Like the vast majority of people on the planet (including most non-Austrian economists), the economically-ignorant local government in San Francisco boasts being the first city to raise the minimum wage to $10 an hour. (Why so stingy? Why not raise it to $20, or $30, or $50 or…?) Well, lo and behold, you can guess what the unintended consequences are: Daniel Scherotter, chef and owner of Palio D’Asti, an upscale Italian restaurant in the Financial District, said the city’s minimum wage hike from $9.92 to $10.24 means that his highest-paid employees — the waiters who make most of their income … Continue reading The Stingy ‘Progressives’ of San Francisco