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

[danielpalos]

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.

You just don't get it do you?

You have to have a "profit" to stay in business!
READ this carefully.
NOTE at crew pay NOT at $15/hr the franchise owner makes a profit of $153,900.
BUT now do you comprehend this: If you increase the crew's pay to $15/hour that means the "crew's" pay is now at $540,000, THAT completely eliminates
any profit AND creates a loss of $102,100! Do you comprehend this?
A) You have to have a profit to pay taxes.
B) Double crew pay means NO PROFIT but a LOSS!

DO YOU comprehend that???


View attachment 265473

In reality and real life. I’m not sure if you understand what you are talking about.

Explain to us why Seattle and Los Angeles McDonald’s etc etc etc has not collapses....

FACTS!!! Not guesses...


Seattle employers cut hours after latest minimum wage rise, study finds
Low-wage workers on average now clock 9 percent fewer hours and earn $125 less each month than before the Pacific Northwest city set one of the highest minimum wages in the nation, the University of Washington research paper said.

Even so, overall employment at city restaurants, where a large percentage of low-wage earners work, held steady.

Seattle, which has a booming economy and a strong technology sector, is midway through an initiative to increase its minimum wage for all employers to $15 an hour. The city is at the forefront of a nationwide push by Democratic elected officials and organized labor in targeting $15 for all workers.
Seattle employers cut hours after latest minimum wage rise, study finds - Reuters

they might not miss fewer dollars since they don't have to work as much for the same amount of money. it is a "quality of life/study" issue.

 

[danielpalos]

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.

You just don't get it do you?

You have to have a "profit" to stay in business!
READ this carefully.
NOTE at crew pay NOT at $15/hr the franchise owner makes a profit of $153,900.
BUT now do you comprehend this: If you increase the crew's pay to $15/hour that means the "crew's" pay is now at $540,000, THAT completely eliminates
any profit AND creates a loss of $102,100! Do you comprehend this?
A) You have to have a profit to pay taxes.
B) Double crew pay means NO PROFIT but a LOSS!

DO YOU comprehend that???


View attachment 265473

In reality and real life. I’m not sure if you understand what you are talking about.

Explain to us why Seattle and Los Angeles McDonald’s etc etc etc has not collapses....

In July 2016, she closed her store because of “the ever increasing minimum wage,” she says. She’s not alone. Nat Cutler, one of the owners of Abbot’s Cellar in San Francisco also had to close his doors when minimum wage went up -- along with other business costs in the city.

The stories are not limited to California, though they are concentrated in states that have already made moves to raise minimum wage. So it begs the question: is $15 minimum wage actually a good idea?

According to Salem, “California’s putting up the going out of business sign. It’s a tragedy. ”

He then went to break down the economics of his company, which employs 25 individuals:
“When the $15 minimum wage is fully phased in, my company would be losing in excess of $200,000 a year (and far more if my workforce grows as anticipated). That may be a drop in the bucket for large corporations, but a small business cannot absorb such losses….
Small Businesses Struggling With $15 Minimum Wage, New Site Reports

“Restaurants tend to operate on famously low profit margins, typically 2 to 6 percent. So a 40 percent mandatory wage increase over a two-year period is not trivial. “In response to the minimum wage hikes, New York City restaurants did what businesses tend to do when labor costs rise: they increased prices and reduced labor staff and hours.
“For example, Lalito’s, a popular restaurant on Bayard Street, recently raised its menu prices 10-15 percent, Eater New York reports.

“A New York City Hospitality Alliance survey also showed that three out of four full-service restaurants said they planned to reduce employee hours. Nearly half of those surveyed said they planned to eliminate some job positions in 2019.”

Minimum Wage Hikes Are Wiping Out Jobs

Henry Ford doubled autoworker wages, he did not complain about minimum wages.

 

[danielpalos]

lol. nobody takes the right wing seriously about economics.

Why then do you complain about them so much?

because they claim they are right, simply Because they are on the right wing.

Apparently, you're taking them seriously.

until they resort to fallacy, which is usually.

So you contradict yourself, again.

i practice resorting to the fewest fallacies with the right wing, just for fun and practice.

 

[danielpalos]

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

You just don't get it do you?

