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To: afraidfortherepublic

A 6% increase is closing down restaurants? 36% to 42% labor increase? So a $10.00 entree now is $10.60. Sucks but not earth shattering. Something else is going on here.


55 posted on 03/14/2015 7:39:53 AM PDT by central_va (I won't be reconstructed and I do not give a damn.)
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To: central_va
You have to ad 16+ percent to 36 to get 42.

36% to 42% is a 16.66% increase NOT 6%.

99 posted on 03/14/2015 8:47:22 AM PDT by lewislynn (What does the global warming movement and the Fairtax movement have in common? Disinformation)
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To: central_va

The way it works is that the restaurant has to bring the workers’ tip receipts up to the minimum wage. So in high-end places, where the prices are high, the waiters make plenty of money from tips and the restaurant doesn’t have to supplement them at all. I think they pay them a minimum, $2 or so. In lower-end places, like diners, it makes the economics of the restaurant infeasible. Very mean to mom-and-pop type places. Means nothing to the fancy places.


118 posted on 03/14/2015 10:05:18 AM PDT by firebrand
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To: central_va

If it was as simple as just increasing prices, maybe you would have a point.


136 posted on 03/14/2015 11:32:49 AM PDT by gogeo (If you are Tea Party, the eGOP does not want you.)
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