Does AOC know $15 minimum wage in states like Mississippi will put people out of work?

[healthmyths]

The major lack of understanding by $15 national minimum wage supporters is the employer is actually going to be paying MORE than the $15.00/hr. wage.

Most people don't realize an employer MATCHES employee's Social Security/Medicare payments...i.e. each pays 6.2% of total wages.

So for example a McDonalds with 15 minimum wage employees working 40 hours per week will cost the employer $241,800 more per year PLUS nearly $15,000 in additional SS/Medicare payments or nearly $256,000 more per year.

Now again... look at typical franchise operating expenses.

If the NET operating income BEFORE the $15 minimum wage was $153,900..
IT would be operating at a loss of $102,100!

Think the McDonald's franchise owner would:
A) consider letting some of the full time workers go?
B) replace them with robots?
C) Definitely raise the prices!
D) Close the business.
These are the realities the owners are to face if forced to pay a national minimum wage of $15.00.
Totally stupid when Mississippi operates at 80% of American cost of living versus New York at 140% where the minimum wage of $15 is not enough.
ONE SIZE does NOT FIT All 50 states folks!

 

[Cecilie1200]

Tell me about it a hamburger basket in Colorado cost $12 bucks ( MW $11.25) the same one in South Carolina cost $8 bucks (MW $7.25)

What about the hamburger basket in Vegas that costs $30 bucks (MW $8.65)?

You do get that the prices of things in most of Vegas are nothing like the prices in the fucking casinos, right? No, probably not.

You can't buy a $30.00 burger basket off the strip? You sure?

btw; A large #1 double at Wendy's will cost you $10.05.....Off the strip.

Of course you can spend $30 off the strip. Is that the standard price for a burger basket? No. But thanks for attempting to deflect away from you making an ass of yourself . . . again.

What is a "standard burger basket?"

As in, you just go to a chain restaurant on a Vegas street corner and order a burger basket off the menu like you would in any restaurant in that chain in any other city, as opposed to ordering a burger basket in a restaurant in a casino or on the Strip with the casinos. In other words, the difference between what residents of Vegas pay in the rest of the city, versus what they charge in places that cater to the tourists.

 

[Cecilie1200]

You do get that the prices of things in most of Vegas are nothing like the prices in the fucking casinos, right? No, probably not.

You can't buy a $30.00 burger basket off the strip? You sure?

btw; A large #1 double at Wendy's will cost you $10.05.....Off the strip.

Of course you can spend $30 off the strip. Is that the standard price for a burger basket? No. But thanks for attempting to deflect away from you making an ass of yourself . . . again.

He keeps playing games and is dishonest. He doesn't own a business, he is wannabe that thinks ripping the government off is okay.

A wannabe who likes to fantasize about what it would take to get a woman to actually tolerate him, apparently.

You've apparently never had a rich boyfriend.

Of course I have, but they were ACTUALLY rich, as opposed to pretending on the Internet, and none of them needed to bribe women to date them.

 

[Cecilie1200]

What about the hamburger basket in Vegas that costs $30 bucks (MW $8.65)?

You do get that the prices of things in most of Vegas are nothing like the prices in the fucking casinos, right? No, probably not.

You can't buy a $30.00 burger basket off the strip? You sure?

btw; A large #1 double at Wendy's will cost you $10.05.....Off the strip.

Of course you can spend $30 off the strip. Is that the standard price for a burger basket? No. But thanks for attempting to deflect away from you making an ass of yourself . . . again.

What is a "standard burger basket?"

You never ate at a mom and pop stand?


View attachment 265258

I don't think he's ever been to Vegas, or if he has, he isn't bright enough to realize that there's a whole regular city there away from the casinos.

 

[danielpalos]

The major lack of understanding by $15 national minimum wage supporters is the employer is actually going to be paying MORE than the $15.00/hr. wage.

Most people don't realize an employer MATCHES employee's Social Security/Medicare payments...i.e. each pays 6.2% of total wages.

So for example a McDonalds with 15 minimum wage employees working 40 hours per week will cost the employer $241,800 more per year PLUS nearly $15,000 in additional SS/Medicare payments or nearly $256,000 more per year.

Now again... look at typical franchise operating expenses.

If the NET operating income BEFORE the $15 minimum wage was $153,900..
IT would be operating at a loss of $102,100!

