Obama's Minimum Wage Claims Its Latest Victims - Ashley Furniture Slashes 840 Jobs In California

[Geaux4it]

Minimum wage - The death blow relative to business success

-Geaux
----------------

A few weeks back we pointed out a couple of the reasons that businesses are fleeing California by the 1,000's ("3 Simple Charts That Help Explain Why 9,000 Businesses Have Left California In Just 7 Years"). Clearly the implementation of a State-wide $15 minimum wage hasn't helped "lure" business owners.

On Friday, Ashley Furniture's 840 employees working in the company's production and warehouse facility in Colton, California became the latest victims of California's minimum wage hike. Ashley announced they would be leaving open their retail store in Colton, but would be relocating the production facility that accounts for most of the location's jobs. Per the San Bernadino Sun, Ashley Furniture released the following statements about the closure:

We thank our employees for all their hard work, but closing these plants on Oct. 25 and rebalancing our manufacturing mixstrengthens production capability and cost structure and will help ensure Ashley’s continued ability to compete effectively long-term in the global marketplace from a U.S. base.

Obama's Minimum Wage Claims Its Latest Victims - Ashley Furniture Slashes 840 Jobs In California | Zero Hedge

 

[Katzndogz]

Himt hint. If the nonsense keeps up out next move is out of the country.

 

[Geaux4it]

Himt hint. If the nonsense keeps up out next move is out of the country.

Increased minimum wage is cost prohibitive

-Geaux

 

[Grandma]

So Americans should be happy to work for wages well below the poverty line because Ashley can't manage a business?

Nice.

Why do you morons hate America?

 

[Dekster]

Himt hint. If the nonsense keeps up out next move is out of the country.

The next move will be store closings as they partner with JC Penny's. Our Ashley's is massive and looks like a ghost town. Seldom see more than a couple cars in the parking lot.

 

[tigerred59]

Minimum wage - The death blow relative to business success

-Geaux
----------------

A few weeks back we pointed out a couple of the reasons that businesses are fleeing California by the 1,000's ("3 Simple Charts That Help Explain Why 9,000 Businesses Have Left California In Just 7 Years"). Clearly the implementation of a State-wide $15 minimum wage hasn't helped "lure" business owners.

On Friday, Ashley Furniture's 840 employees working in the company's production and warehouse facility in Colton, California became the latest victims of California's minimum wage hike. Ashley announced they would be leaving open their retail store in Colton, but would be relocating the production facility that accounts for most of the location's jobs. Per the San Bernadino Sun, Ashley Furniture released the following statements about the closure:

We thank our employees for all their hard work, but closing these plants on Oct. 25 and rebalancing our manufacturing mixstrengthens production capability and cost structure and will help ensure Ashley’s continued ability to compete effectively long-term in the global marketplace from a U.S. base.

Obama's Minimum Wage Claims Its Latest Victims - Ashley Furniture Slashes 840 Jobs In California | Zero Hedge

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Ashley Furniture Salaries
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Sales Associate - Hourly
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The company says the majority of production at the site east of Los Angeles is going to other U.S. plants to create more efficiency.

It says closing the Colton plants on Oct. 25 will help keep the company competitive.

They needed to go, in California, that's nothing to live off of and you know it.

 

[tigerred59]

So Americans should be happy to work for wages well below the poverty line because Ashley can't manage a business?

Nice.

Why do you morons hate America?

Bottom line is this, my company lays off 800 plus workers just about every quarter, this is nothing new. Corporate america is just greedy and don't want to share in the windfall of high profits they recieve. Ashley is no different. Moving to a low wage state until they raise their min. wage is a natural recourse for these greed trending companies, but to blame Obama or the democrats for this, is as always bias. I use to live in Ca. in the 80's and the min. wage was around 6 bucks for that state, it needs the increase, its rediculously costly

 

[tigerred59]

Himt hint. If the nonsense keeps up out next move is out of the country.

The next move will be store closings as they partner with JC Penny's. Our Ashley's is massive and looks like a ghost town. Seldom see more than a couple cars in the parking lot.

Their furniture, although beautiful, cost too much.

 

[tigerred59]

Himt hint. If the nonsense keeps up out next move is out of the country.

Uh, earth to dumbshit......after Nafta, 89% of our manufacturing base shift overseas....our wages have stayed the same...so do explain why with wages not moved an inch until now...why the shift of jobs? And because it all boils down to greed, and you have no explanation to give, I suggest you shut the fuck up

 

[Indeependent]

Who the heck shops at Ashley Furniture?

 

[Billy_Kinetta]

Minimum wage - The death blow relative to business success

-Geaux
----------------

A few weeks back we pointed out a couple of the reasons that businesses are fleeing California by the 1,000's ("3 Simple Charts That Help Explain Why 9,000 Businesses Have Left California In Just 7 Years"). Clearly the implementation of a State-wide $15 minimum wage hasn't helped "lure" business owners.

