proud republican Loc: RED CALIFORNIA

JFlorio Loc: Seminole Florida

Just proves what we entrepreneurs already know. Most politicians, especially a career i***t one like Biden, has no clue how to run a business.

Kevyn

If you have a business plan that relies on taxpayers subsidies to keep your employees above water you have no business being in business. If you can’t pay employees a living wage give it up.

JFlorio Loc: Seminole Florida

O.K. lil guy. Just what is a living wage?

proud republican Loc: RED CALIFORNIA

Yes, I would like to know this too???

JFlorio Loc: Seminole Florida

He can’t answer cognitively. He’s not bright enough. Just a childish little bomb thrower.

American Vet

Nobody is forcing them to work...if they don't like what they are being paid, get a better job.

Strycker Loc: The middle of somewhere else.

So I can pay someone living in a trailer park less than someone in a large home because his cost of living, thus living wage, needs are lower?

JFlorio Loc: Seminole Florida

Progressive workers are pretty dumb business wise. They love phrases that sound good to them, yet have no idea what the real employ’s go through.

proud republican Loc: RED CALIFORNIA

They're getting a better job, sitting home eating bons-bons and getting paid for it...

Kevyn

Let me spell it out to you sister. What it takes to raise a family working a 40 hour week without relying on taxpayer subsidies.

Kevyn

I would rather have my tax dollars buy the bon bons than subsidize Walmart’s sub standard wages

JW

Most people, especially those who have never built a business, never seem able to grasp the simple idea that what a job pays is not a measure of the employee's worth but of the Job's worth.

What determines a job's worth is equally simple to grasp, if you bother. One person decides to open a store. He has to come up with the money to equip the store and he has to bear the cost of keeping the equipment working or replacing it. He has to pay for all of the inventory items he will stock. He is risking his assets and his future to take on the task. Some equipment he will be unable to secure except by leasing it so he must plan monthly expenditures for rent, leases, repairs, etc.

He must hire at least three people, one full time and two part time workers. He will do the management and the maintenance himself. He will plan the sales and the pricing. He will also be called upon to do and pay for any number of spontaneous tasks as they might suddenly appear necessary.

He will also be required to keep the operation financially viable for however long it takes to develop a reputation for good products and good prices.

Most of the repeating costs he cannot control. Rent, leased equipment, utilities, supplies and incidentals all must be paid every month whether he has any customers or not.

After doing all of the immediately necessary calculations, he arrives at a fixed minimum operating cost of $4,500.00 per month. Over and above those costs will come personnel. He looks at the prevailing wage for retail workers and decides to pay $10.00/hour and he will take the same for now. He hopes he will do much better down the road as the business prospers... if it prospers. Until it does, he must limit his full time worker to hours to 40 hours per week. One part timer for 20 hours per week and the other part timer to 20 hours on the week end. Adding the obligatory employment taxes to his draw and the wages he will pay, he can add about an additional 35% per dollar of wages paid. In reality, each employee, including himself, is costing him $13.50 per hour. That adds an additional $7,000 to fixed expenses, now, $11,500 per month. (Numbers are being rounded.)

His estimated average sale will be about $10.00 so he sees that his minimum clientele served must quickly get to 1150 buyers per month to break even. Operating 7 days per week, that means he must have at least 39 sales per day.

If he raises his wages paid to $15.00/hour, now $20.25 tax included, his fixed costs now approximate $15,000 per month.

He now must have minimally 1500 sales per month, 50 sales per day. He either has to increase his sales or his prices. There is only so much that can be done to raise sales and the market determines what prices goods can bring. He is between a rock and a hard place.

Wages constitute 70% of his fixed costs and he has minimal staff and does most of the work himself. He pays himself exactly what he pays his employees.

The amount of money an entrepreneur has to work with is determined by his ingenuity and the market place. There is a reason most businesses fail in the first five years.

Ingenuity, in this age of technology, means figuring out how to accomplish the task without hiring people. McDonalds restaurants, Taco Bell and many more are replacing counter help with electronic kiosks for ordering.

Entry level jobs are disappearing.

JW

How much is that in dollars and cents? What lifestyle can be had for what in your mind constitutes a living wage?

JW

Really? You would prefer that people were totally unproductive over contributing to society, however minimally?