NM Governor Martinez vetoes minumum wage hike bill

Mar 31, 2013 Full story: Deming Headlight 128

Gov. Susana Martinez on Friday vetoed a bill to increase the state's minimum wage by $1 an hour, to $8.50. Martinez, a Republican, blamed majority Democrats in the state Legislature for seeking too large an increase.

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idgaf

Tewksbury, MA

#102 Apr 15, 2013
justice is just a choice wrote:
<quoted text>
I appreciate your thoughtfulness...
Name 1? Here's 3.
http://windowsitpro.com/splunk/carscom-achiev...
http://www.environmentalleader.com/2011/05/06...
http://www.pr-inside.com/tagman-s-300-partner...
Just hope that at some point others would do "research" before negating what I post. LOL
As for Walmart their ROI is about 19% with a net of about $14 billion. So you seriously think Walmart can't afford to pay a tad extra. With about 2 million employees if everyone got a $1 extra that works out to about $3.8 billion dollars which lowers the net to $10.2 billion dollars. Okay BILLION dollars and not just ONE, but TEN BILLION DOLLARS.
Anyway I ran a BBQ restaurant, managed a handyman service, and have my own production company, plus my non-profit club basketball program. I know business so these comments stating I need to own my own business to understand are quite foolish assumptions on your part. The restaurant is closed and the handyman service was turned over, but I am still running my production companies and my club program with my club being the more successful of the others, but it's not for profit. LOL. So the ROI is nil. However within the next few months if I can pull off this deal then all that will change. Oh the club will still be 501(c)(3), but it'll be within another venture that will be for profit.
You failed to understand that there are exceptions. Of course, there are a few here and there, but walmarts are hardly in the ballpark.

Also, depending on the industry, roi can be significant. Develop an advertising webpage that is very successfulk and u could be at 20000 percent. It's like being a rockstar. Very few make that.

8-20 is not unreasonable. How much money are you tying up on ur production company? Do you have investors? What's their take?

So, what are you producing? Don't take offense to people's comments, calling you stupid the other day was out of line for sure. You are obviously a bright person.

“Each Thought Creates A Reality”

Since: Nov 08

Location hidden

#103 Apr 15, 2013
One also has to take into account, like JIJAC did, that there are small businesses and smaller businesses. The giant Box Stores are a different kettle of fish. What happens in a large and very diversified business is not what happens in a small boutique or sandwich shop. MickeyD's is not the same as Al's Bratwurst Shack.
Wondering

United States

#104 Apr 15, 2013
Idgaf.....Were you in Boston this PM??? Since you don't give a______???

“Freedom is never free”

Since: Jan 09

El Paso, Texas

#105 Apr 16, 2013
idgaf wrote:
<quoted text>
Couple of questions for you.
- you've identified 3 companies with 200 percent ROIs, yet are struggling to make it? Why not simply invest in these 3? I'd drop 50K on a company like that immediately and make it 150K in 1 year. Why aren't you doing this?
- check your walmart numbers, what they report to the public is 3.8 percent return, maybe they lie to the public and insider share with you??? 18B out of 405 is right around 4 percent.
- you've identified failure on managing 2 businesses, not owning them or putting your money at risk, hardly considered owning a business, it's easy to play with other people's money, I play with someone else's cash at work, not my money, not my risk, not the same
- your non-profit does not count, what's your risk?
Btw, I don't think you need to own a business. Something willow brought up the other day. I think this is all basic math and common sense. Not 200 percent common sense.
Are you asking if I'm struggling to make it or that those businesses I named are struggling to make it? Cuz Cars.com seems to be doing fine. As for investing I've never done that. Now my brother on the other hand he had a great stock portfolio.

Walmart I can only go by what they posted in their annual report. While I didn't take the time to fully calculate their figures. I doubt they're lying considering those reports are given to their investors/stockholders.

I didn't fail on those businesses. And I wasn't playing with someone else's money. I may not have been the sole owner, but to say I failed or I was playing with someone else's money is wrong. Also I didn't say the second one failed I said it was turned over. Given to a different owner.

Oh the non-profit counts, yes indeed. It's a business with expenses and my risk is I have to go into my own pocket to fulfill the goals set each summer. I'm down $80,000. Good thing I'm not married nor have any kids. However while there might not be a financial ROI my real ROI is I'm helping kids in this area get scholarships, helping them move on. See a kid go from living in poverty to having a good career and getting out of poverty is good enough for me. I'm not trying to be a millionaire.

