Talk of The Villages Florida - Rentals, Entertainment & More
Talk of The Villages Florida - Rentals, Entertainment & More
#76
|
||
|
||
![]() Quote:
|
|
#77
|
||
|
||
![]()
dittos, same as Corrupticut
|
#78
|
||
|
||
![]() Quote:
|
#79
|
||
|
||
![]() Quote:
|
#80
|
||
|
||
![]() Quote:
|
#81
|
||
|
||
![]()
Maybe retail prices will go up, maybe they won't. The assumptions that all financial relationships are linear and inflexible is not a very good one. First, lets assume that in a P&L or income statement, the minimum wage worker is in COGS, cost of goods sold. so without any changes in revenue or pricing, margins go down. Now margins change all the time for various supply chain and other costs. from margins SG&A costs are spent. Now to maintain the same operating income on a lower margin, some SG&A costs are unaffordable. . . or maybe the owner will accept a lower operating income even after everyone else maintains the same pay.
So every company and owners are different, some may increase prices because they feel entitled to a certain level of income, some may not, however, the business world decisions are never one dimensional and a guarantee. But I will say if you look at the data over the last 50 years, the minimum wage was not indexed to inflation, as a previous poster personally demonstrated. So everyone on a salary and receiving social security received an inflationary raise, which means that their purchasing power remained the same, didn't increase, didn't decrease. Your ability to increase your wages comes from promotions or increased skills or higher demand for your skill. Minimum wage did not get that increase anfor nually many years, so business and everyone else enjoyed the increased profits or the reduced inflationary effect. . . However, when the spread gets very wide, there is a reversion to the mean, and this increase is an example of that, bringing the relationship back in line, or closer to in line with the intent of the rate, entry level employment or unskilled labor But not all jobs can be replaced by machines, there will be some. . . but lets not let schadenfreude be the rule of the forum. its an opportunity for the entry level or for the working class who has no opportunity to increase skills to earn a bit more at the expense of business income margins, and the business will adjust. . . how, not sure, everyone is different. The salaried class and retired class gained while they didn't at different times in the past, the world isn't linear or constantly fair but we aren't all victims all the time either. . . finance guy |
#82
|
||
|
||
![]() Quote:
|
#83
|
||
|
||
![]()
Agree
|
#84
|
||
|
||
![]() Quote:
|
#85
|
||
|
||
![]()
Got to love Australia!
|
#86
|
||
|
||
![]()
Compared to Midwest Florida is my NJ.
|
#87
|
||
|
||
![]()
All else being equal...when expenses go up there has to be increased revenue from incremental new business added, or price increase to you and me OR reduction of expenses (get rid of people).
And I am sure that everybody who is for the ongoing increasing of the minimum wage have no problems with prices being increased ( ![]() Let's mark our calendars and see how long it takes before the $15 minimum is just not enough to live on. A ridiculous concept driven by politicians. |
#88
|
||
|
||
![]()
Doesn’t go fully into practice till 2026; by then it will be equivalent to $10 hour
|
#89
|
||
|
||
![]()
All true points, but the worst of all will be the TRUE minimum wage people (not retired people, teens, and others only working for "extras" in their lives) whose wages will be raised to $15 per hour, they are the real losers in this. Others will some how be able to absorb it, but this will only push that class of workers even further down and out of the lower end of the "middle class". It's a shame, a healthy thriving country is one that EXPANDS the "middle class". It will hurt everyone a little, it will hurt the lowest paid among us the hardest. It's sad. I did notice an extremely wealthy Florida resident, one who has pushed so many "progressive" ideas about drug legalization, and others was a powerful force behind this. It was obviously the desire of the majority of Floridians, so, I guess those of us who think it will do more damage than good will just have to wait and see !
Last edited by Pairadocs; 11-04-2020 at 09:21 PM. Reason: omission |
#90
|
||
|
||
![]() Quote:
Last edited by Pairadocs; 11-04-2020 at 08:33 PM. Reason: sp error |
Closed Thread |
|
|