General Discussion

Glassunion

(10,201 posts)

31. About all of those businesses that closed.

Fri Apr 8, 2016, 03:06 PM

Apr 2016

Did they have enough customers to support their business? Were they managed properly?

Sometimes businesses just fail. They may have been a poor idea from the start, and there is nothing that anyone can do to resolve it. If a decent, good or even great business is poorly managed, it will fail as well.

If a business requires labor, it should not be built on the premise of paying "crappy wages". If they can't survive by paying crappy wages, they should have closed up shop a long time ago. They do not have the business acumen in which to operate their own shop.

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Can someone answer my question about the minimum-wage hike? [View all] scioto99 Apr 2016 OP

You want to understand? TM99 Apr 2016 #1

I asked a question. In fact, I almost added at the bottom, "I hope this isn't a dumb question", scioto99 Apr 2016 #2

Why not dig around and read up on it? Gormy Cuss Apr 2016 #4

We have seen an in rush TM99 Apr 2016 #8

And you dismissed the answer in advance whatthehey Apr 2016 #22

don't expect a rational discussion here... eniwetok Apr 2016 #23

lol SoLeftIAmRight Apr 2016 #27

So you're saying economists have marginal propensity to consume utterly wrong? whatthehey Apr 2016 #28

nice theory eniwetok Apr 2016 #30

I can't say I've seen data on regional MPC. I suspect little variation whatthehey Apr 2016 #46

To be fair... Chan790 Apr 2016 #92

The reason a higher minimum wage doesn't kill jobs (at a macro level) MH1 Apr 2016 #59

just because something's plausible eniwetok Apr 2016 #64

Okay, I just described ECON 101 Demand-side economic stimulation. What MH1 Apr 2016 #86

RED HERRING ALERT!! eniwetok Apr 2016 #89

This message was self-deleted by its author Gormy Cuss Apr 2016 #3

when was it EVER doubled in 5 years? eniwetok Apr 2016 #26

I am not arguing with a shill. TM99 Apr 2016 #58

typical intolerance eniwetok Apr 2016 #66

Honestly I don't give two shits who you are. TM99 Apr 2016 #68

your inability to rationally discuss this issue eniwetok Apr 2016 #83

you evaded the question eniwetok Apr 2016 #67

You know, I HATE these kinds of snarky, arrogant posts. AgadorSparticus Apr 2016 #54

Tough shit. TM99 Apr 2016 #57

paranoid? eniwetok Apr 2016 #69

You were right? Who the hell knows. All you did was attack the guy. AgadorSparticus Apr 2016 #75

Yes, I am likely right. TM99 Apr 2016 #77

we get a lot of trolls here steve2470 Apr 2016 #5

10 Reasons to Raise the Minimum Wage (with Charts) steve2470 Apr 2016 #6

oh no!!! eniwetok Apr 2016 #35

Who's helped by raising the minimum wage? Ichingcarpenter Apr 2016 #7

Yeah well, the pattern is to get ignored when you show something like this. Rex Apr 2016 #39

+1 laundry_queen Apr 2016 #101

Opening a successful business means research and planning. Atman Apr 2016 #9

I knew from the question what was to follow. Kalidurga Apr 2016 #10

Who doesn't do $15 worth of work per hour? Taitertots Apr 2016 #11

I lulz'd. KG Apr 2016 #12

16 yr olds will make slightly okay money. Iggo Apr 2016 #13

If you are in a start up small business, barely able to pay the rent and utilities why on earth Fla Dem Apr 2016 #14

correct Skittles Apr 2016 #25

Someone sure is upset about the working poor getting a few more pennies. Rex Apr 2016 #41

ever notice the people who are hysterical about minimum wage Skittles Apr 2016 #55

Oh yes! Same set of folks that poo poo'd all over OWS. Rex Apr 2016 #62

"So I don't quite get how all businesses can start paying a higher wage to employees, when many Brickbat Apr 2016 #15

The illogical assumptions that underpin capitalist ideology ronnie624 Apr 2016 #16

Sure, if you connect this dot for me: trotsky Apr 2016 #17

People WILL go out and spend that money lancer78 Apr 2016 #18

And god knows we need more consumerism. n/t ronnie624 Apr 2016 #19

The answer lies with the owners . . . HughBeaumont Apr 2016 #20

It all boils down to DEMAND. If the business has demand for the product they B Calm Apr 2016 #21

zzzzzzzzzzzzzzz Skittles Apr 2016 #24

keep you eye on the invisible hand SoLeftIAmRight Apr 2016 #29

About all of those businesses that closed. Glassunion Apr 2016 #31

LOL ... reading some of the responses you got to your question ... 1StrongBlackMan Apr 2016 #32

Lol... Glassunion Apr 2016 #33

I got a pardon from the Governor! 1StrongBlackMan Apr 2016 #34

Did they give you your dime back? Glassunion Apr 2016 #44

Nope ... they spent it. 1StrongBlackMan Apr 2016 #45

Figures. If you get another one, just hide it really well. Glassunion Apr 2016 #47

LOL 1StrongBlackMan Apr 2016 #49

People who go from 7.25 to 15.00 will start spending money on food Warpy Apr 2016 #36

nice theory... eniwetok Apr 2016 #38

Cheap labor conservatives always spout their bogus "studies" instead of the DoL or CBO Warpy Apr 2016 #43

more scurrilous accusations eniwetok Apr 2016 #73

You didn't even read the CBO report... did you? eniwetok Apr 2016 #85

There's a corner in my neighborhood where businesses always fail abelenkpe Apr 2016 #37

the question is how much? eniwetok Apr 2016 #48

State min wage in CA is $10.10. $15 is being phased in. Starry Messenger Apr 2016 #40

fine... then if your theory is true eniwetok Apr 2016 #50

Wow, multiple logical fallacies. PETRUS Apr 2016 #51

are you suggesting... eniwetok Apr 2016 #81

I did not suggest "that there is NO economic force that EVER can disrupt the economy." PETRUS Apr 2016 #88

well we KNOW high oil prices eniwetok Apr 2016 #95

You're a compendium of bad arguments. PETRUS Apr 2016 #109

how many right wingers favor the MW being the HIGHEST we ever had? eniwetok Apr 2016 #111

Why not lower it to $5 again, just to settle your mind? Starry Messenger Apr 2016 #53

Oh how cute! ANOTHER new person just learned about the MW and has problems with the poor Rex Apr 2016 #42

hey, enough with your unfounded insinuations... eniwetok Apr 2016 #52

It's not uncharted territory. PETRUS Apr 2016 #60

where is there ANY nation with $15 MW? eniwetok Apr 2016 #61

Do I get free health care and college with that? hunter Apr 2016 #65

so how are businesses responsible eniwetok Apr 2016 #71

If you get accepted to a German College, it's free. You don't even have to be German. hunter Apr 2016 #76

full of it eniwetok Apr 2016 #79

you evaded my question eniwetok Apr 2016 #80

You've evaded ALL the reasonable questions and answers people have given you. hunter Apr 2016 #90

hardly eniwetok Apr 2016 #94

I just explained a flaw in your figuring. PETRUS Apr 2016 #87

your post is not the devestating rebuttal you think it is eniwetok Apr 2016 #97

Public health care and education are essential, but they are forcing privatization.. Baobab Apr 2016 #98

Your post is nonsense. PETRUS Apr 2016 #108

you never proved anything eniwetok Apr 2016 #115

Oh? State your case, then. PETRUS Apr 2016 #116

not my job to do your research or prove your points... eniwetok Apr 2016 #118

It's your job to do your research and prove your points. PETRUS Apr 2016 #119

OK, so you AGAIN refuse to do anything to prove the relevence of your claim eniwetok Apr 2016 #120

What was unfounded? The OP has been banned. Rex Apr 2016 #100

sorry for your delusions eniwetok Apr 2016 #104

Proof is right there for all to see, you can pretend otherwise. Rex Apr 2016 #106

he's "not sure what our point is", Rex Skittles Apr 2016 #56

His mistake. Rex Apr 2016 #63

Yes... how does Costco do it? eniwetok Apr 2016 #112

I am done feeding you. Rex Apr 2016 #113

translation: eniwetok Apr 2016 #114

Lower class workers spend at least 100% of the income they make. Marrah_G Apr 2016 #70

The four year failure rate of new businesses has been about 50% for ages bhikkhu Apr 2016 #72

You are asking the right questions, and that is why Obama, most Democratic Congress members, pnwmom Apr 2016 #74

I will give you the capitalist view on it: The Straight Story Apr 2016 #78

Virtually anyone here can quaker bill Apr 2016 #82

what experiment? eniwetok Apr 2016 #84

The minimum wage has been raised before quaker bill Apr 2016 #91

not a question IF the MW has ever been raised eniwetok Apr 2016 #93

One can always argue that people should be paid less. quaker bill Apr 2016 #102

we have to restructure the economy eniwetok Apr 2016 #103

Its a question of time. Baobab Apr 2016 #96

This person was PPR'ed as a repeat disruptor steve2470 Apr 2016 #99

oh no... not the DU tombstone! eniwetok Apr 2016 #105

We don't TS people anymore, you must be thinking back when you had another account on DU1 or 2. Rex Apr 2016 #107

disagreeing with your positions... eniwetok Apr 2016 #110

"And I'd still buy my shin guards at Goodwill." KamaAina Apr 2016 #117

having worked in human services eniwetok Apr 2016 #121