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You commented on an article about the SFO Bookstore going out of business due to $15@hr wages.
It's doesn't make any difference where the law is passed that sets what minimum wage is done. It violates the law of supply and demand. As a result any effect is temporary and everything around will rise accordingly. That is inflation.
When I was growing up a Butterfinger cost a nickel. Go buy one today. Not only are they smaller but they also cost a heck of a lot more. Why? Inflation. What caused the inflation?
February 14, 2015 at 10:40 a.m.
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