TANSTAAFL


One of the amenities that attracts well-to-do folks to San Francisco are the small businesses such as Comix Experience, a well-regarded comic book and graphic novel store. Unless it can quickly develop a new revenue stream, the store is headed out of business because it can’t afford to pay its employees San Francisco’s new minimum wage of $12.25 an hour. (It will rise to 15 bucks an hour by 2018.) Ian Tuttle writes about the store owner’s efforts to save his business at NRO.

Hibbs is not inclined to circumvent the market: “Despite being a progressive living in San Francisco, I do believe in capitalism. I’d like to have the market solve this problem.” That applies not just to his plight, but to the question of the minimum wage: “We’re for a living wage, for a minimum wage, in principle. . . . But I think any law that doesn’t look at whether people can pay may not be the best way to go.”

Read the whole thing.

Even in San Francisco, the Laws of Thermodynamics wind up superseding Blue State policy.