Bushwhacker

Seattle, WA

#21 May 6, 2013
Smart Liberal wrote:
<quoted text>
The goal is to become the France of North America. Fully unionized workforce, non-productive, stagnant economy, and lots of state authorized vacation time.
If that is your goal, you deserve a job that pays minimum wage.
State authorized vacation time...like bushwhacker, right rhetoric boi ???
non-starter

Saint Paul, MN

#22 May 6, 2013
Smart Liberal wrote:
<quoted text>
The goal is to become the France of North America. Fully unionized workforce, non-productive, stagnant economy, and lots of state authorized vacation time.
If that is your goal, you deserve a job that pays minimum wage.
A $9.50 minimum wage is just another tax increase on small businesses and restaurants.
Consistent

Grantsburg, WI

#23 May 6, 2013
non-starter wrote:
<quoted text>A $9.50 minimum wage is just another tax increase on small businesses and restaurants.
Micky D's and Popeye's Fried Chicken do not care about the doubling of Minimum Wage, They will reflect the increase in costs, in their Menus.

In the same way that High Fuel Costs do no matter down on the Plantations because wif a Bus Pass the Shaat be sobsised any wa it don't cost the Folks Nuffin!

That ol' EBT card be working good at the Mickey D's duh same way!

If it be cost mo, then the US Constitutions be sayin that the "folks" will be gittn mo Money on the EBT Pogram.

The Minumum Wage increase is More Free Shaat for the Demokrat Sheeple to keep um on the Plantations.

Also, Do not forget that ALL Union Dolla's are tied to the Minimum Wage, and that ANY increase in Minimum Wage is automatically ammunition for the Corporate Boards at Ameikan Unions, to be gettin pay increases too!

(I anxious to see what one of the Topix defectives tosses out as a One Liner to direct away from these Awful Truths)
Consistently Drunk

Minneapolis, MN

#24 May 6, 2013
Lot's of lies here. And lots of racism here.

McDonalds and Popeye's very much care about the minimum wage. There is a limit to how high they can raise the price of their food before customers start dropping off.

EBT cards in Minnesota cannot be used to purchased prepared food, such as McDonald's and Popeyes, and you are fully aware of that.

Union pay is not in any way tied to minimum wage, although low paid union workers (janitorial and food service workers, for example) may demand pay increases, which are deserved.

Your racist rants are appalling. No black in his right mind would vote Republican after reading one of your rants.
Bushwhacker

Seattle, WA

#25 May 6, 2013
non-starter wrote:
<quoted text>A $9.50 minimum wage is just another tax increase on small businesses and restaurants.
Like costs aren't passed on and profits cannot absorb a little cost, rather than pay for welfare for working Americans....
Consistent

Grantsburg, WI

#26 May 6, 2013
Wow!

Similar Iddiotic responses within the same Hour from Topx's Two major Stupidio's!

Slewblomkin seeks to have the Collective take IMMR Profits away from the people that earned them, and redistribute them via the Law, to enforce the Policies of the Collectivist Victim Demokrats of Minnesotastan.

The Minneapolis Poster of Spurious Character, gives us the "Truth" as she has experienced it.

I cannot speak to the Rules in the Peoples Republic of Minnesotastan as she can, but I do know that it is common in many Demokrat Controlled States for the Victim Class to feed the chilren on Mickey D's.....Think OBESITY in some ub da "Communities", and know that Momma be feeding here Welfare bavies on da fas feed.

Ignore the Cultural Defects, Down on the Demokrat Plantations, they be Bictims!
Consistent

Grantsburg, WI

#27 May 6, 2013
Consistently Drunk wrote:
Lot's of lies here. And lots of racism here.
McDonalds and Popeye's very much care about the minimum wage. There is a limit to how high they can raise the price of their food before customers start dropping off.
EBT cards in Minnesota cannot be used to purchased prepared food, such as McDonald's and Popeyes, and you are fully aware of that.
Union pay is not in any way tied to minimum wage, although low paid union workers (janitorial and food service workers, for example) may demand pay increases, which are deserved.
Your racist rants are appalling. No black in his right mind would vote Republican after reading one of your rants.
Victim Racist,

"No black in his right mind would vote"

WHY do you constantly bring your Racial Politics into EVERY Thread?

