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Businessman Armstrong Getting Stretched

Businessman Armstrong Getting Stretched | UNSKILLED WORKERS DEMANDING $20/HR; SMALL BUSINESS OWNERS EARNING LESS THAN MINIMUM WAGE; SAME WORKERS DEMANDING LOWER PRICES AS CONSUMERS AND HIGHER TAXES ON BUSINESSES | image tagged in stretch armstrong,minimum wage,let's raise their taxes,inflation | made w/ Imgflip meme maker
161 views 7 upvotes Made by MikeLorrey 6 months ago in politics
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3 Comments
2 ups, 6mo
made w/ Imgflip meme maker
2 ups, 6mo,
1 reply
Time for some calculations

24 hour gas station, avg 33% profit margins over all products

24 (hrs) x 365 (days) x $20 x 2 staff = $350,400 at the constant 'minimum' wage of $20
$350,400 = $1,051,200 of required sales

So a 24hr gas station needs to make 1 million in sales a year exclusively to cover the staff.
Rent, loans, bills, paying themselves, taxes, repairs, maintenance not yet included

Yeah I'd just close up and leave the state...
0 ups, 6mo
average gas station profits on gasoline, dieel, etc: -3%, its a loss leader to get people to buy snacks.
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UNSKILLED WORKERS DEMANDING $20/HR; SMALL BUSINESS OWNERS EARNING LESS THAN MINIMUM WAGE; SAME WORKERS DEMANDING LOWER PRICES AS CONSUMERS AND HIGHER TAXES ON BUSINESSES