Everything they believe about economics is stupid and wrong. Yet they keep believing.
[h=1]Minimum Wage Hike Closes San Francisco Bookstore[/h]
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.
http://finance.yahoo.com/news/minimum-wage-hike-closes-san-213700882.html