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Originally posted by mikellmikell
I take it nobody here owns a business it's going to get expensive %5 is not going to cover it I was informed i should plan on %300 within 5 years to cover it. I won't have any fulltimers by then
Originally posted by RedShirt73
Lets see:
48 Hurricane Grill & Wings locations (5 Corporate owned)
40 Denny's and Dairy Queen locations
Me thinks he's getting a pretty penny back from all these franchises, wouldn't you think? But if he has to pay for his employees healthcare he won't be able to get that new hummer.edit on 15-11-2012 by RedShirt73 because: (no reason given)
Originally posted by windword
reply to post by NOTurTypical
I'm not opposed to raising prices to cover the costs. I'm opposed to his method.
I was a server for 35 years and I never worked a full 40 hour week. Usually it was under 29 hours.
Regardless of Obamacare, most corporations have by-laws that kick in to provide medical benefit packages to full time employees. You'll be hard pressed to find full time servers though, maybe 2 or 3 per restaurant, even before Obamacare was a whisper of an idea, that was a rule of business.
They can either pay it and tip 15 or 20 percent, or if they really feel so inclined, they can reduce the amount of tip they give to the server, who is the primary beneficiary of Obamacare,"
Originally posted by NOTurTypical
Originally posted by RedShirt73
Lets see:
48 Hurricane Grill & Wings locations (5 Corporate owned)
40 Denny's and Dairy Queen locations
Me thinks he's getting a pretty penny back from all these franchises, wouldn't you think? But if he has to pay for his employees healthcare he won't be able to get that new hummer.edit on 15-11-2012 by RedShirt73 because: (no reason given)
What do you think his profit margin is?? I guarantee you it's about 10%. Sure he owns many restaurants, that also means he carries an enormous amount of debt.
Originally posted by OptimusSubprime
He is the owner of the restaurant and can charge whatever he wants. This is the way taxes work... the cost of all taxes and regulations imposed on business by the government is always passed on to the consumer, and yet this logic seems to escape the progressive policy makers in government. Whenever the cost to produce goes up, or whenever the cost to employ goes up, the cost is paid for in the end by the consumer buying a product or using a service. I do think that it is somewhat foolish for this restaurant owner to advertise the 5% charge, because it is clearly a political statement, and considering half of the voters last week voted for Obama, it is safe to assume that he will lose customers as a result of this 5% charge, which will ultimately end up costing him more than the added cost of ObamaCare. This is the free market at work, and the employees may get tired of the reduced tips and seek employment elsewhere as a direct result of the owners tactics and ideas. Now, let's get rid of the federally mandated minimum wage and apply this same logic and then we can clearly see that employers would be forced to pay competitive wages or suffer the consequences of having substandard employees and perhaps even going out of business, instead of having the "excuse" of paying the substandard, non-competitive minimum wage.edit on 15-11-2012 by OptimusSubprime because: (no reason given)