Think the McDonald's franchise owner would:
A) consider letting some of the full time workers go?
B) replace them with robots?
C) Definitely raise the prices!
D) Close the business.
These are the realities the owners are to face if forced to pay a national minimum wage of $15.00.
Totally stupid when Mississippi operates at 80% of American cost of living versus New York at 140% where the minimum wage of $15 is not enough.
ONE SIZE does NOT FIT All 50 states folks!
View attachment 265300

we already know higher paid labor pays more in taxes; why would higher paid labor not also create more in demand?

 

[healthmyths]

The major lack of understanding by $15 national minimum wage supporters is the employer is actually going to be paying MORE than the $15.00/hr. wage.

Most people don't realize an employer MATCHES employee's Social Security/Medicare payments...i.e. each pays 6.2% of total wages.

So for example a McDonalds with 15 minimum wage employees working 40 hours per week will cost the employer $241,800 more per year PLUS nearly $15,000 in additional SS/Medicare payments or nearly $256,000 more per year.

Now again... look at typical franchise operating expenses.

If the NET operating income BEFORE the $15 minimum wage was $153,900..
IT would be operating at a loss of $102,100!

Think the McDonald's franchise owner would:
A) consider letting some of the full time workers go?
B) replace them with robots?
C) Definitely raise the prices!
D) Close the business.
These are the realities the owners are to face if forced to pay a national minimum wage of $15.00.
Totally stupid when Mississippi operates at 80% of American cost of living versus New York at 140% where the minimum wage of $15 is not enough.
ONE SIZE does NOT FIT All 50 states folks!
View attachment 265300

we already know higher paid labor pays more in taxes; why would higher paid labor not also create more in demand?

But I'm pretty confident YOU like a vast majority of $15/miminum wage advocates didn't know the employer pays 6.2% of employee's pay in SS/Medicare which ADDS to the $15.00 / hour labor costs.

 

[Papageorgio]

The major lack of understanding by $15 national minimum wage supporters is the employer is actually going to be paying MORE than the $15.00/hr. wage.

Most people don't realize an employer MATCHES employee's Social Security/Medicare payments...i.e. each pays 6.2% of total wages.

So for example a McDonalds with 15 minimum wage employees working 40 hours per week will cost the employer $241,800 more per year PLUS nearly $15,000 in additional SS/Medicare payments or nearly $256,000 more per year.

Now again... look at typical franchise operating expenses.

If the NET operating income BEFORE the $15 minimum wage was $153,900..
IT would be operating at a loss of $102,100!

Think the McDonald's franchise owner would:
A) consider letting some of the full time workers go?
B) replace them with robots?
C) Definitely raise the prices!
D) Close the business.
These are the realities the owners are to face if forced to pay a national minimum wage of $15.00.
Totally stupid when Mississippi operates at 80% of American cost of living versus New York at 140% where the minimum wage of $15 is not enough.
ONE SIZE does NOT FIT All 50 states folks!
View attachment 265300

we already know higher paid labor pays more in taxes; why would higher paid labor not also create more in demand?

But I'm pretty confident YOU like a vast majority of $15/miminum wage advocates didn't know the employer pays 6.2% of employee's pay in SS/Medicare which ADDS to the $15.00 / hour labor costs.

Don't for get workman's comp, unemployment, any healthcare, sick leave, vacation pay, and the list goes on depending on the state.

 

[healthmyths]

The major lack of understanding by $15 national minimum wage supporters is the employer is actually going to be paying MORE than the $15.00/hr. wage.

Most people don't realize an employer MATCHES employee's Social Security/Medicare payments...i.e. each pays 6.2% of total wages.

So for example a McDonalds with 15 minimum wage employees working 40 hours per week will cost the employer $241,800 more per year PLUS nearly $15,000 in additional SS/Medicare payments or nearly $256,000 more per year.

Now again... look at typical franchise operating expenses.

If the NET operating income BEFORE the $15 minimum wage was $153,900..
IT would be operating at a loss of $102,100!

Think the McDonald's franchise owner would:
A) consider letting some of the full time workers go?
B) replace them with robots?
C) Definitely raise the prices!
D) Close the business.
These are the realities the owners are to face if forced to pay a national minimum wage of $15.00.
Totally stupid when Mississippi operates at 80% of American cost of living versus New York at 140% where the minimum wage of $15 is not enough.
ONE SIZE does NOT FIT All 50 states folks!
View attachment 265300

we already know higher paid labor pays more in taxes; why would higher paid labor not also create more in demand?

NO but you evidently never KNEW employers pay an additional 6.2% on top of the $15/hr for SS/Medicare. Just another example of how the majority of people like you have very little business sense.