“Freedom is never free”

Since: Jan 09

El Paso, Texas

#106 Apr 16, 2013
idgaf wrote:
<quoted text>
You failed to understand that there are exceptions. Of course, there are a few here and there, but walmarts are hardly in the ballpark.
Also, depending on the industry, roi can be significant. Develop an advertising webpage that is very successfulk and u could be at 20000 percent. It's like being a rockstar. Very few make that.
8-20 is not unreasonable. How much money are you tying up on ur production company? Do you have investors? What's their take?
So, what are you producing? Don't take offense to people's comments, calling you stupid the other day was out of line for sure. You are obviously a bright person.
I did a search and actually found more than just those 3. I just used those because they were familiar companies.

I am producing a feature film so right now cannot make any claim what the ROI is or may be, that would be foolish. Right now I'm focusing on finishing the production focusing on quality. I have 2 people that have invested and off the distributor deal alone will make a very healthy ROI. None of that was discussed, they actually invested because they loved the story and just wanted to see it get done.

Now I may sounded like I just contradicted myself"

"right now cannot make any claim what the ROI is or may be, that would be foolish."

then:

"off the distributor deal alone will make a very healthy ROI"

I say that because I know what the investors have put in and I knew ahead of time how much a distributor pays to "own" the rights to market the film.

Here's a little tidbit:

Movie theaters make around $1 per ticket admission for a movie. If a film doesn't do well within the first 2 weeks of showing the theater owner loses money, That's why concession prices are so high, that's where they make their real money. If a movie is successful however then after 2 weeks the theater owner realizes a box office profit. Actually the distributor takes in the most to recover their efforts in those first two weeks..

Anyway a distributor often pays $250,000 for a film. That's why I know the ROI for my investors is healthy, but again the deal needs to go through and I need a product to solidify that deal. Which by the way on the story alone 2 distributors have shown interest. So hopefully I can make it look good on screen. It reads well, but it;'s gotta show well.:-)
idgaf

Tewksbury, MA

#107 Apr 18, 2013
justice is just a choice wrote:
<quoted text>
I did a search and actually found more than just those 3. I just used those because they were familiar companies.
I am producing a feature film so right now cannot make any claim what the ROI is or may be, that would be foolish. Right now I'm focusing on finishing the production focusing on quality. I have 2 people that have invested and off the distributor deal alone will make a very healthy ROI. None of that was discussed, they actually invested because they loved the story and just wanted to see it get done.
Now I may sounded like I just contradicted myself"
"right now cannot make any claim what the ROI is or may be, that would be foolish."
then:
"off the distributor deal alone will make a very healthy ROI"
I say that because I know what the investors have put in and I knew ahead of time how much a distributor pays to "own" the rights to market the film.
Here's a little tidbit:
Movie theaters make around $1 per ticket admission for a movie. If a film doesn't do well within the first 2 weeks of showing the theater owner loses money, That's why concession prices are so high, that's where they make their real money. If a movie is successful however then after 2 weeks the theater owner realizes a box office profit. Actually the distributor takes in the most to recover their efforts in those first two weeks..
Anyway a distributor often pays $250,000 for a film. That's why I know the ROI for my investors is healthy, but again the deal needs to go through and I need a product to solidify that deal. Which by the way on the story alone 2 distributors have shown interest. So hopefully I can make it look good on screen. It reads well, but it;'s gotta show well.:-)
Thanks for the clarity. You are in the movie business? Excellent. Good luck with the movie. So, you are talking hollywood dreams vs the guy running the dounut shop downtown. Two very different things. Walmart vs the donut guy, still too different. Smalll businesses simply cannot afford to give 1 DOLLAR raises. Explain to me why my logic is wrong?

Btw, my point on the failures was that you said you managed 2 businesses, you didn't state that you were a partner wwith invested money. Different.

Nothing wrong with failing. It is healthy.

My numbers on walmart were taken off the portfolio.

Also, you don't want to get rich, but you wanna make a healthy amount? For charity?

Really, good luck. Not evveryone gets the opportunity to be an actor, producer, singer and make money at it.

