Minimum wage

[FGB]

The federal government has no business or authority to establish a Minimum Wage to begin with and ought to stay out of the private economy. If two people in a free society enter into an economic agreement that both parties are happy with and no laws are broken, what business does the government have in intervening?

I eighty percent agree with you.

The other twenty percent that disagrees would like to tell you that some people
would pay their employees far less money if they had them in a bind as many are this day and time.

No, as much as I agree with you we have to have a minimum wage for the good of the country as a whole.

BUT.
We have to be reasonable about it!
It has to be a positive thing.

 

[Ramone45]

I don't trust any politician to be involved in any way with private enterprise. The have zero expertise on the subject. Take Bernie Sanders. It's amazing that you could wind up as old as dirt in the USA having never earned a paycheck in his life. And he's going to tell us how to do business? GTFOH! How about this. Instead of you nincompoops telling me how much to pay my workers, let me tell you to reduce taxes and fees and regulations and your obscene inefficiency and waste, and focus on putting more money in EVERBODY's pockets? I trust the people way more than I trust you.

 

[Rightguide]

I eighty percent agree with you.

The other twenty percent that disagrees would like to tell you that some people
would pay their employees far less money if they had them in a bind as many are this day and time.

No, as much as I agree with you we have to have a minimum wage for the good of the country as a whole.

BUT.
We have to be reasonable about it!
It has to be a positive thing.

How did we get all the way to to 1938 without it? Truth is people can quit their jobs and put themselves up for sale to other more benevolent business owners if wronged by another, but I respect your opinion and your right to state it. The alleged "minimum Wage" has now morphed into proposals for a "living wage' which is simply more communist control over our once great private economy. As we speak there is very little private control over any aspect of the "private" sector economy, every business decision must conform to state dicta. Government interventionist policy now controls all of the means of production.

 

[CandiCame]

I'm in WA. People are worse off with the higher wage. Many of them got their hours cut so they were not making as much money. Some small businesses were forced to close or be run by the owner alone which means they have to close their shop when they have to leave and go do something. Or... They have a spouse or family member who does not draw a salary fill in as needed.

Small businesses are exempt from minimum wage laws. That's why so many of them can just use their own kids for slave labor and whatnot. I'd have to look at it to see what moves it from a "small" to "medium" business, but that's not a thing, this idea that small businesses would be affected.

Unless you mean that people left to get a job which would pay them more, in which case... yeah? Pay your employees?

 

[Que]

Small businesses are exempt from minimum wage laws. That's why so many of them can just use their own kids for slave labor and whatnot. I'd have to look at it to see what moves it from a "small" to "medium" business, but that's not a thing, this idea that small businesses would be affected.

Unless you mean that people left to get a job which would pay them more, in which case... yeah? Pay your employees?

Almost no business is exempt.

"if they are enterprises consisting of two or more employees and making $500,000 or more in annual sales. Or they could be individuals doing any form of business that the Department of Labor (DOL) defines as "interstate commerce."

That is sales.

Not profits.

If you got a 10% net profit on 500,000 in sales you are a 50k/yr profit business.

 

[CandiCame]

No they aren't.

"if they are enterprises consisting of two or more employees and making $500,000 or more in annual sales. Or they could be individuals doing any form of business that the Department of Labor (DOL) defines as "interstate commerce."

Yes, honey, they are. They don't even have to do payroll.

I looked it up, and it's $500K, that's the cutoff I was talking about.

Under federal law, an employer doesn't have to pay the minimum wage to a worker if the company's annual gross sales are less than $500,000, in some cases even less depending on what your business is.

Jesus Lord in heaven learn how to google.

https://smallbusiness.chron.com/businesses-make-less-500000-year-subject-labor-laws-59493.html

 

[CandiCame]

Almost no business is exempt.

"if they are enterprises consisting of two or more employees and making $500,000 or more in annual sales. Or they could be individuals doing any form of business that the Department of Labor (DOL) defines as "interstate commerce."

That is sales.

Not profits.

If you got a 10% net profit on 500,000 in sales you are a 50k/yr profit business.

See! You can google!

Edit: Also this is not 'almost nobody' it's almost every small business. 2/3 net less than $25K. $500K in sales is a lot.

https://quickbooks.intuit.com/r/money/how-does-your-revenue-stack-up-to-other-small-businesses/

The vast majority of small businesses are exempt from minimum wage laws and it's a well known fact. This is like you trying to argue that water doesn't get stuff wet. Stop. You'll embarrass yourself.

