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Colorado

napi21

(45,806 posts)

8. I was going to just accept your calculations, until I realized THAT DOESN'T MAKE SENSE!

Reply to TexasTowelie (Reply #2)

Mon Feb 13, 2017, 08:07 PM

Feb 2017

If you assume for every $1 increase in pay the product price must increase .50. If that's so, how do you account for so many items now selling for $1.00 or even less? I suspect the real increase required to cove4r any P/R raise is more likely a % of cost.

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Minimum wage hikes impact a work in progress [View all] TexasTowelie Feb 2017 OP

I don't know those locations or the volume of business they do, but it seems to me if you added napi21 Feb 2017 #1

For a fast-food restaurant I believe that for each $1 increase in the minimum wage TexasTowelie Feb 2017 #2

I was going to just accept your calculations, until I realized THAT DOESN'T MAKE SENSE! napi21 Feb 2017 #8

It's good marketing to have a $1 menu TexasTowelie Feb 2017 #9

I live in a city with a living wage. PoindexterOglethorpe Feb 2017 #3

I certainly agree with your point that if you have money, then you spend it TexasTowelie Feb 2017 #4

Excellent point about livable income. PoindexterOglethorpe Feb 2017 #5

It's only been in place for Sherman A1 Feb 2017 #6

I agree that it is too early TexasTowelie Feb 2017 #7