[sagar]

“Anyone who thinks that a $15 min wage will work in the restaurant industry is a damn fool. It will destroy restaurants”

All these lower end restaurant jobs will be automated. No need for chefs, waiters, and cashiers. High-end restaurants will still have humans.

[Bullish]

My family has been in the restaurant biz their whole lives and I worked in them too as a kid. The margins on food is so tiny that you have to sell tons of food to have a successful restaurant. The prices have to be set in just the right "sweet spot" so as to be able to move your inventory and still make a profit. If small restaurants are forced to pay such high labor then they will have to raise prices too keep them afloat. There's no alternative to that except maybe automation.

It's really an already dying business model that they operate under and now greedy liberals want to drive the final nails into the coffin.

Liberals NEVER have an economic idea that isn't destined to be a complete and utter failure.