Anyway, I gladly pay $20 for a good burger and fries. No big deal.
But there are many many ways to use the market to help out a restaurant. Most are just so lazy or set in their ways that all they can think of is hiring more people at low wages to do their work. Mom and Pop stores have this problem quite often.
Most of the time it's gonna take the owner's brain power and elbow grease to negotiate the markets and find cheaper/better supply, figure out better price to demand ratios, and work the hours that aren't being picked up by low wage help.
Why would I raise wages if I was in their place? Seems like a terrible idea. I would CUT wages. I would tell my employees who were faithful that they were going to take a wage cut to keep the restaurant going.
Then, I would probably create a profit sharing arrangement. I would divide my restaurant into shares and "sell" them to the employees on a kind of rent to own basis. Each part of their paycheck that I had slashed would be used to buy share coupons.
Then I would streamline the menu and improve production efficiency.
Capitalism works, dude.
Straight up- how much will you pay for a diner plate? Because raising wages means prices go up. $18 for a burger and fries? Come on.
Anyway, I gladly pay $20 for a good burger and fries. No big deal.
But there are many many ways to use the market to help out a restaurant. Most are just so lazy or set in their ways that all they can think of is hiring more people at low wages to do their work. Mom and Pop stores have this problem quite often.
Most of the time it's gonna take the owner's brain power and elbow grease to negotiate the markets and find cheaper/better supply, figure out better price to demand ratios, and work the hours that aren't being picked up by low wage help.
Why would I raise wages if I was in their place? Seems like a terrible idea. I would CUT wages. I would tell my employees who were faithful that they were going to take a wage cut to keep the restaurant going.
Then, I would probably create a profit sharing arrangement. I would divide my restaurant into shares and "sell" them to the employees on a kind of rent to own basis. Each part of their paycheck that I had slashed would be used to buy share coupons.
Then I would streamline the menu and improve production efficiency. Capitalism works, dude.