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Restaurant workers quit at record rate

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Re: Restaurant workers quit at record rate

#202
post #168

Earlier quoted context omitted.

> This seems a bit pessimistic, as I know plenty of people with 3 kids and pretty typical jobs… "Living wage" may include having enough margin to save such that one may retire at something resembling a typical retirement age. If so, it's very easy to under-cut it and still be apparently doing fine, until age 70 when you have to keep working, through illness and pain, as a Wal-Mart greeter. This also means responsible…

>"Living wage" may include having enough margin to save such that one may retire . Doesn't seem to be. >[The living wage model] does not provide a financial means for planning for the future through savings and investment or for the purchase of capital assets (e.g., provisions for retirement or home purchases). https://livingwage.mit.edu/resources/Living-Wage-Users-Guide...

I stand corrected!

Must be childcare costs & housing making it so high, then. I gather childcare costs vary quite a bit from city to city, and in my cheaper location those are easily the two biggest expenses, with childcare eclipsing housing by a fair margin, for 1-parent and 2-parents-both-working categories on the calculator, with 3 kids.

FWIW only the "management" category's average income is (barely) above the "living wage" for a single-adult household, for three kids, here. Since that's pre-tax income, yeah, I'd say that's about right. Kids are crazy-expensive.

Re: Restaurant workers quit at record rate

#203
post #29

Restaurant owners refuse to pay higher wages because that would remove a huge profit source for them - variable pricing. As long as part of the wage is in tips the owner effectively is capable of charging customers different prices. Rich people pay more but poor poeple also visit. If you raise the price to pay a good wage without tips and abolish tipping you lose the poor customers.

This would apply to all industries and yet every one else seems to be able to figure it out. Also I have never been to a Restaurant where I got a different menu based on my W2.

Edit: I missed the point, my fault.

Re: Restaurant workers quit at record rate

#204

Earlier quoted context omitted.

> The employers aren’t raising their wages either They are. It takes time but they are. I work in a business that is having a hard time hiring entry level healthcare workers because Walmart and Amazon warehoueses is now paying $15-20/hr when it was only $12 pre-covid. Walmart and Amazon would only raise wages if they truly had a labor supply issue, which they do, we all do.

Walmart and Amazon raising wages allows them to exercise their huge scale to further crush their competitors. With their huge efficiencies of scale and deep cash reserves, they are better able to offer higher wages than competitors. During the pandemic, both Walmart and Amazon have seen huge growth. They can continue this growth post-pandemic by squeezing their competitors on wages, and eventually emerging with less…

Being able to be more efficient and pass down savings to low prices and higher worker wages seem like a good thing.

Re: Restaurant workers quit at record rate

#205
post #99
post #57

Earlier quoted context omitted.

It's hilarious that this perfectly rational and fact based remark is downvoted. This place has gone full blue anon.

It’s neither rational nor fact based. The government isn’t “paying people to sit at home” it’s providing the bare semblance of a social safety net (kind of, not really) in the middle of an unprecedented pandemic. Hopefully these changes become permanent because automation continues to decrease the need for workers and wealth inequality continues to pressure the working class at historically high levels.

>It’s neither rational nor fact based. The government isn’t “paying people to sit at home” it’s providing the bare semblance of a social safety net (kind of, not really) in the middle of an unprecedented pandemic.

That might be the intent, but that's irrelevant to the actual distortionary effects that it causes on the job market that gp is talking about.

Re: Restaurant workers quit at record rate

#207

Earlier quoted context omitted.

> was mostly ephemeral (look at inflation in car/house prices). It was driven largely by real estate appreciation. How do you figure that this is ephemeral? Your second paragraph contradicts your first. America's policy in 2020 was decisively _not_ neoliberal, and was in fact one of the most generous in the world[1]. This is in part due to necessity borne of a smaller safety net than other OECD countries, but it's a…

Come on! Real estate appreciation only matters for people that own multiple properties and can therefore afford to sell without compromising the roof over their heads, i.e. landlords. My sole property doubling in value, along with every other house in comparable neighborhoods, is 100% ephemeral, because there is no way to realize that value without liquidating my family's quality of life--a counterproductive maneuver…

>because there is no way to realize that value without liquidating my family's quality of life

not really. you can reverse mortgage it when you retire.

Re: Restaurant workers quit at record rate

#208

Earlier quoted context omitted.

as i've observed it is true in some kinds of stores like CVS/walgreens (like a shoppers drug mart in Canada). But I've never observed such behavior in, say, a Trader joes or a FF restaurant.

Yeah, CVS/etc are a special kind of case. They have a lot of the same products as a big box store, even alcohol, (but a limited variety). Because they're so much smaller, they can't justify dedicated resources for loss prevention. Often times when I visit one of these stores, they have 1 or 2 employees working in the entire store, maybe 3 or 4 during a shift change or busy time. Never more than 2 people on a register…

I think the bean counters are missing lost sales because I dont want to go in a CSV/Walgreens anymore.

Re: Restaurant workers quit at record rate

#209

Earlier quoted context omitted.

This is a great resource. I'd nitpick that the childcare expense is IMO a terrible evolution of society. People used to take care of eachother's kids while they were at work (eg, work less hours or compressed days and trade day care days with a friend. ). It's far better for children to have stable adult support (ie same small set of people stably over time) than a revolving door of new employees, whomever is working…

That requires friends or local family and America has another massive issue with friendless people on the rise.

super agree. But for some reason our government seems focused on fixing this by paying for childcare rather than encouraging community...

Re: Restaurant workers quit at record rate

#210
post #181

Earlier quoted context omitted.

> Iirc, by far the greatest %-age net worth growth in 2020 was among the bottom 50%: greater than the growth in the top 10% or top 1%. That’s not true at all. By far most gains were captured by the wealthy: https://www.cnbc.com/2021/06/23/how-much-wealth-top-1percent...

>That’s not true at all. By far most gains were captured by the wealthy: The problem with that analysis is that it implies a 1%/1% growth (for rich/poor respectively) is preferable to a 2%/6% growth.

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