Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote: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!

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.

"Exploiting." What a crock of total bull$hit.
So many of these people working for $9.00 an hour are doing so as their first job... to earn a few bucks, but more importantly, to gain experience.
We're not doing a "public option" and transferring student loans to the taxpayers either.
Next up - you all will be insisting on paying off auto loans and mortgages for any poor soul making less than $150,000.
Enough with the fricking hand outs.

Actually no. Most people working minimum wage are not doing it as their first job. They’re trying to live.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote: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!

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.

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

Anonymous wrote:

Anonymous wrote:Internships are for “experience”. Jobs are work, and should be paid based on the actual cost of living for a human being in this economy. There are already programs for low paying summer jobs for teens IIRC.

Why would those teens take those jobs if they can just go make $15 somewhere else?

Anonymous wrote:Internships are for “experience”. Jobs are work, and should be paid based on the actual cost of living for a human being in this economy. There are already programs for low paying summer jobs for teens IIRC.

Anonymous wrote:

Anonymous wrote: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!

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.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote: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!

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.

"Exploiting." What a crock of total bull$hit.
So many of these people working for $9.00 an hour are doing so as their first job... to earn a few bucks, but more importantly, to gain experience.
We're not doing a "public option" and transferring student loans to the taxpayers either.
Next up - you all will be insisting on paying off auto loans and mortgages for any poor soul making less than $150,000.
Enough with the fricking hand outs.

Anonymous wrote:

Anonymous wrote: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!

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.

Anonymous wrote: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!

Critics of a higher minimum wage cite a number of reasons for their opposition: the effect on youth employment levels, the likelihood that it will increase the costs of products and services, and the chance that it will decrease the number of jobs available. Such concerns align with the data and projections published by the nonpartisan Congressional Budget Office in July 2019. The CBO estimated that while a $15 minimum wage would increase the wages of 17 million workers and reduce the number of people living below the poverty line, it would also eliminate 1.3 million jobs. The CBO’s projections also indicated a $15 minimum wage would reduce business income while causing prices to increase, concluding that “the $15 option would reduce total real (inflation-adjusted) family income in 2025 by $9 billion, or 0.1 percent.”

Given the opposition to a $15 minimum wage among economists and the projections put out by prominent organizations like the CBO, Biden is wrong to claim that “all the economics” indicate raising the minimum wage to $15 would have an overall positive effect on the economy.