Carpe Diem has this announcement from Borderlands Book in San Francisco:
In November, San Francisco voters overwhelmingly passed a measure that will increase the minimum wage within the city to $15 per hour by 2018. Although all of us at Borderlands support the concept of a living wage in principal and we believe that it’s possible that the new law will be good for San Francisco — Borderlands Books as it exists is not a financially viable business if subject to that minimum wage. Consequently we will be closing our doors no later than March 31st.
The demand for labor hours , really is a downward sloping curve no matter what journalists (who have never taken an economics course) tell you.
