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The article also points out that after paying the chef, wait staff, etc, the restaurant makes about $4 on that lobster dinner. I think the reason it seems wei
by randallsquared 12y ago
The article also points out that after paying the chef, wait staff, etc, the restaurant makes about $4 on that lobster dinner. I think the reason it seems weird is that we implicitly assign the same effort-value to each of these stages, but in fact the restaurant has more work to do per lobster than any of the previous stops in the chain.
- jthol 12y agoMore work but they are also in a very high rent area compared to all other steps.
- mattmanser 12y agoActually, he pulled a fast one there by using percentages. Just because a meal is expensive doesn't mean it suddenly pays more of the rent. It's the profit margin while he's making a loss on other meal. If all those diners had bought a $40 meal instead, the rent would not have magically decreased.