Posted on 01/10/2017 4:18:13 PM PST by SeanG200
Dennis Prager discusses a Los Angeles Times Op-Ed article regarding minimum wage entitled: "Leaving for Las Vegas: California's minimum wage law leaves businesses no choice" (http://tinyurl.com/hcnjzkq). Here is the bottom line: _______________________ Here's what the math looks like: I pay my employees $10.50 an hour, plus productivity bonuses. In addition, I pay payroll taxes and one of the highest worker compensation rates in the state. Even still, I could likely absorb a minimum wage as high as $11.50 an hour. But a $15-an-hour wage for my employees translates into $18.90 in costs for me — or just under $40,000 a year per full-time employee.
...When the $15 minimum wage is fully phased in, my company would be losing in excess of $200,000 a year (and far more if my workforce grows as anticipated). That may be a drop in the bucket for large corporations, but a small business cannot absorb such losses. I could try to charge more to offset that cost, but my customers —the companies that are looking for someone to produce their clothing line — wouldn’t pay it. The result would be layoffs.
When Los Angeles County’s minimum wage ordinance was approved in July, I began looking at Ventura County, Orange County and other parts of the state. Then, when California embraced a $15 wage target, I realized that my company couldn’t continue to operate in the state. After considering Texas and North Carolina, I’ve settled on moving the business to Las Vegas, where I’m looking for the right facility. About half of our employees will make the move with us.
Nevada’s minimum wage is only $8.25 right now, so I can keep my current pay structure or possibly increase wages. Even in the event that Nevada raises its minimum wage, I’ll still be better off with reduced regulations, no state taxes, and significantly less expensive worker compensation insurance. I have had the opportunity to meet with Las Vegas city officials (including the mayor) ...
Who cares? Its the intentions that count. The leftists have it all figured out.
Get all of the illegals out of here and we probably wouldn’t need minimum wage laws.
Garments are yesterday’s industry. We prefer software and other high-tech.
As a person who lives in California, it’s amazing to watch the terrible decisions the leaders make.
You know they will cause havoc. About all you can do is shake your head.
The problem is none of them have an ounce of business sense
Agreed
They’ve driven so many businesses out of the state. Imagine the California GDP if we had good leadership.
The garment industry in New York and California have been decimated by the cheap crap out of Asia. Disposable, cheap clothes seems to be the name of the game lately. It’s really too bad, professional sewing is a great way for lots of people to earn a living.
Pretty soon the liberal elite will have to pay a staff of 2,000 illegals each just to keep from being strung up (picture Venezuela)
Who did this guy vote for?
Leftists want the $15 minimum to be nationwide.
What good is a $15 per hour minimum wage when you can’t find a job?
From the ridiculousness that is marched down the runways, it should die.
How many garment-industry workers could learn to do “software and other high-tech”, even with YEARS of instruction?
He, He, He, like we all knew it would. He, He, He,
So what you are saying is that the illegals may yet do us a solid? LOL
Just kidding. I get your point and it’s not all that outlandish considering.
Doing what feels good is more important than the negative consequences of their policies.
When you have good intent and that is your moral gauge, the harm is irrelevant or easily blamed on those who didn’t buy into your vision.
Yep.
Problem solved.
It’s really to bad. Rational logic should serve us better.
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