“Freedom is never free”

Since: Jan 09

El Paso, Texas

#108 Apr 18, 2013
idgaf wrote:
<quoted text>
Thanks for the clarity. You are in the movie business? Excellent. Good luck with the movie. So, you are talking hollywood dreams vs the guy running the dounut shop downtown. Two very different things. Walmart vs the donut guy, still too different. Smalll businesses simply cannot afford to give 1 DOLLAR raises. Explain to me why my logic is wrong?
Btw, my point on the failures was that you said you managed 2 businesses, you didn't state that you were a partner wwith invested money. Different.
Nothing wrong with failing. It is healthy.
My numbers on walmart were taken off the portfolio.
Also, you don't want to get rich, but you wanna make a healthy amount? For charity?
Really, good luck. Not evveryone gets the opportunity to be an actor, producer, singer and make money at it.
Well the handyman service, we charged $60 an hour and did a lot of commercial repairs and installations so $1 isn't out of the question. Granted it wasn't minimum wage anyway.

As I said I completely understand that a dollar raise will have most companies raising prices to keep their bottom line. My angst was that multimillion dollar companies can afford to give taht raise and not raise prices. Will it hurt a mom&pop, probably, but again if under 11 employees they'd be exempt.

Actually I think the real thing destroying our economy is gas prices. With high gas prices people cut back on going places. With my club team one of the first things I calculate for every trip is how much gas we're going to need. Been doing this for 16 years and strange hotel rates have been about the same, but gas has skyrocketed.

As for the movie, I meant the investors are getting a healthy return on what they've put in. Not me, the one thing I'm looking to do is pay everybody a fair rate, spread out profits to all involved and have enough to make another one.

Thanks for the wishes. Once we get well into production I'll be posting some stuff so you can check it out. I know I can't satisfy everyone, but opinions both negative and positive can help make a better product.

“Each Thought Creates A Reality”

Since: Nov 08

Location hidden

#109 Apr 19, 2013
The old tired the rich can afford it so they should mantra. Yawn. Let's be a little more subtle than:
"My angst was that multimillion dollar companies can afford to give taht raise and not raise prices."
idgaf

Tewksbury, MA

#110 Apr 19, 2013
... handyman service, we charged $60 an hour and did a lot of commercial repairs and installations so $1 isn't out of the question. Granted it wasn't minimum wage anyway.

- so, the handyman got 30/hr and the owner got the rest? Take into account overhead costs and the need to make a return. This could potentially afford a 1 dollar raise, but what about weeks or months when work dried up?

... As I said I completely understand that a dollar raise will have most companies raising prices to keep their bottom line. My angst was that multimillion dollar companies can afford to give taht raise and not raise prices.
- keep in mind that multimillion dollar companies have overhead expenses as well, new investments, taxes, etc 1 dollar is not an easy sell ... The challenge is, can you keep everything else constant while you give the raise
...Actually I think the real thing destroying our economy is gas prices. With high gas prices people cut back on going places.
- gas prices affect everything, travel, vacations, prices of merchandise, services, etc -it costs money to transportthings and the "savings" are always passed onto the consumer
...As for the movie, I meant the investors are getting a healthy return on what they've put in. Not me, the one thing I'm looking to do is pay everybody a fair rate, spread out profits to all involved and have enough to make another one.
- I don't see where your investor has gotten 1 dime of ROI until your movie starts making money. Right now, it is all risk. Also, you mentioned earlier that the investors put money into ths project because theyy liked the story. Reality says that no one would tie up money on ur movie unless there was money to be made. So, once you make it big, I expect to see "producer-X" giving all of his money away, ensuring everyone is getting their fair share.
- a question for you. Whyy not make the movie for free and post it on youtube, free of charge? You're not interested in getting rich, correct?
...Thanks for the wishes. Once we get well into production I'll be posting some stuff so you can check it out. I know I can't satisfy everyone, but opinions both negative and positive can help make a better product
- you are very welcome and that was meant sincerely. It's nice to see people make their dreams come true. Look forward to it.
- so, 1 dollar raise to the minimum wage doesn't make sense as previously stated for many reasons. These tend to be political ploys for power and influence of the voters.
idgaf

Tewksbury, MA

#111 Apr 19, 2013
Willothewisp wrote:
The old tired the rich can afford it so they should mantra. Yawn. Let's be a little more subtle than:
"My angst was that multimillion dollar companies can afford to give taht raise and not raise prices."
I'll take a different approach with you here, just for the fun of it. The rich are rich cause they exploit the poor and benefit from the middleclass. What haappens if all of the sudden all of the poor stop working? Strike of all minimum wagers? Do the rich come down fro their mansions and start doing the work themselves? Do they get the middleclass (consumer) to do the work? Do they raise wages trying to attract the poor back into the good working deal that previously existed? Do they take their toys to china and produce everything there? Seems one group needs the other to function even though no one may want to admit.

