Re:It's not a labor shortage – it's a wage and workers right...
by lordnacho on Sunday September 05, 2021 @02:33PM
(#28426551)
That rock-and-a-hard-place choice is often what happens when a business dies, right? You live between your costs and your income. This may just be the business version of the 9/11 falling man.
It may well be that the market for food places in your area cannot support the current set of outlets, and some of them will have to die, and this is how they die.
The way I think about it is there's a metastability in the economy that's not often discussed. Basically, unviable business models can survive small disturbances. One chef gets fed up, no problem. One customer think it's too expensive for what he gets, no problem. When there's a big shakeup, it all comes crashing down.
It may well be that the market for food places in your area cannot support the current set of outlets, and some of them will have to die, and this is how they die.
The way I think about it is there's a metastability in the economy that's not often discussed. Basically, unviable business models can survive small disturbances. One chef gets fed up, no problem. One customer think it's too expensive for what he gets, no problem. When there's a big shakeup, it all comes crashing down.