[elbook]

But then my brother, who worked in that industry for most of his career, said that 90% of NEW restaurants dont last a year because the people who buy them don’t understand that THEY are not guaranteed success (even being viable), and will have to work very hard (as in being the first in to work and the last to leave EVERY DAY).

So ‘closing their doors’ includes ‘change of ownership’ cases ??

Leftist hellholes are not exactly a smart place to have a business these days.

.

[gogeo]

I recall from Econ class that industries tend to move toward a given rate of return. Two exceptions (at that time) were airlines and the restaurant industry.

So I assume a given amount of turnover. I also assume that raising costs in the way an increase minimum wage does will put businesses on the margin out of business.