From the article. Already knew, but this summarizes the food business so beautifully. “As a fast-food franchise owner, you’re often fighting a war for pennies,” says Rose. “Food is the most competitive industry known to man: It has the highest investment level of any industry, the highest failure rate, and the lowest margins.”
There are exceptions which indicate that may not be the whole story. https://www.businessinsider.com/in-n-out-employee-pay-2018-1 * Store managers earn an average yearly salary of more than $160,000, more than what the typical tech worker in Silicon Valley makes for the year. * High wages for fast-food workers can lead to increased productivity, less employee turnover, and bigger profits in the long run.
Yes, and when you make $160,000 in the rural south each dollar goes much further