Flaming Pie
Well-Known Member
They are assuming that all customers also benefited from the minimum wage increase. Depends on your targeted consumer I suppose.I think its too much for unskilled workers. I think if 15 is the new minimum than my workers deserve FAR more than what i can afford to pay them without raising prices to the point where my services are no longer affordable to the folks i serve.
I no longer do lawn care, but when i did i often charged 50$ per cut (obviously there are alot of factors involved but lets just run with that number for now)
50$ was reasonable given the quality of service. Now, if my guys who make nearly double the minimum wage as it stands all got a 7.75$ an hour raise, that puts the cost at about 65$ a cut... So an extra 60$ a month charged to my clients. That adds up quite fast.
If you are in low income 20-35k zones, they will be able to absorb the increased cost with their increase in pay.
Wouldn't happen overnight. In probably a couple months people would start to be less cautious.
As long as prices of food and utilities don't spike at the same rate as wages, we should all be fine.
That is what I am starting to believe.