Minimum wage

[Que]

That. Wasn't. The. Point. I. Was. Responding. To. You. Dumbass.

Well at least you admit that you have no idea what's being discussed. That is progress.

Look up there at the top of the thread. Where it says minimum wage? That's what we're talking about: it doesn't apply to people that don't have any employees.

 

[Que]

It's really pathetic that you have to lie about Luk to feel better about yourself. Did that work? Are you feeling better? I might just indulge your bullshit to keep you from swinging from the shower rod.

You are worse than Sean. At least he remembers what lies he has told to inflate his stature.

 

[von_Bismarck]

Well at least you admit that you have no idea what's being discussed. That is progress.

Look up there at the top of the thread. Where it says minimum wage? That's what we're talking about: it doesn't apply to people that don't have any employees.

Still having trouble tracking a conversation? Can't let go of a narrative? Problems with context?

Probably all of the above. My condolences, Tweak.

 

[Que]

Still having trouble tracking a conversation? Can't let go of a narrative? Problems with context?

Probably all of the above. My condolences, Tweak.

Yes, you are having all of those problems.

 

[LukNotLuke]

You are worse than Sean. At least he remembers what lies he has told to inflate his stature.

Sleep it off, Tweak.

 

[Que]

Sleep it off, Tweak.

Gaslighting really is your favorite deflection isn't it? Everyone else is the problem. Everyone else uses drugs. Everyne else is crazy.

 

[LukNotLuke]

Gaslighting really is your favorite deflection isn't it? Everyone else is the problem. Everyone else uses drugs. Everyne else is crazy.

Gaslighting... Bwahahaha! Comedy gold, Jerry! I have no problems that are not easily addressed and dismissed so there's literally no reason to blame or imply anyone else is the problem.
Gaslighting!

 

[Que]

Admitting that you have a problem is the first step.

Yeah I'm sure that your problems are easily addressed. You can quit anytime, right? Right??

 

[Biggs_Darklighter]

You're way out of your paygrade here, Q-####. I am not happy unless we're upwards of 40+%. Under 35% would be a disaster but that's because I know what we're capable of and how to lead my team to get there. Fucking 10%? FUCKING TEN PERCENT?!1

10% is the average. 20 is considered the high end. There are exceptions based on product and so forth.
Grocery stores usually far less than 10. Like light years less. But again exceptions for things like water or soda, stuff like that.
Jewelry and furniture stores usually have way high profit margins into 50 and higher.

Anyway, he's right. 10 is the average overall.

That being said, small businesses are often different and require higher margins in the 40 to 50 range.
Context matters.

 

[Que]

He's also most likely talking gross profit on sales not net. If the net profit for that store after overhead employees power and everything else really was 40% somebody's going to open a store across the street and eat his lunch on pricing.

He's probably more or less right on his profitability targets that management sets for him.

 

[Biggs_Darklighter]

He's also most likely talking gross profit on sales not net. If the net profit for that store after overhead employees power and everything else really was 40% somebody's going to open a store across the street and eat his lunch on pricing.

He's probably more or less right on his profitability targets that management sets for him.

No because you're an idiot and are talking about large business profit margins not small business which requires higher to survive due to lower volume. But continue being stupid.

 

[moarBB]

I have not read thru the responses

But did read the link

Its says, New York and Washington were among the first to establish a $15 hourly rate, and their economies expanded with bigger boosts in personal income, job growth and consumer spending than the 21 states resisting anything above $7.25, according to data compiled by Bloomberg. Since 2015, the economies of the higher-minimum wage states are substantially more robust than the rest of the U.S. nowhere is there evidence that min wage INCREASES led to any of that!!!!!!!!

Then it goes on to say, Even after the Congressional Budget Office said this month that the House initiative would lift 1.3 million Americans out of poverty and give as many as 27 million workers a higher standard of living, Republicans seized on the CBO's prediction that 1.3 million people, or 0.8% of the labor force, would be relegated to unemployment.

So 1.3 million out of poverty and 1.3 million jobs lost


Reality is, MIN WAGE cause innovation, robotics taking over, and while SOME make more, the SOME are less then when they started....less WORKERS make more.....

 

[Que]

They need higher gross margins in order to hit a reasonable net profit. But they don't need higher profits. Everyone needs profit everyone wants as much profit as they can. There aren't any magic businesses out there that are making four times what a big business makes. Otherwise a big business would take over those and make four times as much money. There are no magic places that you can invest $100 and get $40

 

[moarBB]

MIN WAGE increases cause loses for those workers that get MIN WAGE

https://fee.org/articles/15-minimum-wage-laws-are-wiping-out-jobs-in-new-york-and-illinois/

 

[moarBB]

My idea?

