Everyone wants to point to CEO’s and what they make….. So do you think it is different in a pizza store where the owner runs the shop, is there 80 hours a week…. and is making a living for his family? Do you think there will be unintended consequences of raising minimum wage? In a business like that, you can figure that food and labor accounts for about 70% of the cost of doing business…. so maybe the owner if he is busting his ass, controlling costs well… might take home $60k for his efforts after expenses…. SO if labor goes up by 1/3 or a store that is running about 200k in labor, so it increases payroll by 100k…. I am presuming the customer is going to have to pay that difference?
Surely people don’t think the owner should take a pay cut right?

On a store doing $600k in sales… that means that prices would have to increase 16.7% in order just to keep up with the labor increase….. so that means a $13 pizza is now $15.17. AND so that means we are going to lose some customers…which will make sales fall, which will result in someone or some folks getting let go….

And so for administrative folks working desk jobs, receptionist jobs and administrative jobs…. now they could make $15 x 2080 hours=$31,200 flipping burgers…. So now that is the lowest paid position in every job in the country? So you think that seems fair that people go to 4 years of college and everyone in the country is making the same? Well and I guess if that becomes the new bottom wage…. that is the new “poverty” level and everyone on Government assistance should get a raise right?

It is never ending. The reason why the free market determines the rate of pay because it balances the number of employees looking to hire with the number of qualified individuals looking for jobs. So for example, if Walmart is looking to hire 15 people and they promote $9 an hour, and they don’t get enough qualified candidates, they will have to increase the wage they are offering in order to get the number of qualified applicants equal to the number of positions…THAT is the market rate of pay. Let the markets be free without interference..work hard if you want to make more… there is a correlation between work ethic and wages. I promise.

I said it…and that’s that. Smile, make a difference, go support live music. I am outta here.

KEKO