Years ago, Pizza Hut claimed that if they provided medical care for their employees that they'd have to raise the price of their pizzas by 50 cents each. All of my friends agreed that in return for more people having health insurance they'd be happy to pay an extra $.50 per pizza. Then a study was done showing Pizza Hut had greatly exaggerated the cost and it would have only raised the price of their pizzas by pennies. They still refused to do it. BTW, this was when mw had close to 1/3 more spending power. Greed is the only reason for the continued decrease in the power of mw.
Next time you might want to try and read what I post. Pizza hut is not a "small business." Like I said, you very much support a huge corporation, you destroy the small business's, thus, your incredible lack of understanding of the issue.
Not to mention you're talking about HI and not minimum wage. Your study shows pennies of increased overhead costs for HI per employee, are you suggesting that min wage should only go up by pennies per employee?
So I'll go ahead and prove my point. Againsheila, what do you think minimum wage should "generally" be as of today. Just a guess so we can take this debate passed “blah blah blah” and so I can prove that you have no real interest in the true costs and impact of a wage increase. Lets says a states min wage is 8.00$ an hour as of today, where do you "feel" it should be around.
I've said this before but everyone ignores it and asks again and again and again. Minimum Wage at 40 hours per week should provide enough income for one person to provide an apartment with utilities, food, transportation and medical care with a little extra to pay for clothes and other necessities for himself. I do not think that is unreasonable. My brother, working a mw job back in 1969 was able to get his own apartment (granted he slept on the floor and had lawn furniture in his living room) he was able to buy a new car on payments and take college courses in the evenings. Today on mw, you can't even put a roof over your head. How can anyone get ahead if they can't even survive?
So there is no debate because you won't give an answer as to what you think minimum wage should even be around.
One argument is that minimum wage can go up because such a low % of people are on it, but what people don't mention is the % of people very close to minimum wage.
Some issues you will run into is that if you bumped min wage up letÂ’s say a full 2 dollars from the 8 dollar figure the ramifications are dramatic. Firstly the employer has to come up with the payroll and taxes for these employees, then there are the people that were once making 1 dollar over min wage that now got a raise. Next is that now at 10$ an hour that is the starting point, meaning when people want a raise it actually costs the employer far more.
Lets figure payroll without taxes for 8$ an hour and 5 employees full time for a small business no taxes.
8x40x4x12 = 15,360per employee. 15,360x5 = 76,800$ a year for 5 employeeÂ’s.
Now letÂ’s figure a 2 dollar wage increase.
10x40x4x12 = 19,200per employee. 19,200x5 = 96,000 a year for 5 employeeÂ’s.
The difference is 19,200$ a year for the employer. Now, what if that employer was only making 70,000 a year for their self? 50,800$ is what the employer now makes, thatÂ’s far less to invest with, what if one year a recession happens and they lose 30% of their business?
The point IÂ’m trying to make is already the employer either needs to fire 1 full time employee or raise their prices. The only other option is to pray to God that a recession does not hit like they do once every 10 years. WeÂ’re not even getting past payroll and already the UE rate will jump or prices will have to rise. All jobs are not created equal, by that I mean if a Person that speaks poor English, canÂ’t spell and zero experience can walk on the job and do it *right*, it probably was not a job that deserved higher pay.
I believe you have a lot to think about when it comes to raising the min wage, I suggest you do some research and go into it without a bias point of view or the answer will only offend you.
If welfare, SS, Medicare Medicaid, min wage and unemployment were all such great programs then why do we have more people in poverty today than before these programs? Why is the middle class shrinking so quickly over so many years?