@jeremy_olive_ The problem is the price. There is no way I would spend that much on a bottle of olive oil to cook my food in it. Olive oil shots and dressings for me. Tallow for cooking potatoes
A minimum wage of £15 would end my coffee shop, it would have to close, as would many other businesses.
I’ll explain for the economically illiterate.
Staff costs are currently half our costs, a £15 minimum wage is actually more than £15 an hour for the company, because you have to add:
- 12.07% holiday
- Sick pay
- Maternity pay if and when required
- National insurance
- Pension contributions
These costs would mean the shop loses money because remember, energy costs are up, rates are up, regulations are up.
Now you can pass these costs onto the consumer - that would mean charging a lot more for coffee, people won’t pay it. The likes of Starbucks and Costa can, because they have economies of scale. The independent doesn’t.
Now the little socialist will say well this is your fault, if you can’t run a business that can afford to pay its staff properly, but the little socialist has never run a business and does not understand the dynamics.
Now I could pay some staff off and fill those hours myself or reduce us to one staff member during certain periods - but this proves the point that a minimum wage costs jobs.
There was a time when these jobs were done by kids, perhaps on the weekend, paid a lower wage, no holiday and no silly employment rights. Perhaps they were even paid cash. The dynamic worked and small businesses like this could operate. It was also a great first job. Sadly now it isn’t worth employing entitlement youngsters at this level of pay.
So alas, I don’t need the stress, the business would close, a number of jobs would be lost.
Economics is about understanding these dynamics, no vibes.
The cost of living is not solved through passing on inflation to the business, it is solved by ending high inflation and creating prosperity. This is what socialists don’t understand, they can’t create prosperity, they can only destroy it.
I said months ago that cycles said with all probability, this would be invalidated
3 months later, the indicator looks more bullish than ever and bitcoin has fallen ~40%
I said back then, the powerful thing about cycles is they allow us to rule out the ideas that are most unlikely
Needless to say, decode blocked me for pointing this out 💀
Here's Your Middle East Conflict Lesson for Today
1. Every country is working in unison, to bring about agenda 2030.
2. It's a small group vs all of humanity.
3. That small group runs all countries already including Iran.
4. Agenda 2030 includes no one flying or driving, plus a plunging of society back into the dark ages with limited production of all goods and services.
5. In order to accomplish Agenda 2030, the oil must be removed.
6. The only time the public will accept not driving, flying or their local stores out of goods (AKA communism) is a fake war, where fake sides fake battle and destroy real oil/energy infrastructure.
7. Yes, in these fake wars they do indeed kill real civilians and real soldiers on both sides, because dead people cement the fake preplanned war as "real" in the minds of the TV viewers.
8. Iran has been told to hit oil refineries outside Iran, the US has been told to hit oil depots inside Iran, other nations are told to leave their energy infrastructure open for attack......and the public is mind controlled to believe that Hulk Hogan and Randy Macho Man Savage don't all work for the same boss. All the actors are hired and paid by the same movie studio folks........all of them.
9. When your food shelves are empty, after a massive inflation wave makes you broke and after travel restrictions increase (to the new mind control mantra "STAY HOME SAVE GAS") then you'll know how completely naive people have been to believe that all these governments (who all attacked their own people with the COVID jab in 2020) care about we the people.
10. Iran poisoned their own people with the jabs (just like the West, while supposedly hating the West), as did Israel, as did the US and as did every other country that are fighting and participating in this WWF Wrestle Mania Event.
Wake up, the countries are fake, you're being hunted. Break the government spell. They're all working together, against you and your family. Even if it was all fake and AI generated pictures, they're still going to raise your gas prices anyways and try to put in their Agenda 2030 restrictions.
Start warning the others.
You're in a movie and everyone on TV is reading a script written by the one big movie studio.
Your politicians are paid actors.