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Squashing growth, $15.00 at a time

Posted by Non_mooching_artist 11 years ago to Business
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Ok, so I'm a small business owner who is seeing business growing. I cannot continue to grow unless I hire some help. Great, right? Someone gets a job, business is good. Until WHAM!! $15.00 min wage?? Nope. Can't afford that AND obummercare. Scale back, but lose clients. Not as much business. Should I stay in business? Ripple effect; Hiring stagnates, so does the economy. In perpetuity, unless people wake up and look hard at who is supposedly representing them..
SOURCE URL: http://www.foxnews.com/politics/2013/12/30/highest-in-nation-15-minimum-wage-stirs-concern-from-local-businesses/


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  • Posted by $ rockymountainpirate 11 years ago
    "I will not run anyone's life - nor let anyone run mine. I will not be ruled. I will not be a master nor a slave. I will not sacrifice myself to anyone - nor sacrifice anyone to myself." Ayn Rand

    Said never by any politician or bureaucrat.
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  • Posted by $ Susanne 11 years ago
    But remember, the socialist will look at you with fawn eyes and say "It's not my problem how you do it, we just expect you TO do it as we tell you to." Ayn hit the nail on the head with this one, and sadly, I see it more and more every day. Obamascare and the Minimal wage demands by the Looters show that pointblank.
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  • Posted by richrobinson 11 years ago
    I have a small business and this would definitely have a negative impact on me. ObamaCare is bad enough. With all the changes its hard to say how bad it will be. Paying an extra 5+ dollars an hour is easy. Jobs get cut and hours get cut.
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  • Posted by khalling 11 years ago
    govt does not do business better than the business.
    minimum wage is interference within the marketplace. it only harms
    you have a right to sell your labor for whatever you want. a business has a right to offer you whatever they want. As long as the agreement is voluntary, the govt has no place getting involved.
    if the government can decide your worth, you do not own yourself. If the government can decide what you have to offer for labor, then you are a slave
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    • Posted by flanap 11 years ago
      "govt does not do business better than the business"

      Precisely, but I rarely ever hear "why?" The reason is there is no incentive for improvement. The government exists whether it does a piss poor job or not. This is what happens in societies that move to socialism and communism...no incentive to improve or do a better job. It is a satanic idea to the core, not just some thought process of others who believe differently.
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  • Posted by fivedollargold 11 years ago
    Anyone who has taken an introductory course in economics knows that as regulations, government mandates, and taxes increase, employment goes down and prices rise. Of course, there ARE liberal economists who choose to ignore this in deference to their political agenda.
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  • Posted by flanap 11 years ago
    You need to find a way to do the business without hiring people. Sounds strange, but folks have been innovating in ways to replace people with technology since...well, the technological revolution (ATMs!). I know that some jobs, like landscape maintenance work, need people to push the mower around, but perhaps new or different equipment would keep that bus owner from having to hire more folks to grow and just buy higher functioning equipment. Either that or sell the business and go be an employee and make as much dough as you can. You may not like that, but you have to do what you can to make the $$s.
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  • Posted by LetsShrug 11 years ago
    What business owner is going to pay 15.00 for a 8.00 an hour employee? 15.00 will draw better, more experienced, harder workers and the 8.00 people will get shaved off. Duh. This will be interesting to watch it play itself out. I wonder how many owners will shrug the heck out. Also, why do the airport staff get exempt from this? Because it's the city that has to pay the wages and not private business owners? Wow.
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    • Posted by $ Susanne 11 years ago
      There is truth to this... as a business owner, a mid-level manager, and a technical expert (too bad I don't have enough irons in the fire yet!) if I had to pay someone $15 an hour, you bet I'd expect to get at least my $15 an hour's worth from that employee or out they go. If there was no one capable of producing to a level in which that $15 an hour would generate value (and profit) then I would either have to expand my search parameters, reduce my workload to those who could produce at that level or higher, or fold my tent and pursue other intrests. And were that the case, shruggung, while cutting the nose to spite the face, would probably be the most cost effective and honest response.
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      • Posted by LetsShrug 11 years ago
        It boils right down to value and worth... to the employer. The employee assumes they're owed a "living" wage for whatever job they decide to take. Amazing.
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        • Posted by $ Susanne 11 years ago
          Even worse, I found most young adults chronically undervalue or overvalue their productivity. I've had some that have no idea what their productive value is on a job (asking me what I should pay them - astounding!) which leads to a good conversation with them on setting value and prices... I've had others look at me insisting they deserve the managerial suite with the corner office and a 6 digit salary for an entry level job (which usually leads to a rather, um, different discussion)...

          Bottom line is the sad truth that children in school have been (at least as long as it's been since I was in high school) ill-equipped to be enterpreneuers - or worse, developed to become serf-level capitalist hating wage slaves (and good communist party members...) - and in fact are conditioned and perhaps indoctrinated to that level of non-leadership-based lack of knowledge so they not only cannot succeed as an enterpreneuer, capitalist, or producer of wealth, but it is virtually impossible for them to do so, and as such, are conditioned to hate those who are not so inhibited.

          Marx... Lenin... Engels... (and those who follow in your footsteps to continue your evil traditions)... Take your bows. You have succeeded in destroying our youth, and in doing so, the best and brightest we could have had to offer.
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          • Posted by LetsShrug 11 years ago
            This actually leads right into the post I read earlier and how self esteem as replaced intelligence.
            http://www.galtsgulchonline.com/posts/32...

            Schools are all for building self esteem, they think it's the answer to success...how they achieving this self esteem however is shallow and flimsy. It lacks the real basis of earning, productivity and worth...it's more based on effort celebrations than actual accomplishments. And don't get be started on the entitlement attitudes they breed.
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        • Posted by 11 years ago
          They're owed NOTHING they haven't first earned. There is the crux of the problem. Entitlement indoctrination from preschool-you have to share, don't hurt feeeelings.
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          • Posted by LetsShrug 11 years ago
            Bingo. when I bring a games, letter tiles, dice, bells, whatever, to groups I make it a point to say that these do not belong to them (sometimes not even to me) that we've borrowed them so we have to share them...if they were yours then you could have them all to yourself, but they're not yours. (And also the taking care of other people's stuff better than you take care of your own talk too.) I swear some of them have never heard this idea before...but some have and that's always nice to see.
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    • Posted by dave42 11 years ago
      It's not just the nominal wage. There's also the employer portion of Social (in)Security/Medicare, unemployment insurance, workman's comp, mandatory healthcare, racial profiling/reporting, and a host of other imposed costs (some monetary, some regulatory).

      All of these together combine to saw off the first few rungs of the ladder of opportunity. What small businessman is going to risk that the unskilled high-schooler is going to be worth $20+ per hour.

      It won't happen all at once, but businesses will replace several lower-skilled workers with fewer higher-skilled workers. Current workers will have to show which pool they belong in.
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      • Posted by Hiraghm 11 years ago
        I got called into the personnel office last night.
        I was given my yearly evaluation, which resulted in a 40 cent an hour raise.

        Which could be comparatively wiped out by a raise to the minimum wage.

        As the minimum wage raises what employers pay for low-skilled workers, they'll have to raise prices to cover the increase.

        So my wage, which won't automatically go up proportionally to the raise in the minimum wage, will be able to buy less.
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