5 ms·

>>To me, it's clear from reading this comments that many people do not understand the economics of a restaurants. Which are far different than chain fast-food p

>>To me, it's clear from reading this comments that many people do not understand the economics of a restaurants. Which are far different than chain fast-food place locations. How much clearer can it be than if the financial balance of the restaurant is not profitable, it is time to shift into a different menu and price points, or shut down all together and find a different avenue of work. The restaurant owners are in the same predicament as their workers. If it's not worth pursuing for your time and money, then pursue something else more worthwhile. Adjust or die.

citilife 5y ago
> The restaurant owners are in the same predicament as their workers. If it's not worth pursuing for your time and money, then pursue something else more worthwhile. Adjust or die. Oh I (and my family members) agree, they're trying to sell the businesses. Typically small time businesses like this are highly tied with personal finances. You can't just "close up shop" when you have a $50k loan and no job lined up. Again, it's more complex than people recognize. For instance, you can raise your prices (and my family has), but they have to compete with other chain restaurants. So they can't raise prices too much faster than the competition.
- fishtacos 5y ago
  >>Typically small time businesses like this are highly tied with personal finances. You can't just "close up shop" when you have a $50k loan and no job lined up. Understandable, of course. Some of my sentiment was informed by the article-in-question's supposition that workers were being too demanding in terms of wages and a plea for sympathy that rang hollow in terms of her arguments (IMO at least). Workers do not owe anything to anybody - if a more prodigious opportunity presents itself, it ought to be taken. The pain points are going to become more apparent as we try and sort through a new standard that has upended much of what we took for granted emotionally, socially and culturally (including morality and finances in the latter). Wishing your family good luck.
  - simplestats 5y ago
    > Some of my sentiment was informed by the article-in-question's supposition that workers were being too demanding in terms of wages and a plea for sympathy that rang hollow in terms of her arguments (IMO at least). She complained about being screwed and left out by govt programs, and about Facebook commenters who called for higher pay like it was something she hadn't thought of. Didn't notice any bashing of workers.
    - fishtacos 5y ago
      Read the article again. She talks about Uber helping her business and that tips don't help her bottom line, which is... categorically untrue: they save her from having to pay her employees a living wage and hiring delivery people, which she would be paying a living wage to. then she goes on a rant about how people don't want to work because "unemployment" during A PANDEMIC! Boo-hoo to someone who cares less about he health and lives of her employees than her bottom line. Again... this is coming from someone who is already financially stable with several successful businesses and a very successful spouse. Completely oblivious in her perspective. Read the article again, this time slower and with fewer prejudices. To point out one last thing: most restaurants fail. She is complaining about being successful but not as much as she'd like... while the US experiences a 4.2% unemployment rate, which is amazing given where we were a year ago. Talk about lacking any perspective.
      - simplestats 5y ago
        > then she goes on a rant about how people don't want to work because "unemployment" during A PANDEMIC! She specifically says "I don't blame them" (emphasis hers) referring to those people on unemployment. she is complaining about the incentives created by the govt program, which I referred to.
      - citilife 5y ago
        I don't agree, just want to provide some context > 4.2% unemployment rate, which is amazing given where we were a year ago That's not exactly an accurate way to describe what's happening... Look at the 25 year trends: https://tradingeconomics.com/united-states/employed-persons https://tradingeconomics.com/united-states/employed-persons https://tradingeconomics.com/united-states/employment-rate https://tradingeconomics.com/united-states/employment-rate 59% of the population is currently employed, down from 65% in 2000. We're down ~2.5% from where we were in 2020. Which doesn't exactly seems to jive with the reported "unemployment rate" - https://tradingeconomics.com/united-states/unemployment-rate https://tradingeconomics.com/united-states/unemployment-rate In 2020, 158M were employed, now 155M are employed (with millions increase in population). We're probably looking at a gap of at least 5 million. Average working hours have not increased: https://tradingeconomics.com/united-states/average-weekly-hours https://tradingeconomics.com/united-states/average-weekly-ho...
mns 5y ago
It's quite weird seeing people talk like this here. Most of the users here, who probably work at IT companies and startups that never made money until now, never will make money, or needed to burn 10 years through investors money, that are basically the pensions of the people you mock here, come and talk about adjust or die and time to find something different to work on, if you're not profitable.
- fishtacos 5y ago
  >>Most of the users here, who probably work at IT companies and startups that never made money until now, never will make money, or needed to burn 10 years through investors money, that are basically the pensions of the people you mock here. Umm, no - I'd sincerely doubt that "most of the users" here are working at IT companies and startups that never made money until <insert random date>. Even if they did, they certainly were being compensated well for the work. Are you aware that we are discussing a POSSIBLE living wage of roughly 15 USD/h, which is still ridiculously low, but at least a laudable goal, while you are selling me laments about the VCs and owners not making it in what is an incomparable industry to hospitality (60% of restaurants fail in the first year - she's still profitable throughout her multiple restaurants even in the middle of a pandemic and has the temerity to complain about paying her workers living wages... done here) My argument is not about IT companiesand VC-funded startups, but about the restaurant business in a mid-pandemic economy and the lack of perspective the owner of said restaurant displays regarding her worker's wages. If she is willing to treat them as merely expenses to be eliminated and not as partners in a struggling business reaching success, then again, she should not be running a restaurant. Food is essential - restaurants are not (to quote someone else somewhere up/downthread).