As a business owner, what is your most important asset?

“Each Thought Creates A Reality”

Since: Nov 08

Location hidden

#112 Apr 19, 2013
That is right. And the bright exploit their teachers and fellow-students and cheat in order to get their A's. The same old mantra of they only won because they had the money. Watch sports much? That is why we have the great leveling you want. Mediocrity will reign. Anyone who is rich is because they do it on the backs of everyone else. Good thinking.

Since: Aug 08

Location hidden

#113 Apr 19, 2013
Willothewisp wrote:
That is right. And the bright exploit their teachers and fellow-students and cheat in order to get their A's. The same old mantra of they only won because they had the money. Watch sports much? That is why we have the great leveling you want. Mediocrity will reign. Anyone who is rich is because they do it on the backs of everyone else. Good thinking.
(sigh)
idgaf

Tewksbury, MA

#114 Apr 19, 2013
Willothewisp wrote:
That is right. And the bright exploit their teachers and fellow-students and cheat in order to get their A's. The same old mantra of they only won because they had the money. Watch sports much? That is why we have the great leveling you want. Mediocrity will reign. Anyone who is rich is because they do it on the backs of everyone else. Good thinking.
You failed to see or understand the shift I made. My hope was that you would shine on us with brilliance and instead you are talking the party line. My personal view is that you are as successful as you want to be. I don't consider myself crazy successful, but I've got a 6 figure income and I do work that I enjoy. For me, this is a great improvement over the poverty that I grew up in. If you are thinking that I am insinuating that people need to get a free lunch, you are way off base.

I don't watch sports (too many overpaid athletes with a complex of never makiing enough), but have played many and have been a winner all my life. I'm not making the argument that the rich ride the poors backs, but the two are not mutually exclusive. One must work for the other to continue being rich.

So, you didn't answer my question. As the business owner that you are, what is your greatest and most important asset? The most valuable thing?

I'll have to stay that I am not poor by any means or rich, but I also believe in controlled social responsibility.

Since: Aug 08

Location hidden

#115 Apr 19, 2013
idgaf wrote:
<quoted text>
You failed to see or understand the shift I made. My hope was that you would shine on us with brilliance and instead you are talking the party line. My personal view is that you are as successful as you want to be. I don't consider myself crazy successful, but I've got a 6 figure income and I do work that I enjoy. For me, this is a great improvement over the poverty that I grew up in. If you are thinking that I am insinuating that people need to get a free lunch, you are way off base.
I don't watch sports (too many overpaid athletes with a complex of never makiing enough), but have played many and have been a winner all my life. I'm not making the argument that the rich ride the poors backs, but the two are not mutually exclusive. One must work for the other to continue being rich.
So, you didn't answer my question. As the business owner that you are, what is your greatest and most important asset? The most valuable thing?
I'll have to stay that I am not poor by any means or rich, but I also believe in controlled social responsibility.
JLOR's hint of the day: think sarcasm!
idgaf

Tewksbury, MA

#116 Apr 19, 2013
Just left of right wrote:
<quoted text>
JLOR's hint of the day: think sarcasm!
Is there really the need for sarcasm? Why not be straight about your thoughts? IDGAFs thought of the minute. Speak clearly and honestly!

“Freedom is never free”

Since: Jan 09

El Paso, Texas

#117 Apr 19, 2013
idgaf wrote:
...
"- so, the handyman got 30/hr and the owner got the rest? Take into account overhead costs and the need to make a return. This could potentially afford a 1 dollar raise, but what about weeks or months when work dried up?"

***Actually the workers got about $20 per hour. As for overhead costs, etc. I do know about operating businesses. Changing the $20 to $21 was not going to make a difference, but again this is about minimum wage.$20 and hour is definitely not minimum wage.

"- keep in mind that multimillion dollar companies have overhead expenses as well, new investments, taxes, etc 1 dollar is not an easy sell ... The challenge is, can you keep everything else constant while you give the raise"

***You seem to be skipping the point that id you are profiting over a million dollars then a $100,000 annual cut os not going to really hurt that profit. After making a million dollars the only constant that person is thinking of is their home property tax, the benz, and their next vacation.

"- I don't see where your investor has gotten 1 dime of ROI until your movie starts making money. Right now, it is all risk. Also, you mentioned earlier that the investors put money into ths project because theyy liked the story. Reality says that no one would tie up money on ur movie unless there was money to be made. So, once you make it big, I expect to see "producer-X" giving all of his money away, ensuring everyone is getting their fair share."

