Author Topic: NYC restaurants cutting staff hours as minimum wage hits $15  (Read 36934 times)

Online Solar

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When will NY guarantee how much money the restaurants and retail stores will make each month?   :lol: :lol:
OOOOOHHHH!!! Good call!
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Offline s3779m

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When will NY guarantee how much money the restaurants and retail stores will make each month?   :lol: :lol:
:thumbup: :thumbup: :thumbup: Perfect!

Offline supsalemgr

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When will NY guarantee how much money the restaurants and retail stores will make each month?   :lol: :lol:

That is part of the equation that unions and the left never address. These individual businesses cannot print money like the US government. It is pretty simple. When the outgo exceeds the income - the doors close and nobody has a job.
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Online walkstall

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That is part of the equation that unions and the left never address. These individual businesses cannot print money like the US government. It is pretty simple. When the outgo exceeds the income - the doors close and nobody has a job.


You know that and I know that but the government don't know that.  The government just adds more taxes or prints more money.
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Online Solar

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That is part of the equation that unions and the left never address. These individual businesses cannot print money like the US government. It is pretty simple. When the outgo exceeds the income - the doors close and nobody has a job.
Decades ago I was complaining about the monopoly the govt had created here in Ca, where the State PUC (Public Utility Commission) had literally guaranteed that a local utility would be guaranteed a minimal profit of no less than 32%.
They did this so the utilities would always go along with any decisions effecting them. Long story short, when Obozo instituted his "Green Energy" Bullshit, the utilities balked, so the PUC created all kinds of convoluted language to please them and keep it out of court.
It gets really involved, but suffice it to say, the term "privately owned utilities" is no different than what Lib is to Progressive to Marxist, it is just a name. They maybe privately owned, but the regs and red tape make it impossible for and utility to make a decision without checking in with the party Apparatchik first.

No one knows the actual profit of these utilities any longer, because of all the bureaucracy in govt reporting, sure, they can show it on paper, but like a new car dealer invoice, there is more than a hundred way to show profit/loss.
Just look at the cost of energy today, when in truth little has hanged outside of govt regulations, people are paying more than twice for what they used to pay just a decade ago, despite the fact we're the worlds biggest producer exporter of oil and Ng.
So why are we paying so much? Govt monopolies. I sure hope Trump tackles this one.
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Online Solar

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Online taxed

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Re: NYC restaurants cutting staff hours as minimum wage hits $15
« Reply #21 on: February 26, 2019, 11:20:00 AM »
Because as business owners we don't review the conditions of our business every single day.
Wrong.  We sure as fuck do.  I have the ulcers to prove it.  When your business is halfway successful and you're making money, you're in a constant panic with a pit in your stomach because you're scared it's going to go away.  Every day you're thinking about contingency, or how to expand or diversify product, etc.

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  Generally, we are tied up in the day to day operations of running our businesses.  If there is a sudden change that forces us to evaluate our costs, sometimes we can be made aware of things we didn't know about because we lack the time or motivation to look for them.
Wrong again. Because you're in a constant state of panic, you're trying to stay ahead of any sudden changes.  As an owner, you're tied into every nook and cranny of your business, so you develop a sixth sense and can spot changes -- real or not -- a mile away.

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I assume you own a home.  Do you shop daily for better rates on insurance?  Do you calculate potential profit/ loss of replacing energy using appliances?
It's not the same as owning a business. The fact you us this as an analogy is curious.

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If time is money than spending it trying to save money comes with a cost.  If you spend it and don't find a way to save money then you've lost it.
What in the fuck are you talking about?

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As far as $10 an hour being entry-level work. 

As a business owner, ideally paying my workers as little as possible would be great for me on the cost side, but since the money of my customers is people who earn the minimum wage, paying them less causes them to look for alternatives and my profits decline.
I have no idea what you're trying to say.  Please clarify.

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Thus I realize that the same people I and other businesses pay to work end up on both the cost and profit sides.  If you cut their income, they will reduce their spending.

Can someone help me decipher what he's trying to say?

Online Solar

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Re: NYC restaurants cutting staff hours as minimum wage hits $15
« Reply #22 on: February 26, 2019, 11:33:27 AM »

Can someone help me decipher what he's trying to say?
I don't think he knows the first thing about business. His response to everything posted came from someone pushing paper in a bureaucracy, not a real business, but someone completely disconnected from the daily workings of business.
My guess is his dad or grand father built a business, he inherited a position on the board of a company other family members run. He is completely clueless, though I'd love to see attempt to start a business based on his own advice. :biggrin:
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Online Sick Of Silence

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Re: NYC restaurants cutting staff hours as minimum wage hits $15
« Reply #23 on: February 26, 2019, 11:41:09 AM »
They don't deserve $15 an hour. Most stand around holding up the counter. And the other night, I see people who don't belong behind that counter (too stupid).
Social Media are multi-national billion dollar corporations with foreign investors that are going unchecked with the power to effect our election process.