You have to have a "profit" to stay in business!
READ this carefully.
NOTE at crew pay NOT at $15/hr the franchise owner makes a profit of $153,900.
BUT now do you comprehend this: If you increase the crew's pay to $15/hour that means the "crew's" pay is now at $540,000, THAT completely eliminates
any profit AND creates a loss of $102,100! Do you comprehend this?
A) You have to have a profit to pay taxes.
B) Double crew pay means NO PROFIT but a LOSS!

DO YOU comprehend that???


View attachment 265473

In reality and real life. I’m not sure if you understand what you are talking about.

Explain to us why Seattle and Los Angeles McDonald’s etc etc etc has not collapses....

Quote not guesses.
"Some operators responded to the minimum wage increases by cutting costs, with 64% saying they reduced employee hours,
and 43 percent saying they eliminated jobs."
Higher minimum wage means restaurants raise prices and fewer employee hours, survey finds

we know the short term equilibrium must be different from the long term equilibrium.

And the long term equilibrium demands that, in a few short years, the usual suspects will be back, complaining that 15 is nowhere near enough.

inflation happens, regardless. how much has management compensation gone up versus labor?

besides, higher paid labor pays more in taxes and creates more in demand.

 

[charwin95]

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.

You just don't get it do you?

You have to have a "profit" to stay in business!
READ this carefully.
NOTE at crew pay NOT at $15/hr the franchise owner makes a profit of $153,900.
BUT now do you comprehend this: If you increase the crew's pay to $15/hour that means the "crew's" pay is now at $540,000, THAT completely eliminates
any profit AND creates a loss of $102,100! Do you comprehend this?
A) You have to have a profit to pay taxes.
B) Double crew pay means NO PROFIT but a LOSS!

DO YOU comprehend that???


View attachment 265473

In reality and real life. I’m not sure if you understand what you are talking about.

Explain to us why Seattle and Los Angeles McDonald’s etc etc etc has not collapses....

In July 2016, she closed her store because of “the ever increasing minimum wage,” she says. She’s not alone. Nat Cutler, one of the owners of Abbot’s Cellar in San Francisco also had to close his doors when minimum wage went up -- along with other business costs in the city.

The stories are not limited to California, though they are concentrated in states that have already made moves to raise minimum wage. So it begs the question: is $15 minimum wage actually a good idea?

According to Salem, “California’s putting up the going out of business sign. It’s a tragedy. ”

He then went to break down the economics of his company, which employs 25 individuals:
“When the $15 minimum wage is fully phased in, my company would be losing in excess of $200,000 a year (and far more if my workforce grows as anticipated). That may be a drop in the bucket for large corporations, but a small business cannot absorb such losses….
Small Businesses Struggling With $15 Minimum Wage, New Site Reports

“Restaurants tend to operate on famously low profit margins, typically 2 to 6 percent. So a 40 percent mandatory wage increase over a two-year period is not trivial. “In response to the minimum wage hikes, New York City restaurants did what businesses tend to do when labor costs rise: they increased prices and reduced labor staff and hours.
“For example, Lalito’s, a popular restaurant on Bayard Street, recently raised its menu prices 10-15 percent, Eater New York reports.

“A New York City Hospitality Alliance survey also showed that three out of four full-service restaurants said they planned to reduce employee hours. Nearly half of those surveyed said they planned to eliminate some job positions in 2019.”

Minimum Wage Hikes Are Wiping Out Jobs

And you ignored my post #827 especially item 2.
Since when a McDonald’s have 15 full time employees?

People like you post this kind of unrealistic and lies just to prove ignorance.

 

[hadit]

Why then do you complain about them so much?

because they claim they are right, simply Because they are on the right wing.

Apparently, you're taking them seriously.

until they resort to fallacy, which is usually.

So you contradict yourself, again.

i practice resorting to the fewest fallacies with the right wing, just for fun and practice.

You're not very good at it, practice some more.

 

[hadit]

You just don't get it do you?

You have to have a "profit" to stay in business!
READ this carefully.
NOTE at crew pay NOT at $15/hr the franchise owner makes a profit of $153,900.
BUT now do you comprehend this: If you increase the crew's pay to $15/hour that means the "crew's" pay is now at $540,000, THAT completely eliminates
any profit AND creates a loss of $102,100! Do you comprehend this?
A) You have to have a profit to pay taxes.
B) Double crew pay means NO PROFIT but a LOSS!

