This list shows $12-$26, no idea how accurate that is: https://www.businessinsider.com/highest ... sociate-16Most big chains don't start anywhere near $15 (maybe Walmart?).
I'd think larger companies can handle this. They are probably already paying a lot of their employees at or above minimum wage.
It's the smaller business that pay lower wages that are probably are going to be the ones feeling it.
Politics And Current Events
Politics And Current Events
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The federal minimum wage has been stagnate for a decade... if you didn't know a dramatic increase was on the horizon, I don't know what to tell you.
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Let us not be surprised when they fail, then.99.6% of most restaurants run on razor-thin margins.
Devil's advocate, was their food worth paying extra for?
I see a lot of businesses closed because of the pandemic which I feel for, but if you're having that much trouble staying a float pre-COVID, maybe it wasn't a great business?
A better business will take their place. Or, if the market cannot sustain, it won't. Either way this is the natural course of things.
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In this case, there is not. Due to the growth around here they reassessed and property taxes/costs went up quite a bit. They were already running a skeleton crew. Electric rates went up as well.Bad food generally isn't the reason for a restaurant to close. There are a myriad of other factors. I will say, that restaurants generally operate on thin margins and are typically a very risky business venture no matter what. My guess is that property taxes were not the reason they had to close, and there's more to the story.Devil's advocate, was their food worth paying extra for?I have good friends who just had to shut down their restaurant because property taxes went up and they couldn't afford to stay open. If they had a dollar for every person who told them on facebook that they'd gladly pay more for their food, and then didn't when they raised their prices to make budget...they'd probably still be open.
I see a lot of businesses closed because of the pandemic which I feel for, but if you're having that much trouble staying a float pre-COVID, maybe it wasn't a great business?
They weren't the only local mom and pop who shut their doors.
Politics And Current Events
As explained by C2I. I see property tax knocking them out, that makes sense.99.6% of most restaurants run on razor-thin margins.Devil's advocate, was their food worth paying extra for?I have good friends who just had to shut down their restaurant because property taxes went up and they couldn't afford to stay open. If they had a dollar for every person who told them on facebook that they'd gladly pay more for their food, and then didn't when they raised their prices to make budget...they'd probably still be open.
I see a lot of businesses closed because of the pandemic which I feel for, but if you're having that much trouble staying a float pre-COVID, maybe it wasn't a great business?
I see a myriad of other reasons why a business could be knocked out - rent increasing, fires, etc.
Why does $15 have to be a reason? If it's between losing restaurants and people being able to have a decent wage? Just feels like an argument that I don't think we need to make, people vs. business.
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Y'all are some bleeding hearts.
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Bleeding hearts? Let the people who can't afford a business go out of business. Everyone is struggling, but if they made it $15 at least they'd be in a better situation than going out of business and going back to $7.Y'all are some bleeding hearts.
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If they raise the minimum wage to $15, then maybe all the newbie photographers who price themselves so low that they make less than $10 an hour will get a real job and I'll have some portrait business again.
Last edited by AuthorTony on Tue Jan 26, 2021 1:57 pm, edited 1 time in total.
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I agree with dodint, and don't believe he was being cruel. This time.
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If more people earned more money, more people could afford to go to a restaurant more often.
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Excuse me, sir, this would be great exposure for you!If they raise the minimum wage to $15, then maybe all the newbie photographers who price themselves to low that they make less than $10 an hour will get a real job and I'll have some portrait business again.
Politics And Current Events
I guess I just don't know what you expected. Your friends can't effectively run a business now, so you want to shield future wages from increasing in case you have other friends that also can't run a business?
Certainly inflation has moved along since the last time the federal minimum wage was raised. They've been exploiting that gap this whole time. Now we should throw up some protectionism by way of wage suppression?
Tie the minimum wage to a consumer index and get rid of this charade altogether.