"Book burnings" have evolved into "de-plat forming". Its the same principles behind both: to eliminate accessible knowledge.

Online taxed

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Re: NYC restaurants cutting staff hours as minimum wage hits $15
« Reply #24 on: February 26, 2019, 11:59:09 AM »
I've worked for some of the largest corporations in the US and the world
Me too.

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and I can tell you there isn't enough time in the day for the owner of a company to evaluate cost potential on a daily basis.
Not every business is GE or Comcast.  I know that sounds crazy, but it's true.

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  If you're doing this you don't pay enough attention to other areas of your business.
This is one of the stupidest things I've heard yet.

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  Advertising, technology evaluation, where you are in the marketplace.  Sure, we think about costs all the time, but true evaluation takes time and there is an opportunity cost for that time spent.
When you're the owner, you are on top of EVERYTHING.

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Can I make more money attending a meeting on R&D, security, payroll and benefits issues or lowing my costs (or maybe a few of each)?
That's not how you evaluate attending meetings. Wow.

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What I do didn't exist when my father ran his business (he was in construction).  I'm in IT.
Same here. Also my first company I started and sold.

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Nope, I went into business with a few co-workers as we left a multi national to start our own business.
Same here.

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I don't know about the business you're in, but in my business, there are multiple suppliers each with their own goals and opportunities to offer better prices depending on market conditions, but better costs require that you actively look as technology changes.  Sure, sometimes you'll get a cold call and learn about something you didn't know, but I get so many cold calls 99% of which aren't useful I tend to ignore them as I just don't have the time.
This is called "being in business".

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Sure it's in my best interest to pay as little as I can for the best people I can get, but looking at the economy more broadly, my customer's customers need money to buy their products and in turn, buy mine.  When people have less money there are less potential customers for everyone.  So saying that people are worth what they can get ignore the leverage owners have over workers.  Now in fairness, I don't have any minimum wage employees.  My lowest paid employees (delivery people) are far beyond minimum wages.

Increases in pay result in increases in spending.  Increases in spending increase my income.
You tried to address a coffee shop minimum wage hike problem from the perspective of a tech company.  As one who's owned a tech company with high paid staff, and a labor company in the manufacturing sector with employees at minimum wage, and having dealt with minimum wage hikes, I can tell you minimum wage is an absolute killer.

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I think you address this problem below.

If it kills them, have you ever considered that maybe they were too weak and inefficient to be in business in the first place?
No. If they were weak and inefficient, they would have gone out of business before.  Because they can be crushed under the iron boot of government doesn't mean they're running their business inefficiently.

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  Being a business owner doesn't elevate you to some high level of consideration.  You act as if as business owners (or former I don't know if you are still in business) are ordained with some special consideration.  Market prices change all the time and it's our job as business owners to change and adapt.
Minimum wage is not a market force. It's the government tightening the chokehold on the neck of business.

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  What's that, memory prices just doubled?
That's not government, that's the market (unless that vendor had to jack up their government-mandated wages, or had to jack up prices because of some government mandate).

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  How do we deal with that?  Pass the prices on to our customers?  Sounds like a great idea, but one of my competitors either had some insight I didn't or just got lucky and has a huge inventory of memory at the old price.  If I raise my cost my customers will go to my competition?  Now what?
How about no minimum wage?

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I need to look for other places to cut costs, differentiate etc....

Sure, they are becoming more efficient.  SHould we all be riding horses so buggy whip makers can stay in business?  No, times change and business adapts or it goes out of business.
Yeah, humans are a fad.

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Where do you think this is all going?  In 20 years 40% of the jobs done today will be automated and as an economy, we better figure it out or as a nation, we're going to fail.
Eliminate the minimum wage and reduce the burden on business.

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Sure and what do you suggest, that they accept $7.50 an hour and bury themselves in $100k debt to get an education?

I rub elbows with people like you all the time.  That thing that they are special because they own or operate a business.  That the parents should all be grateful that you bother to get out of bed each day and provide them with a job.  I see the world differently.  I'm grateful that there are so many that are willing to work for me and that they make me wealthy as I earn money from each of their efforts.

