Posts: 4484
Threads: 185
Joined: October 12, 2012
Reputation:
44
RE: About minimum wage
October 10, 2016 at 6:36 pm
(October 10, 2016 at 12:26 pm)johan Wrote: Its widely known that the margin on restaurant food through the roof. Not every business segment operates on 200% margins. Or even 100% or even 50%. There are many business segments where just a wage increase of 66% with no other cost increases will push the ledger into the red because margins are that tight. Short of Government subsidies or something similar, there is simply no way those business segments could sustain a minimum wage increase of 66% without raising their prices.
So they go out of business, what's the problem?
For Religion & Health see:[/b][/size] Williams & Sternthal. (2007). Spirituality, religion and health: Evidence and research directions. Med. J. Aust., 186(10), S47-S50. -LINK
The WIN/Gallup End of Year Survey 2013 found the US was perceived to be the greatest threat to world peace by a huge margin, with 24% of respondents fearful of the US followed by: 8% for Pakistan, and 6% for China. This was followed by 5% each for: Afghanistan, Iran, Israel, North Korea. -LINK
"That's disgusting. There were clean athletes out there that have had their whole careers ruined by people like Lance Armstrong who just bended thoughts to fit their circumstances. He didn't look up cheating because he wanted to stop, he wanted to justify what he was doing and to keep that continuing on." - Nicole Cooke
Posts: 371
Threads: 0
Joined: December 7, 2014
Reputation:
6
RE: About minimum wage
October 10, 2016 at 7:25 pm
(October 10, 2016 at 12:56 pm)Rhythm Wrote: The margins being low means jack shit unless those margins are unavoidable and directly related to wages, -necessitating- an increase in price. It seems like there may be a non-insignificant amount of bullshit being peddled here as a distraction, part and parcel of minimum wage fear mongering. I don't even know what we're talking about until I can see the industry, specifically. I have already given a fairly detailed example. But you have to chosen to disregard it. So you can be a dick and call it bullshit all you want. But I know what I know about my industry. If you don't want to believe me, you don't have to. I lose zero sleep over what you believe.
Here is what I know. In trucking the two largest costs every year are fuel and wages. Which one is higher than the other changes over time, but each of them are far and away the highest percentage of operating costs in trucking every year. Here is what I also know. Competition in trucking is fierce which means margins are often extremely slim. No, not always slim in all cases. But more often than not, they are slim. Trucking as an industry has an extremely high turnover rate (75%-120%/yr) and an extremely hard time finding new hires.
And driver wages in many markets are currently in the range of the what is being proposed for the new minimum wage ($12-$15/hr). Where I live, trucking companies lose drivers to manufacturing jobs with similar pay all the time. That happens every day, right now.
And now we're talking about taking not just every minimum wage job, but every job that currently pays anything up to the $11/hr range and mandating that all of those jobs will have to pay very similar to what lots of local trucking gigs and many over the road trucking gigs currently pay.
To me, that adds up to higher wages for truck drivers. I know you disagree with that and you've given your reasons to support your opinion. To that I will only say I do not believe you understand the trucking industry nearly as well as you think you do.
And as I've said, if I have to raise wages by more than a buck or two (and I believe I would) I will most definitely have to raise the rates to my customers. And when trucking rates go up, the prices of lots of things go up.
You can believe me or don't. I could give a fuck. I know what I know and I know a $15/hr minimum wages equals higher prices for nearly everything.
Posts: 66325
Threads: 140
Joined: June 28, 2011
Reputation:
160
RE: About minimum wage
October 10, 2016 at 7:27 pm
(This post was last modified: October 10, 2016 at 7:35 pm by The Grand Nudger.)
What example? The example you denied -as- an example? The example you offered and then denied..as even being -about- the same thing?
Remind me, do you pay your drivers minimum wage, would you have to raise their pay.... or do you pay them -more- than even the increase no one is officially gunning for? At 15an hour, a hypothetical new minimum wage...do your 17 an hour employees abandon you? Why, wtf are you doing to them to make them jump ship.........?
If driver wages are right at the non-proposed new minimum (it's 12, not 15) then that's excellent, isn't it? Drivers are being paid an acceptable wage. What's the problem? If that's what they're already being paid, why would prices increase for their services...if companies were forced to pay them what they already do?
I am the Infantry. I am my country’s strength in war, her deterrent in peace. I am the heart of the fight… wherever, whenever. I carry America’s faith and honor against her enemies. I am the Queen of Battle. I am what my country expects me to be, the best trained Soldier in the world. In the race for victory, I am swift, determined, and courageous, armed with a fierce will to win. Never will I fail my country’s trust. Always I fight on…through the foe, to the objective, to triumph overall. If necessary, I will fight to my death. By my steadfast courage, I have won more than 200 years of freedom. I yield not to weakness, to hunger, to cowardice, to fatigue, to superior odds, For I am mentally tough, physically strong, and morally straight. I forsake not, my country, my mission, my comrades, my sacred duty. I am relentless. I am always there, now and forever. I AM THE INFANTRY! FOLLOW ME!
Posts: 371
Threads: 0
Joined: December 7, 2014
Reputation:
6
RE: About minimum wage
October 10, 2016 at 7:30 pm
Oh for fuck sake, read the post. I make it very clear what I pay and I make it very clear why I will have to increase that. Like I said, believe me or don't, I could give a fuck.
Posts: 66325
Threads: 140
Joined: June 28, 2011
Reputation:
160
RE: About minimum wage
October 10, 2016 at 7:38 pm
It's not an issue of believing you, the shit you've said doesn't add up. If I were to believe you...I would conclude that there isn't a problem..but you insist that there would be.........
I am the Infantry. I am my country’s strength in war, her deterrent in peace. I am the heart of the fight… wherever, whenever. I carry America’s faith and honor against her enemies. I am the Queen of Battle. I am what my country expects me to be, the best trained Soldier in the world. In the race for victory, I am swift, determined, and courageous, armed with a fierce will to win. Never will I fail my country’s trust. Always I fight on…through the foe, to the objective, to triumph overall. If necessary, I will fight to my death. By my steadfast courage, I have won more than 200 years of freedom. I yield not to weakness, to hunger, to cowardice, to fatigue, to superior odds, For I am mentally tough, physically strong, and morally straight. I forsake not, my country, my mission, my comrades, my sacred duty. I am relentless. I am always there, now and forever. I AM THE INFANTRY! FOLLOW ME!
Posts: 371
Threads: 0
Joined: December 7, 2014
Reputation:
6
RE: About minimum wage
October 11, 2016 at 6:23 am
It adds up just fine for me. If you If you refuse to see it, that's your problem not mine. Shrug.
|
