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re: Waffle House workers are the latest group to strike, requesting $25 per hour
Posted on 10/3/23 at 9:26 am to teke184
Posted on 10/3/23 at 9:26 am to teke184
quote:
If Waffle House is charging Whole Foods prices, not a lot of people will eat there. People may like Waffle House et all but they aren’t paying premium dining prices for it. At that point, you go someplace better if it isn’t 3am when the bars close.
Are you saying Waffle House should cut their pay so more people can afford to eat there ?
Posted on 10/3/23 at 9:33 am to SpidermanTUba
I’m saying that restaurants are built on a formula of costs in order to have a menu that people will buy.
X% wages of employees (cooks, waitresses, etc)
Y% for food costs
Z% for building costs (utilities, rent, taxes, etc)
If one of those inputs goes way up, it threatens the prices on the menu. If the prices go up too much, people stop buying and they shut down.
Should wages be artificially depressed for sales? No. But artificially increasing them sure as frick will drive down sales, especially since inflation is already driving up the costs of food like eggs and beef.
X% wages of employees (cooks, waitresses, etc)
Y% for food costs
Z% for building costs (utilities, rent, taxes, etc)
If one of those inputs goes way up, it threatens the prices on the menu. If the prices go up too much, people stop buying and they shut down.
Should wages be artificially depressed for sales? No. But artificially increasing them sure as frick will drive down sales, especially since inflation is already driving up the costs of food like eggs and beef.
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