citilife 5y ago

> The restaurant owners are in the same predicament as their workers. If it's not worth pursuing for your time and money, then pursue something else more worthwhile. Adjust or die. Oh I (and my family members) agree, they're trying to sell the businesses. Typically small time businesses like this are highly tied with personal finances. You can't just "close up shop" when you have a $50k loan and no job lined up. Again, it's more complex than people recognize. For instance, you can raise your prices (and my family has), but they have to compete with other chain restaurants. So they can't raise prices too much faster than the competition.

fishtacos 5y ago
>>Typically small time businesses like this are highly tied with personal finances. You can't just "close up shop" when you have a $50k loan and no job lined up. Understandable, of course. Some of my sentiment was informed by the article-in-question's supposition that workers were being too demanding in terms of wages and a plea for sympathy that rang hollow in terms of her arguments (IMO at least). Workers do not owe anything to anybody - if a more prodigious opportunity presents itself, it ought to be taken. The pain points are going to become more apparent as we try and sort through a new standard that has upended much of what we took for granted emotionally, socially and culturally (including morality and finances in the latter). Wishing your family good luck.
- simplestats 5y ago
  > Some of my sentiment was informed by the article-in-question's supposition that workers were being too demanding in terms of wages and a plea for sympathy that rang hollow in terms of her arguments (IMO at least). She complained about being screwed and left out by govt programs, and about Facebook commenters who called for higher pay like it was something she hadn't thought of. Didn't notice any bashing of workers.
  - fishtacos 5y ago
    Read the article again. She talks about Uber helping her business and that tips don't help her bottom line, which is... categorically untrue: they save her from having to pay her employees a living wage and hiring delivery people, which she would be paying a living wage to. then she goes on a rant about how people don't want to work because "unemployment" during A PANDEMIC! Boo-hoo to someone who cares less about he health and lives of her employees than her bottom line. Again... this is coming from someone who is already financially stable with several successful businesses and a very successful spouse. Completely oblivious in her perspective. Read the article again, this time slower and with fewer prejudices. To point out one last thing: most restaurants fail. She is complaining about being successful but not as much as she'd like... while the US experiences a 4.2% unemployment rate, which is amazing given where we were a year ago. Talk about lacking any perspective.
    - simplestats 5y ago
      > then she goes on a rant about how people don't want to work because "unemployment" during A PANDEMIC! She specifically says "I don't blame them" (emphasis hers) referring to those people on unemployment. she is complaining about the incentives created by the govt program, which I referred to.
    - citilife 5y ago
      I don't agree, just want to provide some context > 4.2% unemployment rate, which is amazing given where we were a year ago That's not exactly an accurate way to describe what's happening... Look at the 25 year trends: https://tradingeconomics.com/united-states/employed-persons https://tradingeconomics.com/united-states/employed-persons https://tradingeconomics.com/united-states/employment-rate https://tradingeconomics.com/united-states/employment-rate 59% of the population is currently employed, down from 65% in 2000. We're down ~2.5% from where we were in 2020. Which doesn't exactly seems to jive with the reported "unemployment rate" - https://tradingeconomics.com/united-states/unemployment-rate https://tradingeconomics.com/united-states/unemployment-rate In 2020, 158M were employed, now 155M are employed (with millions increase in population). We're probably looking at a gap of at least 5 million. Average working hours have not increased: https://tradingeconomics.com/united-states/average-weekly-hours https://tradingeconomics.com/united-states/average-weekly-ho...

mns 5y ago

It's quite weird seeing people talk like this here. Most of the users here, who probably work at IT companies and startups that never made money until now, never will make money, or needed to burn 10 years through investors money, that are basically the pensions of the people you mock here, come and talk about adjust or die and time to find something different to work on, if you're not profitable.

fishtacos 5y ago
>>Most of the users here, who probably work at IT companies and startups that never made money until now, never will make money, or needed to burn 10 years through investors money, that are basically the pensions of the people you mock here. Umm, no - I'd sincerely doubt that "most of the users" here are working at IT companies and startups that never made money until <insert random date>. Even if they did, they certainly were being compensated well for the work. Are you aware that we are discussing a POSSIBLE living wage of roughly 15 USD/h, which is still ridiculously low, but at least a laudable goal, while you are selling me laments about the VCs and owners not making it in what is an incomparable industry to hospitality (60% of restaurants fail in the first year - she's still profitable throughout her multiple restaurants even in the middle of a pandemic and has the temerity to complain about paying her workers living wages... done here) My argument is not about IT companiesand VC-funded startups, but about the restaurant business in a mid-pandemic economy and the lack of perspective the owner of said restaurant displays regarding her worker's wages. If she is willing to treat them as merely expenses to be eliminated and not as partners in a struggling business reaching success, then again, she should not be running a restaurant. Food is essential - restaurants are not (to quote someone else somewhere up/downthread).