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SVPete
02-15-2015, 11:39 AM
Minimum Wage Hike Closes San Francisco Bookstore (http://finance.yahoo.com/news/minimum-wage-hike-closes-san-213700882.html)
By Yuval Rosenberg
finance.yahoo.com
February 3, 2015 4:37 PM

An independent San Francisco bookstore says it will be closing its doors by March 31, despite having its best year ever in 2014. And it’s pointing at San Francisco’s newly enacted minimum wage law as the reason.

Borderland Books, which specializes in science fiction and horror, says it has withstood a host of challenges since it opened in 1997, including the rise of Amazon.com and e-books, a landlord who supposedly doubled their rent while dotcoms were first booming, and a deep recession that the owners say “hit us very hard.” A higher minimum wage, though, would take the business from being modestly profitable to being a money loser, the owner says.

“Throughout the years we've managed to plan for the problems that we could predict and, when we couldn't plan for them, we've just worked our asses off to get through. Overall, Borderlands has managed to defeat every problem that has come our way,” Borderlands owner Alan Beatts wrote in a blog post announcing the planned closure. “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.”
The government-mandated artifical minimum wage driving a business into closing down? Who'd athunk it?! And ther owner doesn't "get" it! He doesn't think through to "stage 2" and realize that he's almost certainly not the only small business that will be that will be sacrificed on the Altar of Feel-Good.

Dori
02-15-2015, 11:57 AM
Minimum Wage Hike Closes San Francisco Bookstore (http://finance.yahoo.com/news/minimum-wage-hike-closes-san-213700882.html)
By Yuval Rosenberg
finance.yahoo.com
February 3, 2015 4:37 PM

The government-mandated artifical minimum wage driving a business into closing down? Who'd athunk it?! And ther owner doesn't "get" it! He doesn't think through to "stage 2" and realize that he's almost certainly not the only small business that will be that will be sacrificed on the Altar of Feel-Good.

His isn't the only business that will go by the way side because of it. And who else gets hurt? Where do the employees go? Just like the union wages have pushed businesses out, then we get cities like Detroit that go bankrupt.

Dlr Pyro
02-15-2015, 11:58 AM
on the bright side, all those soon to be unemployed book store workers can get free birth control.

SVPete
02-15-2015, 12:37 PM
on the bright side, all those soon to be unemployed book store workers can get free birth control.

I should be :smilie_catfight: around for this: Birth control? In SF? :evil-grin:

RobJohnson
02-16-2015, 03:16 AM
on the bright side, all those soon to be unemployed book store workers can get free birth control.

:biggrin-new:

noonwitch
02-17-2015, 10:32 AM
I miss bookstores. All that's left in metro Detroit are Barnes and Noble, Family Christian stores (which sell just as much gift merchandise as books) and used book stores.