Re:CEO behind Japan’s best-performing stock says his secret ...
by novok on Monday May 17, 2021 @02:40AM
(#27180633)
The better workers move on to better restaurants where pay-for-performance is somewhat implicit, like tips in restaurants. You want your highly tipped waiters because they are the salespeople of your restaurant, and their commissions are a measurement of that.
Re:CEO behind Japan’s best-performing stock says his secret ...
by lotsofpulp on Monday May 17, 2021 @10:22AM
(#27183743)
Right, but what if people cannot afford or do not want to pay the amount required for better restaurants with better staff 80% of the time?
That’s what the current business landscape looks like to me when I see the various restaurant options.
The fact that there are tens of thousands of restaurants not hiring workers like yourself or Dave to increase sales 20% to 50% means there must be something preventing that. Such as insufficient number of workers like yourself or Dave at the wages they can pay and also sell at a low enough price, or the inevitability of workers like yourself to leave for greener pastures, or maybe sales would not go up 20% to 50%.
Either way, the market data is very clear for some businesses that they aren’t able to necessarily differentiate themselves at scale to earn enough profit to offset the costs.