Quote:
Originally Posted by LuvtheVillages
In 2009, the minimum wage was $7.25. Effective Sept 2022 it was $11.00, on the way to $15.00 in a few years. That's a 110% increase.
When payroll increases, payroll taxes (FICA) also increase, workers comp insurance increases. I expect health insurance costs have increased.
Property taxes have increased. I believe the cost of water and supplies has also gone up.
A lot has happened in the four or more years since you have been there. I do not attribute the price increase to greed. I attribute it to a poorly managed economy.
This is the same reason why there are fewer ambassadors on the golf courses and fewer workers at the fast food places.
No, I do not think it is greed.
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It's not minimum wage and taxes. Have you seen the difference in what CEOs are paid vs the workers in a company?
"The median CEO in the S&P 500 was paid 196 times as much as the median employee in 2023, according to an analysis by Equilar and The Associated Press. That’s up from a ratio of 185 in 2022. The widening divide is driven by the fact that CEO pay — which is closely tied to share prices — is rising notably faster than that of employees." (compensationresources.com)