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Showing posts from February, 2013

Good Intention, Bad Idea

Updated 1.29.2014 - Last night President Obama stated in his state of the unior address that he believes that minumum wage should be increased to $10.10 an hour. This is a biref illustration to demonstrate what this action would do

Hey y'all, today I've got another post about the math of politics. So pay attention or leave now. If you keep up with the news at all you'll know that President Obama proposed a minimum wage increase . Although in theory this sounds like a great idea it's really not and I'm going to break down why. My first job out of college was in staffing so I'm pretty familiar with the type of work and pay rates that might go on in a typical warehouse - an example of a work environment where you would find minimum wage employees. We're going to go with the tried and true business school scenario that our warehouse is for a widget company. So here goes . . . Here is the list of positions, the pay rate, # of positions and annual position cos…