they say a nickel of every dollar brought in is profit. and you really need to manage every penny and something like this could be a huge blow. chris, when they passed that law it just doesn t seem like they were thinking about small businesses. they were thinking people demanding they up the minimum wage and they did and now people like you are left holding the bag. right. right. it s the small businesses. it s the businesses that our country was built on are suffering the worst. the big corporations, they have deeper pockets. they will be better able to weather the storm than us. it s going to take out a lot of the small businesses. steve: yeah. well, thank you very much for getting up early there in michigan to tell us about what small businesses are facing. chris weaver, thank you very much. and good luck to you. thank you. steve: all right.
now we re just trying to get on the other side of it and recover. the ones that are struggling are not going to make it there are going to be a fair amount of restaurants closing because of this. i would speculate. steve: right. in addition to increased wages, you have also got to provide paid leave, which is something i know you already pay your a lot of your people more than minimum wage and that s great. but, when you think about the impact this is going to have, unfortunately something has got to give and people will probably wind up not having a job. but, it s because largely, in your industry, the margins are so thin. chris, imagine. they are. steve: for every dollar you take in, how much of that is overhead? 95 cents, perhaps. that s the industry perch mark,
read on page 6 that apparently people who heard the song says it is epic. it s amazing. steve: stay tuned. carley, thank you very much. carley: you are welcome. steve: michigan businesses already struggling with inflation and a labor shortage are now fearing a turn for the worst. state is preparing continue to crease the minimum wage. last week a judge ruled that wages for un should be lifted from 9.87 an hour to 12 bucks while tipped workers minimum wage would increase from 3.75 to 9.60. chris weaver is the owner of j.w. food in michigan and she joins us. chris, good morning to you. good morning. thanks for having me. steve: you know, i got a feeling that when they are talking about this could result in an immediate 156% labor cost inflation that s not going to be good for your business, is it.
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