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I suspect they're well aware that this could happen. A business that can't function with reasonably paid workers probably doesn't have much of a legitimate busi
by bdcravens 3y ago
I suspect they're well aware that this could happen. A business that can't function with reasonably paid workers probably doesn't have much of a legitimate business plan to begin with. After all, razor-thin margins mean minimal income to pay taxes on, so they're of little value to the state and should be replaced by more profitable ventures.
- rahimnathwani 3y ago"After all, razor-thin margins mean minimal income to pay taxes on" Not really. In San Francisco, if you're selling burritos for $10+tax, the government gets $0.86 in sales tax for each burrito, even you make nothing or make a loss.
- gruez 3y ago>After all, razor-thin margins mean minimal income to pay taxes on, so they're of little value to the state and should be replaced by more profitable ventures. 1. Sales tax/gross receipt taxes are a thing in most jurisdictions 2. Low margins are a good thing. It means there's healthy competition driving prices (and thus profits) down. 3. Supermarkets are pretty low margin as well. Should we get rid of them and replace them with GPT wrapper startups?