03-07-2023, 02:49 AM
(This post was last modified: 03-07-2023, 02:50 AM by Durian Fiend.)
(03-06-2023, 10:10 PM)terracore Wrote: That's not a lot of wiggle room to remain profitable if one starts talking about jacking the wages up. Assuming they are full time employees, that means giving each one a raise of less than $4/hour would make them unprofitable.Yup. The hotel industry tends to be volatile. Lower tier wages can only be raised so much. Not enough to make your typical Kona real estate affordable for a couple pulling down those salaries..
As Johnny Watson would say, Abdul Jabbar couldn't reach those prices with a sky hook.
Back to the new low income housing, one would expect there will be a huge demand for those units. Looking forward to an update after the application deadline expires.