Divine Wind
Platinum Member
- Aug 2, 2011
- 20,640
- 5,568
Well said and agreed. Mandating a Federal minimum wage across the country is just another wrong-headed piece of Democratic "feel good" legislation. For California to mandate it across their entire state would be equally fucked up.Sure, $2. We're talking about doubling it, a move that would directly impact over half the workforce.Glad you had a great vacation, we just did a drive from Mt. Rushmore, Devils Tower and Yellowstone, this fall we are taking a cruise.
I'm just saying that additional costs are not simply offset by raising prices. If a business has an increase of costs by $192, the offset has to be a lot more than $192. The actual cost is not $192, however it is closer to $5000, otherwise the profit margin goes down. Most restaurants work off a 3.6% profit margin. To produce more food, you would have to buy more food, use more electric, clean more dishes etc, etc. so it always isn't easy to do. You do have to raise food prices but it isn't the only way you can recoup a labor increase.
'Most restaurants work off a 3.6% profit margin.'
Not including;
-The owners payroll.
-The owners families payroll.
-The company car (s).
-The owners girlfriend/Sugar Baby.
-The owners vacation property.
Much, much, more than 3.6%
We are talking about MW hike not starting a business.
If a restaurants been operating and obviously making money after years of operations ------- those items you mentioned was well established inside profits long time ago before the MW hikes.
The sample I gave 12 employees, $2 MW hike each, minimum of 35 customers, spend minimum of $5.50 each higher from the old menu------ It is not that difficult to recoup $192/day.
Let say a taco stand with 5 full time employees giving them $2. each MW hike = $80 It is not difficult for a taco stand to recoup $80.
From anti MW hike this is their agenda but in reality a $2. increased is not difficult to recover from places like McDonald's, Red lobster, Olive Garden etc.
All I've been asking is show a proof where a city or restaurant that closes because of this MW hike. So far I have not heard a single story.
Anti MW and business owners like you to believe that we will collapse.
ALL business owners like me don't like this MW mandate but in my case there are no such thing in medical instrumentation business pay MW. Most or all start at lowest entry level at $16+ hour.
Think about that for a moment. Right now your entry level people earn twice the MW. What do you think will happen when they only earn $1/hour more than MW? Are they going to go through the education hurdles and requirements to take your jobs when they can get almost the same pay with little or no requirements? Or are you going to again double the MW and pay entry level people $30/hour?
These are things that need to be considered. 60+% of the American work force earns $20/hour or less. Bump the MW to $15/hour and you cause huge ripple effects. The only way a MW works is if you keep it low enough that it doesn't really do much.
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