You will NEVER comprehend that the problem is CULTURAL, not RACIAL.....You Racist Pig!
non-starter

Saint Paul, MN

#29 May 7, 2013
Bushwhacker wrote:
<quoted text>Like costs aren't passed on and profits cannot absorb a little cost, rather than pay for welfare for working Americans....
Yeah, a $2.25/hr raise. Based on how restaurants are run for costs, a $5 hamburget just jumped up to at least $7. More people will stay home, eat out less, putting more restaurants under, employing even less people, putting more unskilled people on unemployment and welfare. Your grasp of operations is second only to your obtuse replies. Welfare? Unlike you, I don't promote working in a minimum wage job as a career.
Bushwhacker

Seattle, WA

#30 May 7, 2013
SO, your "$5 hamburget" is all that sold the WHOLE HOUR ???

Try again, but this time take your head outta your azz.... LMAOROFU~

Figuring 10 workers making 100 meals per hour, the cost just "jumped" 22.5 cents per meal.....

Please, don't "invest" money, you clearly aren't intelligent.

“The one and only Smart Liberal”

Since: Aug 12

Former MN Tax Payer

#31 May 7, 2013
non-starter wrote:
<quoted text>Yeah, a $2.25/hr raise. Based on how restaurants are run for costs, a $5 hamburget just jumped up to at least $7. More people will stay home, eat out less, putting more restaurants under, employing even less people, putting more unskilled people on unemployment and welfare. Your grasp of operations is second only to your obtuse replies. Welfare? Unlike you, I don't promote working in a minimum wage job as a career.
The ignorant that have never looked at a balance sheet for a business will tell you that the additional labor costs can be absorbed and that the increases - if any - will be minimal.

There are very few businesses that are not already stretched to the limit with increased government regulatory costs and increased taxes. Now you are saying that a private business needs to pay someone $9.50 per hour for a job that is worth only $7.50 to the bottom line...screw them.

It will be far easier to fire the low end worker and require other employees to pick up those duties. In addition, there are almost no jobs that can not be automated or outsourced.“More unemployed workers, coming up!”

This is the ignorant moochers and politicians telling private businesses that the government rules them. F**k you, politicians.

You did not build my business, I did. You do not run my business, I do.

But you sure are going to be the cause of people losing their jobs. And I am going to make sure everyone knows that.
non-starter

Saint Paul, MN

#32 May 7, 2013
Let us quantify some numbers, slewchebag.

Say a restaurant averages $15k per week in sales, and grosses about $780k per year in revenue.

Of that total, labor runs about 25%, cost of food runs 25%, management runs about 6%- 10%, for this exercise, let's claim 8% for management. Between the two, the total is $260,000 annually for labor, and $195,000 for cost of food.

Workers comp in a restaurant runs about 5% of payroll, social security and Medicare/medicaid, the employer portion runs 7.65% of payroll. 12.65% of $260,000 is $32,890.

Heat, electricity, rent/mortgage, real estate taxes, vary with the difference between a lease and a mortgage, but that runs around $2 to $5k per month. For this exercise, let's say $3k per month, or $36k per year.

General liability insurance, bonding insurance, etc. runs around $6k per year.

A franchised restaurant pays royalties to the parent company of around 7% of sales, for this example,$54,600 annually.

A franchised restaurant also typically must pay marketing dollars to the parent restaurant, generally 5 - 7% of sales, for this example, let's use 6%, or $39,000 annually.

Interest on an SBA loan,$500k at 7% interest, paid back over 7 years, about $10k per month, or $120k.

Now for the totals, excluding any other incidental costs incurred.

$260,000
$195,000
$ 32,890
$ 36,000
$ 6,000
$ 54,600
$ 46,800
$120,000

For a total of $750,690, leaving just under $30k profit EBIT, a little less than 4%, like many restaurants return.