 

[Wyatt earp]

The major lack of understanding by $15 national minimum wage supporters is the employer is actually going to be paying MORE than the $15.00/hr. wage.

Most people don't realize an employer MATCHES employee's Social Security/Medicare payments...i.e. each pays 6.2% of total wages.

So for example a McDonalds with 15 minimum wage employees working 40 hours per week will cost the employer $241,800 more per year PLUS nearly $15,000 in additional SS/Medicare payments or nearly $256,000 more per year.

Now again... look at typical franchise operating expenses.

If the NET operating income BEFORE the $15 minimum wage was $153,900..
IT would be operating at a loss of $102,100!

Think the McDonald's franchise owner would:
A) consider letting some of the full time workers go?
B) replace them with robots?
C) Definitely raise the prices!
D) Close the business.
These are the realities the owners are to face if forced to pay a national minimum wage of $15.00.
Totally stupid when Mississippi operates at 80% of American cost of living versus New York at 140% where the minimum wage of $15 is not enough.
ONE SIZE does NOT FIT All 50 states folks!
View attachment 265300

I am glad you posted that breakdown and like 90% are mom and pop locally owned .

 

[rightwinger]

$15 minimum wage will double the wealth in Mississippi

How?

You think 90% of them on unemployment or welfare will help?

.

They would all be millionaires

Just think what they would tip at the local all you can eat Catfish shack?

 

[danielpalos]

The major lack of understanding by $15 national minimum wage supporters is the employer is actually going to be paying MORE than the $15.00/hr. wage.

Most people don't realize an employer MATCHES employee's Social Security/Medicare payments...i.e. each pays 6.2% of total wages.

So for example a McDonalds with 15 minimum wage employees working 40 hours per week will cost the employer $241,800 more per year PLUS nearly $15,000 in additional SS/Medicare payments or nearly $256,000 more per year.

Now again... look at typical franchise operating expenses.

If the NET operating income BEFORE the $15 minimum wage was $153,900..
IT would be operating at a loss of $102,100!

Think the McDonald's franchise owner would:
A) consider letting some of the full time workers go?
B) replace them with robots?
C) Definitely raise the prices!
D) Close the business.
These are the realities the owners are to face if forced to pay a national minimum wage of $15.00.
Totally stupid when Mississippi operates at 80% of American cost of living versus New York at 140% where the minimum wage of $15 is not enough.
ONE SIZE does NOT FIT All 50 states folks!
View attachment 265300

we already know higher paid labor pays more in taxes; why would higher paid labor not also create more in demand?

But I'm pretty confident YOU like a vast majority of $15/miminum wage advocates didn't know the employer pays 6.2% of employee's pay in SS/Medicare which ADDS to the $15.00 / hour labor costs.

Labor costs can be expensed to reduce taxable income. The more labor costs, the more can be expensed.

Why do some companies not make a profit?

 

[hadit]

View attachment 264072

A Heritage Foundation analysis from 2016 estimated that a $15 federal minimum wage would wipe out 7 million jobs. Hardest hit would be workers, businesses, and economies in areas with low costs of living. (like Mississippi where cost of living is 87% of USA standard.
Mississippi cost of living is 87.8% Mississippi Cost of Living

Liberal activists demand a “living wage,” but the truth is that only a tiny handful of hourly wage workers make the minimum wage or less (4 percent), according to the Employment Policies Institute. On the contrary, a whopping 44 percent of hourly workers currently earn at or below the proposed $15 minimum wage.

Now consider what the $15 minimum wage would do.

For a restaurant that employs 10 minimum wage workers, a $15 minimum wage hike would cost them about $170,000 per year. If the restaurant currently earns profit margins of 5 percent, it would have to increase sales by $3.5 million per year, or an extra $67,000 every week.

But that is not realistic. The likely scenario is that they’ll either have to cut working hours or fire some workers altogether. Either way, most people are worse off than before.

Lawmakers Are Pushing a $15 Minimum Wage. Here Are 3 Disastrous Consequences That Would Result.
Robotic waiters...

View attachment 264073

When workers have money to spend, they spend it and it makes the economy better. It’s so obvious I can’t understand why right wingers are so mystified.

the right wing, never gets it.

Why would they want to "get" a falsehood? Hey back to us when you get opportunity cost.

