Originally posted by Solarskye
reply to post by MegaTherion
The phrase " life isn't fair " is in fact a reality. It's not fair that innocent people get killed in worthless wars, but it happens. It's not fair that a new born child is diagnosed with cancer and won't live past six years old, but it happens. We don't have a right to an apartment or to eat steak dinners and have a car to drive. Those opportunities are there to get those things but you have to work hard and make good decisions to get them. Just like you don't have to live in an apartment if you don't want to. You don't have to have those luxuries to make it. But I know, if people whine enough about it then the good Ole' government that has gotten us to this point will give in and raise the minimum wage and the poorest of the poor won't have a job to go to.
[edit on 7/30/2008 by Solarskye]
My parents own an ice cream shop, and rely heavily in its operation on eight 16-20 year olds working part-time schedules of 16-24 hours a week, along with one full-time manager who is assisted by my parents in their free time. Over the course of a 7 day work week, they typically employ the part-time workers for a total of about 340 hours a week.
Raising the minimum wage by .70 increased their straight wage expense by $240 a week, or about $1000 a month. But it had collateral consequences as well, as their worker’s comp. and unemployment insurance costs rose in relation to their payroll, as did their payroll tax contributions. The combination of wage increase and the various increases that spin off that wage increase was about $1500 a month. This is against a total wage expense for the part-timers of about $8000 a month.
Now, the same thing is going to happen next month — another increase of .70 per hour, totaling about $1500 a month in additional operating expenses is going to kick in. This will come on top of significant increases over the past year in product costs — multiply the increased cost of milk you are paying at the supermarket several times over and you get a feel for the increased cost of buying ice cream on a large scale for a business establishment.
They will raise the prices a little, but not enough to cover the total increase. They will cutback on the hours the part-timers work, and work a few more hours themselves. And if they lose another worker, they probably won’t hire a replacement.
My parents are both in their late 60s, and they don’t want to work 60 hour weeks at an ice cream parlor they bought on a lark after they retired.
But they aren’t going to operate it as a money loser either.
When Congress increased the minimum wage, for many many small business operators such as my parents, Congress took the profit from the business right out of their pocket. I’d be surprised if my parents’ shop made more than $3,000 or $4,000 month in profit — with them taking nothing in terms of a wage for themselves. If they had not cut-back their part-time work force payroll, the minimum wage hike would have taken every bit of that profit away.
Now they are working more than they want, and for a very modest annual return on their labor and investment.
And two fewer teenagers will be employed by them this summer than was the case last year.
reply to post by Solarskye
See that's some of the problems that need fixed. This money debt scandal and other things. But just because the scheme is meant for us to go in debt doesn't mean you have to fall for it and go into debt.
Originally posted by ncuncfan2006
If the minimum wage were set to zero, we would have more working people on welfare causing either our taxes to rise or deficit to rise, further devaluing the dollar. If you throw them off of welfare, crime will rise.
[edit on 30-7-2008 by ncuncfan2006]
reply to post by Solarskye
Not all minimum wage workers complain or whine and I give them many applauses for that, but there are some who do.