***First of all that almost sounds like you're saying I'm lying.:-D The full truth is the 2 people invested because they liked the story. That's it. They honestly do not care about how much their return will be they just want to see it done. As for producer-x giving away their share I'm the producer and I already have it in the contracts what everyone gets. I'm not at liberty to really discuss that any further less lawyers get involved.

"- a question for you. Whyy not make the movie for free and post it on youtube, free of charge? You're not interested in getting rich, correct?"

***I answered that. I said I wanted to pay everyone and have enough to start production of another. Posting on youtube is not going to pay my people. Though my friend and I kicked around an idea to do a series on youtube. A television style program. Still might do it because seems the "Mrotal Kombat" was a tad successful. Oh and there was a "Battlestar Galactica" webseries on youtube, so we might do it.

"- you are very welcome and that was meant sincerely. It's nice to see people make their dreams come true. Look forward to it."

Again thanks and what I meant by not being wealthy meant I'd rather live like Warren Buffet instead of Donald Trump. Because if I ever won the lottery I wouldn't give it away, but I for sure wouldn't spend it foolishly. I'd look for the right things to do. With that kind of money real estate is usually the vest investment.

“Freedom is never free”

Since: Jan 09

El Paso, Texas

#118 Apr 19, 2013
idgaf wrote:
<quoted text>
Is there really the need for sarcasm? Why not be straight about your thoughts? IDGAFs thought of the minute. Speak clearly and honestly!
You're not going to get that from them.

I would like to jump in and say as a business owner my most important asset are my employees. If you don't have a committed employee base the business is going to fail because they are not going to care about pushing the business forward. You need people who wake up and are glad to be going to work.

"If you love what you do, you never work a day in your life."

Some people get that, others don't.
idgaf

Tewksbury, MA

#119 Apr 20, 2013
justice is just a choice wrote:
<quoted text>
You're not going to get that from them.
I would like to jump in and say as a business owner my most important asset are my employees. If you don't have a committed employee base the business is going to fail because they are not going to care about pushing the business forward. You need people who wake up and are glad to be going to work.
"If you love what you do, you never work a day in your life."
Some people get that, others don't.
Not exactly true, JLORs been on the good side from time to time. Willow seemed to miss the point I was making. I don't believe in distribution of wealth. I think everyone should work hard for what they earn.

A very simple answer that many business owners do not understand. People tend to forget who makes their business work. Yes, the successful business owner had the insight and understanding to take a calculated riskthat paid off, but their employees helped them make the business successful. Show me a business where the owner is the most prized asset and I'll show you a broken business.

Back to your movie deal. I've not once meantionedor suggested that you were lying. If I believed you were lying, I'd come right out and say so. I don't speak in riddles or with sarcasm (sometimes when it is needed).

Warren Buffet or Donald Trump? Both men are very rich, Buffet more than Trump. Both guys worked hard to get to where they are at. None have spent their money foolishly. Both are smart business people. I don't know that either one gives their employees more than they deserve.

Unless your investors invested 5 dollars on this movie, they care about their roi, unless it's mom and dad. The story may be wonderful, but in the end it is about money. You could be the next Terminator. Low budget film turned smash hit. Good luck.

Other than the fact that the rich walmarts can afford to give a 1 dollar raise, reducing their profits by a couple billion, why is it good to raise the minimum wage?

I'll leave you with this thought ... 2 men see 100 dollars lying on the floor, one man thinks 100 dollars, the third man sees 1000 dollars ... So is the life of an entrepreneur ... Being able to see what is not their ...

Since: Aug 08

Location hidden

#120 Apr 20, 2013
idgaf wrote:
<quoted text>
Is there really the need for sarcasm? Why not be straight about your thoughts? IDGAFs thought of the minute. Speak clearly and honestly!
I always speak honestly. Sarcasm, however, is something, gratefully, thoroughly ingrained in my personality.

Since: Aug 08

Location hidden

#121 Apr 20, 2013
justice is just a choice wrote:
<quoted text>
.......***I answered that. I said I wanted to pay everyone and have enough to start production of another.......
See, you've actually proven one of our points. Profit is not necessarily all about the owner's home, cars or next vacation plan. As you've stated, it can be about future "investments" in the business. The mom and pop shops are probably just about mortgages and bills but the real "entrepreneurs" are about business expansion and investments. To expand, profit margins need to be maintained.

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