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Minimum wage is not a wage you can live on and should never be. Leave it low. Under $10/ hr. Someone with no skills who works in a stick room for the summer should not make anything close to s skilled worker doing anything else. You get paid what you are worth. I don't deserve $400 / her just because my attorney makes that. This country is completely insane these days.
Here is a thought I had from talking to the owner of my local pizza parlor...
Currently he pays staff $10/hr. His large Canadian Bacon pizza I thrive on cost me $20. If his employment costs raise 60% (adding in 10% to cover additional payroll taxes...) and assuming no other cost increases (which there will be), the cost for that pizza rises to $28-32. Will I buy it at that amount? Well, maybe. But I will either buy it less or try and find a substitute for it. This same example covers any small business person. How will they respond?
And for small to medium size businesses selling non food goods, how will they now compete with Amazon or other on line retailers?
If you assume it takes an hour to make a pizza!
In reality, a 2-person pizza joint probably sells 10 or 20 pizzas an hour.
So the raise to $15/hour for two people adds maybe $12 ($5 an hour for two peope, assuming a 20% tax, and that's high) to the cost of those 10-20 pizzas, which would be .60 to $1.20 per pizza.
Minimum wage is not a wage you can live on and should never be. Leave it low. Under $10/ hr. Someone with no skills who works in a stick room for the summer should not make anything close to s skilled worker doing anything else. You get paid what you are worth. I don't deserve $400 / her just because my attorney makes that. This country is completely insane these days.
Yes it should be because we have hard working Americans who can not even afford rent or food and have to rely on taxpayers dollars to get by. You do not get paid what you are worth that is a lie businesses and other people use to dupe people so they can pay as little as they want. There is no worth scale or guide to go by that show what everyone is worth employers make that up.
That's exactly what happened in the example I gave. The cost per man-hour increased, so I had to reduce the total number of man-hours (by laying two people off) to compensate. I can afford to spend $60 per hour for labor, regardless of how it is divided among the workers. The more I have to pay each worker, the fewer workers I can afford to pay.
This is elementary-school arithmetic. Take the total cost per hour of labor ($60), and divide it by the desired wage ($15), and the answer is the number of employees I can afford to pay. At $10 per hour, I can afford to pay 6 workers. At $12 per hour, I can afford to pay 5 workers. At $15 per hour, I can afford 4 workers.
Having employees on the payroll doesn't mean that a business will be profitable. It it did, there would never be layoffs! Employees cost money, which negatively impacts profit. Some employees do generate revenue, but that does not automatically equal profit, as there are still fixed and variable costs (labor being one of those costs) that must be paid out of the revenue that is brought in. The money left over after expenses, if there is any, is profit.
If they were happy with just the minimum, then they wouldn't be complaining about the minimum and we wouldn't even be discussing this topic.
What they do outside of work is not my business. What they do at work most certainly is my business. And if they are content to do just the minimum at work, then they should also be content to earn minimum wage.
Most studies I have seen have shown that if wages go up products prices will only have to go up less then a dollar to make up for that the whole if I have to pay them more I have to let them go is lies. The math does not make sense because you calculate how many employees you need mainly by what positions you need not wages. Wages do play a part yes but wither you are paying them 5 or 15 if you need that position filled you need an employee. You must not be a business owner with the way you talk about employees. Most business owners would not see employees as an negative but a positive to help grow their business you only see them as someone who takes the money away from the business. How do you know they are content with just working for that maybe they want more but can not afford to go to school or do not have the time. Even if they are content so what at least they are working not sitting at home doing nothing.
Most studies I have seen have shown that if wages go up products prices will only have to go up less then a dollar to make up for that the whole if I have to pay them more I have to let them go is lies. The math does not make sense because you calculate how many employees you need mainly by what positions you need not wages. Wages do play a part yes but wither you are paying them 5 or 15 if you need that position filled you need an employee. You must not be a business owner with the way you talk about employees. Most business owners would not see employees as an negative but a positive to help grow their business you only see them as someone who takes the money away from the business. How do you know they are content with just working for that maybe they want more but can not afford to go to school or do not have the time. Even if they are content so what at least they are working not sitting at home doing nothing.
OK then, put yourself in my shoes. Tell me:
How many employees do I need?
How did you determine how many employees I need?
If you're making my T-shirts crummy, then you will be retrained so that the quality of your work will be up to the standards expected by this company and our customers, and so that you can be proud of the quality of the product you produce. If after retraining you are still unable or unwilling to meet quality standards, you will be terminated.
Quote:
Originally Posted by 2sleepy
there are only so many ways I can demonstrate that I am worth more money.
How did you determine that your labor is worth more money?
Quote:
Originally Posted by 2sleepy
In the first place you can't sell more of your T-shirts so me making them faster wouldn't help it would probably just lead to my hours being cut.
Yes, I can sell more (we'll get to that in a minute), but that's not why your production quota has increased. It increased because the same number of shirts still have to be produced, but now there are 2 fewer people making them. Now, 480 T-shirts have to be produced in 8 hours by 4 people, not 6 people. Each employee now has to make 120 shirts per day (15 shirts per hour) instead of 80 shirts per day (10 shirts per hour).
If you demonstrate that you can work faster than the minimum without compromising quality, then you and I will discuss how you should be compensated for your additional productivity.
If you want more take-home pay, then:
I might raise your hourly wage, or
I might pay you a bonus for every shirt you make over and above your quota.
If you would rather have more time off while maintaining your current income level, then I will give you a raise and allow you to leave early once your work is done, so that you work fewer hours but still make the same money per pay period.
OK then, put yourself in my shoes. Tell me:
How many employees do I need?
How did you determine how many employees I need?
Its your hypothetical business you tell me how many positions do you need? Why are going back and forth about a hypothetical business why are you going off topic?
I think raising a min wage a little not $15 but to $9-$10 would be good and you would not see any bad effects on businesses but the real answer is to expand the Earned Tax Credit.
Its your hypothetical business you tell me how many positions do you need? Why are going back and forth about a hypothetical business why are you going off topic?
You seem to think that the need for manpower is unaffected by the budget, so you tell me how you'd determine staffing levels - and how you'd make payroll - if you were in charge.
You seem to think that the need for manpower is unaffected by the budget, so you tell me how you'd determine staffing levels - and how you'd make payroll - if you were in charge.
Never said it was not affected by budget that is only a part of the budget. I would start with the min amount of staff needed until my business grows and would start pay $10. If that means I only start with 1 employee until I can establish my business so be it. I do not see the problem with starting out an employee at that wage. Here are some businesses that pay above min wage and are doing fine.
Gap
IN and Out Burger
Trader Joe's
Costco's
Aldi
Ikea
Shake Shack
See you do not have to pay pitiful wages to make a profit.
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