Thursday, March 29, 2012

Your Economics Lesson for the Week

H/T Carpe Diem. From NBC News in the Bay Area.
The catchy Subway sandwich shop jingle involving a variety of foot-long sandwiches available for $5 doesn't apply in San Francisco.
. . .
Apparently, the city's new minimum wage, raised to $10.24 as of Jan. 1, make $5 footlongs an impossible business model.
There was an eruption of comments on Carpe Diem. One complaint was about how it was impossible to live by oneself on minimum wage in San Francisco. No sharing apartments! The new cri de guerre of aspiring Bolsheviks.

1 comment:

  1. Just praying for SF to break off into the Pacific during the next earthquake.