YOU REALLY SEEM to NOT understand what happens when ya raise min wages.........
Example arby's used to have 2 roast beef sandwiches for 6 $ then they went to 2 for 7$ then they went to 2 for $10's
Their business fell off massively, I just noticed yesterday that they NOW HAVE 4 for 10$ in an EFFORT TO STAY IN BIDNESS.
When they started talking about raising all the wages, I warned at the time there would only be about 6 -12 months that it would help, AFTER THAT PROFIT WOULD FALL and businesses would be on the brink of failure and would HAVE TO RAISE PRICES.
The same holds true with toilet paper dog food people food gas fuel and ANYTHING THAT TAKEs LABORERS to do what it takes to put these things out to be available for all to buy........
Shareholders in these co's DEMAND those co's make money and turn them profits in their stocks..........
IT's just COMMON SENSE AND LOGIC that when LABOR makes up
25-35%
An acceptable average cost percentage is 25-35% of gross sales. This can vary greatly depending on the business, industry, and location. For example, a retail store in a small town may have labor percentages less than 25%, while the manufacturing sector may have labor percentages higher than 35%.Dec 9, 2022
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IF IF IF OR WHEN YA RAISE wages the COST of everything IS IS IS GOING TO GO UP
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