Quote:
Originally Posted by potter
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.
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How much is health and work comp insurance going up next year? I just got off the phone with Sentry Insurance who has our business so I know the answer.
You will be surprised at the answer I have.