Certainly inflation has moved along since the last time the federal minimum wage was raised. They've been exploiting that gap this whole time. Now we should throw up some protectionism by way of wage suppression?
Tie the minimum wage to a consumer index and get rid of this charade altogether.
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I don't think it's bleeding hearts to think that employees should be given a livable wage. If your business requires you to underpay your work, then it's a bad **** business.
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Y'all realize these kinds of policies just empower the big corporations and hurt middle class, and lower class people right?
All of the "pro-worker" regulation helps Darden and YUM and hurts small business, further enlarging the capitalist divisions and growing inequality.
All of the "pro-worker" regulation helps Darden and YUM and hurts small business, further enlarging the capitalist divisions and growing inequality.
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Will you promise to tell ALL of your friends and coworkers about me too?Excuse me, sir, this would be great exposure for you!If they raise the minimum wage to $15, then maybe all the newbie photographers who price themselves to low that they make less than $10 an hour will get a real job and I'll have some portrait business again.
Politics And Current Events
Yeah. I'm not going to sit around and wait for Freddy to explain how paying people less emboldens the lower class. Taking a knee on this one.
Politics And Current Events
The restaurant industry is brutal. It's not uncommon for a restaurant to operate on a sub-5% margin. They have absolutely no wiggle room.Devil's advocate, was their food worth paying extra for?I have good friends who just had to shut down their restaurant because property taxes went up and they couldn't afford to stay open. If they had a dollar for every person who told them on facebook that they'd gladly pay more for their food, and then didn't when they raised their prices to make budget...they'd probably still be open.
I see a lot of businesses closed because of the pandemic which I feel for, but if you're having that much trouble staying a float pre-COVID, maybe it wasn't a great business?
There was a story early in the pandemic about, iirc, an Indian or Thai restaurant in Washington DC that specializes in delivery/takeaway. The exact numbers escape me at the moment, but the gist of the story was that their most popular entrée sells for around $12 an order, and when all is said and done their net profit on every order of that dish is under $0.20.
Politics And Current Events
I made $6.50 an hour 25 years ago when I worked at King's. 25 years ago, it hasn't changed all that much.Y'all realize these kinds of policies just empower the big corporations and hurt middle class, and lower class people right?
All of the "pro-worker" regulation helps Darden and YUM and hurts small business, further enlarging the capitalist divisions and growing inequality.
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I do not realize that. No.Y'all realize these kinds of policies just empower the big corporations and hurt middle class, and lower class people right?
All of the "pro-worker" regulation helps Darden and YUM and hurts small business, further enlarging the capitalist divisions and growing inequality.
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#Hockeynut! #Tony #PhotosForDays #NoFilterWill you promise to tell ALL of your friends and coworkers about me too?Excuse me, sir, this would be great exposure for you!If they raise the minimum wage to $15, then maybe all the newbie photographers who price themselves to low that they make less than $10 an hour will get a real job and I'll have some portrait business again.
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I still love King's, and try and go every few visits.Source of the post when I worked at King's
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#Hockeynut! #Tony #PhotosForDays #NoFilter
Politics And Current Events
I've got PTSD from the garbage-juice smell.I still love King's, and try and go every few visits.Source of the post when I worked at King's
Politics And Current Events
Y'all realize these kinds of policies just empower the big corporations and hurt middle class, and lower class people right?
All of the "pro-worker" regulation helps Darden and YUM and hurts small business, further enlarging the capitalist divisions and growing inequality.
Too bad all those big companies didn't use all the money from the Trump tax cuts to make a difference.
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It's not just "paying people less", it's all kinds of different regulations that raise the cost of living on all kinds of goods/services that make x not go as far as it once could. This is all part of the consequences of the Federal Reserve policies which cause a kind of "silent inflation".Yeah. I'm not going to sit around and wait for Freddy to explain how paying people less emboldens the lower class. Taking a knee on this one.
Besides, why can't waiters just learn how to code? Maybe go to college or something.
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