Raising wages 30%(actually 31%, but who is counting?), from $7.25 to $9.50/hr raises $260k to $338k. 12.65% of $338k is $42,757. If the only impacts are wages it is about $88k, more.

To make a 4% profit EBIT, now the restaurant has to raise revenue by $92k($88k +4%), but the general liability, royalties, marketing dollars, etc. increase as well.

Food prices are increasing as well, so a 10% hit to food is not unrealistic, another $20k there....average price over all the food in the restaurant has to increase by at least 15%.

This does not include local sales taxes etc.

Using a simple economic supply/demand chart, the number of sales would decline, so additional marketing dollars would be needed to make the revenue numbers. If the revenue is not met long term, the enterprise goes bankrupt.

But hey, slewchebag, you know everything about running small businesses and restaurants, after all, you pick mythical stocks. I am sure your mythical small business expertise is just as good.
Bushwhacker

Seattle, WA

#33 May 7, 2013
Sure are "SMURT", now spell HAMBURGER !!!

Yeah, my stocks MUST BE MYTHICAL or you're a loser, right ???

SO, your "$5 hamburget" is all that sold the WHOLE HOUR ???

Try again, but this time take your head outta your azz.... LMAOROFU~

Figuring 10 workers making 100 meals per hour, the cost just "jumped" 22.5 cents per meal.....

Please, don't "invest" money, you clearly aren't intelligent.
non-starter

Saint Paul, MN

#34 May 7, 2013
non-starter wrote:
Let us quantify some numbers, slewchebag.
Say a restaurant averages $15k per week in sales, and grosses about $780k per year in revenue.
Of that total, labor runs about 25%, cost of food runs 25%, management runs about 6%- 10%, for this exercise, let's claim 8% for management. Between the two, the total is $260,000 annually for labor, and $195,000 for cost of food.
Workers comp in a restaurant runs about 5% of payroll, social security and Medicare/medicaid, the employer portion runs 7.65% of payroll. 12.65% of $260,000 is $32,890.
Heat, electricity, rent/mortgage, real estate taxes, vary with the difference between a lease and a mortgage, but that runs around $2 to $5k per month. For this exercise, let's say $3k per month, or $36k per year.
General liability insurance, bonding insurance, etc. runs around $6k per year.
A franchised restaurant pays royalties to the parent company of around 7% of sales, for this example,$54,600 annually.
A franchised restaurant also typically must pay marketing dollars to the parent restaurant, generally 5 - 7% of sales, for this example, let's use 6%, or $39,000 annually.
Interest on an SBA loan,$500k at 7% interest, paid back over 7 years, about $10k per month, or $120k.
Now for the totals, excluding any other incidental costs incurred.
$260,000
$195,000
$ 32,890
$ 36,000
$ 6,000
$ 54,600
$ 46,800
$120,000
For a total of $750,690, leaving just under $30k profit EBIT, a little less than 4%, like many restaurants return.
Raising wages 30%(actually 31%, but who is counting?), from $7.25 to $9.50/hr raises $260k to $338k. 12.65% of $338k is $42,757. If the only impacts are wages it is about $88k, more.
To make a 4% profit EBIT, now the restaurant has to raise revenue by $92k($88k +4%), but the general liability, royalties, marketing dollars, etc. increase as well.
Food prices are increasing as well, so a 10% hit to food is not unrealistic, another $20k there....average price over all the food in the restaurant has to increase by at least 15%.
This does not include local sales taxes etc.
Using a simple economic supply/demand chart, the number of sales would decline, so additional marketing dollars would be needed to make the revenue numbers. If the revenue is not met long term, the enterprise goes bankrupt.
But hey, slewchebag, you know everything about running small businesses and restaurants, after all, you pick mythical stocks. I am sure your mythical small business expertise is just as good.
I even left out state and federal unemployment tax, banking fees, bad checks, credit card charge challenges by customers, cleaning supplies, inventory "shrinkage" and waste, and a host of other expenses.
Bushwhacker

Seattle, WA

#35 May 7, 2013
None of which will affect the wage hike..... They ALREADY EXIST, childish one.
Bushwhacker

