General Discussion
In reply to the discussion: A 16 year old should absolutely make $31K [View all]Glassunion
(10,201 posts)If $5 extra is going to break the bank on a decision to eat at home, then you probably, and in all honesty should not be buying pizza at $15 either.
Ok, so you had a shitty landscaper, who not only raised prices, did crappy work. He should have been fired either way.
I completely agree that there may be casualties, however I fear some folks may be exaggerating the effect it will have. I recall similar arguments about how the cost of goods and services were going to skyrocket with the Affordable Care Act. I'm still waiting for that one.
Costs will go up, but I don't think that we will see anywhere near what I'm seeing posted. The price of a pizza is not going to jump 33% from $15 to $20. I personally feel we will see a jump, yet it will be smaller. I think it will be more in the neighborhood of 10 to 15% depending on the product.
$1 Fruit Parfait from McDonald's will now cost $1.15
$5 footlong from Subway would cost $5.75
$15 pizza from your local joint will cost $17.75
$20 salmon from Bonefish will now cost $23.00
$53 Cowboy Ribeye from Ruth's Chris will now cost $60.95
I think this is more realistic based on my experience. Wages are not all that drives business costs. They are but a percentage of your entire operating expenses.