DO YOU comprehend that???


View attachment 265473

In reality and real life. I’m not sure if you understand what you are talking about.

Explain to us why Seattle and Los Angeles McDonald’s etc etc etc has not collapses....

Quote not guesses.
"Some operators responded to the minimum wage increases by cutting costs, with 64% saying they reduced employee hours,
and 43 percent saying they eliminated jobs."
Higher minimum wage means restaurants raise prices and fewer employee hours, survey finds

we know the short term equilibrium must be different from the long term equilibrium.

And the long term equilibrium demands that, in a few short years, the usual suspects will be back, complaining that 15 is nowhere near enough.

inflation happens, regardless. how much has management compensation gone up versus labor?

besides, higher paid labor pays more in taxes and creates more in demand.

So why not just set the MW to $100/hr and eliminate poverty altogether? Answer honestly and you might start to understand.

 

[dblack]

So why not just set the MW to $100/hr and eliminate poverty altogether? Answer honestly and you might start to understand.

They'll never go near this one. Most you'll get is a weak dismissal of the question as 'crazy' or 'ridiculous'. But they won't think through the logic.

 

[danielpalos]

In reality and real life. I’m not sure if you understand what you are talking about.

Explain to us why Seattle and Los Angeles McDonald’s etc etc etc has not collapses....

Quote not guesses.
"Some operators responded to the minimum wage increases by cutting costs, with 64% saying they reduced employee hours,
and 43 percent saying they eliminated jobs."
Higher minimum wage means restaurants raise prices and fewer employee hours, survey finds

we know the short term equilibrium must be different from the long term equilibrium.

And the long term equilibrium demands that, in a few short years, the usual suspects will be back, complaining that 15 is nowhere near enough.

inflation happens, regardless. how much has management compensation gone up versus labor?

besides, higher paid labor pays more in taxes and creates more in demand.

So why not just set the MW to $100/hr and eliminate poverty altogether? Answer honestly and you might start to understand.

fundamentals matter under capitalism.

we already have metrics that inform us of the alternative cost of social services, which is around fourteen dollars an hour and is the reason for the cost of living adjustment for the minimum wage.

so Labor can afford our first world economy.

 

[danielpalos]

Quote not guesses.
"Some operators responded to the minimum wage increases by cutting costs, with 64% saying they reduced employee hours,
and 43 percent saying they eliminated jobs."
Higher minimum wage means restaurants raise prices and fewer employee hours, survey finds

we know the short term equilibrium must be different from the long term equilibrium.

And the long term equilibrium demands that, in a few short years, the usual suspects will be back, complaining that 15 is nowhere near enough.

inflation happens, regardless. how much has management compensation gone up versus labor?

besides, higher paid labor pays more in taxes and creates more in demand.

So why not just set the MW to $100/hr and eliminate poverty altogether? Answer honestly and you might start to understand.

They'll never go near this one.

only the right wing prefers to appeal to ignorance and implication.

 

[dblack]

See what I mean?

 

[danielpalos]

See what I mean?

see post number eight hundred forty-nine.

 

[hadit]

Quote not guesses.
"Some operators responded to the minimum wage increases by cutting costs, with 64% saying they reduced employee hours,
and 43 percent saying they eliminated jobs."
Higher minimum wage means restaurants raise prices and fewer employee hours, survey finds

we know the short term equilibrium must be different from the long term equilibrium.

And the long term equilibrium demands that, in a few short years, the usual suspects will be back, complaining that 15 is nowhere near enough.

inflation happens, regardless. how much has management compensation gone up versus labor?

besides, higher paid labor pays more in taxes and creates more in demand.

So why not just set the MW to $100/hr and eliminate poverty altogether? Answer honestly and you might start to understand.

fundamentals matter under capitalism.

we already have metrics that inform us of the alternative cost of social services, which is around fourteen dollars an hour and is the reason for the cost of living adjustment for the minimum wage.

so Labor can afford our first world economy.

That doesn't address the question.

 

[danielpalos]

we know the short term equilibrium must be different from the long term equilibrium.

