Cheryl Redmond 
Member since Jul 29, 2014


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Recent Comments

Re: “A Battle for Profits

I am a small business owner and would be okay with the proposed gradual increase over a few years. As a small business owner with small margins, I gradually increase my employee wages as our profits grow anyway, but I think what many people don't understand about the hourly wage is what the employer really has to pay for each employee. If it were only $12.25, then I could deal with it, but between workman's comp and my payroll taxes (the employers portion for each employee), I end up paying about $4/hr more for each employee. And that's not even including insurance costs. My profit margins are so thin, my business could not handle this minimum wage rate hike so quickly. I would have to cut employee hours, I"d work even more overtime hours myself for free, leave Oakland, (or the Bay Area if it became regional) and/or cut my losses as I could not grow my business without employees. Forcing so much so quick would literally force me out. Not a threat, not some obscure whining -- not a something I would want to happen -- I have worked hard to build things up, but it's a very scary reality. Small businesses need time to grow, make profits and pass those on to their employees through gradual wage increases.

1 like, 0 dislikes
Posted by Cheryl Redmond on 07/29/2014 at 10:37 AM

Re: “A Biased Report on the Minimum Wage?

As a very small business owner with small margins, I gradually increase my employee wages as our profits grow, but I think what many people don't understand about the hourly wage is what the employer really has to pay for each employee. If it were only $12.25, then I could deal with it, but between workman's comp and my payroll taxes (the employers portion for each employee), I end up paying about $4/hr more for each employee. And that's not even including insurance costs. So regardless, of that report, I can just tell you first hand, that scrunching my own books, my business could not handle this minimum wage rate hike so quickly. I would have to cut employee hours,work more overtime hours myself for free, leave Oakland, (or the Bay Area if it became regional) and/or cut my losses as I could not grow my business without employees. Forcing so much so quick would literally force me out. Not a threat, not a something I would want to happen -- I have worked hard to build things up, but it's a very scary reality. Small businesses need time to grow, make profits and pass those on to their employees through gradual wage increases.

3 likes, 0 dislikes
Posted by Cheryl Redmond on 07/29/2014 at 10:11 AM

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