Are some of the burdens placed on me difficult and sometimes seem unfair?  Of course, but I grew up poor and I know that my "problems" aren't any worse than someone working a day job taking night classes to make themselves better.  I respect that.
It's odd that you don't seem to appreciate the risk one takes on when starting a company, especially a business such as a service like a coffee shop or restaurant.

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LOL, such a bazzar sense of entielment.

Don't cost change in your business unexpectedly?  Do you complain to your suppliers that they are screwing up you 3, 5, and 7-year plans?
They're not government. Try again.

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Labor is a cost and if it rises I do what I do when any of my other costs rise, I'll evaluate and make changes where I can.
It's odd you can't separate government mandated law with market forces.  Why is that?

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If I can't maybe I didn't operate my business as efficiently as I could have.
Maybe the government should just leave businesses alone?

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  Perhaps my model and forecasts were wrong, perhaps I was a bad businessman?
Perhaps you're not a businessman.

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The reality is if you go out of business, but your competitors don't, then it was you that was the problem, because otherwise, everyone in your bussiness would have failed.
Wrong. Government helps some businesses and not others.  Wal-Mart, for example, can withstand minimum wage hikes and seize land via eminent domain.  Mom and pop businesses can't withstand minimum wage hikes and need to hunt for real estate like everyone else.

Online taxed

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Re: NYC restaurants cutting staff hours as minimum wage hits $15
« Reply #25 on: February 26, 2019, 12:06:39 PM »
And if those little businesses you talk about go out of business, you're telling me that no one else will be able to provide the services they provide at a profit?
That's a wonderful attitude.  How about take the issue off the table by reducing the stranglehold of government?

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  My mother-in-law, love her, but she's a terrible business person.  She opened a restaurant ran it for 10 years and turns out she went out of business because she had no solid grasp on her costs.  She wasn't utilizing P&L statements to set her prices and in the end, the restaurant she mismanaged went under.  That's her fault, course she blames everyone but herself (shhhhhh, don't tell her I told you that).
Hey, I have a secret... come here... (* whispers in Brickman's ear *)  that has nothing to do with the government jacking up wages.  (shhhh, keep that between us).

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Having said that, I can agree that there are some onerous regs that very small businesses have to deal with, but paying people enough to survive isn't one of them.
Wrong. That is one of the worst things government does to a business.  Minimum wage is a killer and it's hard to survive.

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You know, J.K. Galbraith said....."We're supposed to believe that the rich won't work because they don't make enough money and the poor won't work because they make too much".
Here's a better quote:

"Keep the government out of my fucking way so I can make some goddamn money."

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Online taxed

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Re: NYC restaurants cutting staff hours as minimum wage hits $15
« Reply #26 on: February 26, 2019, 12:07:07 PM »
They don't deserve $15 an hour. Most stand around holding up the counter. And the other night, I see people who don't belong behind that counter (too stupid).

I completely agree.

Online taxed

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Re: NYC restaurants cutting staff hours as minimum wage hits $15
« Reply #27 on: February 26, 2019, 12:08:54 PM »
I don't think he knows the first thing about business. His response to everything posted came from someone pushing paper in a bureaucracy, not a real business, but someone completely disconnected from the daily workings of business.
My guess is his dad or grand father built a business, he inherited a position on the board of a company other family members run. He is completely clueless, though I'd love to see attempt to start a business based on his own advice. :biggrin:

....I'm not convinced he owns a business.  He doesn't understand the difference between market forces and government.  That's a tell...

Online Solar

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Re: NYC restaurants cutting staff hours as minimum wage hits $15
« Reply #28 on: February 26, 2019, 12:18:30 PM »
....I'm not convinced he owns a business.  He doesn't understand the difference between market forces and government.  That's a tell...
Yeah, reading back through this thread, it sounds like he along with some coworkers went into business and he was charged with doing what he did before.
All the while, the two smarter entrepreneurs ran the business end and left him to the basics of production.
He ran off when I started using stats to back up the obvious.
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Online taxed

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Re: NYC restaurants cutting staff hours as minimum wage hits $15
« Reply #29 on: February 26, 2019, 12:46:53 PM »
Yeah, reading back through this thread, it sounds like he along with some coworkers went into business and he was charged with doing what he did before.
All the while, the two smarter entrepreneurs ran the business end and left him to the basics of production.
He ran off when I started using stats to back up the obvious.

...I'm thinking he's the courier who delivered the contracts to the entrepreneurs, and they looked at him and said "hey, how's your coffee skills?".

 

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