3 ms·

Please, restaurant jobs are blue collar, working class jobs. Even operating a restaurant is long, hard labour. Most restaurant owner/operators I know work 12

by Mikeb85 11y ago

Please, restaurant jobs are blue collar, working class jobs. Even operating a restaurant is long, hard labour. Most restaurant owner/operators I know work 12 hour days, 6-7 days per week, and if they were to go bankrupt, certainly wouldn't be able to just jump to the next project... Capital doesn't simply line up for restaurateurs because there is no big exit. The most you can hope for is to make a profit by the time your lease runs out, and maybe pay yourself a salary.

stormbrew 11y ago
I don't think anyone is arguing it's easy to run a restaurant, or even to start one. That's not the point. The point is that someone having a business that's failing, or losing their job for that matter, has not had their "livelihood destroyed". They have had one tool in maintaining their livelihood removed, it does not mean they have no more. And while capital does not (and really should not) line up easily for restaurateurs, I would still argue that someone who can raise capital once has a well above average chance of being able to raise it twice, regardless of the risk of the venture. This also assumes the only choice a business owner has when their business fails is to start another.