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Old 04-29-2021, 06:22 AM
 
3,730 posts, read 1,768,453 times
Reputation: 3701

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Close shop or ?

 
Old 04-29-2021, 06:23 AM
 
Location: Boston
20,122 posts, read 9,036,439 times
Reputation: 18783
collect UBI, it started with the last cash giveaway for the non-contributors
 
Old 04-29-2021, 06:23 AM
 
166 posts, read 91,407 times
Reputation: 406
Raise your prices obviously. They don’t understand economics. Stop trying. Just keep printing money!!!!
 
Old 04-29-2021, 06:24 AM
 
Location: Tyler, TX
23,861 posts, read 24,125,811 times
Reputation: 15135
They'll tell you that if you can't afford to pay your employees $<whatever arbitrary value they choose that day> per hour, then you don't know how to run a business.

And this argument ALWAYS comes from people who have never run a business. As far as I can tell, none have even been in a management position of any kind. I've asked.
 
Old 04-29-2021, 06:26 AM
 
5,986 posts, read 2,241,315 times
Reputation: 4622
Quote:
Originally Posted by TheGoodTheBadTheUgly View Post
Close shop or ?
Work harder.

When someone cannot pay their bills because the minimum wage is too low for the cost of living, this is the response that is usually given. The same applies to you.

Some people suck at running a business, that could be your case, to which I would say close shop or re-evaluate your business.
 
Old 04-29-2021, 06:26 AM
 
Location: Just over the horizon
18,462 posts, read 7,098,820 times
Reputation: 11708
If you can't afford to pay $15/he, you don't deserve to be in business.

That's what they keep saying......

Nevermind that your business model and supply and demand don't allow for wages that high..... you're just too greedy.

But I'm sure a Chinese sweat shop will pay people $2/day to make up for your absence in the market.


No worries.
 
Old 04-29-2021, 06:27 AM
 
Location: Oklahoma
17,810 posts, read 13,713,201 times
Reputation: 17845
Let go of some employees until you can afford it.

Then those employees can find a job somewhere else where the employee can afford it.

It's a win-win. You get to keep your shop open and they get the opportunity to find a job with somebody who isn't staying open on a shoestring.
 
Old 04-29-2021, 06:29 AM
 
Location: Central Mass
4,633 posts, read 4,903,958 times
Reputation: 5382
Quote:
Originally Posted by TheGoodTheBadTheUgly View Post
Close shop or ?
Yes because you obviously suck at running a business.

If you can't pay as much as McDonalds and Walmart, you're doing something wrong.
 
Old 04-29-2021, 06:30 AM
 
Location: My house
7,387 posts, read 3,542,914 times
Reputation: 7789
Anecdotal, but I used to have minimum wage student positions that were available to young people who just wanted extra money and to get some work experience during the summer. Because of minimum wage going up so high in New Jersey, those positions were cut and absorbed into other positions. When you are dealing with a fixed limited annual budget the money to pay for increased wages when everything else goes up like cost of health insurance and business insurance, something has to give and it is usually in the form of cutting jobs or reducing them to part time.

To anyone who doesn't understand this have probably not even read a basic profit and loss statement or lack the understanding of what a profit and loss statement is. I don't think they teach budgeting and accounting for Bachelor's of Art degrees.
 
Old 04-29-2021, 06:31 AM
 
Location: Sunny So. Cal.
4,396 posts, read 1,704,176 times
Reputation: 3304
Quote:
Originally Posted by Daryl_G View Post
Work harder.

When someone cannot pay their bills because the minimum wage is too low for the cost of living, this is the response that is usually given. The same applies to you.

Some people suck at running a business, that could be your case, to which I would say close shop or re-evaluate your business.
This.

What applies to workers also applies to business owners. Pull yourself up by your bootstraps, or get a new job.
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