So our great state of Illinois just passed a new minimum wage law moving it to $15 an hour. Its a raise over 5 years which comes out to be a little more than a $1 per year. I’m conflicted about the wage hike in that I have been a proponent for raising the minimum wage for many years. It was $8.25 which is ridiculous. Nobody can live on that wage. I start all my new employees at $11. Even that is low but its what I can afford for some roles in the company. I have no problem having lower wages for students and those under 18 but even then they can’t be asked to do the same tasks as the adults. But $15 is the opposite and is also ridiculous.
Having all employees make $30,000 dollars a year will mean I have to cut back on employees. It will also force me to pay all more experienced employees more money as well. We run a very strict sales to payroll ratio and that just can’t change. So either sales go up or employees go down. It’s that simple. And other companies are absolutely going to keep the same policy. So just as the studies have shown in other places that have raised it to this level. The most important employees are going to truly benefit and get big raises while the bottom quality people will be out of jobs. Studies say this isn’t true and that it hasn’t effected jobs. But what they haven’t pointed out is that most cities are only in year two and still at $11 an hour. We still have a few years to get to $15 where it starts to hurt. I think it doesn’t hurt until $14 or $15.
McDonalds , many other fast foods, and supermarkets are already preparing and have replaced order and checkout with self checkouts and ordering. Sam’s club went from 15 checkout lines to 4 with 11 moving to self checkout. And even more use an app to check out on the honesty system. All deemed cheaper than paying the higher wages.
I’m giving my opinion and its bound to change with time as I learn. And since I have a head start I am way ahead of most employers. As a matter of fact if I include year end bonuses we’re probably there. So I’m ready. But I’m not sure our customers and that’s where I need to get it back. Here are today’s names. Make sure to click on the names to see the current price and to help DSAD continue writing each day.
Quote of the Day: “The real art of conversation is not only to say the right thing at the right place but to leave unsaid the wrong thing at the tempting moment.” — Dorothy Nevill
Domain of the Day: BrandProtection.org .org works for me here. As good of a name as Marksman
Namejet, Sedo, and other Names Up for Auction
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Godaddy Domains With Multiple Bids
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Godaddy Domains With One or No Bids
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Yes, there are business owners that take advantage of their workers! On the other hand, in general, raising the minimum wage is simply a way for politicians to look like heroes. Just like water, prices seek their own level. The higher the expenses of a business, the more they have to charge. The more they charge, the more the “worker” has to pay for goods and services in any given area. So, round and round we go. It’s one big circle jerk. IMHO
Automation can and will stop that particular vicious cycle. Machines will be much cheaper than lazy humans who can’t work 24 hours a day. Of course, there are many jobs that will be lost in the process. People will be begging for $8 / hr if don’t come up with some kind of fix for the automation wave.
Amen