San Francisco’s Borderland Books, which currently makes only $3,000 profit annually, will be closing by the end of March, because the city’s voters passed a minimum wage hike, effectively putting a favorite bookstore out of business. One customer is quoted saying he didn’t think the wage hike would affect certain small businesses. Another said he loved the store and hoped it wouldn’t close.
Huh. It’s almost like some people have never heard of the Law of Unintended Consequences.