It doesn't say he only has 1 employee, just 1 employee at the store at any given time. The picture shows 7 people, 1 being him and the other 6 are employees for his 2 stores.
So for a hike from $7.50/hr to $15/ hr, x 6 employees, it's closer to $90,000 if they work a full 40 each week.
He should have known his true labor cost, and realized that he needed more profits.
And the rise in minimum wages, while they should go up some, won't fix everything that people think. The cost will just get passed on to the consumer, who as it turns out is the same people who just got a hike in their wages.
And then there are the other jobs out there that do pay decent. Are their wages going to go up in relation? Is my decent hourly wage going to go up at all because I went to school to learn my trade and have been doing it for 13 years? Or will it stagnate?
I am fortunate that really just about everyone, with exception of the high school apprentices, makes at least $15/hr, and some over $30/hr. Even the high school kids are making $11/hr,and those that were last years apprentices are making around $13-14/hr. That's pretty dam good for their age, and they know it. When I started out 13 years ago, I was making $7/hr. They're doing quite a bit better, even with inflation figured in.
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