Article

2017-01-26 Economy

Surprise: Bay Area Restaurants Disappear After Minimum Wage Hike

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Posted by Besoeker 2017-01-26 05:09|| || Front Page|| [2 views ] Top

#1 new minimum wage laws, brushing them aside as if they were largely insignificant

Well, of course wages are insignificant. Businesses just have to take a tiny, little cut in their enormous, obscene profits. The science is settled.

Besides, it could've been the new regulations.

Posted by Bobby 2017-01-26 07:32|| 2017-01-26 07:32|| Front Page Top

#2 Yet the media are struggling to make the connection between high minimum wages and restaurant closures.

Cause they live in an alternate universe in which cause and effect are unknown. Hey, they can't even figure out why newspapers and magazines are going out of business.

Posted by Procopius2k 2017-01-26 08:04|| 2017-01-26 08:04|| Front Page Top

#3 Everyone knows that restaurants have enormous profit margins.

Right? Right?

Posted by charger 2017-01-26 08:14|| 2017-01-26 08:14|| Front Page Top

#4 Not to mention the possible interplay of raising minimum wages with the raising of other costs.

Of course the restaurants the media favor are the last to be effected.

Posted by AlanC 2017-01-26 09:09|| 2017-01-26 09:09|| Front Page Top

#5 the restaurant biz is a very difficult space

catering and alcohol have higher margins and less waste and if you can get these going you have a chance otherwise, its a precarious situation

article says 60 closings in 3 months -- that's probably not too much more than the average

Posted by lord garth 2017-01-26 09:17|| 2017-01-26 09:17|| Front Page Top

#6 Gosh it's like raising a high jump bar doesn't mean the participants jump higher.

Posted by Bright Pebbles 2017-01-26 10:02|| 2017-01-26 10:02|| Front Page Top

#7 As far as I am concerned, food/beverage service is among the toughest businesses out there. So many variables, so many expiration dates, so little profit margin.

Posted by swksvolFF 2017-01-26 10:55|| 2017-01-26 10:55|| Front Page Top

#8 ...and so many fickle employees. First blue-collar job was dishwasher in high school. Three scheduled to work Sat and Sun; I was the only to show up. Except one time this dumbass showed up in berkinstocks and wool socks. He lasted 15 minutes and a cig, then walked, where I was actually relieved to be working alone.

So picture this very popular Italian restaurant in competitive downtown market if this once a future man (still consider myself a boy at that place in time, this job changed that) with a work ethic did not show.

Posted by swksvolFF 2017-01-26 11:01|| 2017-01-26 11:01|| Front Page Top

#9 And the last restaurant left standing will be Taco Bell.

Posted by gorb 2017-01-26 11:22|| 2017-01-26 11:22|| Front Page Top

#10 Demolition Man.

Not a great movie, but it is fun.

Posted by rjschwarz 2017-01-26 11:36|| 2017-01-26 11:36|| Front Page Top

#11 Apparently there's more money in protesting than food prep.

Posted by Hupuck Gray8571 2017-01-26 22:10|| 2017-01-26 22:10|| Front Page Top

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