This article unfortunately doesn't address the business side of the problem. Fast food restaurants, or place like "Dale's" mentioned in the article, make very little profit. It is most likely below 10%. Here is an estimate: https://www.restaurant365.com/blog/what-is-the-average-profi... . A 10% profit is very modest. That's not the story of the "fat cats getting rich on the back of the workers" that the article is al…
> This article unfortunately doesn't address the business side of the problem. Good! I've been hearing about "the business side of the problem" my entire life -- lectured sternly about it, in many cases. All while few of the Adults and Experts - people with Real Power, in other words - dare even mention some of the topics laid out in the link. > I'm just saying that both sides of the equation need to be examined, i.e…
But you count the costs and it turns out you will break even in 50 years or if anything goes bad never, like, one bad hire will drown you.
You look at Google, Apple, Facebook stocks ... there is always a risk but no one got fired for buying IBM right? If you put your money in that stocks you don't have to worry about bad employees, sanitary inspections, paying rent, bad customers.
That is what those Adults and Experts are trying to tell you, local business is not some "magic" that makes money or loses it. Behind every local business with shitty jobs there are people, don't make every business equal to faceless Facebook, Google or Apple. Your local pizza shop has an owner who is as much an employee as his staff.