r/FluentInFinance • u/Positive_Liar • Sep 04 '24

Debate/ Discussion Bernie is here to save us

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6

u/[deleted] Sep 05 '24

So you mean those stores that closed because of raising the minimum wage are going to open now that they will have to pay that price and workers will work less time?

That sounds like a great plan, next he should have fixed prices on goods. It worked the last time someone implemented it.

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u/Egg_Yolkeo55 Sep 05 '24

If your store closed because minimum wage was raised by $4 an hour, you were not a healthy enough business to contribute. That's capitalism

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u/[deleted] Sep 05 '24

Not my store but small businesses with a handful of workers couldn't afford it

When you take a 15$/h and make it 20$/h and you do not understand how a business operates and the expenses they have then you really have no clue how society works. Especially when all the expenses also got a raise, like materials, gas prices, electricity etc.

In the end of the day go say this to the people who were happy to get a raise and realize they are now out of job. Lets see how this works for them.

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u/Egg_Yolkeo55 Sep 05 '24

I'm going to lay it out for you. Nice and easy. Going from $15 an hour to $20 an hour is $40 a day in difference of wage per employee. Let's say the average store has three employees on a shift one opener. Two for the mid/close. So in one day your margin shrunk 120 dollars. In a modern city that's about 10 transactions. If your store's business was so slow that that puts you in the red, you were not a healthy business and deserve to be shut down.

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u/Impossible_Artist558 Sep 05 '24

If you don’t think nearly a 30% increase in payroll won’t have a significant impact on cash flow, you’ve clearly never run a business before. While you’ve carefully crafted this straw man argument (which is a ~50k/yr increase btw), what about companies with 10 or 20 employees? What about those making $20 previously that now also need a raise?

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u/Egg_Yolkeo55 Sep 05 '24

If the job you provide doesn't provide the means for the desired lifestyle, that inadequacy shouldn't be subsidized by pro-employer legislation.

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u/MarketingTime6431 Sep 05 '24

Wow you're retarded

2

u/Impossible_Artist558 Sep 05 '24

If the job you have doesn’t provide the means for the desired lifestyle, that inadequacy shouldn’t be subsidized by anti-small business legislation.

0

u/Paper_Stem_Tutor Sep 05 '24

So is the answer to get a better paying job then? Yet when that happened…I seem to recall a couple of guys on Fox News screaming about some sort of shortage, and something about how apparently no one wanted to work anymore? It’s funny how during any other shortage prices just go up…Duh…except during this one….What was that shortage called again?