Formerly About Advanced Micro Devices Message Board

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Politics : Formerly About Advanced Micro Devices

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To: tejek who wrote (498488)	7/27/2009 12:05:57 PM
From: i-node	Read Replies (2) of 1578361

If a $.35 per hour increase in wages can tank a company, that company would tank eventually one way or the other. Of course it can tank a company. But that's not the argument. Because companies are going to start dumping employees before they let the entire company be dragged down. Anyone who has been in business for very long has had to cut employees loose because they weren't able to generate sufficient revenue to make their cost worthwhile; I've done it, and everyone I've ever known in business has done it. A company with 100 MW employees (e.g., a sizable restaurant or commercial lawn care contractor) sees their direct employment costs increase by $1500/week overnight -- nearly $7,000/month, $84,000/year. That doesn't count any benefits. $84,000 for the businesses who hire these people is a lot of money. For example, I had a client lawn care contractor in this category where the owner made $100k/year (this was some years ago, today he probably makes 140k). So, suddenly, his income drops to $56K from 140k. You think he isn't going to cut some guys loose?

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