Cecilie1200
Diamond Member
I already pointed out how McDonald's will make up the difference, and that is a "slight' price increase on each of the thousands of items they sell a day. Bob can't do that.
Pricewise, Bob is already at a disadvantage with places like Home Depot, Lowes, and the internet. About 15 years ago one of our local hardware stores announced they were closing down. I spoke with the owner who placed the cause on a new Home Depot that opened up about ten miles away from his store. Lost for the future, he was questioning me about a career in trucking.
It was a wonderful store. Family owned and operated. They were even open all day Sunday.
At the time, I was making a delivery to a local company where I knew some of the workers from the area. One of them approached me about the closing of the hardware store, and how terrible it was. With that comment, I asked him "out of the last five times you purchased hardware, where did you go, to our local hardware store or Home Depot?" He bowed his head and said "Home Depot." I responded by saying "That's why he's closing up!"
So now Bob not only has to be competitive with super stores and the internet, he now has to deal with a huge minimum wage increase on top of that. How can he raise his prices anymore than he already has without putting himself out of business?
Thanks To The Fight For $15 Minimum Wage, Small Businesses Close And Employees Are Laid Off
Sorry to hear about Bob.
Home Depot, Costco, Walmart killed lots and lots of small businesses LOOOOOONG before MW increases even in the 80s.
So there’s no way you can blame MW Increases.
That’s the same happening overseas.
Walmart has helped more businesses than it ever hurt. Walmart is what's called an anchor store. Anchor stores draw people to a complex, and other vendors benefit by the amount of people the anchor store is attracting.
Even the contracts for those smaller stores are written around the anchor store. If the anchor store leaves, it allows the other stores to break their leases, because those smaller businesses know they can't be profitable on their own without the anchor.
True but that’s the nature of big business. That has nothing to do with with MW.
The same when I killed my competitors.
Do you realize that you'd have a better shot at pretending to be a business genius on the Internet if your posts weren't borderline illiterate? Seriously, I have a 10-year-old with better English skills.
You know as well as I do every single liberal on USMB is either a business owner, independently wealthy, or comfortably retried. Some claim to work from home.
Me? I'm the only truck driver here!
True. The cognitive dissonance from "I'm a wealthy retired successful business owner who uses grammar a 5th-grader would be embarrassed by" often makes my eyes cross.
I work for a living. I'm okay with that. I have no patience with modern notions that honest work is something to be ashamed of.