Logan's Roadhouse files for bankruptcy; 18 restaurants closing

Omg... Beanie Babies...I wonder how many posters will get that. Tag protectors, Peace, Happy Meal minis...

 

So you think it was easier to sign paychecks during the Great Recession, when millions of people were losing their jobs every month and the economy was shrinking at an annualized rate of 10%? What kind of business do you operate, an illicit drug operation?

A stronger consumer does benefit all businesses. I have started and run businesses. I did't personally sign paychecks but those checks were drawn on my bank account. I don't favor increasing minimum wages because it does stress small businesses which are often running on thin margins. I think the better way to satisfy this issue is with an earned income tax credit. That puts more money into the hands of consumers without stressing small business owners.

 

You do understand most minimum wage jobs are part time, held by folks not living in poverty, and is seldom the household's primary income?
Didn't think so.
Working class? Define your understanding of that, would you?

 

Great Recession?
When was that?
Small businesses can pay under the table.
Taxes hurt small buz WAYYY more than minimum wage.

 

I have a powerful belief that the Democrat run businesses won't pay over minimum wage.

By working class, do you mean teens living with parents?

 

Haha...
I don't think folks outside the US have ANY idea who minimum wage workers are.

 

Both my daughter and her husband work as servers. She tells me they each make more than $100 per shift. That puts them at least at $12.50 per hr since they receive tips. They would do other jobs if only getting $2.13 per hr

 

I do not care who is working, an hour of work is an hour of work, why does the right think children should be payed less?

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then if hardly anyone is paid the min wage, then it wont hurt to raise it

.

 

I can't speak for the "right" but I think I can give an honest report because as a youth I was subject to minimum wage laws and later I paid wages.

So many businesses fail in the first year it is amazing they have funds to pay any wages at all.

 

The employer pays $2.13/hr.
Do you know how their income is taxed?

 

Apparently you do not mind shutting down job opportunities.

Don't ask me why that you believe business is like Government. Always a pit of money not that they own the money.

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Has my son in law and my daughter told you what they get paid hourly?

I certainly do know how their income is taxed.

I just checked and they can't earn less than $8.25 per hour and they also collect tips.

 

Seriously....? https://en.wikipedia.org/wiki/Financial_crisis_of_2007–08

What can small business pay "under the table" exactly, and how dose that help anything? Where is your support for the notion taxes hurt small businesses more than minimum wage? You don't have any, because it doesn't exist. Two, it's a crime to misrepresent your tax filings. So of that's what you are advocating, you are advocating criminal conduct which could get you into legal trouble.

Do you even under stand the concept of the earned income tax credit? It has absolutely nothing to do with taxing small businesses.

 

Paid.
You are clueless about Americana, Fox. If you want to learn, ask. Don't make a fool of yourself.
An hour of labor as a fast food worker and an hour of labor as a lawyer...very different.
The lawyer is paid hundreds, fast food worker is paid just over $7/hr.
Why do you think that is?
Again, would you define your understanding of working class?

 

Servers are paid $2.13/hr by their employer.
At the end of each shift a server has to claim their tips. They typically have to cash out and they log into a computer which prints up a receipt of sales and transactions for that shift.
Most servers will claim around 8-9% of their sales. Claiming more is a bigger tax expense, claiming less will get the attention of the IRS and get you audited.

 

We refer to 2007 as the housing crash and then there was The Great Depression.
Small business owners are taxed on sales as if sales were personal income. Why would someone be tempted to pay under the table?
I have three kids. Yeah, I know what earned income tax credits are and you're right, they have nada to do with small business.

 

Did you ask my son in law and daughter?

Why not look up the law where they live?

 

Haha.... Servers are paid $2.13/hr by their employer. They never get raises.
Tell us what restaurant pays more. Haha... But you won't because servers get paid $2.13/hr by their employer.
Their wages plus tips must average minimum wage or above in their state but their employer pays them $2.13/hr.

 

nope. only capitalists who need to "lie to their stockholders" for their bonus, do that.

 

No one is claiming some Firms will not fail due to a less competitive business model.

Only the right complains about structural forms of unemployment, when there is not enough "corporate raiding" involved to make it seem, worthwhile under our form of Capitalism.

 

No, you tell me what restaurant pays my daughter so little since you keep telling me what you think.

You won't tell me because you still think you know what she gets paid.

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Firms fail and workers lost the jobs.

Simple math.

I saw communism up close. I will fight hard to stop it's spread in this country.

 

A fifteen dollar an hour minimum will help this situation by increasing the circulation of money and reversing the effects of a recession:

 

Never even heard of 'em,

 

There is a down from minimum wage?

 

Course you wouldn't say. Call a Red Lobster, Applebee's, Longhorn, Olive Garden, Red Robin, Chili's, Ruby Tuesday...call any restaurant you can think of and ask what they pay their waitstaff an hour.
You see, anyone can do that and verify my claims....
Servers don't even get a paycheck because that $2.13/hour is eaten up completely by taxes. Their earnings are completely tip funded. The more expensive the menu and more volume...more money.
I am not speculating. I know.

 

Here, Let me stop this silliness right now.

http://www.minimum-wage.org/states.asp?state=Hawaii