Saturday, May 02, 2015

When Minimum-Wage Hikes Hit a San Francisco Comic-Book Store

And the blowback begins . . .

Hibbs (owner of the store for 20+ years) 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.” “Why,” he asks, “can’t two consenting people make arrangements for less than x dollars per hour?” 

And the problem goes still deeper. While forcing hundreds of Bay Area small businesses to close, cut staff, or overhaul their practices, San Francisco lawmakers have given multimillion-dollar tax breaks to lure or keep technology giants such as Twitter and Zoosk. “There’s lots of room for the rich and the powerful,” Hibbs observes, “but, really, they’re not doing anything to help small business.”

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