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Florida minimum wage increase passes

#29

(11-04-2020, 12:33 PM)HURRICANE!!! Wrote:
(11-04-2020, 12:26 PM)EricC85 Wrote: Here’s a scenario to put it in perspective. I pay entry level live guys $13 an hour starting out. It’s a physically demanding job long hours and lots of grunt work. Paying them $5 over minimum wage is fair it’s a start in a very good trade, if they stick with it they can grow to make a good living but I absolutely can’t pay them $15 and keep my labor cost the same. Now my mid level guys with experience already making $15-$17 an hour are going to be at near the same pay as fast food workers. If I can’t get corporate to give them significant increases they’re going to leave and I’ll have to hire their replacements at near $20 an hour. That kind of increase in labor cost is naturally going to influence what I have to charge for labor. How much probably looking at another $50-$75 an hour to keep the same profit margins(which are extremely low in our line of work already) a 1.5 million dollar shop will only be profitable by about 100k at the end of year.

That’s just the effects on your car repair multiply that to every aspect of your life.


Good point.  I didn't think about the domino effect of the person currently making $15 ultimately wanting $20 and so forth.

Yeah they never mention the fallout from the feel good policy implementation do they.
Original Season Ticket Holder - Retired  1995 - 2020


At some point you just have to let go of what you thought should happen and live in what is happening.
 

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Messages In This Thread
Florida minimum wage increase passes - by EricC85 - 11-04-2020, 10:59 AM
Copycat - by copycat - 11-04-2020, 08:50 PM
homebiscuit - by homebiscuit - 11-04-2020, 12:47 PM
RE: homebiscuit - by EricC85 - 11-04-2020, 01:06 PM
RE: homebiscuit - by mal234 - 11-04-2020, 01:31 PM
RE: homebiscuit - by p_rushing - 11-04-2020, 01:09 PM
RE: homebiscuit - by mikesez - 11-04-2020, 03:51 PM
homebiscuit - by homebiscuit - 11-04-2020, 03:02 PM
RE: homebiscuit - by StroudCrowd1 - 11-04-2020, 03:03 PM



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