36 days in
- Thread starter Darth Omar
- Start date
And there's not a fucking thing anyone can do about it.
gfm7175
Jesus is LORD!
Indeed. There are many ways in which a company (let's say a small business that, in part, employs six basic laborers who earn $10/hr) could react to such a price control, and none of them are good.
One such option is that the company eliminates the position, since they can't afford to raise their labor expense from $4,800/payroll to $7,200/payroll (which amounts to a whopping $62,400/yr INCREASE in their labor expense). This elimination of basic laborers might result in added automation (if it costs less than the labor expense increase), or it might simply result in a shift of those responsibilities onto the team of "intermediate laborers" who were already getting paid $16/hr. Heck, it might even result in the business going completely belly up due to not being able to turn an adequate (if any) profit on their products/services anymore.
--- At best, this situation results in the six basic laborers now making $0/hr instead of $10/hr. At worst, this results in the whole company's workforce making $0/hr, as the company no longer exists.
Another such option is that the company instead reduces the hours of that position (making it a part time position instead of a full time one)? In order to keep the labor expense for those workers at $4,800/payroll, the company would have to reduce those six employees' hours down to 53.33hrs/payroll (or 26.67hrs/week)
--- At best, those six basic laborers have now just lost their health insurance / 401k / etc benefits because they are no longer "full time" employees...
Price controls simply do not work. They lead to shortages.
36 days and Biden is still our president.
gfm7175
Jesus is LORD!
So, you don't realize how businesses operate.
Okay.
Okay.
Why 29 hours a week? But anyway, that results in a labor expense increase of $145/week (or $7,540/yr) PER EMPLOYEE.
In order to keep the labor expense at the same level as it was before, the employer would have to cut the position down to 19.33hrs/week, IF that's feasible. More likely than not, the position would be eliminated altogether and either shifted to the rest of the workforce (or automation would replace the position).
This is laughable. So, beyond the $7,540/yr INCREASE PER EMPLOYEE by making the full time position into a part time one, you think that an employer is going to ramp up that increased expense by tacking on another $8,580/yr PER EMPLOYEE??!! hahahahahahahahahahahahaha
Why not just claim (since you're living in lalaland anyway) that the employer would decide to just keep the full time position a full time position and fully absorb the $16,120/yr INCREASE PER EMPLOYEE from their bottom line?
The company is not going to fully absorb a $16,120/yr INCREASE in labor expense PER EMPLOYEE... You are living in lalaland.
Yes, that is precisely what I just did.
Realistically, that position would be eliminated and that employee would now be making $0/hr instead of $7.25/hr... $7.25 > $0
Products of unionized public school "educations". That is how democrats want them. Dumb as fuck and relying on the government.
gfm7175
Jesus is LORD!
Define "Climate Change". WTF is it, even?
gfm7175
Jesus is LORD!
Well, let's see....
Looks about right
Pretty ironic because the right does nothing but cry about Biden.
Promised 100 million Americans would be vaccinated in his first hundred days, today 68 million have been vaccinated and it is only day 36
House about to pass Biden Covid bill, half way to approval, 36 days in, the Tax Cut legislation took two years
Negated a substantial portion of the Trump agenda via EO in the first 36 days
And it has only been a little over a month in
That's because it's a matter of record. DEMOCRATS cannot deny their own actions.
See? This is an example of your hypocrisy.
Since Dec 14th 2020 68 Mill doses have been administered. You can thank Trump for setting that up and getting it going.
LOL
Not to mention putting mini illegals in cages.
Ah, no, Trump roll out was an embarrassment, Operation Warp Speed was fictitious in delivery, and the worst part is that the supposed millions doses being held in reserves didn’t exist
You might want to look up the facts Archives. Biden has done shit. Other than kill 100,000 plus more Americans. That is his only "legacy" in the last 36 days.