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.
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.