Seattle, WA

#36 May 7, 2013
Now, include changing the numbers on the payroll computer, childish one.... LMAOROTFU~!
non-starter

Saint Paul, MN

#37 May 7, 2013
Bushwhacker wrote:
None of which will affect the wage hike..... They ALREADY EXIST, childish one.
Federal and State unemployment taxes are paid on a percentage of payroll, I can't type any slower than this slewchebag. As for bad checks, if the average ticked price increases, the average bad check amount increases with it. Try to keep up super investor and small business genius.
Bushwhacker

Seattle, WA

#38 May 7, 2013
From the Blaze biased rag ?? Sure, whatever.....
non-starter

Saint Paul, MN

#39 May 7, 2013
It is obvious to all reading the posts, that you are unable to comprehend things other than "pass the costs on, and take less profit" slewchebag. Unfortunately, it doesn't work that way, nothing is free. More money paid out in wages will mean fewer small businesses, fewer restaurants, and fewer jobs for unskilled workers.
Say a restaurant averages $15k per week in sales, and grosses about $780k per year in revenue.
Of that total, labor runs about 25%, cost of food runs 25%, management runs about 6%- 10%, for this exercise, let's claim 8% for management. Between the two, the total is $260,000 annually for labor, and $195,000 for cost of food.
Workers comp in a restaurant runs about 5% of payroll, social security and Medicare/medicaid, the employer portion runs 7.65% of payroll. 12.65% of $260,000 is $32,890.
Heat, electricity, rent/mortgage, real estate taxes, vary with the difference between a lease and a mortgage, but that runs around $2 to $5k per month. For this exercise, let's say $3k per month, or $36k per year.
General liability insurance, bonding insurance, etc. runs around $6k per year. It is based on sales.
A franchised restaurant pays royalties to the parent company of around 7% of sales, for this example,$54,600 annually.
A franchised restaurant also typically must pay marketing dollars to the parent restaurant, generally 5 - 7% of sales, for this example, let's use 6%, or $46,800 annually.
Interest on an SBA loan,$500k at 7% interest, paid back over 7 years, about $10k per month, or $120k.
Now for the totals, excluding any other incidental costs incurred.
$260,000
$195,000
$ 32,890
$ 36,000
$ 6,000
$ 54,600
$ 46,800
$120,000
For a total of $750,690, leaving just under $30k profit EBIT, a little less than 4%, like many restaurants return.
Raising wages 30%(actually 31%, but who is counting?), from $7.25 to $9.50/hr raises $260k to $338k. 12.65% of $338k is $42,757. If the only impacts are wages it is about $88k, more.
To make a 4% profit EBIT, now the restaurant has to raise revenue by $92k($88k +4%), but the general liability, royalties, marketing dollars, etc. increase as well.
Food prices are increasing as well, so a 10% hit to food is not unrealistic, another $20k there....average price over all the food in the restaurant has to increase by at least 15%.
This does not include local sales taxes etc.
Using a simple economic supply/demand chart, the number of sales would decline, so additional marketing dollars would be needed to make the revenue numbers. If the revenue is not met long term, the enterprise goes bankrupt.
But hey, slewchebag, you know everything about running small businesses and restaurants, after all, you pick mythical stocks. I am sure your mythical small business expertise is just as good.
non-starter

Saint Paul, MN

#40 May 7, 2013
Bushwhacker wrote:
From the Blaze biased rag ?? Sure, whatever.....
This is typed off the top of my head, slewchebag, unlike your unattributed posts.

“The one and only Smart Liberal”

Since: Aug 12

Former MN Tax Payer

#41 May 7, 2013
non-starter wrote:
<quoted text>Federal and State unemployment taxes are paid on a percentage of payroll, I can't type any slower than this slewchebag. As for bad checks, if the average ticked price increases, the average bad check amount increases with it. Try to keep up super investor and small business genius.
Thanks for doing the research and putting the information up.

Too bad those that are part of the Moocher Class will continue to Alinksy you with important issues like how to spell a particular word.

However, you already knew what the ignorant tools of the Left would say to your factual response, didn't you?

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