General Discussion

delete_bush

(1,712 posts)

71. I will say that for some enterprises this will

Thu Sep 4, 2014, 09:38 PM

Sep 2014

not be the case, yes. Unfortunately, they will more than likely be the large corps, because they can take the short term hit, but not the little guy (the one I'm rooting for).

Take the owner of a sandwich franchise, for example. Here are the real numbers for an existing business.

Sales = $570,000
Wages = $130,000
Net to working owner = $70,000

I'm not sure of the average wage, but let's be generous and say it's $10.00 per hour. An increase to $15.00 per hour would increase the cost of labor to $195,000, an increase of $65,000. Without increasing prices, the owner, who invested over $300,000 to build the place, will now take home $5,000 per year.

So tell me his choices, and the effect each will have on the landscape.

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Do you think the Federal minimum wage should be $15 per hour? [View all] Omaha Steve Sep 2014 OP

If that happens, the economy will go boom! (In a good way.) randome Sep 2014 #1

Try Telling That RadicalGeek Sep 2014 #2

It would certainly be a boost for the housing market delete_bush Sep 2014 #41

Where is that house located? In Miami, with the size of the land it appears to have, that would be Ghost in the Machine Sep 2014 #88

For whatever reason, I choose delete_bush Sep 2014 #94

Thank you, and my bad... I thought the post said that house was only $60,000 when in actuality Ghost in the Machine Sep 2014 #98

I am confused as to your point marym625 Sep 2014 #101

Not to get too technical, because delete_bush Sep 2014 #110

The reality is marym625 Sep 2014 #112

The figure DOES include taxes and insurance delete_bush Sep 2014 #120

I was in the mortgage marym625 Sep 2014 #123

It must have been awhile since you were in delete_bush Sep 2014 #127

Not that long marym625 Sep 2014 #128

The "national memo" link delete_bush Sep 2014 #130

You realize you just did exactly what the GOP did? marym625 Sep 2014 #132

I did nothing of the sort. delete_bush Sep 2014 #134

I did read your post marym625 Sep 2014 #136

I must not be explaining this properly... delete_bush Sep 2014 #137

I voted yes. merrily Sep 2014 #3

How much of the cost is worker wages? gratuitous Sep 2014 #19

Not the point I was making. merrily Sep 2014 #21

No, not the point you were making, no. Laelth Sep 2014 #37

Why do you think I would I want to hear it? Nothing in any of my posts suggests merrily Sep 2014 #43

Cool. Sorry. n/t Laelth Sep 2014 #45

No need to apologize. Misreading intent on a message board is easy. merrily Sep 2014 #46

Government could give businesses tax breaks Politicalboi Sep 2014 #27

No thanks. They get enough tax breaks as it is. merrily Sep 2014 #29

If you give workers more money they will spend it. upaloopa Sep 2014 #34

I agree there is no need, yet it happens all the time. merrily Sep 2014 #36

Businesses compete for customers using upaloopa Sep 2014 #38

Also true, yet many employers don't pay enough to make employees loyal and happy. merrily Sep 2014 #40

That's because they control the supply of needed upaloopa Sep 2014 #44

What do you think I am saying that was said to Ford? merrily Sep 2014 #47

All the other car makers said they would have upaloopa Sep 2014 #50

Thanks for the info, but you did not answer my question. merrily Sep 2014 #51

Ok I got it upaloopa Sep 2014 #52

Great. merrily Sep 2014 #54

Do you have a link for your assertion delete_bush Sep 2014 #61

It is from a biography that is on Netflix upaloopa Sep 2014 #63

So this is from your memory. delete_bush Sep 2014 #69

I heard it or read it. If that is a bad thing too bad upaloopa Sep 2014 #77

I come here to hopefully learn something. delete_bush Sep 2014 #95

The number cited is also refered to in 'Fordlandia: The Rise and Fall of Henry Ford's Forgotten Jung LanternWaste Sep 2014 #117

The "passed on to consumers" view misses several key concepts Taitertots Sep 2014 #59

Please see my reply 51 to upaloopa and my reply 43 to Laelth. merrily Sep 2014 #62

I disagree delete_bush Sep 2014 #67

But do you agree that minimum wage increases wouldn't be directly passed to consumers? Taitertots Sep 2014 #68

I will say that for some enterprises this will delete_bush Sep 2014 #71

What sandwich franchise has 6 employees working over 40 hours a week? Hippo_Tron Sep 2014 #73

In my example, delete_bush Sep 2014 #75

By your own admission, you're not sure of the average wage and just set it at $10 Hippo_Tron Sep 2014 #81

His example is extremely conservative taught_me_patience Sep 2014 #83

I set the average wage at what I consider to be delete_bush Sep 2014 #97

Add up the hours taught_me_patience Sep 2014 #82

Lunch lasts for 7 hours? Hippo_Tron Sep 2014 #85

Wages at 23% of sales? taught_me_patience Sep 2014 #80

I was being conservative with the numbers... delete_bush Sep 2014 #92

Exactly, you gave a great realistic and conservative example taught_me_patience Sep 2014 #109

It's good to hear from someone who delete_bush Sep 2014 #115

"Pass increase," or just maybe compete with pricing. Eleanors38 Sep 2014 #141

From productivity gains alone... MANative Sep 2014 #4

I ws just about to post no for this very reason. Beat me to it. Lochloosa Sep 2014 #5

Great minds... MANative Sep 2014 #6

+1 Go Vols Sep 2014 #23

$15 now gives people the ability to lobby for $22. As it is, their lives are chaotic and they can't. freshwest Sep 2014 #65

maximum wage permissable is what's needed fadedrose Sep 2014 #7

Actually I like $15.50 Half-Century Man Sep 2014 #8

I feel the same Iwillnevergiveup Sep 2014 #9

Other: _At least_ $15 per hour. (nt) Heidi Sep 2014 #10

I went with hell yes JustAnotherGen Sep 2014 #11

Not only that, but the reductionists who oppose the raise because they make more will get one, too. freshwest Sep 2014 #66

