Prominent San Francisco Bookstore to Close, Citing Minimum Wage Increase

Wagetards lament!

Thread: WAGETARDS! Raising McDONALD'S wage to $15/hr WILL COST YOU YOUR JOB!!!!

THEY CLOSED STORES IN L.A. . FREELOADING DEMS USED TO SIT & READ FOR HOURS FOR FREE BELIEVING IT WAS A PUBLIC LIBRARY. WHEN IT CLOSED. DEMS SIGNED PETITIONS & STORMED CITY HALL. DEMS WERE ARRESTED. OTHER DEMS WERE COMMITTED TO THE STATE MENTAL HOSPITAL !

If minimum wage equates to 30k a year, doesn't that mean that the only people living below the poverty line will be the unemployed or welfare recipients (assuming this catches on with other states)?

This is going to wreak havoc on the economy.

What good is a mandated "living wage" if no one is hiring? Next, they'll make it illegal to close a business.

I predict a new wave of "family" businesses…people taking care of their own...outsiders need not apply!

if you don't want to earn minimum wage educate yourself or acquire some skills that employers are willing to pay for. Im so sick of the government mandating to save people from their own bad choices.

Change you can be live in!! Thank you criminal bankers!

"I dropped out of high school, but I still demand 80 grand a year."

It also creates more fierce competition for those minimum wage jobs...so the lowlifes who used to be able to gain employment will be passed over for better quality candidates.

Blacks will do much worse in this scenario...if that's even possible. Then pretty soon racial quotas will have to be put in place.

The only fallacy to this idea is that the system is built on the idea that MOST people will not do that. There are countries that have a high percentage of college educated adults because the government provides higher level education. But guess what, you still need MORE low paying jobs then you do high paying jobs. Coincidentally these countries also have high suicide rates.

The problem is money. As long as we use money there will be impoverished. That's how money works, it creates poverty. The by-product is some have wealth. It can't work the other way around.

Take it one step further and consider that a business becomes a private club. Therefore, many laws don't apply. Patron's can only be invited in. Its a loop hole that businesses may use to get around regulations...

Uh yeah, there's ppl reading books inside every big bookstore. That's why they have all those couches, chairs and sell coffee and shit....THEY want you sitting there. DERP!

all good points . . . . .

Bookstores are still closing everywhere ... even where there was NO CHANGE in the minimum wage.

Fewer and fewer people buy printed books to begin with ... and Amazon has picked up a fairly high percentage of the overall market for printed books, WITH NO NEED FOR A PHYSICAL BOOKSTORE!!

I follow the printed book industry as part of my overall business since I deal with a paper maker who makes paper for both hardback and paperback books (they do NOT make newsprint or magazine paper at the operations I follow so that is not a factor I am looking at). Their paper volume continues to decline, fairly steeply ... which is imo a very direct indication of the health of the printed book business.

I don't care how long a book store has been in business, or how prominent it is in a local area ... as more and more people stop buying printed books THEIR business is going to suffer, and suffer until it becomes very hard to make a profit with a store front book selling business.

Yes ... the raise in minimum wage probably finally made the owners realize the writing THAT WAS ALREADY ON THE WALL THAT THEY DIDN'T WANT TO BELIEVE ... but if their business was so bad that they couldn't turn a profit on high margin books they were selling THEN THEY WEREN'T SELLING THAT MANY BOOKS ANYWAY.

Buggy Whip manufacturers had a tough time after Henry Ford, and others, came out with their newfangled "automobiles" and "trucks". Same kind of technology change driving out a line of businesses that had been around for HUNDREDS of Years!!

I know when I buy a actual touch and feel printed book anymore I almost always buy from Amazon ... and I am sure the same thing is happening in San Francisco.

Of course buy customers are supposed to buy the books that they read. Clearly that was not occurring enough for the book store to pay $15 hr. in the most expensive city in America.

Hence my post above...the smart ones have created coffee bars and sell food too. The books bring ppl in and you make your money selling all the other stuff.

Trying to control the wage market never works, minimum wage should be kept at the absolute minimum.

do crisis actors get at least minimum wage?

"I have a degree in Womens Studies and I demand a six-figure salary, 401(k), profit sharing, a Cadillac health care plan, child daycare, on-site LBGT counselor, and 5 weeks vacation per year.

Exactly, and I've earned minimum wage my whole life because I messed up my schooling.

why all the sadness they didn't build it.

Book stores are already set to fail! Who buys 20$ paper books from the book stores these days with the worldwide web, digital books, tablets and Iphones?

Let's face it, 4$ an hour wage would keep bookstores open for a little while longer but that is called slave wage.

Who wants slave wage back in the U.S.?

I mean how much is the price of a room in a U.S. city?

The reality of libtardism

some of the nicer book stores arent much more than cruising spots for literate single people thats why they read there in the shop looking for their next conquest so to speak
its no wonder others buy books online to avoid the pseudo psychotic environment

Or maybe its because it's a dead industry

What a waste!

Supply and Demand Curve in action. Economics 101 can't be ignored away. Your bleeding heart doesn't change economic realities. Shocker.

Flea markets...the rational, economical alternative. People who hang out at bookstores are just lonely libtards.

As a former small business owner I would do the same. Higher wages unfortunatelly don't translate to higher production. Lazy bastards just want money while the business owner still has to pay lease,utilities, etc. Fuck them.