Re:Labor shortage or terrible jobs?
by tomcam on Friday April 30, 2021 @11:08PM
(#27002653)
That’s a really excellent idea. On the off chance that you may be wrong in a few cases, what happens if you go out of business after raising your prices enough to get wages high enough to be where you think they should be?
[ Parent
| on HN ]
That’s why the government has minimum wages, which help the market deal with that.
Fast service restaurants have already adapted. Five Guys or Chipotle cost more for a better product. McDonalds has to remind you on the wrapper that their burger contains beef.
There is a working restaurant a few blocks away.
Re:Labor shortage or terrible jobs?
by throwawayboise on Saturday May 01, 2021 @02:41AM
(#27003870)
And they're fully staffed. What do all the employees of the shuttered restaurant do?
60% of restaurants fail in the first year. The employees get unemployment (they aren’t gig workers) and find another job.
This is the system we are using. I don't have to like it. Scaling is done something like: If there is room for 4 shoe stores and there are 7 its going to be difficult for all of them until 2 close.