Minimum Wage Law

[townpete]

More truth and more negatives.
 
I am noticing a pattern here.
 

Yeah no kidding.

 

[xUT]

I have been crunching some numbers to see the impact on how this will effect me.
 
View attachment 11252
 
A 50% increase in my payroll will put me out of business if I can not pass on the increases to my consumers.
 
B) xUT
 
(Too bad this blog can not post Excel files... )
 
Base Wage                                                                          $10.00  $11.00  $12.00  $13.00  $14.00  $15.00
SS (6.2%)                                                                             $0.62     $0.68     $0.74     $0.81     $0.87     $0.93
Medicare (1.45%)                                                                 $0.15     $0.16     $0.17     $0.19     $0.20     $0.22
Workmans Comp (~6%)                                                       $0.60     $0.66     $0.72     $0.78     $0.84     $0.90
Unemployment Ins (4.3%)                                                    $0.43     $0.47     $0.52     $0.56     $0.60     $0.65
Training Tax (0.1%)                                                               $0.01     $0.01     $0.01     $0.01     $0.01     $0.02
Total Cost to Employer                                                         $11.81  $12.99  $14.17  $15.35  $16.53  $17.71
Average Hours year (NO overtime) 2080                      $24,554.40         $27,009.84         $29,465.28         $31,920.72         $34,376.16                                                                           $36,831.60
16 Employees Total Base per annum                           $392,870.40       $432,157.44       $471,444.48       $510,731.52       $550,018.56                                                                        $589,305.60
Approx 8 Employees work 30 hrs OT x1.5 per period (14 days = 26 weeks)            
                                                                                                 $110,494.80       $121,544.28       $132,593.76       $143,643.24       $154,692.72                                                                        $165,742.20
Payroll Per Annum                                                          $503,365.20       $553,701.72       $604,038.24       $654,374.76       $704,711.28                                                                        $755,047.80
% Increase Per Annum                                                                                   10%        20%        30%        40%        50%

 

[cltrat]

maybe another meme from occupymoron will explain all this

 

[delldude]

 

[Glenn Quagmire]

Yep. That is easy for everyone who already has the advantage of transportation, access to education, family support, decent health, a way to feed themselves, an address, a way to apply for aid if available, etc. Maybe fa La La ti ta do re me dil do do is willin to provide a ride to some of these folks. He has ready websites showing where they can get free education (in Tulsa, how is public transportation there?), like he got, thanks to the state of OK and the Federal Government grant system.

 

[xUT]

Yep. That is easy for everyone who already has the advantage of transportation, access to education, family support, decent health, a way to feed themselves, an address, a way to apply for aid if available, etc. Maybe fa La La ti ta do re me dil do do is willin to provide a ride to some of these folks. He has ready websites showing where they can get free education (in Tulsa, how is public transportation there?), like he got, thanks to the state of OK and the Federal Government grant system.

 
Yea, 'people like me'.
Never had a pot to piss in or a window to throw it out of.
Struggled through high school because I had to work part time jobs.
One year of varsity foot ball then back to work.
Grades not too good so no college grant for me.
 
Joined the military.
They helped pay for my college.
There are always ways, just have to look for them.
My nephew was pretty much in the same situation I was in.
Suggested him to go in the military.
He looked me straight in the eye and told me military is for losers.
 
Yep, he's one of the folks that demand a $15 min wage.
F'Him!
 
B) xUT

 

[delldude]

Yep. That is easy for everyone who already has the advantage of transportation, access to education, family support, decent health, a way to feed themselves, an address, a way to apply for aid if available, etc. Maybe fa La La ti ta do re me dil do do is willin to provide a ride to some of these folks. He has ready websites showing where they can get free education (in Tulsa, how is public transportation there?), like he got, thanks to the state of OK and the Federal Government grant system.

 
Get an education or work at WalMart............the decision is yours and yours alone.
 
So what happened to the land of opportunity?
 
Migrants don't seem to have an issue with opportunity.

 

[Glenn Quagmire]

Military is a good option.

 

[cltrat]

 
Get an education or work at WalMart............the decision is yours and yours alone.
 
So what happened to the land of opportunity?
 
Migrants don't seem to have an issue with opportunity.

the land of opportunity turned into the land of the entitled 

 

[southwind]

CEO of Dunkin' Donuts put out a statement that the $15/hr minimum wage is outrageous.  (His words, not mine)  FYI, his rate of pay, assuming a 40-hour week, is $4889/hr.

Become a CEO!

 

[southwind]

$15 an hour will just be passed onto the consumers, which means less product sold, which means less employees needed!

So, in closing you had 10 employees making 11 bucks an hour.... now you have 5 making $15 an hour and 5 making zero an hour!

 

[Kev3188]

Military is a good option.

It is... unless it isn't...

What about those people?

 

[FWAAA]

In the expensive parts of the country, $15/hr isn't enough to be a "living wage," while in cheaper parts of the USA, two people each earning $15/hr could afford a nice house.

So if $15/hr is the "correct" arbitrary minimum wage, and we know it isn't enough for NYC or LA or SFO (or a bunch of other expensive places), why not simply raise the minimum to something livable, like $40/hr or $50/hr?

That way, the minimum wage would guarantee everyone a nice standard of living no matter where they lived, right?

 

[Kev3188]

$15 an hour will just be passed onto the consumers, which means less product sold, which means less employees needed!

You've never heard of the multiplier effect, have you?

 

[delldude]

In the expensive parts of the country, $15/hr isn't enough to be a "living wage," while in cheaper parts of the USA, two people each earning $15/hr could afford a nice house.

So if $15/hr is the "correct" arbitrary minimum wage, and we know it isn't enough for NYC or LA or SFO (or a bunch of other expensive places), why not simply raise the minimum to something livable, like $40/hr or $50/hr?

That way, the minimum wage would guarantee everyone a nice standard of living no matter where they lived, right?

 
Land of the $100 big Mac.
 
How about considering unintended consequences of a $15 minimum wage?
 
Seriously.