And the long term equilibrium demands that, in a few short years, the usual suspects will be back, complaining that 15 is nowhere near enough.

inflation happens, regardless. how much has management compensation gone up versus labor?

besides, higher paid labor pays more in taxes and creates more in demand.

So why not just set the MW to $100/hr and eliminate poverty altogether? Answer honestly and you might start to understand.

fundamentals matter under capitalism.

we already have metrics that inform us of the alternative cost of social services, which is around fourteen dollars an hour and is the reason for the cost of living adjustment for the minimum wage.

so Labor can afford our first world economy.

That doesn't address the question.

red herrings are not impressive catches for a learning how to fish work ethic.

 

[dblack]

we know the short term equilibrium must be different from the long term equilibrium.

And the long term equilibrium demands that, in a few short years, the usual suspects will be back, complaining that 15 is nowhere near enough.

inflation happens, regardless. how much has management compensation gone up versus labor?

besides, higher paid labor pays more in taxes and creates more in demand.

So why not just set the MW to $100/hr and eliminate poverty altogether? Answer honestly and you might start to understand.

fundamentals matter under capitalism.

we already have metrics that inform us of the alternative cost of social services, which is around fourteen dollars an hour and is the reason for the cost of living adjustment for the minimum wage.

so Labor can afford our first world economy.

That doesn't address the question.

Like I said, liberals will NEVER touch this question. It demolishes the entire argument for MW and they know it.

 

[hadit]

And the long term equilibrium demands that, in a few short years, the usual suspects will be back, complaining that 15 is nowhere near enough.

inflation happens, regardless. how much has management compensation gone up versus labor?

besides, higher paid labor pays more in taxes and creates more in demand.

So why not just set the MW to $100/hr and eliminate poverty altogether? Answer honestly and you might start to understand.

fundamentals matter under capitalism.

we already have metrics that inform us of the alternative cost of social services, which is around fourteen dollars an hour and is the reason for the cost of living adjustment for the minimum wage.

so Labor can afford our first world economy.

That doesn't address the question.

red herrings are not impressive catches for a learning how to fish work ethic.

Still not addressing it.

 

[Papageorgio]

Why then do you complain about them so much?

because they claim they are right, simply Because they are on the right wing.

Apparently, you're taking them seriously.

until they resort to fallacy, which is usually.

So you contradict yourself, again.

i practice resorting to the fewest fallacies with the right wing, just for fun and practice.

Thanks for the morning laugh!

 

[Papageorgio]

inflation happens, regardless. how much has management compensation gone up versus labor?

besides, higher paid labor pays more in taxes and creates more in demand.

So why not just set the MW to $100/hr and eliminate poverty altogether? Answer honestly and you might start to understand.

fundamentals matter under capitalism.

we already have metrics that inform us of the alternative cost of social services, which is around fourteen dollars an hour and is the reason for the cost of living adjustment for the minimum wage.

so Labor can afford our first world economy.

That doesn't address the question.

red herrings are not impressive catches for a learning how to fish work ethic.

Still not addressing it.

They can’t answer the question and be honest.

 

[hadit]

So why not just set the MW to $100/hr and eliminate poverty altogether? Answer honestly and you might start to understand.

fundamentals matter under capitalism.

we already have metrics that inform us of the alternative cost of social services, which is around fourteen dollars an hour and is the reason for the cost of living adjustment for the minimum wage.

so Labor can afford our first world economy.

That doesn't address the question.

red herrings are not impressive catches for a learning how to fish work ethic.

Still not addressing it.

They can’t answer the question and be honest.

They know very well that if they do, they will be forced to acknowledge that raising the MW impacts the number and types of jobs available, it's only a matter of degree.

 

[danielpalos]

inflation happens, regardless. how much has management compensation gone up versus labor?

besides, higher paid labor pays more in taxes and creates more in demand.

So why not just set the MW to $100/hr and eliminate poverty altogether? Answer honestly and you might start to understand.

fundamentals matter under capitalism.

we already have metrics that inform us of the alternative cost of social services, which is around fourteen dollars an hour and is the reason for the cost of living adjustment for the minimum wage.

so Labor can afford our first world economy.

That doesn't address the question.

red herrings are not impressive catches for a learning how to fish work ethic.

Still not addressing it.

addressing your begging the question that could be a red herring?