Let's pay 16 year olds $31.2k to sweep floors!!!!

[Erich Bloodaxe BSN]

10. Sounds good to me.

If the floors aren't worth being swept, don't sweep them. If they are, then pay a living wage to do the work.

Look, in most businesses, the cost of labour is something like 25-33% of overall cost. That means if you sell a $5 meal and your cost of goods sold is $2.50, something like a buck sixty is labour. You double the pay, and cost of goods sold goes up another .80. You make your $5 meal $6 and you're already ahead. And you're likely to sell a lot more $6 meals when everyone is making $31k a year, rather than 15k a year.

Edit: I started switching around numbers while writing, and screwed up by bumping some numbers up by two but not others. That 80 cents should be 1.60, so you'd have to bump your $5 meal up to $6.60 to stay at the same level of profitability. But I still hold that you'll sell a lot more $6.60 meals when everyone is making $31k a year than you do $5 meals when most folks are making $15k.