951–960 of 961 posts
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https://www.restaurantbusinessonline.com/financing/mcdonalds...
Exactly! Thanks for sharing this. Currently the demand for higher wages is suddenly slightly more weighted towards the employee and yet McDonalds can pull out a three year timeline to get to $15 an hour, by which time inflation will make the increase insufficient
Whatever.
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This easy solution is already being found by businesses everywhere. https://www.businessinsider.com/ice-cream-shop-doubles-minim...
Bless your heart.
No applicants, advertised $15 an hour, got 1,000 in a week and the bottom line isn't affected, less turnover and happier employees.
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Bless your heart.
No, bless your heart. You don't believe the story? It's a simple one. No applicants, advertised $15 an hour, got 1,000 in a week and the bottom line isn't affected, less turnover and happier employees.
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No, bless your heart. You don't believe the story? It's a simple one. No applicants, advertised $15 an hour, got 1,000 in a week and the bottom line isn't affected, less turnover and happier employees.
https://www.linkedin.com/in/h-jacob-hanchar-ph-d-72b1a013/
The restaurant industry has known the solution for a long time but everyone wants to pretend it would be too difficult. Stop the tipping guilt trip placed on the public, raise your prices 20%, and pay your employees a livable wage. The public will still show up to eat in your restaurant.
That may be the case for some....but that is not the case for all. For one ancedote, my father in-law runs a restaurant with my aunt in-law (his sister). They are the only workers, and split the profits evenly. They are in the midwest (low taxes), and own the restaurant's property/building. They were able to completely shut down during COVID and restart back up, and have survived several economic downturns. They are…
This is why hard-enforced industry standards are a good. The situation you describe only exists when the price increase happens for 1 single restaurant and the others stay the same.
However many exist in the region, as long as there's no mandatory system, they're just gonna wait it out, see who gives up first, people stop going there and go other places instead, thus increasing traffic and income without having to raise prices.
This race to the bottom will be won by those who are already the richest and can weather the financial storm the best.
It's a system by which those at the top of the rungs actively prevent anyone from passing them through hard work.
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It's hilarious that this perfectly rational and fact based remark is downvoted. This place has gone full blue anon.
Its hilarious that you don't read the article to realize the comment is wrong. Surprise, confirmation bias strikes again.
The restaurant industry has known the solution for a long time but everyone wants to pretend it would be too difficult. Stop the tipping guilt trip placed on the public, raise your prices 20%, and pay your employees a livable wage. The public will still show up to eat in your restaurant.
That may be the case for some....but that is not the case for all. For one ancedote, my father in-law runs a restaurant with my aunt in-law (his sister). They are the only workers, and split the profits evenly. They are in the midwest (low taxes), and own the restaurant's property/building. They were able to completely shut down during COVID and restart back up, and have survived several economic downturns. They are…