Guess again.
Sounds fair. Bye.
I love it when liberals fail.
It happies me.
Profit Margin seemed like such a dirty word, in college.
This article is representative of 1) the stupidity of the media and 2) the lies of the left.
Nowhere in the article does it mention what a “living wage” actually is - or how the workers were compensated. The Boston Globe is behind a paywall, but I doubt it said also. I tried to find out details by going to several other sights, ALL regurgitating the same propaganda. Even the operator of the business, only give us this bit of fluff
According to Dudley Dough’s Facebook page, workers received wages above industry standards and received “the direct economic benefit of their labors through profit sharing.” The shop gave out free pizza four days a week to students of local math tutoring program Pie R Squared and hosted weekly events like “Social Justice Mondays.”
Was also interesting to learn that Patriots owner Robert Kraft donated $100K to this pizza place also.
In sum what is “social justice?” - cheap slogans, political pressure, and bad business plans.
I`ll take a large with everything on it except anchovies and tips.
It pleases me greatly to see this bastion of virtue-signaling fail, but unfortunately the duds behind Dudley’s don’t seem to see the error of their ways. Incredible.
“Regulars at the restaurant say they’re losing a community resource and a singular business based on a premise of economic justice and healthy food, according to the Globe report.”
SO why didn’t you and your “regular” pals eat there 3 times a day? Regulars...how many was that? Two?
Reality gets its revenge on people who think that businesses prime purpose is to create jobs, let alone well paying jobs.
The only reason an entrepreneur would ever start a business is to make money and the only reason he would hire someone is if that person helps him make more money.
Old but still fun to read!They are such morons aren’t they?
Will a fair wage work? Long term? No..
Wage goes up, cost of product goes up and they’re money does not buy more than it did before the wage went up. Then, they will be pushed in to a higher tax brackets and actually be worse off.
“The challenge for Dudley Dough was to support itself,” Bing Broderick, Haley House executive director told the Globe. “The pizza shop attempted to put a social enterprise model into action.”
And what did we learn?
“I don’t think anyone is looking at it as a failure,” said Luther Pinckney, a team leader at Dudley Doug”
Apparently, nothing.
he should have taken out loans to pay them! RATS aren't smart enough to understand the business model of a lemonade stand...
Without profits, there is no sustainability, no capital for expansion, no return for the owners, etc.
This guy missed the make-a-profit step and went straight to the living wage, social equality and community reinvestment direction.
He forgot he had to stay in business. Reminds me of the epic failure of the 20th Century Motor Corp. in Ayn Rand's "Atlas Shrugged". Liberals kids of the deceased owner inherit a successful business and run it into the ground trying to practice socialism as a business model.