Kev3188 said:
You've never heard of the multiplier effect, have you?
That doesn't take into account of the effect that raising costs in a business is going to be directly paid by the consumer in higher prices.
When you take a simple warehouse employee getting a 50% wage increase, that cost will be reflected in the goods sold from the warehouse.
When the distributor has to pay a 50% increase in drivers and loaders, the increase distribution costs will be reflected in their service.
For a retail business, increased costs will be paid by the consumer or the business will fail.
I don't understand why any one thinks that this is not inflationary.
As a business owner, I don't give raises to just everybody 'just because'.
This silly communistic law has taken away my leverage to reward hard working employees to show the bottom feeders that if you work hard and do a good job, you 'will' be rewarded.
Good for the Gooberment! Higher wages means higher taxes. But it also means an increase in my taxes too.
Higher wages means higher SS, Medicare and workman's comp premiums.
Yea I konw, who cares... :wacko:
Gooberment at it's 'best'!
Bad enough we now have to pay for 24 hours sick time per year per employee 'no questions asked'.
So when an employee calls in sick (usually the same day) we have to scramble to get someone to cover, usually at time and a half. So now I have to pay sick pay, AND pay someone x1.5 to cover them.
Hey we are not a big operation and don't have reserve workers sitting in the back playing Sudoku in case they are needed.
Regardless, these 'laws' are imposed on me and I must adhere.
Just don't #### at me when we raise prices.
B) xUT