Thread: Min. Wage
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Old 05-11-2014, 08:03 AM   #14 (permalink)
peach
 
Join Date: Mar 18 2005
Location: GA
Posts: 1,153
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Re: Min. Wage

Quote:
Originally Posted by DH View Post
I find it ironic that you support this but fought tooth and nail the 10% tan tax. In fact, most on here still blame a measly 10% tax for the failure of thousands of salons across the country but support a 40% increase in labor cost which is our largest expense.

So, lets see I spent $70,000 in labor last year. What will my increase be thanks to all you liberals with my money:

$70k X %40=$98,000 increase of $28,000 (this is if you pay minimum wage)
$70k X %20=$84,000 increase of $14,000 (this is if you pay $8.25ish)

The only way to recoup this money is to raise prices. No way to charge a tax and blame it on the government. Wonder how many salons will close after this 20 to 40% increase is operating cost?
A measly 10%! -Give me that measly 10% then! Just think of what I could have done with the $4,000 check that I sent to the IRS for that measly 10% last week! I bet I could have stimulated the economy a little with it.

Raising prices cannot be our answer to all of our problems. As I have said before, we are pricing our non-necessary, luxury services above most peoples ability or desire to afford it right now.
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