Is to impose a SUPERTAX on useless non producing millionaires, and give it directly to min wage workers as an add on to the salary, this way no Mom n Pop will incur the cost but workers get more

and

Who will be taxed?

Movie "stars'
Music "stars"
YouTube "stars"
Sports "stars"
"Stars"

etc

Not one of them produce anything of value yet make tens of millions....TAX EM HIGH!

 

[SpeareChucker]

Over the years I've heard all kinds of prognostications, opinions and arguments from Ish, AJ and bb that raising the minimum wage would, without a doubt, just kill the economy. well it doesn't appear that is the case after all.

"...The politics of the minimum wage never seems to change much, with liberals presuming to speak on behalf of labor and conservatives on behalf of capital.

But what if sufficient context and perspective could show that the House measure, dubbed the “Raise the Wage Act” and inspired in 2012 by fast-food workers' Fight for $15 in New York City, could benefit capital and labor alike?

The federal minimum wage last went up in 2009, to $7.25 an hour.

Since then, 29 states have approved minimum wages above the federal level. California, New York and Washington were among the first to establish a $15 hourly rate, and their economies expanded with bigger boosts in personal income, job growth and consumer spending than the 21 states resisting anything above $7.25, according to data compiled by Bloomberg. Since 2015, the economies of the higher-minimum wage states are substantially more robust than the rest of the U.S..."

Hmmmmmmm........



https://finance.yahoo.com/news/states-high-minimum-wages-doing-090013265.html


Comshaw

The minimum wage is generally a lagging indicator of wage compensation, i.e., general inflation.

The statement regarding wages and robust is the fallacy of post hoc ergo propter hoc.

The minimum wage, as a lagging indicator is something for politicians to prove they are necessary in the minds of their voters, when in fact they are bringing up the rear. They have no idea what a national living wage is because of just how diverse the cost of living is fro region-to-regiona and city-to-city.

The most that can be said about a minimum wage, since it is designed to minimally invasive in the market is that it does not immediately eliminate jobs, but there is little or no way to prove that it has any effect other than a general retardation and closing down of future job creation. It is hard to successfully take on inexperience workers at experienced wages.

 

[BotanyBoy]

The minimum wage is generally a lagging indicator of wage compensation, i.e., general inflation.

The statement regarding wages and robust is the fallacy of post hoc ergo propter hoc.

The minimum wage, as a lagging indicator is something for politicians to prove they are necessary in the minds of their voters, when in fact they are bringing up the rear. They have no idea what a national living wage is because of just how diverse the cost of living is fro region-to-regiona and city-to-city.

That is certainly an issue, because 15/hr might make sense in LA and 20/hr in NYC, but could be devastating to a small city or tiny town economy in Montana or Oklahoma where the average rent for a shit hole in LA/NYC will buy you a fucking mansion on 40 acres.

Super simple, just let states deal with it as they already seem to be doing.

I really don't understand the control freak need to make 1 size fits all laws at the federal level for EVERYTHING.

 

[SpeareChucker]

It is a window into their thought process.

Every complex issue can be reduced to a simple bumper sticker...

 

[HisArpy]

Hey, dingbat, do you realize how many small businesses don't have any employees?

That. Wasn't. The. Point. I. Was. Responding. To. You. Dumbass.

Lol.

Yes it was.

 

[BotanyBoy]

It is a window into their thought process.

Every complex issue can be reduced to a simple bumper sticker...

Mmmmhmm.

 

[SpeareChucker]

v_B is referring to his lemonade stand.

Of course, he pays himself $15 an hour, even if mom has to chip in...

 

[LukNotLuke]

10% is the average. 20 is considered the high end. There are exceptions based on product and so forth.
Grocery stores usually far less than 10. Like light years less. But again exceptions for things like water or soda, stuff like that.
Jewelry and furniture stores usually have way high profit margins into 50 and higher.

Anyway, he's right. 10 is the average overall.

That being said, small businesses are often different and require higher margins in the 40 to 50 range.
Context matters.

10% is the average of a business that won't last long. There is no opportunity to reinvest in new equipment, higher-skilled employees, and training.

 

[LukNotLuke]

Lol.

Yes it was.

Way to bring your comprehension level to the forefront, Rapey.

 

[HisArpy]

Way to bring your comprehension level to the forefront, Rapey.

You know Luk, if you had a modicum of intelligence....













Never mind.

 

[LukNotLuke]

You know Luk, if you had a modicum of intelligence....
Never mind.

Luk has way more than a modicum of intelligence. You are just a Playground cheerleader for morons. It's really not a good look to just flail about, praising idiots who are usually wrong.