ADevilYouKhow
Rhyme Reason
yeah because the most successful technology and areospace companies on earth are gonna close up shop... and business that support them are gonna fail because burger flippers can afford a hoody at Walmart now
Tell em'
Meet Kshama Sawant. Seattle's newest city council member. A member of the Socialist party.
- Thread starter Ed MOTHERFUCKING G
- Start date
Tell em'
I'm just saying... 40K times 2080 * 15 - 40K (2080*10) = 416,000,000 ... That covers fast food and the people who clean restaurants in Seattle... Maybe another 400 million for walmart and people like that in seattle.Tell em'
800 million is a fraction of the business economy there. Amazon making like 60 something Billion in revenue, microsoft 77 billion.. Boeing 80 billion..... Companies we've never heard of - millions.
And think about it -- THIS is low income people... they will put 100% of that right back into the economy there on the 2nd of each month. NTM all the aerospace and tech companies who make billions from GOV contracts that THE people fund.
Wow.
88m3
Fast Money & Foreign Objects
Well is going to trickle down or not?
I love how this guy goes straight from fast food to amazon. What do you say to small businesses with 3 employees, say a small architect firm or a retail store. They gross $275m/ yr and EBITDA of $30m.
They now have to pay their employees $5 more per hour. Those three equals $15 more x 80 = $1200 per payroll and $2400 more per month. That is $28,800 more they now need to spend to do the exact same amount of work...and now their profit is $1200.
The business is essentially insolvent unless they terminate an employee.
Their other option is to raise prices.
This literally creates joblessness and inflation of which demolishes growth. In fact it creates stagflation.
I invite you to think about the impact of a major american city going to a $15 minimum wage critically.
They now have to pay their employees $5 more per hour. Those three equals $15 more x 80 = $1200 per payroll and $2400 more per month. That is $28,800 more they now need to spend to do the exact same amount of work...and now their profit is $1200.
The business is essentially insolvent unless they terminate an employee.
Their other option is to raise prices.
This literally creates joblessness and inflation of which demolishes growth. In fact it creates stagflation.
I invite you to think about the impact of a major american city going to a $15 minimum wage critically.
No. I illustrate why in the reply that followed.
i'm just playing the devil..
in the 15 dollar thread i argued on ur side. .. but there has to way everyone can win...
There is if payroll increases in a linear fashion in conjunction to inflation and cost of living. $15 is insane.
And dont just play devils advocate. You completely wasted my fukking time. Its juvenile and ruins solid debate in here.
Well, actually, my first post wasn't completely off.... the lower classes getting a raise, literally would not destroy the tech and aerospace companies. I don't agree w 15 for fast food... but I mean... this is the same nation with the gross wealth gaps, and top 2% controlling more than 90% of the wealth.
88m3
Fast Money & Foreign Objects
Architects are making minimum wage now? Where they do that at? Damn sure not Seattle. This girl just did less than 5 hours of work for me and made 2k and I got off easy. I have another thing coming up soon that'll probably run me at least 10 on the architect and I consider it a small simple job.
I would never pay anyone useful to me less than 10 an hour it's belittling and petty. Everyone else has flat rate contracts.
So you want the government to make up for how cheap big business is on the tax payers dime? My dime? No buddy. Give these people a liveable wage so they can "stand on their own two feet" since that's what this is supposedly alllll about. Small business suffers because these big companies get grants and can do whatever the hell they want, they need to pay their share. I'm sick of "small business" having to bail out big business.
Oh and what the hell are these "businesses" that only clear 100k a year? Unless they're laundering money in the backroom I'm not buying it. I don't even have IT certs and clear more than that.
I was talking about the architect's or the retail store's 3 employees. They in this realistic scenario are making $10/hr. now they have to make $15. Read on from there.
Architects are making minimum wage now? Where they do that at? Damn sure not Seattle. This girl just did less than 5 hours of work for me and made 2k and I got off easy. I have another thing coming up soon that'll probably run me at least 10 on the architect and I consider it a small simple job.
I would never pay anyone useful to me less than 10 an hour it's belittling and petty.
So you want the government to make up for how cheap big business is on the tax payers dime? My dime? No buddy. Give these people a liveable wage so they can "stand on their own two feet". Small business suffers because these big companies get grants and can do whatever the hell they want, they need to pay their share. I'm sick of "small business" having to bail out big business.
Oh and what the hell are these "businesses" that only clear 100k a year? Unless they're laundering money in the backroom I'm not buying it. I don't even have IT certs and clear that.
And i said $275m, not $100m. And a lot of businesses 'clear' that, though i also said the net EBIDTA number...
I want to address one thing you said:
Does my example not show the impact of a raised minimum wage on small businesses, directly and logically? Does this not concern you?
88m3
Fast Money & Foreign Objects
Lets be honest no one is making less than 15$ an hour at a small architecture firm or law firm if they're even just picking up the phone, apples to apples.
Your 100k comment was directed at an earlier post.
As far as the retail store? Maybe if the Government didn't let Walmart or whatever super chain suck the life out of every community within a 100 mile range of them with ridiculous incentives we could talk. I guess the free market will decide these retail stores fate? Is that what you want to hear? If these small retail shops are in some thriving affluent community with all of this big business and well compensated employees surrounding them buying 400k+ houses, with four Audi's in the front yard, the retail stores will be fine. Trickle down.
Black smoke and cac jokes
Your daps are mine
No company in the world gross 275million a year and is considered a small company. Also, you're operating income (EBITDA) is not fixed, you know you can increase your prices right?
No company in the world gross 275million a year and is considered a small company. Also, you're operating income (EBITDA) is not fixed, you know you can increase your prices right?
m is thousand, mm is million, and i illustrated their options, one of which is raising prices.Try again kiddo.