When it comes to minimum wage arguments too many people think of corporate giants like Wal-Mart or McDonald's, who can definitely afford it. The problem are the smaller owner/operators. It makes starting up a business more difficult. It is an issue I go back and forth on.
Its actually funny... Looking at even larger chains can they really afford it?
What people dont understand is the real dollar per cost. People think they can just demand X wages and benefits. Without respect to product.
Think about, Walmart or Even McDonalds. How many "Products do they have to sell to break even"
McDonalds - A meal cost $5-$10 on the average. With regards to the meal itself, what is the net cost of the actual meal? Lets say 10% so $.50 on a $5meal, or $1 on a $10 meal,
$4.50 net cost... Now the reasonable person wont think this far, but HOW many of these meals, does a business have to sell, daily to break even.... after wages, benefits, rent, taxes...blah blah blah blah....A hell of a lot of $5 meals have to be served daily.
Now Add Walmart, Walmart has to have their Stores Stocked, with product... these product sits, and sits.... and sits until sold. Yet there are employees daily. There products as well are nothing like a Cheeseburger meal. a $500 TV, likely cost them $50-$100 at least and the dont make any money until someone buys it. So the MILLIONS of dollars in the warehouse around the nation, and add in the Wages, benefits etc....How does one pay for this.
By setting an unreasonable Wage limit, you devalue hard work and quality work. an 18 year old lazy kid, will get paid the same as struggling hard working mother, because the pay gap is not able to pay the hard working person more. There is NO incentive for quality work. People just want equality, without deserving it.
$15 minimum wage doesnt help anyone. It forces business, to increase their product cost to keep up with the cost ratio. Devalues Work ethics and production.
Im gald someone had the balls to veto it, I hope we can get rid of these ridiculous $15 wage request as again......$15 = $31,200 in wages a year...... do the math, how is that sustainable for small business? Likely the owner is not even getting paid that much after taxes and you expect them to pay their workers more than the Employer makes? The employer will laugh and say I dont need to work this hard to get paid less than my workers I will go to McDonalds and flip burgers......
Devalues EVERYTHING...
