Quote:
Originally Posted by woj
so IF government sets laws that minimum wage is $20/hr, that you HAVE TO provide $500/month health insurance, unemployment insurance, have to contribute $5k/year to employees retirement plan, etc and on top of that, any money they make will be taxed at 50%, the business owners shouldn't bitch?
business owners will stop bitching as soon as government stops telling them how to run their business...  |
They can bitch all they want. But that isn't going to raise their profit margins and solve their newly created issue. Eventually they need to quit their bitching and focus on solutions to the problem. If you're in a business that revolves around the .gov set minimum wage, then you damn sure better be able to crunch the numbers on minimum wage, know how it effects your margins, and know how to handle changes in it's requirement.
See, this is exactly what I'm talking about. Before even getting into an industry which is effected by minimum wage. The business owner should already fucking know the cost margins of minimum wage, how often it increases, what it increases by, and how those will eventually effect margins on the business. It's a part of that business for christ's sake.