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$15 Minimum Wage Hike Causes Shop to Sell $30 Pizzas, Sales Plummet

#5
(This post was last modified: 08-19-2015, 10:48 AM by jj82284.)

15 an hour is just the beginning, you have to remember that as the employer he has another 7% that he has to match for FICA then you have unemployment insurance that goes up, as well as workmans comp etc. etc. etc.  The cost of paying a w-2 employee 15 an hour is way more than 15 an hour.  on top of that he included gratuity in the cost of the Pizza.  

 

More importantly, artificially raising a wage without a corresponding increase in productivity, efficiency, or more customers coming through the door in the case of a sales person leads to distortions in the price.  We can quibble over how much but the fact remains.  

 

The greater question, and the one i have asked in other threads and i will ask again, with the billions of dollars that we spend on education in this country why do we as a society accept it as inevitable that there will be men with families who only have the skills to flip a pizza?


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$15 Minimum Wage Hike Causes Shop to Sell $30 Pizzas, Sales Plummet - by jj82284 - 08-19-2015, 10:42 AM



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