Also I'm not gonna respond to it. I've made a vow not to just waste heaps of time on bullshit anymore.

 

[Que]

Yes, honey, they are. They don't even have to do payroll.

I looked it up, and it's $500K, that's the cutoff I was talking about.

Under federal law, an employer doesn't have to pay the minimum wage to a worker if the company's annual gross sales are less than $500,000, in some cases even less depending on what your business is.

Jesus Lord in heaven learn how to google.

https://smallbusiness.chron.com/businesses-make-less-500000-year-subject-labor-laws-59493.html

I did. Learn how to read a post.

Just the average McDonalds does 2.4 million in sales. Very few businesses can survive without taking in $1,500 a day. I'm quite sure that all of the businesses she's talking about especially in a High Cost of Living place with very high real estate and land costs and the like are taking in $1,500 a day or they're out of business.

Nobody in Seattle is running a roadside roasted corn stand. You can't even cover a payroll of 5 employees at a time for 12 hours at $10 an hour with $600 by the time you pay accounting costs and payroll taxes.

I assume the small business isn't done in the dark so there's a lighting Bill maybe gas? Rent or mortgage? Equipment leasing? Licensing fees? Product? Trash removal?

Who do you know that starts a small business in hopes to have gross sales of less than $500,000?

 

[Que]

See! You can google!

Edit: Also this is not 'almost nobody' it's almost every small business. 2/3 net less than $25K. $500K in sales is a lot.

https://quickbooks.intuit.com/r/money/how-does-your-revenue-stack-up-to-other-small-businesses/

The vast majority of small businesses are exempt from minimum wage laws and it's a well known fact. This is like you trying to argue that water doesn't get stuff wet. Stop. You'll embarrass yourself.

Also I'm not gonna respond to it. I've made a vow not to just waste heaps of time on bullshit anymore.

Apparently they didn't teach you the difference between net and gross did they?

 

[CandiCame]

I did. Learn how to read a post.

Just the average McDonalds does 2.4 million in sales. Very few businesses can survive without taking in $1,500 a day. I'm quite sure that all of the businesses she's talking about especially in a High Cost of Living place with very high real estate and land costs and the like are taking in $1,500 a day or they're out of business.

Nobody in Seattle is running a roadside roasted corn stand. You can't even cover a payroll of 5 employees at a time for 12 hours at $10 an hour with $600 by the time you pay accounting costs and payroll taxes.

I assume the small business isn't done in the dark so there's a lighting Bill maybe gas? Rent or mortgage? Equipment leasing? Licensing fees? Product? Trash removal?

Who do you know that starts a small business in hopes to have gross sales of less than $500,000?

Apparently they didn't teach you the difference between net and gross did they?

Again, nearly all of them, darlin. Half a million dollars in gross sales is extremely rare. Remember that the VAST majority of small businesses don't make it. Because of that. Because they can't cover expenses.

And... of course there are food trucks and food stands and whatnot in Seattle. What are you talking about?

Like... Jesus Christ.

 

[Que]

Again, nearly all of them, darlin. Half a million dollars in gross sales is extremely rare. Remember that the VAST majority of small businesses don't make it. Because of that. Because they can't cover expenses.

And... of course there are food trucks and food stands and whatnot in Seattle. What are you talking about?

Like... Jesus Christ.

That isn't what you said you were talking about net profit.. which has absolutely nothing to do with being exempt from having to pay minimum wage.

. And I'm calling b******* because most small businesses are aiming for sales in that range because most small businesses need that to survive. It depends on what sort of margins were talking about are usually pretty happy with a 10% profit on the cost of goods sold.

So as I've said if you're making 10% on $500,000 you're only taking home $50,000 for having all the headaches of dealing with a shity accountant such as yourself that they would need in order to have a small business.

But we're getting pretty far afield here let's talk about your b******* that you're saying that all those business owners that reported that they had to go out of business because the minimum wage hike we're just too stupid to know they didn't have to pay minimum wage. Which is stupid because there likely aren't any businesses in Seattle with gross sales of less than half a million dollars.

 

[LukNotLuke]

. And I'm calling b******* because most small businesses are aiming for sales in that range because most small businesses need that to survive. It depends on what sort of margins were talking about are usually pretty happy with a 10% profit on the cost of goods sold

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

 

[von_Bismarck]

I did. Learn how to read a post.

Just the average McDonalds does 2.4 million in sales. Very few businesses can survive without taking in $1,500 a day. I'm quite sure that all of the businesses she's talking about especially in a High Cost of Living place with very high real estate and land costs and the like are taking in $1,500 a day or they're out of business.

