I gave the description to you RN because I thought you could understand it. 14 minimum wage workers are what it takes to staff
some fast food restaurants. The $200,000 is not the revenue of the business, but only one of the costs as you have discovered. The owner/manager remuneration was not mentioned. The franchise costs were not mentioned. The building rental costs were not mentioned. The utilities were not mentioned. Taxes were not mentioned. Still, I gave a very reasonable scenario of a local business that made a profit of $70,000 in one year. Raising the minimum wage to $10.10 would cut the employees to 10 to maintain the $70,000 profit (which is mostly used to pay the mortgage acquired to buy the franchise). +Robert Nightingale
since you are so knowledgable, can you explain the economics of a Pizza Hut, a Jersey Mike's, a Taco Bell or anything you understand. I would very much like to hear your views as to why raising the minimum wage would not effect such a fast food franchise owner.