Missouri_Mike
Diamond Member
- Nov 5, 2012
- 23,802
- 15,072
- 1,405
You just don’t understand left wing math. In their minds you can still sell a loaf of bread for two dollars and pay everyone making it 50 bucks an hour. It’s not a problem.Sounds good to me.Why don't we just pay everyone $1000/hr?Minimum wage labor is not the whole labor force.NO YOU dummy!lol. Nobody takes right wingers seriously about economics. Labor costs are only 3.6 percent in your own list.Here is a simple example of what raising the minimum wage means IF YOU owned a restaurant.The Poor are a larger group. Raise the minimum wage until the Poor pay enough in taxes.There will be no problem since he can promise that GDP growth will be 5% a year...
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What ever happened to Trumpâs boast of 4%, 5% or even 6% growth?
Whatever happened to Trump’s boast that the U.S. economy would be able to grow not just at 3% but at “4%, 5% or even 6%” a year?www.marketwatch.com
So how does Biden pay for it...
Reverse the Trump tax cut for rich and corporates... $1.5 trillion
Increase tax on Rich (> 400k per year)... $1 Trillion.
Borrow infrastruction expense and pay off over increased production (Capital expendeture)... $1.3 trillion
Education pays off in increased tax revenue. It also drives an economy...
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The return to investment in education - OECD
Data and research on education including skills, literacy, research, elementary schools, childhood learning, vocational training and PISA, PIACC and TALIS surveys., Growing advantages for the better educated and likely continuing high levels of unemployment as economies move out of recession...www.oecd.org
Housing plan will also drive economic activity in the construction market... Homeless are expensive cost on a city...
Combating opioid epidemic: Borrow the money, Cutting funding to poor will just make this worse...
This is all better than ploughing the money in to hole in the dessert. $2.4 billion.
.Financial cost of the Iraq War - Wikipedia
en.wikipedia.org
You wrote: Increase tax on Rich (> 400k per year)... $1 Trillion How do you figure that? YOU have NOTHING to prove your statement. JUST a guess... I ON the other hand have a link... follow the link!
the government estimates that raising the tax rate on this small group will raise about $600 billion in new revenues over the next decade.
Note the 2nd largest % of revenue (gross sales) is salaries and wages..@ 15.1%
So if the salaries/wages go up just 5%... there is no profit...therefore no business!
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So if the salary and wages are doubled... then dummy Labor costs will become 30% not 15.1% from that list
MORE proof dummy which you evidently don't know how to use the internet to find out FACTS!!!
the average labor cost generated by front- and back-of-the-house positions across all restaurant categories comprises 30.5 percent of sales revenue What Is Normal for a Restaurant's Labor Cost Percentage?
Restaurateurs commonly aim to keep labor costs between 20% and 30% of gross revenue.
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How to Efficiently Manage Labor Costs for Your Restaurant
Are you looking to get on top of your restaurant labor costs? Check out our latest blog with tips on how to efficiently calculate and manage the cost of labor in your restaurant.upserve.com
Restaurants whose average ticket totals between $15 and $25 typically spend 33.2 percent of gross sales on labor expenses.
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Food Service Industry: Labor Cost Standards
Food Service Industry: Labor Cost Standards. Labor can be one of the highest expenses that a food service business incurs. Restaurants and food processors must pay employees to prepare food and then to get it to customers, either by serving tables or by delivering packaged product at a wholesale...yourbusiness.azcentral.com
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Of course, a loaf of bread will cost 10K.