5 ms·
The minimum wage is lower for workers who receive tips in most states. Restaurants can pay this lower "tipped minimum wage" and save money.
by SAI_Peregrinus 2y ago
The minimum wage is lower for workers who receive tips in most states. Restaurants can pay this lower "tipped minimum wage" and save money.
- randomdata 2y agoThere is no realization of higher profit margins, though, which means that restaurants operating under that model also have to reduce their income in order to "save" on wages. So, while a fun distraction, we're right back to you thinking that money in someone else's hand is better than money in your own. What is your rational? Conventional wisdom says that there is leverage in increased cashflow. Why is the conventional wisdom wrong?