Liberal Business Owner Says He Will Be Hurt By Minimum Wage Hike

[Mac1958]

For those who are questioning the math, he gets into detail in this interview:

Interview Retailer Brian HIbbs on the Minimum Wage and Surviving in San Francisco The Beat

And this is how he came up with the figure, it includes overhead costs and costs of goods sold:

The difference between today’s MW and 2018 is $3.95 /hour. $3.95 times 190 hours times fifty-two weeks a year equals just over $39,000 then we have to add about another $3,000 for the matching taxes that all employers pay for Social Security and Medicare, so that’s $42,000 more that staff will cost. (not counting the new-this-year California mandated minimum Sick Days, either!)

However, in order to make forty-two thousand dollars, this means I have to sell roughly eighty-four thousand dollars worth of merchandise because the Cost of Goods Sold is (very roughly) half of the income — no one is keeping $3.99 from a $3.99 comic book!

I rounded down for ease of communication, but I probably just as easily could have rounded up to $90k because of the various overhead costs that have to be dealt with (shipping, primarily, but there are always other marginal costs that begin to add up quick)

FYI...

.

 

[NYcarbineer]

You want a raise, you increase your worth, dear]

That ended in 1975:

 

[NYcarbineer]

For those who are questioning the math, he gets into detail in this interview:

Interview Retailer Brian HIbbs on the Minimum Wage and Surviving in San Francisco The Beat

And this is how he came up with the figure, it includes overhead costs and costs of goods sold:

The difference between today’s MW and 2018 is $3.95 /hour. $3.95 times 190 hours times fifty-two weeks a year equals just over $39,000 then we have to add about another $3,000 for the matching taxes that all employers pay for Social Security and Medicare, so that’s $42,000 more that staff will cost. (not counting the new-this-year California mandated minimum Sick Days, either!)

However, in order to make forty-two thousand dollars, this means I have to sell roughly eighty-four thousand dollars worth of merchandise because the Cost of Goods Sold is (very roughly) half of the income — no one is keeping $3.99 from a $3.99 comic book!

I rounded down for ease of communication, but I probably just as easily could have rounded up to $90k because of the various overhead costs that have to be dealt with (shipping, primarily, but there are always other marginal costs that begin to add up quick)

FYI...

.

Is he assuming the cost of comics won't rise?

 

[Wyatt earp]

I can't count on both hands I Quit fucking jobs and they tried to get me back

You are dealing with me that has skills and wisdom ,companies want me..they always do

Btw, please amuse me what was Profession are you?

So please remind me again what are you?

Speak English. For the sake of the baby Jesus, please speak English.

LMAO. Bear, speak English??? Not hardly. If he (bear) spoke English, think of all the laughs you would miss.

What would be more funny zekey if you got that Union job you so wanted

To bad bitch a girl took it

 

[rightwinger]

What does this guy sell exactly?

Marvel Phasing out Retail Comic Distribution to Focus on Digital



Marvel Phasing out Retail Comic Distribution to Focus on Digital

I don't see how he could be going out of business with such a lucrative career.

 

[LoneLaugher]

I love that this guy has become a RW hero.

Mac's ( NOT a RW'er) list of superstars:

-The woman who wrote an article about narcissistic kids.
-The frugal 17 year Wal-Mart staffers with huge retirement portfolios.
-The lib comic book guy.

 

[LoneLaugher]

I can't count on both hands I Quit fucking jobs and they tried to get me back

You are dealing with me that has skills and wisdom ,companies want me..they always do

Btw, please amuse me what was Profession are you?

So please remind me again what are you?

Speak English. For the sake of the baby Jesus, please speak English.

LMAO. Bear, speak English??? Not hardly. If he (bear) spoke English, think of all the laughs you would miss.

What would be more funny zekey if you got that Union job you so wanted

To bad bitch a girl took it

You did it again! You are such an awesome communicator!

 

[Wyatt earp]

You want a raise, you increase your worth, dear]

That ended in 1975:

Excuse me? Little kids today is becoming millionaires With and

40 Young People Who Became Millionaires Before They Were 20 Inc.com

 

[Mac1958]

For those who are questioning the math, he gets into detail in this interview:

Interview Retailer Brian HIbbs on the Minimum Wage and Surviving in San Francisco The Beat

And this is how he came up with the figure, it includes overhead costs and costs of goods sold:

The difference between today’s MW and 2018 is $3.95 /hour. $3.95 times 190 hours times fifty-two weeks a year equals just over $39,000 then we have to add about another $3,000 for the matching taxes that all employers pay for Social Security and Medicare, so that’s $42,000 more that staff will cost. (not counting the new-this-year California mandated minimum Sick Days, either!)

However, in order to make forty-two thousand dollars, this means I have to sell roughly eighty-four thousand dollars worth of merchandise because the Cost of Goods Sold is (very roughly) half of the income — no one is keeping $3.99 from a $3.99 comic book!

I rounded down for ease of communication, but I probably just as easily could have rounded up to $90k because of the various overhead costs that have to be dealt with (shipping, primarily, but there are always other marginal costs that begin to add up quick)

FYI...

