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To: ontap

Increasing the minimum wage to $15.00 hour is not unsustainable. I am not defending here but do the math. The labor costs in a prepared restaurant meal is about 30%.
Let’s say a diner costs without tip $10.00. Right now $3.00 of that goes to labor. Lets DOUBLE labor costs to $6.00. The meal now costs $13.00. A substantial increase but not “Astronomical”.


27 posted on 12/15/2014 6:03:32 AM PST by central_va (I won't be reconstructed and I do not give a damn.)
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To: central_va

A 30% increase in a fast food meal puts it at the same price as a full service restaurant which increases the competition considerably. That is the type of increase that starts the ball rolling on reducing rates which translates to eliminating positions.


29 posted on 12/15/2014 9:26:28 AM PST by ontap
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