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The sky is not falling. I can tell you from direct experience that both Oakland AND San Francisco are doing just fine. In fact, I'll turn it around on you; if you can't afford to do business in either city, then go elsewhere. Isn't that what conservatives say about lower wages and the cost of housing? Restaurant prices are still the same, museums and everything else. Housing is going through the roof though, only because that's the market! so apartments and houses have more and more people in them. Nope sorry, if business won't take care of business, then people have to.
why do you think companies are abandoning CA in general? their are simply better places out there to do business in.
no restaurant prices have gone up more so your local places more than your chains. however I have noticed that even chain prices have gone up as well.
businesses pay what the position is worth and being a bus boy or a dishwasher or a cashier doesn't entitle you to 15 bucks an hour