Reply to Help me understand the impact of a $15 minimum wage?

Forum Index » Political Discussion

Reply to "Help me understand the impact of a $15 minimum wage? "

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous]You guys are focusing on the big companies who can absorb it easily, what about the little guys? Look at someone that owns a Rita’s ice franchise for example. They have 4 employees at $9 an hour currently, for a cost of $36 an hour, or $360 for a 10 hour day. At $15 that’s now $60 an hour or $600 a day. You’ve gone from $2520 a week in labor cost to $4200. This doesn’t count your payroll taxes and UI being a % of the payroll amount (so now that’s higher). How is that guy supposed to make it up? Magically sell 60 more a day? Easiest way is to cut to 3 people and raise prices.

Just to break even, not to make more, to break even. Good luck![/quote]

Yes you’ll have to cut employees and raise prices, or cut management salaries.  But if your product is underpriced to begin with because you are exploiting human beings for profit.... well, get a new business model.  There are also some incentives that could be structured to benefit small businesses.  And, if we cut healthcare costs by providing a public option, and forgive student loans, a lot of mall businesses was owners would benefit.[/quote]

So if a Italian ice is underpriced at $3, what should it be?[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics