Comments by "Joe Swanson" (@joeswanson733) on "California Workers Start Protesting For $25 Minimum Wage" video.

  1. Labor costs in certain industries can account for as much as 70% of total business costs; this includes employee wages, benefits, payroll and other related taxes. in many industires its An average of 20 to 35 percent of gross sales is considered a typical labor cost percentage but still think about it this is the companies gross sales not net profits. so when you are demanding them to raise the minimum wage... you're essentially telling companies to raise their fixed cost even more. variable costs is one thing but to raise their floor expenses is asking for trouble. it would be like me raising your bills and telling you to like it.
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