On Friday, Ashley Furniture's 840 employees working in the company's production and warehouse facility in Colton, California became the latest victims of California's minimum wage hike. Ashley announced they would be leaving open their retail store in Colton, but would be relocating the production facility that accounts for most of the location's jobs. Per the San Bernadino Sun, Ashley Furniture released the following statements about the closure:

We thank our employees for all their hard work, but closing these plants on Oct. 25 and rebalancing our manufacturing mixstrengthens production capability and cost structure and will help ensure Ashley’s continued ability to compete effectively long-term in the global marketplace from a U.S. base.

Obama's Minimum Wage Claims Its Latest Victims - Ashley Furniture Slashes 840 Jobs In California | Zero Hedge

Yup. Knob polishers aren't worth $30,000 a year.

 

[Mr Natural]

"Prosperity Through Lower Wages!"

 

[Billy_Kinetta]

So Americans should be happy to work for wages well below the poverty line because Ashley can't manage a business?

Nice.

Why do you morons hate America?

No business owner should be forced to pay more than the work is worth.

 

[Indeependent]

Minimum wage - The death blow relative to business success

-Geaux
----------------

A few weeks back we pointed out a couple of the reasons that businesses are fleeing California by the 1,000's ("3 Simple Charts That Help Explain Why 9,000 Businesses Have Left California In Just 7 Years"). Clearly the implementation of a State-wide $15 minimum wage hasn't helped "lure" business owners.

On Friday, Ashley Furniture's 840 employees working in the company's production and warehouse facility in Colton, California became the latest victims of California's minimum wage hike. Ashley announced they would be leaving open their retail store in Colton, but would be relocating the production facility that accounts for most of the location's jobs. Per the San Bernadino Sun, Ashley Furniture released the following statements about the closure:

We thank our employees for all their hard work, but closing these plants on Oct. 25 and rebalancing our manufacturing mixstrengthens production capability and cost structure and will help ensure Ashley’s continued ability to compete effectively long-term in the global marketplace from a U.S. base.

Obama's Minimum Wage Claims Its Latest Victims - Ashley Furniture Slashes 840 Jobs In California | Zero Hedge

Yup. Knob polishers aren't worth $30,000 a year.

$30,000.00 is above MW.

 

[tigerred59]

Who the heck shops at Ashley Furniture?

They got some good shit, but them mf's are expensive, so one less Ashley base closing is not gonna stress nobody, but the people let go and with what they were making, they can pick it up at a local McDonalds.

 

[Indeependent]

So Americans should be happy to work for wages well below the poverty line because Ashley can't manage a business?

Nice.

Why do you morons hate America?

No business owner should be forced to pay more than the work is worth.

How does one calculate that amount?

 

[cnm]

How is California's state legislation Obama's minimum wage.

Dumb fuck rightard delusion syndrome?

 

[Billy_Kinetta]

Minimum wage - The death blow relative to business success

-Geaux
----------------

A few weeks back we pointed out a couple of the reasons that businesses are fleeing California by the 1,000's ("3 Simple Charts That Help Explain Why 9,000 Businesses Have Left California In Just 7 Years"). Clearly the implementation of a State-wide $15 minimum wage hasn't helped "lure" business owners.

On Friday, Ashley Furniture's 840 employees working in the company's production and warehouse facility in Colton, California became the latest victims of California's minimum wage hike. Ashley announced they would be leaving open their retail store in Colton, but would be relocating the production facility that accounts for most of the location's jobs. Per the San Bernadino Sun, Ashley Furniture released the following statements about the closure:

We thank our employees for all their hard work, but closing these plants on Oct. 25 and rebalancing our manufacturing mixstrengthens production capability and cost structure and will help ensure Ashley’s continued ability to compete effectively long-term in the global marketplace from a U.S. base.

Obama's Minimum Wage Claims Its Latest Victims - Ashley Furniture Slashes 840 Jobs In California | Zero Hedge

Yup. Knob polishers aren't worth $30,000 a year.

$30,000.00 is above MW.

$15.00 X 40 hrs X 52 weeks = $31,200

 

[tigerred59]

So Americans should be happy to work for wages well below the poverty line because Ashley can't manage a business?

Nice.

Why do you morons hate America?

No business owner should be forced to pay more than the work is worth.

Yeah, sell that shit to white america...who pay CEO's millions to sit on their ass and do nothing or better still a congress that makes 6 figures of my hard earned tax dollars and have done nothing in the 8 years they've been there but obstruct the nations business.....duh

 

[Billy_Kinetta]

So Americans should be happy to work for wages well below the poverty line because Ashley can't manage a business?

Nice.

Why do you morons hate America?

No business owner should be forced to pay more than the work is worth.

How does one calculate that amount?

By the return from the product.