KingInBlack posted...
And no, the solution is paying them a wage, not raising the prices, and paying managers/shareholders/owners less.
Let's say a manager makes $80,000 a year running a theatre and has 30 staff members. How much should we reduce the manager's pay by? $20,000?
So now you split $20,000 across the remaining 29 employees.
$20,000 / 29 = $689.65
So each employee now receives an additional $689.65 per year. What is that in monthly pay?
$689.65 / 12 = $57.47
So everyone gets an extra $57.47 each month, which if you work full time at 40 hours a week....
$57.47 / 4 weeks / 40 hours = $0.36/hour
You get everyone a $0.36/hour raise in the most ideal conditions for slashing one person's income by 25%.
The solution is not as simple as you think it is.