Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Regarding turnover, its not only training but the actual hiring process as well. It all adds up to decreased costs for businesses.
There is reason they are employers and not employees and it certainly isn't because they have made bad business decisions. Go build your own business and you get to make these decisions.
Colorado just passed Amendment 70, which will raise the minimum wage in stages until it reaches $12 in 2020. We're friends with the manager at a small privately-held company in Denver, so I asked him how it would affect the store's bottom line. He said that the owner and managers had met and determined that they would absorb the costs without any workforce reduction. I was happy to hear it.
Until such a time as their suppliers raise their wholesale prices to cover it.
Until such a time as their suppliers raise their wholesale prices to cover it.
That's possibly true, but the accountant seems to think they can make it work. They are lucky in that the number of staff is quite small, so the increase is tolerable.
We have a new dine in/take out restaurant by me that is really nice and offers a pretty healthy selection of food. The first thing I noticed when I walked in was that they had about 5-6 touch screen computers facing the customer where you would traditionally place your order, and about 4 people in the back working to actually make the food. Nice big 24" monitors where you just tap a few images and navigate a menu, then swipe your credit card and you are done.
I've seen this before! It was being tested at a Jack in the Box in Southern CA.
Right now, Ross (Dress For Less) is testing portable fitting rooms, that way if the minimum wage rises, the fitting room attendants would no longer be needed. But I think the theft would incidents would be much higher. Go in the fitting room with 8 items, come out with 4.
Just got a letter from our local YMCA, they are raising monthly fees by $3 starting next month due to first round of raises to minimum wage.
And so it goes...
Just got a letter from our local YMCA, they are raising monthly fees by $3 starting next month due to first round of raises to minimum wage.
And so it goes...
well someone's got to compensate the business owners, this is going to raise prices sky high, we ain't seen nothin yet.
so in the end, as prices start to sore, those making $15.00 per hour will be right back where they started....won't they. I cannot believe people are so stupid.
Location: East of Seattle since 1992, 615' Elevation, Zone 8b - originally from SF Bay Area
44,585 posts, read 81,243,006 times
Reputation: 57825
It would make the most sense for the minimum wage to be set locally. In cities around here with the median family income over $100k, people are willing to pay more for those things provided by higher minimum wage workers. In fact, fast food is already at $13-14 just to attract workers. In places like Tulsa OK where the median is only $52, higher prices will cause a hardship for people having to pay more to cover higher minimum wages, especially those making only minimum. Raise it, and they make more, but everything costs more. Businesses will not absorb that additional cost.
Location: Just transplanted to FL from the N GA mountains
3,997 posts, read 4,145,129 times
Reputation: 2677
If I was a McDonald's executive I'd be salivating at the thought of raising the minimum wage to 15.00 an hour. The avg. franchise takes in approx. one million per year of which the corporation gets 4% of the gross monthly sales. Wages go up, and I have all I need to up the cost to the consumer which in turn puts more money into the corporations pockets. All the while the cost of doing business just got passed along to the consumer....
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