 

[danielpalos]

View attachment 264072

A Heritage Foundation analysis from 2016 estimated that a $15 federal minimum wage would wipe out 7 million jobs. Hardest hit would be workers, businesses, and economies in areas with low costs of living. (like Mississippi where cost of living is 87% of USA standard.
Mississippi cost of living is 87.8% Mississippi Cost of Living

Liberal activists demand a “living wage,” but the truth is that only a tiny handful of hourly wage workers make the minimum wage or less (4 percent), according to the Employment Policies Institute. On the contrary, a whopping 44 percent of hourly workers currently earn at or below the proposed $15 minimum wage.

Now consider what the $15 minimum wage would do.

For a restaurant that employs 10 minimum wage workers, a $15 minimum wage hike would cost them about $170,000 per year. If the restaurant currently earns profit margins of 5 percent, it would have to increase sales by $3.5 million per year, or an extra $67,000 every week.

But that is not realistic. The likely scenario is that they’ll either have to cut working hours or fire some workers altogether. Either way, most people are worse off than before.

Lawmakers Are Pushing a $15 Minimum Wage. Here Are 3 Disastrous Consequences That Would Result.
Robotic waiters...

View attachment 264073

When workers have money to spend, they spend it and it makes the economy better. It’s so obvious I can’t understand why right wingers are so mystified.

the right wing, never gets it.

Why would they want to "get" a falsehood? Hey back to us when you get opportunity cost.

lol. nobody takes the right wing seriously about economics.

 

[healthmyths]

The major lack of understanding by $15 national minimum wage supporters is the employer is actually going to be paying MORE than the $15.00/hr. wage.

Most people don't realize an employer MATCHES employee's Social Security/Medicare payments...i.e. each pays 6.2% of total wages.

So for example a McDonalds with 15 minimum wage employees working 40 hours per week will cost the employer $241,800 more per year PLUS nearly $15,000 in additional SS/Medicare payments or nearly $256,000 more per year.

Now again... look at typical franchise operating expenses.

If the NET operating income BEFORE the $15 minimum wage was $153,900..
IT would be operating at a loss of $102,100!

Think the McDonald's franchise owner would:
A) consider letting some of the full time workers go?
B) replace them with robots?
C) Definitely raise the prices!
D) Close the business.
These are the realities the owners are to face if forced to pay a national minimum wage of $15.00.
Totally stupid when Mississippi operates at 80% of American cost of living versus New York at 140% where the minimum wage of $15 is not enough.
ONE SIZE does NOT FIT All 50 states folks!
View attachment 265300

we already know higher paid labor pays more in taxes; why would higher paid labor not also create more in demand?

But I'm pretty confident YOU like a vast majority of $15/miminum wage advocates didn't know the employer pays 6.2% of employee's pay in SS/Medicare which ADDS to the $15.00 / hour labor costs.

Labor costs can be expensed to reduce taxable income. The more labor costs, the more can be expensed.

Why do some companies not make a profit?

Hey quit showing your stupidity!
Please tell the franchise owner that was making a net profit BEFORE Taxes by the way of $153,900... and by increasing the pay to $15/hour the owner
now has NO taxes to pay PLUS owes $102,100!
How stupid must you be to think it is a "tax advantage"?

 

[healthmyths]

View attachment 264072

A Heritage Foundation analysis from 2016 estimated that a $15 federal minimum wage would wipe out 7 million jobs. Hardest hit would be workers, businesses, and economies in areas with low costs of living. (like Mississippi where cost of living is 87% of USA standard.
Mississippi cost of living is 87.8% Mississippi Cost of Living

Liberal activists demand a “living wage,” but the truth is that only a tiny handful of hourly wage workers make the minimum wage or less (4 percent), according to the Employment Policies Institute. On the contrary, a whopping 44 percent of hourly workers currently earn at or below the proposed $15 minimum wage.

Now consider what the $15 minimum wage would do.

For a restaurant that employs 10 minimum wage workers, a $15 minimum wage hike would cost them about $170,000 per year. If the restaurant currently earns profit margins of 5 percent, it would have to increase sales by $3.5 million per year, or an extra $67,000 every week.

But that is not realistic. The likely scenario is that they’ll either have to cut working hours or fire some workers altogether. Either way, most people are worse off than before.

Lawmakers Are Pushing a $15 Minimum Wage. Here Are 3 Disastrous Consequences That Would Result.
Robotic waiters...

View attachment 264073

When workers have money to spend, they spend it and it makes the economy better. It’s so obvious I can’t understand why right wingers are so mystified.

the right wing, never gets it.

Why would they want to "get" a falsehood? Hey back to us when you get opportunity cost.

lol. nobody takes the right wing seriously about economics.

