Originally Posted by DJ's left nut
I can tell you this - it's going to cost someone with a family a job at my firm.
We hire a lot of college labor to do basic prep work. It's fairly easy stuff but it's easy resume padder and we offer extremely flexible hours so we have a ton of college kids that take the jobs.
Jumping minimum wage to 9 will cost my firm about $40K (and that's conservative; even the kids we're paying $8 or more an hour are going to get sizeable bumps as well). We can't get rid of the college kids; they do the ministerial labor that has to get done. At the same time, we don't have the profit margin to just eat it. That money has to come from somewhere.
So the moment this passes, 4 of us are going to have to sit down and figure out which manager we're going to have to fire. There are 3 of them on the block and they all have families.
This is ****ing stupid. From both a macro and micro economic perspective it makes absolutely no sense. When applied to my company it will make no sense. This goddamn politician that knows nothing about the private sector continues to punish those of us that are desperately trying to keep businesses afloat to score cheap populist points.
This infuriates me. I'm going to have to fire trained, quality staff so I can give more money to my completely fungible staple monkeys.
And why? Because your populist Messiah doesn't know how the real world operates and you and the rest of your mindless followers won't call him on any of this idiocy.
This is reckless and it's irresponsible. It's politics ahead of pragmatism and it's par for the course for the empty suit you so blindly follow.
I call B.S.
If your company can meet demand with one less manager than you have right now, then why do you have that manager in the first place? Sounds like your company is wasting money hiring more people than needed to meet demand. I wouldn't blame minimum wage on the fact that your overpaying employees you apparently don't need.