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Yes...and if they took home less profit, then they ate the increased labor costs. No business is going to do that. And a corporation can't do that. A decrease in profits means a decrease in stock value. Which means the shareholders instruct the board of directors to fire the CEO.I am talking about taking home less profit which means the company is making money after labor costs and all other casts..
IM2 - appropriate screen name. You post like you are 2. You understand economics like you are 2.
The business owner can decide to take home less of the profits also.
I have run a business, I know that I can pay my employees more and take less of the profit home
Clearly you don't understand shit. If you bring home $100,000 per month, you'll make roughly $420,000 for the year after the government takes 65% of what you brought home in the form of federal income tax, state income tax, local income tax, property tax, sales tax, gas tax, and more.I understand that if I take home 100,000 in profits each month then I will be a millionaire for the year.
IM2 - appropriate screen name. You post like you are 2. You understand economics like you are 2.
I understand that if I take home 100,000 in profits each month then I will be a millionaire for the year. If I take home 20.000 less per month because I pay employees 15.00 per hour then I still make 980,000 for that year and I am not hurting.
By the way snowflake, please explain to the class what small business owner is bringing home $100,000 per month (or $1.2 million per year).I understand that if I take home 100,000 in profits each month then I will be a millionaire for the year. If I take home 20.000 less per month because I pay employees 15.00 per hour then I still make 980,000 for that year and I am not hurting.
IM2 - appropriate screen name. You post like you are 2. You understand economics like you are 2.
I understand that if I take home 100,000 in profits each month then I will be a millionaire for the year. If I take home 20.000 less per month because I pay employees 15.00 per hour then I still make 980,000 for that year and I am not hurting.
Yeah...and it means they made less money because they ate the labor costs. Something they are not going to do. Ever.And if the business owner takes home less of the profits, that means they ate the labor costs.In post #4029, I said:
Dimwit here proved me right not once, but twice:Businesses do not eat cost. Like all left-wing nitwits, you think they will be stuck with the bill when you increase minimum wage. But that's not how it works.
In post #4032
And again in post #4035The business owner can decide to take home less of the profits also.
The left actually believes that a business will eat labor costs.I have run a business, I know that I can pay my employees more and take less of the profit home
While I do laugh my ass off at such stupidity, it is tragic in that they keep making detrimental policy based on that absurd and idiotic belief.
No it means the business owner will take home less of the profits.
How stupid are you exactly? I feel like I'm talking to a 7th grader right now.
No it means they made money after all the costs incurred idiot.
You are just too young to be discussing this stuff, son. Go play some video games or something and come back in about 10 years. Ok?
Walmart is a publicly traded company, you moron. If they they eat a 100% increase in their labor costs, their stock prices will plummet. Their shareholders will insist that the board of directors fire the CEO.Thus beginneth the lesson.
Last year Walt Mart made 123 billion dollars after all costs .Could the Walton family live on 50 billion after paying workers 15 dollars per hour? Would they really need to raise their prices if they are making 400 plus billion dollars in total sales?
No.
At they eating any costs if they go home with a 50 billion dollar profit instead of 123 billion?
No.
Thus endeth the lesson.
Yes, dumb ass! In that scenario, they are eating $73 billion in labor costs. We all knew that basic business and basic economics escaped you. Apparently basic math does as well.At they eating any costs if they go home with a 50 billion dollar profit instead of 123 billion?
This poor dimwit thinks that the Walton family owns Walmart...Last year Walt Mart made 123 billion dollars after all costs .Could the Walton family live on 50 billion after paying workers 15 dollars per hour? Would they really need to raise their prices if they are making 400 plus billion dollars in total sales?
Just how wealthy is the Wal-Mart Walton family?So, Wal-Mart is not family owned, but rather owned by its stockholders
He had to bailout the rich, not blacks.Wait...why are black families struggling? I thought Barack Insane Obama was going to solve that? I thought all of his unconstitutional orders and legislation from the Dumbocrats was going to solve all of the struggles?Where are all their initiatives to help struggling black families?
I thought Obamacare would cover the cost of healthcare so those families wouldn't struggle anymore? Oops... Looks like someone's hate for the Republicans caused them to accidentally admit what a monumental failure Barack Insane Obama, Nancy Pelosi, and Harry Ried were.
End our drug war, right wingers; or, national thong day for right wing women!What is the right-wing repealing? Oh yeah...just things that the federal government has absolutely no constitutional powers over.Interesting spin; when it is the right wing that has, nothing but repeal.
Just a suggestion - you might want to actually think before posting in the future.
.Thus beginneth the lesson.
Last year Walt Mart made 123 billion dollars after all costs .Could the Walton family live on 50 billion after paying workers 15 dollars per hour? Would they really need to raise their prices if they are making 400 plus billion dollars in total sales?
No.
At they eating any costs if they go home with a 50 billion dollar profit instead of 123 billion?
No.
Thus endeth the lesson.
By the way snowflake, please explain to the class what small business owner is bringing home $100,000 per month (or $1.2 million per year).I understand that if I take home 100,000 in profits each month then I will be a millionaire for the year. If I take home 20.000 less per month because I pay employees 15.00 per hour then I still make 980,000 for that year and I am not hurting.
I know you don't understand this because you're in high school - but each McDonald's restaurant is not run by the corporation. They are run by small businesses owners who purchased a franchise from the corporation. Do you know what the average franchise owner brings home? Of course you don't - you're still in high school. The answer is between $100,000 - $200,000 per year. Not per month, dimwit. Per year. Do you know what a measly $100,000 is after all taxes? You're walking away with roughly $40,000 - $45,000 a year to live off of. No remind me again why I'm going to take a $20,000 cut on my $40,000 so my burger flipper can double their salary? Idiot.
.Thus beginneth the lesson.
Last year Walt Mart made 123 billion dollars after all costs .Could the Walton family live on 50 billion after paying workers 15 dollars per hour? Would they really need to raise their prices if they are making 400 plus billion dollars in total sales?
No.
At they eating any costs if they go home with a 50 billion dollar profit instead of 123 billion?
No.
Thus endeth the lesson.
Lesson...Walmart is a terrible example for your purposes. You should have used Apple.
Bwahahaha! Yeah - they tried that with Obamacare snowflake. How did that work out?Your ignorance in this matter is shown when you don't understand that this cab be done by raising the amount of money a business must make before they pay this wage
Yeah...that's called discrimination, genius. Why should a failure in life get paid more for doing the exact same job just because they are older?!?and they can also provide age requirements for paying this wage.
No it wasn't. You got humiliated on your idiotic Walmart example.Wal Mart was good enough.
