Does Minimum Wage Increase Help Or Hurt The Appraisal Business?

[DTB]

Costco joins Amazon with $15 minimum wage, putting pressure on Target and Best Buy

http://m.startribune.com/costco-joi...ng-pressure-on-target-and-best-buy/506899532/

Since $15/hour is now a reality at Amazon and Costco....

Shall we start the countdown to their bankruptcy?
Let's keep a focus on them....

I hope it doesn't happen but it would be a sign....

Do you and JGrant really not see a difference between a company choosing to pay a certain age and mandating that to be the minimum wage for ALL companies? Really?

 

[ucbruin]

Do you and JGrant really not see a difference between a company choosing to pay a certain age and mandating that to be the minimum wage for ALL companies? Really?

I'm not answering for JG....
I recognize the difference....

Gov regulations are part of doing business....

 

[Randolph Kinney]

You don't realize your own links don 't attribute the closings to min wage issues, rather to HIGH RENTS and competition?

... one expense the Union Oyster House hasn’t had to worry about because its owners also own the property, Malinn said.

Since the property is owned, no such thing as high rent.

... new minimum hourly wage, which rose from $3.75 to $4.35 for tipped workers and from $11 to $12 for other employees, is partially to blame.

Nice try but you don't read well and you don't comprehend what you have read.

RK is not stupid....
He just believes the rest of us are....

You and JGrant have the same issues in common: You do't read well and you don't comprehend what you have read.

Maybe you and JGrant have a reading disability?

 

[J Grant]

... one expense the Union Oyster House hasn’t had to worry about because its owners also own the property, Malinn said.

Since the property is owned, no such thing as high rent.

... new minimum hourly wage, which rose from $3.75 to $4.35 for tipped workers and from $11 to $12 for other employees, is partially to blame.

Nice try but you don't read well and you don't comprehend what you have read.

You and JGrant have the same issues in common: You do't read well and you don't comprehend what you have read.

Maybe you and JGrant have a reading disability?

Typical tactic, instead of being able to defend your position, you attack on a personal level those who are debating with you. Perhaps you are the one with a reading comprehension problem, since in my post I acknowledged wages are a component (partially to blame) in a business losing, but even your own linked articles put mot of the reasons on other factors such as high rents and competition.

 

[J Grant]

Do you and JGrant really not see a difference between a company choosing to pay a certain age and mandating that to be the minimum wage for ALL companies? Really?

We acknowledged the difference. If it is imposed by govt vs choice there will be winners and losers.

In this thread, Amazon paying $15 was used as an example, since your argument is a higher wage kills companies,- yet Amazon and Costco paying a higher wage are flourishing.(while some lower wage paying companies are dying)

 

[Randolph Kinney]

but even your own linked articles put mot of the reasons on other factors such as high rents and competition.

You still have a problem. The article clearly says that Union Oyster House owns the building they operate in.

That leaves competition and increased minimum wage. Since the Union Oyster House is unprofitable, it closed. Why? Can't raise prices with that much competition to cover the cost of the increased of wages and health insurance so they closed and laid all workers off.

 

[ucbruin]

@J Grant
&
@ucbruin

Denied!!!

Sincerely,

RK....

 

[J Grant]

.. one expense the Union Oyster House hasn’t had to worry about because its owners also own the property, Malinn said.
Since the property is owned, no such thing as high rent.
... new minimum hourly wage, which rose from $3.75 to $4.35 for tipped workers and from $11 to $12 for other employees, is partially to blame.

A dollar an hour more for employees enough to make a restaurant go out business..., ( even they say it is PARTIALLY to blame), maybe their food was sub par or their location was bad. Many factors could have contributed why an individual restaurant went out of business esp one without the burden of rent.

 

[ucbruin]

.. one expense the Union Oyster House hasn’t had to worry about because its owners also own the property, Malinn said.
Since the property is owned, no such thing as high rent.
... new minimum hourly wage, which rose from $3.75 to $4.35 for tipped workers and from $11 to $12 for other employees, is partially to blame.

A dollar an hour more for employees enough to make a restaurant go out business..., ( even they say it is PARTIALLY to blame), maybe their food was sub par or their location was bad. Many factors could have contributed why an individual restaurant went out of business esp one without the burden of rent.

The out of business restaurant was paying rent....

The restaurant that owns their property is still in business...

 

[Randolph Kinney]

.. one expense the Union Oyster House hasn’t had to worry about because its owners also own the property, Malinn said.
Since the property is owned, no such thing as high rent.
... new minimum hourly wage, which rose from $3.75 to $4.35 for tipped workers and from $11 to $12 for other employees, is partially to blame.

A dollar an hour more for employees enough to make a restaurant go out business..., ( even they say it is PARTIALLY to blame), maybe their food was sub par or their location was bad. Many factors could have contributed why an individual restaurant went out of business esp one without the burden of rent.

So ... what you and ucbruin don't know why they closed January 12, 2019 is ...

In late June 2018, Massachusetts Gov. Charlie Baker signed a bill that will progressively raise the state standard minimum wage from $11 an hour to $15 an hour, beginning in 2019.

It is a business decision to know every year the minimum wage increases. If you were losing money paying workers at $11 an hour, you lose more money at $12 an hour, at $13, at $14, at $15.

No brainer, shut the business down.