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Old 01-12-2014, 10:24 PM
 
Location: NJ
18,665 posts, read 20,012,457 times
Reputation: 7315

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http://www.nytimes.com/2014/01/09/ny...src=rechp&_r=0

It is unfortunate that people learned the hard way, that artificially imposed wage levels are often not sustainable. It is doubly bad for the servers, who, no doubt, were getting large tips all along, and not relying on simply the paycheck wage rate.
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Old 01-12-2014, 10:32 PM
 
Location: The Republic of Texas
78,863 posts, read 46,768,449 times
Reputation: 18521
Yes, you can price yourself out of a job.

Ask anyone that is self employed and has to look for work daily.
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Old 01-12-2014, 11:46 PM
 
Location: Jacksonville, FL
11,163 posts, read 10,750,648 times
Reputation: 9839
Quote:
Originally Posted by BentBow View Post
Yes, you can price yourself out of a job.

Ask anyone that is self employed and has to look for work daily.
Exactly.

However, we'll probably still get the standard crowd in here arguing that the closing wasn't related to the workers getting raises, that the business was poorly run (although shutting down the portion of the business that is losing money is a perfectly sound business decision), or some other fallacious reasoning as to why someone else is to blame rather than the workers who arranged to get themselves fired.
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Old 01-13-2014, 12:45 AM
 
Location: Wasilla, Alaska
17,823 posts, read 23,506,312 times
Reputation: 6541
Quote:
Originally Posted by BentBow View Post
Yes, you can price yourself out of a job.

Ask anyone that is self employed and has to look for work daily.
That is certainly true. It works both ways. Setting your rates too low can be just as detrimental as setting them too high.
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Old 01-13-2014, 03:49 AM
 
Location: Area 51.5
13,887 posts, read 13,706,906 times
Reputation: 9177
Quote:
Originally Posted by JimRom View Post
Exactly.

However, we'll probably still get the standard crowd in here arguing that the closing wasn't related to the workers getting raises, that the business was poorly run (although shutting down the portion of the business that is losing money is a perfectly sound business decision), or some other fallacious reasoning as to why someone else is to blame rather than the workers who arranged to get themselves fired.
Or that the business owners are richer than Sam Walton, yada yada yada.

Lord, they get boring!
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Old 01-13-2014, 04:06 AM
 
26,636 posts, read 15,195,538 times
Reputation: 14769
Welcome to Applebee's. My Name Is Tablet. May I Take Your Order? - DailyFinance

Tablets may start replacing waiters and waitresses at Applebees and other restaurants. These tablets would probably screw up the order less and you wouldn't have to wait around 10 minutes to pay for the meal either -- as each tablet has a credit card swipe.

People forget that businesses exist to turn a profit. A restaurant providing quality food at cheap prices is just one way to help make a profit. If a restaurant is forced to pay more for labor - they will look to decrease labor costs in other ways like replacing staff with tablets...a profit will be made or the place will close down.
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Old 01-13-2014, 04:22 AM
 
3,555 posts, read 4,105,143 times
Reputation: 1632
Do people not understand correlation versus causation? According to the article, the restaurant had never been profitable. Is there some additional information you can show that links the wage increase with the closing?
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Old 01-13-2014, 05:13 AM
 
Location: Massachusetts
10,029 posts, read 8,365,036 times
Reputation: 4212
Quote:
Originally Posted by Grsz11 View Post
Do people not understand correlation versus causation? According to the article, the restaurant had never been profitable. Is there some additional information you can show that links the wage increase with the closing?
The wage increase made it even less profitable which appears to be the straw that broke the camel's back.

Whiny liberals will be coming in to blame corporate greed in 3......2...1..
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Old 01-13-2014, 05:31 AM
 
69,368 posts, read 64,252,293 times
Reputation: 9383
Very telling statements from the story

and that the restaurant had lost money since it opened
“A lot of us got hurt,” she said. “I think they are being greedy.”

So these employees knew the restaurant was losing money, went out and got their wages more than doubled, despite accepting the job at their lower starting wages, and its the one losing money, being greedy..
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Old 01-13-2014, 05:36 AM
 
Location: Great State of Texas
86,052 posts, read 84,668,587 times
Reputation: 27720
Quote:
Originally Posted by pghquest View Post
Very telling statements from the story

and that the restaurant had lost money since it opened
“A lot of us got hurt,” she said. “I think they are being greedy.”

So these employees knew the restaurant was losing money, went out and got their wages more than doubled, despite accepting the job at their lower starting wages, and its the one losing money, being greedy..
Because MSM and our elected officials have been telling the masses that business owners are rich and greedy and hoarding all their profits.

So people have come to associate all business like those evil greedy Walton family members living high off the hog while the workers grovel for mere bread crumbs.

5 years of this over and over and the people have become brainwashed.

The likes of the Waltons must be laughing over this one because it only serves to put their competition out of business and drive more customers to them.
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