Nobody in Seattle is running a roadside roasted corn stand. You can't even cover a payroll of 5 employees at a time for 12 hours at $10 an hour with $600 by the time you pay accounting costs and payroll taxes.

I assume the small business isn't done in the dark so there's a lighting Bill maybe gas? Rent or mortgage? Equipment leasing? Licensing fees? Product? Trash removal?

Who do you know that starts a small business in hopes to have gross sales of less than $500,000?

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

 

[Que]

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

Hey dingbat do you realize that small businesses that don't have any employees are also small businesses that have less than two employees and wouldn't be the subject of anything we're talking about which is having to pay employees. Try to keep up with the rest of the class.

I'm pretty sure that when she talked about small businesses going out of business in Seattle because of the rise of minimum wage it wasn't because they had to pay their employees more when they don't have any.

 

[von_Bismarck]

Hey dingbat do you realize that small businesses that don't have any employees are also small businesses that have less than two iemployees and wouldn't be the subject of anything we're talking about which is having to pay employees. Try to keep up with the rest of the class.

I'm pretty sure that when she talked about small businesses going out of business in Seattle because of the rise of minimum wage it wasn't because they had to pay their employees more when they don't have any.

We're talking about gross sales less than $500,000, dingbat. You seem to be under some delusion about what proportion of small businesses bring in what revenue. Then you made some bizarre claim about what person would start a business with the hope of earning less than 500K. Many people would. Not everyone has the kind of overhead you're talking about.

 

[Que]

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

Kinko's is a special category. You sell blank paper and toner. Not true in restaurants, definitely not true in retail.

"My team."

Ahahaha.

You remember we had a couple of months ago you were still pretending to be an entrepreneur?

"Management!"

Wearing the manager name tag at a single location doesn't make you management. It just means they don't have to pay you overtime.

 

[Shadwell41]

10%?!?!


Mark-up or margin, you’re gonna be tits-up before you know it.



This certainly helps one understand how Lit’s verbose jack of all trades but master at none is in the dire financial pickle he’s in.





How’s that saying go.... Those that can do, those that can’t create voice-to-text missives on message boards about it.

 

[Que]

We're talking about gross sales less than $500,000, dingbat. You seem to be under some delusion about what proportion of small businesses bring in what revenue. Then you made some bizarre claim about what person would start a business with the hope of earning less than 500K. Many people would. Not everyone has the kind of overhead you're talking about.

People. That. Have. Employees. And. The. Associated. Headaches. That. Employees. Bring. Including. PAYROLL. Do.

Which is exactly what we're talking about. We aren't talking about sole proprietorships.

We are talking about specifically small businesses that could possibly be impacted by minimum wage. Which one dude with a single track a pool skimmer iland a bucket of chlorine tabs would not.

 

[Que]

10%?!?!


Mark-up or margin, you’re gonna be tits-up before you know it.



This certainly helps one understand how Lit’s verbose jack of all trades but master at none is in the dire financial pickle he’s in.





How’s that saying go.... Those that can do, those that can’t create voice-to-text missives on message boards about it.

And you would be?

 

[Shadwell41]

At this moment, laughing at you.

 

[Que]

At this moment, laughing at you.

. . .and we would know you from?

 

[LukNotLuke]

Kinko's is a special category. You sell blank paper and toner. Not true in restaurants, definitely not true in retail.

"My team."

Ahahaha.

You remember we had a couple of months ago you were still pretending to be an entrepreneur?

"Management!"

Wearing the manager name tag at a single location doesn't make you management. It just means they don't have to pay you overtime.

No, you're lying again, Tweak.

You listened to the lying cunt because

Even I was "only" those things, I still wouldn't hire you to be my driver. One of my rules is the employee has reliable transportation.

 

[Que]

No, you're lying again, Tweak.

You listened to the lying cunt because

Even I was "only" those things, I still wouldn't hire you to be my driver. One of my rules is the employee has reliable transportation.

You don't have "my" rules, you have a corporate handbook.

Why would I need reliable transportation?...don't you remember when you were bragging about having bought a fleet of kia souls for "your " employees?

..and your corporate website is not a "lying cunt"

 

[von_Bismarck]

People. That. Have. Employees. And. The. Associated. Headaches. That. Employees. Bring. Including. PAYROLL. Do.

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

 

[LukNotLuke]

You don't have "my" rules, you have a corporate handbook.

Why would I need reliable transportation?...don't you remember when you were bragging about having bought a fleet of kia souls for "your " employees?

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.