Friday, January 1, 2016

New York Raises Minimum Wage for New Year - Fortune

    Locally consumers are very price conscious and notice the nickel, dime or quarter increases...In that world they won't like the double whammy of higher sales tax and higher minimum wages that will place significant upward pressure on prices, especially in my line of work where margins are always squeezed by higher product costs.
    The only bright spot is energy, where costs are down.
     While minimum wage rose to $9 an hour, the wage board raise for fast food workers upstate rose to $9.75, making it tough for employers to pay less than McDonald's,
      Tipped workers participating in the restaurant wage are going from $5 to $7.50, a 50% increase.
       Many employers struggling to stay above minimum are now struggling to keep up with Albany's edicts.
       The fact is many people make a lot more, but few of those people want to pay more for the products and services they buy.
New York Raises Minimum Wage for New Year - Fortune

13 comments:

Anonymous said...

Happy to pay more to spread what I have around. Matter of fact, isn't that the socialist way?

What's the new income limit for affordable housing?

Anonymous said...

Yup, Crazy Ray says we gotta pay a living wage but he doesn't wanna pay more than $3 for a beer.

Anonymous said...

I think it means if you have a business you need to make sure it is one that can make money, something people need, and want. Look at Subway right now. They need to find the groove again. They have slept to long. I worked for a company in Oct. Man paid use ten a hour. He tripled his investment. He also worked right along side us every night we were open. It requires hard work to get a pay day.

Anonymous said...

Subway just stopped putting meat on their subs. Just like Chipoltles, it wasn't a good deal any more.

Anonymous said...

Chipotles killed two birds with one stone. They addressed food poisoning by cooking out of state and now they will address inflated wages for spoiled teenagers the same way.

Anonymous said...

When the gov't mandates your cost structure, you need to be able to mandate your revenue. That just does not happen.

Ima said...

@4:50 PM
Um, I think businesses already try to make sure they can make money. But the commies just keep making it harder and harder.


I find that the people who "say" they wouldn't mind paying "a little" extra are the same people who drive across town to save 2 cents on gas.

Anonymous said...

Who is this new poster, Ima?

Ima Fan

Anonymous said...

I don't know about that 12:54. I find that the people who say they wouldn't mind paying a little extra, are the ones who have never hired anyone or had to make payroll. They are the ones that always pay a little less than the rest of us, by shopping at the PX.

Ray said...

How do any of you know what I buy? The joke on all of you. I hardly ever go out for a drink. So unless Jeff makes the crappy comments, I really don't know why any of you know my habits. My blog? Face book? Twitter? Ha!

Anonymous said...

11:28, be careful, or you will offend golfers everywhere.


Ray, everybody who knows you, loves you. Don't let it get you down. The only time you slipped up is when you thought your business would disappear unless the Liar in Chief gave you a pile of money. Where is your blog?

Anonymous said...

And the 170 IQ thing.

Ray said...

I still have a high IQ and my blog isn't far. http://crazyraysdays.blogspot.com/