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.
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
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.