Quote (Plaguefear @ Nov 6 2021 05:26am)
Hi, successful former business owner here who lives in a country with a very high minimum wage..
How on earth does your company not see profit gain when literally everyone in your area has more money in their pockets?
I actually profited from every cpi based increase to the minimum wage in the 7 years i ran my company.
You have to pay your 35 employees more..
You have what? 10,000? new potential customers who can now afford your goods in your local area?
And you can't manage to attract any new business?
There are barely 10,000 citizens living in the area idk why you would assume that there would be swaths of people saving up money to purchase a slightly better quality of beef. I also don’t know why you are trying to compare your small business in Europe I am assuming to a grocery store in rural New York that is not called Walmart of Aldi. We focus on grabbing customers from Walmart to purchase sale items and try to hold onto them with a cleaner store and better service. Higher minimum wage doesn’t mean people buy more groceries.
You are trying to compare a small business in wherever you are to a large corporation in the United States. Obviously I could obtain a higher labor budget if it was up to me at store level, but it most certainly is not. Again, there are real world consequences for raising wages.
Corporations are focused on raising value in their shares, not the quality of life for the jobs that are meant to be entry level jobs for teenagers and young adults.
And personally if you are a cashier in your 40s then you made some mistakes in life and it is what it is. You know how often people turn down higher paying jobs (I am talking 16-18$ jobs) because they “don’t want to deal with it”.
I have this conversation all the time where people would rather make minimum wage at the entry level than being given more responsibility and money. You can cite all you want you can say any fancy words you want, but I live it. This is what I do, I manage a business of mostly minimum wage jobs.
Nobody is stuck at minimum wage in my store. They have either simply grown comfortable being able to do the absolute bare minimum or do not want to sacrifice any amount of comfort to get ahead financially.
That comes down to personal responsibility.
Just giving people more money after consistently not earning the right to more is just pathetic.