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But that’s exactly what happens. A marginally profitable store becomes an unprofitable store and shuts down. Fewer stores serving the same customers more effici
by zaroth 7y ago
But that’s exactly what happens. A marginally profitable store becomes an unprofitable store and shuts down. Fewer stores serving the same customers more efficiently are able to afford paying the remaining employees the new prevailing wage.
There’s a lot of slack in how many customers per hour a team can serve in a fast food restaurant. Look at In N Out burger at lunch time versus the average Wendy’s.
You can pay an experienced team 2x to serve 5x as many meals. But you’ll need 1/5th as many restaurants.