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San Francisco’s Minimum Wage Kills Subway’s Footlong

Posted by Steve Markowitz on March 29, 2012

On January 1, Leftist politicians in San Francisco increased that city’s minimum wage to $10.24 per hour.  This week, Subway reacted to this artificial market intervention with local franchises opting out of a Subway special, the $5.00 dollar Footlong sandwich, as reported by NBC.  It seems that the new minimum wage has made it uneconomical for Subway to offer the special.

Anytime the government gets involved in intervening in the markets, it it does so by offering advantage to some at the expense of others.  While in the short-run some workers will receive increased pay, it comes at the expense of increased food prices in San Francisco.  So the world turns.


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