.

Is he assuming the cost of comics won't rise?

Not that I saw.

I'd question his net addition of retail vs. wholesale price of the comic books. Perhaps he looks at that as opportunity cost, which would make more sense, I guess.

.

 

[NYcarbineer]

For those who are questioning the math, he gets into detail in this interview:

Interview Retailer Brian HIbbs on the Minimum Wage and Surviving in San Francisco The Beat

And this is how he came up with the figure, it includes overhead costs and costs of goods sold:

The difference between today’s MW and 2018 is $3.95 /hour. $3.95 times 190 hours times fifty-two weeks a year equals just over $39,000 then we have to add about another $3,000 for the matching taxes that all employers pay for Social Security and Medicare, so that’s $42,000 more that staff will cost. (not counting the new-this-year California mandated minimum Sick Days, either!)

However, in order to make forty-two thousand dollars, this means I have to sell roughly eighty-four thousand dollars worth of merchandise because the Cost of Goods Sold is (very roughly) half of the income — no one is keeping $3.99 from a $3.99 comic book!

I rounded down for ease of communication, but I probably just as easily could have rounded up to $90k because of the various overhead costs that have to be dealt with (shipping, primarily, but there are always other marginal costs that begin to add up quick)

FYI...

.

Is he assuming the cost of comics won't rise?

Not that I saw.

I'd question his net addition of retail vs. wholesale price of the comic books. Perhaps he looks at that as opportunity cost, which would make more sense, I guess.

.

He's in a dying business. The minimum wage won't save him.

 

[NYcarbineer]

You want a raise, you increase your worth, dear]

That ended in 1975:

Excuse me? Little kids today is becoming millionaires With and

40 Young People Who Became Millionaires Before They Were 20 Inc.com

Your post has nothing to do with mine.

 

[rightwinger]

For those who are questioning the math, he gets into detail in this interview:

Interview Retailer Brian HIbbs on the Minimum Wage and Surviving in San Francisco The Beat

And this is how he came up with the figure, it includes overhead costs and costs of goods sold:

The difference between today’s MW and 2018 is $3.95 /hour. $3.95 times 190 hours times fifty-two weeks a year equals just over $39,000 then we have to add about another $3,000 for the matching taxes that all employers pay for Social Security and Medicare, so that’s $42,000 more that staff will cost. (not counting the new-this-year California mandated minimum Sick Days, either!)

However, in order to make forty-two thousand dollars, this means I have to sell roughly eighty-four thousand dollars worth of merchandise because the Cost of Goods Sold is (very roughly) half of the income — no one is keeping $3.99 from a $3.99 comic book!

I rounded down for ease of communication, but I probably just as easily could have rounded up to $90k because of the various overhead costs that have to be dealt with (shipping, primarily, but there are always other marginal costs that begin to add up quick)

FYI...

.

Is he assuming the cost of comics won't rise?

The price of comics has crashed

 

[LoneLaugher]

I can't count on both hands I Quit fucking jobs and they tried to get me back

You are dealing with me that has skills and wisdom ,companies want me..they always do

Btw, please amuse me what was Profession are you?

So please remind me again what are you?

Speak English. For the sake of the baby Jesus, please speak English.

LMAO. Bear, speak English??? Not hardly. If he (bear) spoke English, think of all the laughs you would miss.

What would be more funny zekey if you got that Union job you so wanted

To bad bitch a girl took it

You did it again! You are such an awesome communicator!

And the USMB liberal snob quotes my post once again acting like this is a board meeting of the United Nations

Hey freak don't you have to go back to your lemonade stand ? Or post more kiddy porn online?

Say what? What did you just say?

 

[NYcarbineer]

What does this guy sell exactly?

Marvel Phasing out Retail Comic Distribution to Focus on Digital



Marvel Phasing out Retail Comic Distribution to Focus on Digital

I don't see how he could be going out of business with such a lucrative career.

He should dump his staff and hire ex-cons. He could probably get a government subsidy.

 

[NYcarbineer]

For those who are questioning the math, he gets into detail in this interview:

Interview Retailer Brian HIbbs on the Minimum Wage and Surviving in San Francisco The Beat

And this is how he came up with the figure, it includes overhead costs and costs of goods sold:

The difference between today’s MW and 2018 is $3.95 /hour. $3.95 times 190 hours times fifty-two weeks a year equals just over $39,000 then we have to add about another $3,000 for the matching taxes that all employers pay for Social Security and Medicare, so that’s $42,000 more that staff will cost. (not counting the new-this-year California mandated minimum Sick Days, either!)

However, in order to make forty-two thousand dollars, this means I have to sell roughly eighty-four thousand dollars worth of merchandise because the Cost of Goods Sold is (very roughly) half of the income — no one is keeping $3.99 from a $3.99 comic book!

I rounded down for ease of communication, but I probably just as easily could have rounded up to $90k because of the various overhead costs that have to be dealt with (shipping, primarily, but there are always other marginal costs that begin to add up quick)

FYI...

