Truth Detector (07-24-2019)
Truth Detector (07-24-2019)
Every casino on the Las Vegas strip without exception was in bankruptcy during that period of time.
They ALL went under, jackass.
Recently, Ceaser's Palace, Bally's, The Flamingo, Harrah's, Tropicana, and Hooter's recently emerged from bankruptcy.
Currently in bankruptcy or soon to file are SLS, Lucky Dragon, the Cosmopolitan, the Hard Rock, and the Westin. Quite possibly the Linq, the Rio, and Planet Hollywood could be facing a bankruptcy court soon as well.
The destruction caused by MGM mismanagement is legendary, even among casino owners. Fortunately, Treasure Island has escaped from them in a bankruptcy sale, but the damage has been done. The Pirate Bay show will never appear again.
Currently, MGM owns the Mandalay Bay (the site of the Las Vegas shooter), the MGM Grand, the Delano, the Luxor, Excalibur, New York, the Park, the Aria, the Nomad, the Vdara, the Bellagio (which barely runs its fountains anymore), the Mirage (which barely runs its volcano anymore), and Circus Circus. When MGM Casinos went bankrupt, ALL of these properties were involved.
Despite the revenue running through a major casino in a typical day, there is a TON of expenses, payroll not the least. It's a people business. Behind the glitz and glitter of a single major casino is a team of literally thousands, including dealers, housekeepers, facilities personnel, chefs and cooks, dishwashers, freight handlers, bellhops, drivers, floor managers, security, electronics technicians, slot machine mechanics, cashiers, clerks, chip runners, heavy equipment operators (including money counting machine operators, machinists, forklift operators, etc), waitresses, barmen, legal teams, programmers, salespeople, phone support operators, and on, and on, and on.
And that's not counting the people that don't work in the actual casino but deliver the cards, the dice, the tables, the slot machines, the computer systems, the display systems, the painters, the HVAC repairmen, the FHESP repairmen, the TV repairmen, the cable head installers, the folks that provide the tremendous amount of food consumed in a single day that is prepared by the in-house chefs, the garbage pickup (do you have any idea how much garbage a casino produces in a single day?!?), the water and sewer, and of course the electrical supply.
It is TOUGH making money in casinos, even for the owners!
Last edited by Into the Night; 07-23-2019 at 06:53 PM.
Truth Detector (07-24-2019)
The problem is not the minimum wage. The problem is that there are too many entry level workers. Instead of whining to the government, they should go out and find a way to make themselves more useful to somebody. Gain a skill, go to school, be willing to do some nasty job others don't want to do, anything.
Eagle_Eye (07-24-2019), gfm7175 (07-24-2019), Truth Detector (07-24-2019)
Total liberal BS.
"In 2017, 80.4 million workers age 16 and older in the United States were paid at hourly rates, representing 58.3 percent of all wage and salary workers. Among those paid by the hour, 542,000 workers earned exactly the prevailing federal minimum wage of $7.25 per hour. About 1.3 million had wages below the federal minimum. Together, these 1.8 million workers with wages at or below the federal minimum made up 2.3 percent of all hourly paid workers."
https://www.bls.gov/opub/reports/min.../2017/home.htm
Truth Detector (07-24-2019)
Truth Detector (07-24-2019)
Truth Detector (07-24-2019)
If it wouldn't be raised to that $15/hour until the 7th year, that's plenty of time for those making under that amount to better themselves and $15/hour not be a concern. If someone can't improve themselves over that period of time to make more, the problem isn't with the minimum wage, whatever it is, but with the low skilled worker wanting something handed to them.
Capitalism keeps wages at a level equivalent to what the skills provided are worth. An artificially established minimum sets the wage at a level above what many skills are worth or provide in terms of revenue generation.
Being a Liberal, you're only concerned about what you can get the government to give you for nothing.
Those demanding a higher minimum say they want MORE money yet none of them have ever said what they'll do to warrant it.
According to the OP, HR 582 would raise the minimum to $15/hour over 7 years. During that 7 year span, if those complaining about an increase would spend 1/4 the time bettering themselves as they do whining about being paid more for nothing, the minimum wage wouldn't be a consideration. They put more effort into whining about what they aren't getting than they do when it comes to providing skills that produce a higher wage. Someone needs to explain to them that if you're doing a job that millions upon million upon million . . . upon millions can do, the wages are going to be far less than doing something that actually requires a high level skill set.
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