commented on Elliott Bay Books Owner Says $15 Minimum Wage Could Be "Possibly Fatal"
I'm curious about how Peter Aaron calculated he'd have to cut five employees if a $15/hour minimum wage was implemented. I know this is overly simplistic, but a quick back of the napkin calculation suggests that if he pays his employees $9.32/hour, and they work 40 hours/week, his current costs are $10,438.40/week. (Modulo all of the other assorted costs that go along with having employees, but I'm assuming that those don't change under Kshama's new socialistic paradise, meaning that I should be able to ignore them ;).)
At a $15 minimum wage, his costs rise to $16,800.00/week.
At a $15 minimum wage, but cutting five employees, his costs are now $13,800.00, or still about $2,600 higher than they are now.
All of this raises the question: why five employees? Why not ten in order to bring new costs in line with current costs? And, assuming he *can* afford to pay his 28 employees $2,600 more than he's paying right now, why isn't he?
commented on The Blackphone and Privacy as Commodity
@4: I'm still not excited. You can run (for some definition of "run") AOSP on your phone today and look at all of the source code today. But there, just like here, the baseband is still a black box.
Perhaps a better way of phrasing my earlier comment would've been "nothing to see here."