Most of you know I live in Metropolitan DC. So, whatever happens in/to/from the Federal government is LOCAL. Like the shutdown- that cost the DC area more than $ 220 million each and every day in business. Since there are some 5 million folks living in the Metropolitan area, that’s $ 50 not spent by every man, woman, and child. OK, that doesn’t sound too bad. But, there are about 225,000 businesses in the area. Which means the average business took a hit $ 1000 a day. That is a significant number if you are a small business- even if you are a large one.
The US minimum wage is $ 7.25. There have been recent efforts to raise this to something more viable, but many (of a certain political ilk) aver that this would devastate business. But, let’s consider a few real facts. Continue reading Wage Follies→
I admit it. I love cheese. And, that’s a real problem. Because I can buy a pound of cheese for $4, which is about 1/3 cheaper than buying two 8 oz slabs and 50% cheaper than buying precut cheese (not the slices, which is even still dearer.)
College tuition. OK. Breathe… Yes, it’s high- very high. It amazes me that the highest tuition in the land is to be found at a STATE university. When I was going to college – back before we were a free nation- you could bank on two things. State schools were cheap. State schools were easier to get into.
A few days ago, I described a meeting I attended- on social responsibility. (I wrote about it here.) It made me consider how the firms I have started and been involved with would qualify by those metrics.