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> If Waffle House can't hire employees at a price point the market demands then it shouldnt operate. If WH can't hire employees at a price point the market dem
by brodouevencode 3y ago
> If Waffle House can't hire employees at a price point the market demands then it shouldnt operate.
If WH can't hire employees at a price point the market demands it *won't* operate - there will be no employees. People are willing to work at those rates so there will be a pool of employees available.
- komali2 3y ago> If WH can't hire employees at a price point the market demands it won't operate - there will be no employees. Another way to say this argument is "the USA economy requires a service sector of people inches from poverty in bad working conditions, to survive." If a country has to stand on the blood of its working class to survive, that country probably shouldn't exist. > People are willing to work at those rates so there will be a pool of employees available. The alternative is homelessness. This isn't ethical. Other countries have fast food restaurants with workers that have housing and healthcare. If the American government and corporate strategists can't organize its economy in a way to deliver this life to its citizens, it should be replaced, no? Unless you think "might makes right?"
- brodouevencode 3y ago> If a country has to stand on the blood of its working class to survive, that country probably shouldn't exist. You speak like zealot. I can't take any of this seriously.
- komali2 3y ago> I can't take any of this seriously. At your peril, I guess. What do you think the end result is of prices of rent and food going up, price of goods going up, and wages not moving?
- brodouevencode 3y agoMy peril? What does that mean? Markets work the way they work and will respond accordingly. The outcome may not be ideal but humans aren't always the most rational or predictable.
- komali2 3y ago> My peril? What does that mean? It means it sounds like you aren't really interested in paying attention to this issue which means you may be blindsided by a recession or economic collapse. > Markets work the way they work and will respond accordingly. This doesn't really mean anything I don't think, I'm not really gleaning information here.
- senectus1 3y agono, it will go out of business and a franchise that CAN be profitable will pick up its market. American minimum wage laws are an international disgrace.
- brodouevencode 3y agoPrecisely my point. WH (or any other business for that matter) must learn to adapt to the market or it will fail. Labor pressures in any direction will force changes - in low elasticity domains (like the food industry) they must do this quicker. FWIW you're going to see a lot of chain restaurants turn to automation to avoid labor in particular, but it also has the benefit of consistency and food safety adherence.
- lores 3y agoDesperate people will work for desperate wages. That's not ethical, let alone for the richest country in the world. As a Frenchman, I'd suggest American people should get a bit more used to unions and strikes. It's not like the French system is fair, but it's a lot fairer. You can roll your eyes and think "it couldn't happen here, that's not how we do things", but every habit starts somewhen.
- brodouevencode 3y ago> it's a lot fairer The American system requires people to vote with their feet (freedom of choice of employment) and their wallets (freedom of market choice), thereby giving individuals the direct power instead of some bureaucratic entity who may or may not have the individuals' best interests in mind.
- lores 3y agoIf you believe that people who aren't paid half a million to come up with new ways to display ads have meaningful freedom of choice of employment, rather than different flavours of shit sandwiches, I politely suggest you reassess. And if you think consumers, unorganized, have enough information and meaningful alternatives to choose products, and willpower and knowledge to beat professional marketers and a relentlessly hammered in culture, well, I politely suggest you reassess that too. I agree with you in principle - but there is nowhere near power parity between employers and employees, or corporations and consumers, so that's moot until there is.
- brodouevencode 3y agoI fully understand and agree that the assumption of perfect/symmetrical information in an economic system doesn't exist, but it's a lot better than what you seem to suggest, and recently (the past 30 years) has only gotten better.