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this post was submitted on 21 Oct 2024
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A higher minimum wage for restaurant staff is going straight onto the menu prices anyway. But then customers weary of expensive restaurant food stop showing up.
Restaurants are pretty much the toughest industry to be in. The vast majority of them fail. And the ones that really succeed (fast food) don’t have tipping anyway.
The ones who are making all the money are the landlords who own the land the restaurants lease from. They don’t care if 7 tenants restaurants go out of business in 5 years. They can always find more.
Thing is, the price is clearly going up whether or not the wages do... so... Moot point
The prices are going up now because all of the following are getting more expensive:
Raising the wages of staff is another expense to add on. To the list.
Restaurants are not a lucrative business. Most barely break even or lose money. They can’t afford to pay staff more without raising prices.
If you can't figure out how to run your business without abusively underpaying your staff, maybe you shouldn't be in that business.
That really doesn’t need to be said. Countless restaurants go out of business every day! The staff still end up having to find new jobs all the time.
sounds like restaurants need to own their own land
The McDonald’s business model is to own all the land their restaurants are on. Real estate!
see, at least mc donalds gets the idea. Even if they don't make anything edible.