Quote:
Originally Posted by Barefootsies
I am not angry. I am making a simple point, along with a few other business owners in this thread, that most of you guy have no idea what the TRUE COST of a pay raise or employee is. Here is a link example for your pleasure to educate your brain.
The 'real cost' of an $8.50/hour employee to business = $13.51/hour
http://www.employ-solutions.com/RealCosts.asp |
That's the challenge of running a business. You must deal with things like administrative expenses and taxes. Nobody owes you anything. If your business isn't viable and you can't pay the minimum wage and deal with the overhead then maybe you don't have a viable business. Especially here when the proposed increase is basically just keeping up with inflation over the past decade.
I don't think the above is the situation for many of these businesses though. They can afford the increase and will be able to absorb it through various means. F.U.D. aside it's probably not going to mean a $7 Big Mac either.