Hey dummy! This isn't a right or left wing issue. It is pure economics.
Double the labor cost on this chart and the owner loses $102,000!
Pay attention to the numbers and not the emotions because the bottom line determines the restaurant's future!

 

[danielpalos]

The major lack of understanding by $15 national minimum wage supporters is the employer is actually going to be paying MORE than the $15.00/hr. wage.

Most people don't realize an employer MATCHES employee's Social Security/Medicare payments...i.e. each pays 6.2% of total wages.

So for example a McDonalds with 15 minimum wage employees working 40 hours per week will cost the employer $241,800 more per year PLUS nearly $15,000 in additional SS/Medicare payments or nearly $256,000 more per year.

Now again... look at typical franchise operating expenses.

If the NET operating income BEFORE the $15 minimum wage was $153,900..
IT would be operating at a loss of $102,100!

Think the McDonald's franchise owner would:
A) consider letting some of the full time workers go?
B) replace them with robots?
C) Definitely raise the prices!
D) Close the business.
These are the realities the owners are to face if forced to pay a national minimum wage of $15.00.
Totally stupid when Mississippi operates at 80% of American cost of living versus New York at 140% where the minimum wage of $15 is not enough.
ONE SIZE does NOT FIT All 50 states folks!
View attachment 265300

we already know higher paid labor pays more in taxes; why would higher paid labor not also create more in demand?

But I'm pretty confident YOU like a vast majority of $15/miminum wage advocates didn't know the employer pays 6.2% of employee's pay in SS/Medicare which ADDS to the $15.00 / hour labor costs.

Labor costs can be expensed to reduce taxable income. The more labor costs, the more can be expensed.

Why do some companies not make a profit?

Hey quit showing your stupidity!
Please tell the franchise owner that was making a net profit BEFORE Taxes by the way of $153,900... and by increasing the pay to $15/hour the owner
now has NO taxes to pay PLUS owes $102,100!
How stupid must you be to think it is a "tax advantage"?

the higher cost of wages and benefits can be expensed to lower their tax burden.

 

[danielpalos]

View attachment 264072

A Heritage Foundation analysis from 2016 estimated that a $15 federal minimum wage would wipe out 7 million jobs. Hardest hit would be workers, businesses, and economies in areas with low costs of living. (like Mississippi where cost of living is 87% of USA standard.
Mississippi cost of living is 87.8% Mississippi Cost of Living

Liberal activists demand a “living wage,” but the truth is that only a tiny handful of hourly wage workers make the minimum wage or less (4 percent), according to the Employment Policies Institute. On the contrary, a whopping 44 percent of hourly workers currently earn at or below the proposed $15 minimum wage.

Now consider what the $15 minimum wage would do.

For a restaurant that employs 10 minimum wage workers, a $15 minimum wage hike would cost them about $170,000 per year. If the restaurant currently earns profit margins of 5 percent, it would have to increase sales by $3.5 million per year, or an extra $67,000 every week.

But that is not realistic. The likely scenario is that they’ll either have to cut working hours or fire some workers altogether. Either way, most people are worse off than before.

Lawmakers Are Pushing a $15 Minimum Wage. Here Are 3 Disastrous Consequences That Would Result.
Robotic waiters...

View attachment 264073

When workers have money to spend, they spend it and it makes the economy better. It’s so obvious I can’t understand why right wingers are so mystified.

the right wing, never gets it.

Why would they want to "get" a falsehood? Hey back to us when you get opportunity cost.

lol. nobody takes the right wing seriously about economics.

Hey dummy! This isn't a right or left wing issue. It is pure economics.
Double the labor cost on this chart and the owner loses $102,000!
Pay attention to the numbers and not the emotions because the bottom line determines the restaurant's future!
View attachment 265377

you are not showing their deductions.

View attachment 264072

A Heritage Foundation analysis from 2016 estimated that a $15 federal minimum wage would wipe out 7 million jobs. Hardest hit would be workers, businesses, and economies in areas with low costs of living. (like Mississippi where cost of living is 87% of USA standard.
Mississippi cost of living is 87.8% Mississippi Cost of Living

Liberal activists demand a “living wage,” but the truth is that only a tiny handful of hourly wage workers make the minimum wage or less (4 percent), according to the Employment Policies Institute. On the contrary, a whopping 44 percent of hourly workers currently earn at or below the proposed $15 minimum wage.

Now consider what the $15 minimum wage would do.

