Dubya
Senior Member
- Dec 29, 2012
- 3,056
- 59
- 48
LOL...the cost of EVERYTHING I purchase for that business would go up right along with the cost of my food. Or don't you understand that concept? If the guy who ships my produce has to increase the wage he pays the guy who packs it and puts it on a truck then that cost gets passed along to me. That's not hyperbole from me that's simply the way it WORKS. I really don't understand how progressives like you can understand so little about business yet are so ready to impose legislation on it.
You are obviously too dumb to own a business. If minimum wage increased 25%, your cost of doing business would not increase that amount and neither would other businesses. If wages continued to decrease in purchasing power, your business would eventually go bankrupt as people cut back on going to restaurants. If you've owned restarurants, you know there are times when business is slow and you still can only cut back on help so much. I've been around many restaurants, both fancy and plain, and been around plenty of the people who work there both on an after work. It's common for restaurant workers to get off work and socialize together at a late hour restaurant.
If you are a restaurant owner, you would want a very healthy economy where people aren't concerned about money, unless you own a very fancy restaurant where only the rich dine. Anyone who has been in that business knows that.
Labor costs...as anyone who HAS owned a restaurant knows only too well, is the single biggest cost that a restaurant incurs. It's why competent owners and their managers watch labor costs like hawks trying to keep them in line. Having labor costs go up by 25% would be an enormous increase to the cost of doing business...an increase that would have to be passed along in the cost of a meal. That's just common sense...which you appear to be in very short supply of.
I asked you for a percentage of the total cost of running the business. More specifically, I asked you to take one of your restaurants and add up the total cost of a minimum wage increase and determine what percentage of increase it was in doing business. That means the full cost of running that business, including the cost of having your money invested in the business. Hiding behind generalities isn't the answer, because to maintain the same profit, it's the increase in doing business that is the factor which would lead to a price increase. Then, you have to factor in if your restaurant will get more business at that new price, because working people have more money to spend in restaurants. That's assuming your restaurant gets customers who are near minimum wage or lower, or the people who would get raises with a minimum wage increase.