True, Albuqueruque is heavily oriented to tourism and conventions. So fact that these people are primarily in the hospitality industry may not be true elsewhere.
Dana On 10/3/05, Larry C. Lyons <[EMAIL PROTECTED]> wrote: > > Even more important I think is his comments regarding Table 7: > -- > Total Costs Relative to Sales of Albuquerque Firms > > In Table 7, we present data showing the estimated total cost increase > of $40 million > broken down as a proportion of the total sales of the covered > Albuquerque firms. In the first row, we show the average cost/sales > ratio for all industries in our sample.5 As we see, this overall > cost/sales ratio is 0.19 percent. In other words, roughly speaking, > the average firm in > Albuquerque would have to increase its sales revenue by only about 1/5 > of one percent in order to fully cover the additional costs resulting > from the minimum wage proposal. > -- > > Unfortunately its only one promising study from one location, and so > suffers from the faults of any case study. To really have an impact > the study needs to be replicated in different locations under similar > circumstances. > > larry > > On 10/3/05, Dana <[EMAIL PROTECTED]> wrote: > > found a study that sheds some actual light. This guy thinks that cost > > increases will be mostl in the restaurant industry and will amount to > about > > 2%. > > "Overall then, raising prices and productivity by a relatively small > amount > > are likely to be the predominant means through which most affected firms > > will absorb their increased costs. In such cases, the gains of living > wage > > ordinances to low-wage workers and their families will be larger than > the > > costs of the ordinance that would be borne by either businesses or the > > consumers facing small price increases. To put this another way: a > > well-designed living wage ordinance has the characteristic that its > benefits > > will be concentrated among low-wage workers and their families while the > > costs can be broadly diffused among the affected firms and their > consumers." > > > > > > http://www.umass.edu/peri/pdfs/WP103.pdf > > > > > > On 10/3/05, Larry C. Lyons <[EMAIL PROTECTED]> wrote: > > > > > > Single cases don't make a trend Gruss. Unless you can show that those > > > particular success stories are common - ie find some fairly hard stats > > > about welfare reform that strongly support your points, they are > > > simply anectdotes on par with those stories that begin "A cousin of my > > > friend's brother in law..." > > > > > > larry > > > > > > On 10/3/05, Gruss Gott <[EMAIL PROTECTED]> wrote: > > > > > Dana wrote: > > > > > To repeat my point - we have a minimum wage, get over it. It may > as > > > well be > > > > > realistic. > > > > > > > > > > > > > It's been a great debate and I'll appreciate the updates. > > > > > > > > While I understand there's a MW, it's not a good solution these > days. > > > > Maybe even as short as 10 years ago it was, but now that the economy > > > > is entering new territory it's an anachronism. (Kinda like Unions) > > > > > > > > I feel sorry for those that accept it, not because they're mostly > near > > > > or below the poverty line, but because accepting the subsidy is a > > > > hopeless act that will doom them to the same fate as those that > > > > accepted Welfare. > > > > > > > > When Mr. Clinton did away with Welfare as we knew it, all kinds of > > > > success stories popped up: people started new business, embarked on > > > > real careers, and just generally moved on with their life. > > > > > > > > I know one woman who went back to college after working her day > > > > shift. She couldn't afford to pay someone to look after her child, > so > > > > she brought her with. Now she's a VP of one of the world's largest > > > > health care companies. Her daughter just graduated from one of the > > > > World's top MBA schools and works at the same company. > > > > > > > > Minimum wage denies these opportunities to its recipients; it's > > > > essentially an abusive policy as it ghettoizes its recipients. I > > > > think government can do better. > > > > > > > > > > > > > > > > > > > > ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Find out how CFTicket can increase your company's customer support efficiency by 100% http://www.houseoffusion.com/banners/view.cfm?bannerid=49 Message: http://www.houseoffusion.com/lists.cfm/link=i:5:175695 Archives: http://www.houseoffusion.com/cf_lists/threads.cfm/5 Subscription: http://www.houseoffusion.com/lists.cfm/link=s:5 Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=89.70.5 Donations & Support: http://www.houseoffusion.com/tiny.cfm/54
