Dschrute3
Gold Member
- Dec 10, 2016
- 15,572
- 1,882
- 290
Hasn't even STARTED yet lol. Great link LOLPay the 'surcharge', but bitch the business out. It is shameful. But i'll pay it and keep fellow Americans employed at a livable wage. I feel that's the right thing to do in the end. But hopefully, those businesses will be shamed into doing the right thing eventually. Consumers do have a lot of power. They can force change.
Consumers do have a lot of power and they are walking away.
More Seattle restaurants close doors as $15 minimum wage approaches
Published March 12, 2015
Of course, restaurants close for a variety of reasons. But, according to Seattle Magazine, the “impending minimum wage hike to $15 per hour” is playing a “major factor.” That’s not surprising, considering “about 36% of restaurant earnings go to paying labor costs.” Seattle Magazine,
“Washington Restaurant Association’s Anthony Anton puts it this way: “It’s not a political problem; it’s a math problem.”
“He estimates that a common budget breakdown among sustaining Seattle restaurants so far has been the following: 36 percent of funds are devoted to labor, 30 percent to food costs and 30 percent go to everything else (all other operational costs). The remaining 4 percent has been the profit margin, and as a result, in a $700,000 restaurant, he estimates that the average restauranteur in Seattle has been making $28,000 a year.
“With the minimum wage spike, however, he says that if restaurant owners made no changes, the labor cost in quick service restaurants would rise to 42 percent and in full service restaurants to 47 percent.”
More Seattle restaurants close doors as $15 minimum wage approaches - Shift Washington
More Fear Mongering. The US will immediately collapse if the Minimum Wage is raised. They screech that every time it's raised. And the sky never falls.