For a restaurant that employs 10 minimum wage workers, a $15 minimum wage hike would cost them about $170,000 per year. If the restaurant currently earns profit margins of 5 percent, it would have to increase sales by $3.5 million per year, or an extra $67,000 every week.

But that is not realistic. The likely scenario is that they’ll either have to cut working hours or fire some workers altogether. Either way, most people are worse off than before.

Lawmakers Are Pushing a $15 Minimum Wage. Here Are 3 Disastrous Consequences That Would Result.
Robotic waiters...

View attachment 264073

When workers have money to spend, they spend it and it makes the economy better. It’s so obvious I can’t understand why right wingers are so mystified.

the right wing, never gets it.

Why would they want to "get" a falsehood? Hey back to us when you get opportunity cost.

lol. nobody takes the right wing seriously about economics.

Hey dummy! This isn't a right or left wing issue. It is pure economics.
Double the labor cost on this chart and the owner loses $102,000!
Pay attention to the numbers and not the emotions because the bottom line determines the restaurant's future!
View attachment 265377

not all employees make the minimum wage in any store.

 

[healthmyths]

The major lack of understanding by $15 national minimum wage supporters is the employer is actually going to be paying MORE than the $15.00/hr. wage.

Most people don't realize an employer MATCHES employee's Social Security/Medicare payments...i.e. each pays 6.2% of total wages.

So for example a McDonalds with 15 minimum wage employees working 40 hours per week will cost the employer $241,800 more per year PLUS nearly $15,000 in additional SS/Medicare payments or nearly $256,000 more per year.

Now again... look at typical franchise operating expenses.

If the NET operating income BEFORE the $15 minimum wage was $153,900..
IT would be operating at a loss of $102,100!

Think the McDonald's franchise owner would:
A) consider letting some of the full time workers go?
B) replace them with robots?
C) Definitely raise the prices!
D) Close the business.
These are the realities the owners are to face if forced to pay a national minimum wage of $15.00.
Totally stupid when Mississippi operates at 80% of American cost of living versus New York at 140% where the minimum wage of $15 is not enough.
ONE SIZE does NOT FIT All 50 states folks!
View attachment 265300

we already know higher paid labor pays more in taxes; why would higher paid labor not also create more in demand?

But I'm pretty confident YOU like a vast majority of $15/miminum wage advocates didn't know the employer pays 6.2% of employee's pay in SS/Medicare which ADDS to the $15.00 / hour labor costs.

Labor costs can be expensed to reduce taxable income. The more labor costs, the more can be expensed.

Why do some companies not make a profit?

Hey quit showing your stupidity!
Please tell the franchise owner that was making a net profit BEFORE Taxes by the way of $153,900... and by increasing the pay to $15/hour the owner
now has NO taxes to pay PLUS owes $102,100!
How stupid must you be to think it is a "tax advantage"?

the higher cost of wages and benefits can be expensed to lower their tax burden.

And again you didn't read closely! If you double the hourly wage, these would mean this sample McDonald's franchise would be operating at a loss
and have NO TAXES to pay!
Do you understand the below? The labor costs were $540,000. Raising to $15/hr means there is a loss of $102,000!
Do you understand?

 

[healthmyths]

When workers have money to spend, they spend it and it makes the economy better. It’s so obvious I can’t understand why right wingers are so mystified.

the right wing, never gets it.

Why would they want to "get" a falsehood? Hey back to us when you get opportunity cost.

lol. nobody takes the right wing seriously about economics.

Hey dummy! This isn't a right or left wing issue. It is pure economics.
Double the labor cost on this chart and the owner loses $102,000!
Pay attention to the numbers and not the emotions because the bottom line determines the restaurant's future!
View attachment 265377

you are not showing their deductions.

When workers have money to spend, they spend it and it makes the economy better. It’s so obvious I can’t understand why right wingers are so mystified.

the right wing, never gets it.

Why would they want to "get" a falsehood? Hey back to us when you get opportunity cost.

lol. nobody takes the right wing seriously about economics.

Hey dummy! This isn't a right or left wing issue. It is pure economics.
Double the labor cost on this chart and the owner loses $102,000!
Pay attention to the numbers and not the emotions because the bottom line determines the restaurant's future!
View attachment 265377

not all employees make the minimum wage in any store.

Duh... you think? Why did the following have "Crew payroll" and "Manager Payroll"?
There was the distinction and your comment is way to superfluous!
Read closer before showing your lack of comprehension of financial statements !

 

[danielpalos]

not all wages are going to double since not everyone is making the minimum wage.

and, we already know some costs are passed on to consumers but not savings.