Under no pretext should a portion of the profit margin be surrendered; any attempt to compensate the workers must be frustrated, by force if necessary.
The business goes under because no one wants to eat there because it's overpriced and understaffed. This guy is going to blame the minimum wage increase.
It means you don't have a viable business plan lol
If you can't cover any other cost of doing business, it's "aw shucks that's unfortunate, this is why most businesses go under, better luck next time." But if you can't cover payroll it's supposed to be different?
Im still processing this. California is a corporatized hell scape. And when large companies can write laws that give them the advantage they will. Creating sudden up front costs is a way larger companies can edge out smaller competitors.
I love that when they were going to approve minimum wage increases, folks were whining that it would destroy all of those jobs.
Now that the increase is happening, instead of those jobs disappearing, suddenly there are SO MANY that it's giving every worker a chance to just switch jobs.
The absurd anti labor practice, the name of the restaurant, and picture of the boomer cracker owner complete with boomer shades makes this look like a parody.
"I'm a small business owner!" no, deary, you're just the fall guy for a massive international firm. For a fraction of the profits, you get the privilege of holding all the risk of actually operation a restaurant.
I think they actually get almost all of the profits of the store. The fast food company makes money from the franchise license, rent, and supplying the equipment and food
The argument I used to believe when I was young but now never do is “if we pay fast food workers 15 an hour, the price of a burger will double in price too”
For reference, minimum wage hourly rate in my state is roughly half of 15 dollars (like it is almost everywhere) so the idea was that doubling minimum wage would double the cost of goods sold.
That doesn’t make any sense. Sure, the cost will rise, but by no means does it mean that the cost will double. There is no economic law or observed rule that conclusively states that an increase in minimum wage equates to a dollar per dollar cost per item. It’s just funny that I used to think that was true until I actually thought about it and realized how little sense it made
Cost won't rise because cost is determined by what people will pay for it rather than what it costs to produce. Any price rise is based on competition in the local area and whether it will decrease total customers.
Hey, how about we call up landlords and tell them to provide free rent? That should lower the costs of many restaurants to compensate, so that way consumer prices won't go up and maybe go down? Right? Right?