Re:Ask HN: Why are e-ink note-taking devices so expensive co...
by robomartin on Thursday February 18, 2021 @12:32AM
(#26176294)
Yeah, nothing is simple. My guess is that the stores were borderline in terms of viability and the $4/hr hike put them over the edge.
Still, it sucks that people lost their jobs this way. We need a system where politicians suffer real consequences for their actions. Not sure what this would look like, but it sounds good.
What we don't know is if the $4/hr hike caused employers to have to reduce worker hours, shift people to part-time basis, etc. Maybe that information will come out at some point.
Imagine a situation where you have 50 people making $12 per hour and you face an instant increase in labor costs to $16 per hour, or 33%.
That means the store has to INSTANTLY generate at least 33% more in profits (not sales, profits) in order to cover that increase. I don't know any business that can simply will a 33% increase in performance. This is where political thinking quickly becomes delusional. And, no, they are not sitting on fat margins that would allow absorbing such a thing.
Still, it sucks that people lost their jobs this way. We need a system where politicians suffer real consequences for their actions. Not sure what this would look like, but it sounds good.
What we don't know is if the $4/hr hike caused employers to have to reduce worker hours, shift people to part-time basis, etc. Maybe that information will come out at some point.
Imagine a situation where you have 50 people making $12 per hour and you face an instant increase in labor costs to $16 per hour, or 33%.
That means the store has to INSTANTLY generate at least 33% more in profits (not sales, profits) in order to cover that increase. I don't know any business that can simply will a 33% increase in performance. This is where political thinking quickly becomes delusional. And, no, they are not sitting on fat margins that would allow absorbing such a thing.