3 ms·
I realize this is the exception and not the rule, but it's great to see that fast food chains can make incredible profits while paying their employees significa
by Judgmentality 9y ago
I realize this is the exception and not the rule, but it's great to see that fast food chains can make incredible profits while paying their employees significantly more than the competition. There are so many restaurateurs and investors claiming it's impossible for the fast food industry to survive the $15 minimum wage hike, but I suspect it will just make this already cut-throat space even more prone to failure.
- hueving 9y agoIn-N-Out truly seems to be in a league of its own. The one I frequented in Mountain View would consistently have a line through off hours. I would show up midnight and still have to wait. Meanwhile, the Jack in the Box just down the street usually had about 3 cars in the lot, one for each employee. It's very possible that $15/hr could kill a lot of less popular fast food restaurants, particularly in more isolated areas.
- briandear 9y agoThe market at work! Make a shit product and get driven out of the market or be forced to up to game. Ultimately that means better pay and better products. (Since the two go hand in hand when it comes to service-driven businesses — In and Out is a case in point.)
- mschuster91 9y ago> Make a shit product and get driven out of the market or be forced to up to game. The problem is when you have a fastfood restaurant in a run down part of the town where people may have money for a $1 cheeseburger but not for a $2 cheeseburger.
- hueving 9y agoBetter pay for those lucky enough to work at the remaining 10% of restaurants. Not good for the remainder of employees.