+1 leftstreet Sep 2014 #14

^^ this nt TBF Sep 2014 #64

If minimum wage were to raise to $15/hour, would other wages also rise accordingly? uppityperson Sep 2014 #12

K&R jamzrockz Sep 2014 #13

In a few years. KamaAina Sep 2014 #15

Perhaps $15/hr in city $12/hr suburban? JaneyVee Sep 2014 #16

If they are going to talk about a living wage then it should definitely be that much. jwirr Sep 2014 #17

Voted yes, but it should be higher than $15. n/t FSogol Sep 2014 #18

This message was self-deleted by its author NightWatcher Sep 2014 #20

A rising tide.... Omaha Steve Sep 2014 #22

I'm in favor of a rising tide, just not a tsunami NightWatcher Sep 2014 #24

If you can find a mecahnism ... Laelth Sep 2014 #32

We need to make sure that COLA is adjusted properly for SS and get rid of H-1B too... cascadiance Sep 2014 #33

Teachers have a union. 'Burger flippers' don't n/t leftstreet Sep 2014 #39

Some states forbid teachers being in a union Omaha Steve Sep 2014 #58

The thing to do is raise teachers' salaries not keep the min. wage merrily Sep 2014 #48

that's what I said, slowly raise everyone, just don't double overnight NightWatcher Sep 2014 #55

I never said slowly. merrily Sep 2014 #57

Adjuncts make about as much as fast-food workers. Starry Messenger Sep 2014 #70

A "burger flipper's" time and labor should be keyed by some other profession's pay? Scootaloo Sep 2014 #78

I worked at Burger King, McD's, Blimpie, Ruby Tuesday... NightWatcher Sep 2014 #84

I know exactly what I'm talking about. Scootaloo Sep 2014 #87

Wow, so much wrong. NightWatcher Sep 2014 #102

It's not the "burger flippers" fault justiceischeap Sep 2014 #100

Where is the idea that I have distain for minimum wage employees coming from? NightWatcher Sep 2014 #103

It was in your comment you've since deleted justiceischeap Sep 2014 #108

That's the most common argument against raising minimum wage, and it's misguided Orrex Sep 2014 #105

I said work up to it and not just double overnight. NightWatcher Sep 2014 #106

Delete if you like, but I don't think you're shitting on anyone Orrex Sep 2014 #107

I had to vote no Go Vols Sep 2014 #25

Agreed! It should be higher. Lars39 Sep 2014 #28

$25/hour? Now you're talking! delete_bush Sep 2014 #60

Like anyone is going to jamzrockz Sep 2014 #79

Bingo! delete_bush Sep 2014 #96

Yep Go Vols Sep 2014 #91

It should be much higher than that Nite Owl Sep 2014 #26

doesn't really matter Adam051188 Sep 2014 #30

k&r for labor. n/t Laelth Sep 2014 #31

Not only do I think it should be $15 an hour, I think it should be a goddamned litmus test. nt conservaphobe Sep 2014 #35

+1 merrily Sep 2014 #49

Minimum Wage Would Be $21.72 If It Kept Pace With Increases In Productivity baldguy Sep 2014 #42

This is why i voted no. temporary311 Sep 2014 #53

No. PeteSelman Sep 2014 #56

If nothing else, I'd like sub minimum for restaurant servers raised to 5.50 Algernon Moncrieff Sep 2014 #72

ALL workers should be subject to the same delete_bush Sep 2014 #74

Realistically, it would take years to change the culture in America -- if it could be done. Algernon Moncrieff Sep 2014 #76

They are in San Francisco. All wait staff are paid at least minimum wage which is $10.74 an hour. Luminous Animal Sep 2014 #119

I know, I live in CA, delete_bush Sep 2014 #122

Just think what that would do for the middle class in this country. It might save us. YOHABLO Sep 2014 #86

No 4b5f940728b232b034e4 Sep 2014 #89

But your boat will rise Bonx Sep 2014 #90

But everybody jamzrockz Sep 2014 #93

This turned into a great thread Omaha Steve Sep 2014 #99

There would be heavy inflation... Orsino Sep 2014 #104

Post removed Post removed Sep 2014 #111

What do you mean "sorry...". You aren't sorry. Workers deserve a living wage, period. CreekDog Sep 2014 #113

Well, the poster did discuss anchor stores Aerows Sep 2014 #116

Post has been hidden. alp227 Sep 2014 #118

Poster seems to have posted almost exclusively on Israel from the start CreekDog Sep 2014 #124

his sentiment sounds a lot like this: CreekDog Sep 2014 #125

Anchors have dwindled in most places Aerows Sep 2014 #114

Yep, and yesterday Omaha Steve. K&R Jefferson23 Sep 2014 #121

Yes, and middle class wages need to rise as well. tridim Sep 2014 #126

No because if we do that we get this....... AnalystInParadise Sep 2014 #129

Eventually, increasing the minimum wage causes unemployment. Unvanguard Sep 2014 #131

Great post marym625 Sep 2014 #133

Higher panader0 Sep 2014 #135

We need more Federal infrastructure daredtowork Sep 2014 #138

Nope. Iggo Sep 2014 #139

Sounds like you've done a lot of delete_bush Sep 2014 #140

Nope. Iggo Sep 2014 #142

My apologies, I took your delete_bush Sep 2014 #143

I don't disagree at all, but gradualism will probably be necessary here. nomorenomore08 Sep 2014 #144

Yes it should, and it should be phased in over several years Gormy Cuss Sep 2014 #145