.

Is he assuming the cost of comics won't rise?

The price of comics has crashed

Bummer. Maybe he could add a VCR section to his store.

 

[rightwinger]

For those who are questioning the math, he gets into detail in this interview:

Interview Retailer Brian HIbbs on the Minimum Wage and Surviving in San Francisco The Beat

And this is how he came up with the figure, it includes overhead costs and costs of goods sold:

The difference between today’s MW and 2018 is $3.95 /hour. $3.95 times 190 hours times fifty-two weeks a year equals just over $39,000 then we have to add about another $3,000 for the matching taxes that all employers pay for Social Security and Medicare, so that’s $42,000 more that staff will cost. (not counting the new-this-year California mandated minimum Sick Days, either!)

However, in order to make forty-two thousand dollars, this means I have to sell roughly eighty-four thousand dollars worth of merchandise because the Cost of Goods Sold is (very roughly) half of the income — no one is keeping $3.99 from a $3.99 comic book!

I rounded down for ease of communication, but I probably just as easily could have rounded up to $90k because of the various overhead costs that have to be dealt with (shipping, primarily, but there are always other marginal costs that begin to add up quick)

FYI...

.

Is he assuming the cost of comics won't rise?

Not that I saw.

I'd question his net addition of retail vs. wholesale price of the comic books. Perhaps he looks at that as opportunity cost, which would make more sense, I guess.

.

He's in a dying business. The minimum wage won't save him.

Like most comic book guys, he needs to close his store and sell his comics on eBay from his moms basement

 

[LoneLaugher]

You want a raise, you increase your worth, dear]

That ended in 1975:

Excuse me? Little kids today is becoming millionaires With and

40 Young People Who Became Millionaires Before They Were 20 Inc.com

Another one! You are killing it.

 

[Wyatt earp]

You want a raise, you increase your worth, dear]

That ended in 1975:

Excuse me? Little kids today is becoming millionaires With and

40 Young People Who Became Millionaires Before They Were 20 Inc.com

Your post has nothing to do with mine.

Yes it does, you want to make money you can, you want to sit around and play X box all day you can not.

What is so hard about it? You seem comfortable in your lifestyle so am I but:

You think people will live better with a higher MW, what you can not figure out it is just a number
That's all it is , they still poor, never get anywhere with Government Artificially raising across the board Nationally

 

[NYcarbineer]

For those who are questioning the math, he gets into detail in this interview:

Interview Retailer Brian HIbbs on the Minimum Wage and Surviving in San Francisco The Beat

And this is how he came up with the figure, it includes overhead costs and costs of goods sold:

The difference between today’s MW and 2018 is $3.95 /hour. $3.95 times 190 hours times fifty-two weeks a year equals just over $39,000 then we have to add about another $3,000 for the matching taxes that all employers pay for Social Security and Medicare, so that’s $42,000 more that staff will cost. (not counting the new-this-year California mandated minimum Sick Days, either!)

However, in order to make forty-two thousand dollars, this means I have to sell roughly eighty-four thousand dollars worth of merchandise because the Cost of Goods Sold is (very roughly) half of the income — no one is keeping $3.99 from a $3.99 comic book!

I rounded down for ease of communication, but I probably just as easily could have rounded up to $90k because of the various overhead costs that have to be dealt with (shipping, primarily, but there are always other marginal costs that begin to add up quick)

FYI...

.

Is he assuming the cost of comics won't rise?

Not that I saw.

I'd question his net addition of retail vs. wholesale price of the comic books. Perhaps he looks at that as opportunity cost, which would make more sense, I guess.

.

He's in a dying business. The minimum wage won't save him.

Like most comic book guys, he needs to close his store and sell his comics on eBay from his moms basement

Then he'd be doing what Dick Cheney once said wasn't getting counted properly as a job:

"Indicators measure the nation’s unemployment rate, consumer spending and other economic milestones, but Vice President Dick Cheney says it misses the hundreds of thousands who make money selling on eBay. “That’s a source that didn’t even exist 10 years ago,” Cheney told an audience in Ohio. “Four hundred thousand people make some money trading on eBay.”

An oldie but goodie from 2004.

Dick Cheney on Employment

The Republican view of unemployment numbers was quite different back when they were in power, wasn't it.

lol

 

[NYcarbineer]

You want a raise, you increase your worth, dear]

That ended in 1975:

Excuse me? Little kids today is becoming millionaires With and

40 Young People Who Became Millionaires Before They Were 20 Inc.com

Your post has nothing to do with mine.

Yes it does, you want to make money you can, you want to sit around and play X box all day you can not.

What is so hard about it? You seem comfortable in your lifestyle so am I but:

You think people will live better with a higher MW, what you can not figure out it is just a number
That's all it is , they still poor, never get anywhere with Government Artificially raising across the board Nationally

Try to focus. The productivity of the American worker has steadily increased for the last 70 years, as proven by that chart.

Wages stopped reflecting that increase in productivity 40 years ago.

Get it now?