Results 37 to 48 of 61
-
01-24-2021, 02:57 PM #37
Re: Anyone still doubt the Politics of Covid?
This may be so. But I’ve never heard it refers to that way in any of our money meetings. Way back when I got in min wage was $4.25. My starting wage was 7.86. So almost double? Our starting pay has risen every contract to match the top wage. It’s always been 45% of top out.
Sent from my iPhone using Tapatalk
-
01-24-2021, 05:46 PM #38Regular 1st Stringer
- Join Date
- Jan 2020
- Posts
- 860
Anyone still doubt the Politics of Covid?
I have hired over 50 people while in consulting services. 7 while in retail and 3 for my own business. I think that would allow me to talk about costs. Staffing costs can be significant but you adjusted your pricing model to make it work.
Your competitors have to adjust their costs too.
-
01-24-2021, 06:08 PM #39
Re: Anyone still doubt the Politics of Covid?
Not that I’m for a universal $15 min wage but ..when they raised the min wage to $11 in Md was there mass unemployment? Did prices skyrocket? No ? Ah. Well then. I guess the market adjusts.
Sent from my iPhone using Tapatalk
-
-
01-24-2021, 07:01 PM #41
-
-
-
01-24-2021, 07:45 PM #44Regular 1st Stringer
- Join Date
- Jan 2020
- Posts
- 860
Re: Anyone still doubt the Politics of Covid?
Labor costs aren’t the only costs to a business. At the most (in consulting where you are basically supplying labor), the cost increase would be 50%. But most of those businesses don’t pay minimum wage.
For businesses like say a retail business, goods (food/clothing etc), cost of premises, insurance and other costs are far greater than wages. Maybe an increase of 20% max.
-
01-24-2021, 07:51 PM #45
Re: Anyone still doubt the Politics of Covid?
It’s not like min wage went to $11 in Feb. I mean what damn world do you live in?? It was $10.10 prior. So $.90 bankrupt business? GTFoh. Dude take off the red glasses and pick your head up. This is the real world. It’s not that bad. It’s not all gloom. The suns gonna come up tomorrow. You guys.
Sent from my iPhone using Tapatalk
-
-
Re: Anyone still doubt the Politics of Covid?
The issue is that federally mandated wage increases will primarily impact low-skill workers because those businesses will ramp up research and development for automation, self serve, robotics, etc.
Fast food restaurants are a great example.
Don’t need to pay for cashiers anymore when I have a row of 10 point of sale terminals for customers to select what they want and pay there.
Sent from my iPhone using TapatalkDisclaimer: The content posted is of my own opinion.
-
01-24-2021, 08:09 PM #48
Re: Anyone still doubt the Politics of Covid?
Sure. Groc stores have been doing that for years. It’s advancement. Why pay benifits to a human if a machine can do it. Gimme one human to maintain the machines and I get 20 machines. More profit for me. Really has zero to do with min wage. It’s bottom line.
Sent from my iPhone using Tapatalk
Bookmarks