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To: central_va
That might be true in many industries, but it's the exact opposite in the areas where I operate. In the last 18 months I've seen this process unfold many times in businesses that rely heavily on entry-level employees:

1. Employer can't find staff.

2. Employer raises wages and hires a few new staff.

3. Employer raises prices accordingly (this is driven by higher staff costs as well as inflation in all other areas of running the business).

4. A brief article appears in the local newspaper: "ABC Restaurant will close at the end of the month after serving the community for 50 years."

127 posted on 06/22/2022 7:05:03 AM PDT by Alberta's Child ("It's midnight in Manhattan. This is no time to get cute; it's a mad dog's promenade.")
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To: Alberta's Child
A brief article appears in the local newspaper: "ABC Restaurant will close at the end of the month after serving the community for 50 years."

Good. That is the way capitalism is supposed to work. After these idiots close then the other restaurants in that market still open will have a larger labor pool to choose from which will stabilize wages.

133 posted on 06/22/2022 7:08:23 AM PDT by central_va (I won't be reconstructed and I do not give a damn...)
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