non-starter

Saint Paul, MN

#42 May 7, 2013
Smart Liberal wrote:
<quoted text>
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?
Anything that doesn't agree with their "pass the cost on" or "take a little less profit" mantras is too hard for them to wrap their tiny little minds around. I started out as a dishwasher, then a cook, and ended up running several different restaurants to pay my way through college. The numbers I gave in the example are pretty real world.
BushWhacker

Minneapolis, MN

#43 May 7, 2013
It is impossible to be a Christian & a liberal democrat.

gay marriage

abortion

Since: Oct 08

Location hidden

#45 May 7, 2013
non-starter wrote:
<quoted text>Anything that doesn't agree with their "pass the cost on" or "take a little less profit" mantras is too hard for them to wrap their tiny little minds around. I started out as a dishwasher, then a cook, and ended up running several different restaurants to pay my way through college. The numbers I gave in the example are pretty real world.
Terrific breakdown! Unfortunately it was so far over the little pissants head she will diverting and deflecting on this for a long time. You know those big time investors are not used to having to deal with day to day expenditures,,, they need to keep a clear head so they can make huge %12.00.share investments

“The one and only Smart Liberal”

Since: Aug 12

Former MN Tax Payer

#47 May 7, 2013
Niether of the Above wrote:
<quoted text>Terrific breakdown! Unfortunately it was so far over the little pissants head she will diverting and deflecting on this for a long time. You know those big time investors are not used to having to deal with day to day expenditures,,, they need to keep a clear head so they can make huge %12.00.share investments
As always, spot on.
Bushwhacker

Seattle, WA

#48 May 7, 2013
BushWhacker wrote:
It is impossible to be a Christian & a liberal democrat.
gay marriage
abortion
Lots of liberals engage in neither... Of course, you're still having "difficulty": with contractions, right ???

Please "except" my constructive criticism.... LMAOROTFU~!!!

Since: Feb 10

Location hidden

#49 May 7, 2013
LIbEralS wrote:
Is there a provision for students to earn a lower wage than this? High school & college age kids already have to deal with beating out at least 20 to 30 applicants for a fast food part time job. Of course, all jobs will be part time pretty soon under Obamacare...
Maybe babysitting and mowing lawns, and who knows how long before the politicians get ahold of those? They've already banned kids from having lemonade stands in their front yards without getting a license. Don't want anyone showing some initiative and improving their lot in life, ya know. Gotta keep 'em on the government teat if you want to keep 'em voting for the Ds.

“The one and only Smart Liberal”

Since: Aug 12

Former MN Tax Payer

#50 May 7, 2013
Back on topic...This bill is a jobs killer.

After the Dems destroy the economy, they will come back and berate anyone who fights their tax hike to "put people to work" and to pay for extensions of unemployment.

If the Dems continue to control the legialature as of 2014, and if Gov GoogleyEyes wins in 2014, it will really be time to become a Cheesehead.
Bushwhacker

Seattle, WA

#51 May 7, 2013
This bill is NOT a job killer, it's a smaller government subsidy package & a chance to earn a decent wage...

Poor Corvair kook, your McFries will cost pennies more right moron !??? LMAOROFU ~!
Bushwhacker

Seattle, WA

#52 May 7, 2013
Smart Liberal wrote:
<quoted text>
As always, spot on.
Yeah, "spot on" ??

"a $5 hamburget" ???

Guess, spelling ain't your strength, neither ?
DFL Waste

Minneapolis, MN

#53 May 7, 2013
Just jack up minimum wage to $20 an hour.

Every worker should be able to live on what they earn. After all the USA is not a slavery nation, is it?

If companies pass threw the increased wages to their product or service then so be it. Their customers will just need to pay a little more OR the profit margine could be lowered for those execs living the life of lesure, you know like Al Gore.
Bushwhacker

Seattle, WA

#54 May 7, 2013
DFL Waste wrote:
Just jack up minimum wage to $20 an hour.
Every worker should be able to live on what they earn. After all the USA is not a slavery nation, is it?
If companies pass threw the increased wages to their product or service then so be it. Their customers will just need to pay a little more OR the profit margine could be lowered for those execs living the life of lesure, you know like Al Gore.
margine & lesure ??? LMAOROTFU~!

Suppose you use rational logic and spelling, rather than pretending eating a complete turkey prove Thanksgiving is wrong ???
non-starter

Saint Paul, MN

#55 May 7, 2013
Once again,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.
SeattleMyAzz

Minneapolis, MN

#56 May 7, 2013
Gay Slewsie ran the Post Office into the ground before they fired her. She is a great source for information on ruining all kinds of businesses.
DFL Waste

Minneapolis, MN

#57 May 7, 2013
Bushwhacker wrote:
<quoted text>
margine & lesure ??? LMAOROTFU~!
Suppose you use rational logic and spelling, rather than pretending eating a complete turkey prove Thanksgiving is wrong ???
You ARE on fine spellchecker.

Keep up th gret work..
Bushwhacker

Seattle, WA

#58 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.
Bushwhacker

Seattle, WA

#59 May 7, 2013
DFL Waste wrote:
<quoted text>
You ARE on fine spellchecker.
Keep up th gret work..
You are a fine idiot.

Keep being a great example of your party.

“The one and only Smart Liberal”

Since: Aug 12

Former MN Tax Payer

#60 May 8, 2013
non-starter wrote:
Once again,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.
Gee, I wonder why no one on the Left side of the aisle has posted anything that contradicts what you said?

Because they can't. Thanks for sharing your insights non.

This is a job killer bill. Way to go DFL!

You will have thousands more living on the government plantation and surviving on their monthly allotment of government cheese.
Bushwhacker

Seattle, WA

#61 May 8, 2013
Gee, I wonder if your "elevator" IS CORVAIR POWERED !???

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.
Consistent

Grantsburg, WI

#62 May 8, 2013
Bushwhacker wrote:
Gee, I wonder if your "elevator" IS CORVAIR POWERED !???
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.
Slewblomkin,

Logic never has, and never will be your Forte'.

Stick to posting your Sick Sexual, Gay Bashing and Racist "Feelings".

(Lemme Quote one of the Intelligent posters on Topix)

I love it when the low information voters respond with either a personal attack against the individual that delivered the message, or an attack against the source of the message, without disproving the facts contained in the message.

It shows how weak and ignorant the low information voters actually are. They can not win based on facts, so they attack the message carrier.
Bushwhacker

Seattle, WA

#63 May 8, 2013
Bushwhacker wrote:
Gee, I wonder if your "elevator" IS CORVAIR POWERED !???
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.

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