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Started By
Message
Restaurant Group Files For Bankruptcy After Minimum Wage Laws Harm Profitability
Posted on 7/9/19 at 3:57 pm
Posted on 7/9/19 at 3:57 pm
No way anyone could have seen THIS coming. 
townhall
quote:
Bloomberg News reports that Resturaunts Unlimited, Inc. "which operates 35 restaurants ranging from fine dining to “polished casual” eateries, including Henry’s Tavern, Stanford’s and Kincaid’s, filed for Chapter 11 protection in Delaware on Sunday."
Chief Restructuring Officer David Bagley directly blamed "progressive wage laws" for the move.
"Over the past three years, the company’s profitability has been significantly impacted by progressive wage laws along the Pacific coast that have increased the minimum wage," Bagley said. "As a large employer in the Seattle metro market, for instance, the company was one of the first in the market to be forced to institute wage hikes."
townhall
24
Posted on 7/9/19 at 3:58 pm to L.A.
Dems - “that is their fault”
Posted on 7/9/19 at 3:59 pm to L.A.
A progressive disease..
Posted on 7/9/19 at 4:01 pm to L.A.
quote:
No way anyone could have seen THIS coming.
Posted on 7/9/19 at 4:02 pm to Hogs78
quote:
A progressive disease..
A disease which certainly is progressive!
Posted on 7/9/19 at 4:05 pm to L.A.
shocking...
Posted on 7/9/19 at 4:05 pm to L.A.
That'll teach those evil capitalists for trying to make a profit off the backs of the worker's party
Posted on 7/9/19 at 4:06 pm to L.A.
Probably crap food did them in. People will excuse politics, blasphemy, racial hatred, even LSU fan ownership if the food is good enough.
Posted on 7/9/19 at 4:09 pm to jimdog
quote:
People will excuse politics, blasphemy, racial hatred, even LSU fan ownership if the food is good enough.
I note you ignored the problem here.
Posted on 7/9/19 at 4:11 pm to L.A.
Dems: hey, we DID build that!!
Posted on 7/9/19 at 4:12 pm to BuckyCheese
You talking 'bout an extra two or three bucks on the tab? LOL! Times are good right now and people are eating out hell or high water. The people hurt will be the marginal one whose food quality is not there.
This post was edited on 7/9/19 at 4:23 pm
Posted on 7/9/19 at 4:16 pm to BuckyCheese
I was managing a Deli/Store last time the Democrats raised the minimum wage and the owners ordered me to cut the number of employees from 25 to 22 due to new higher wages. The Dem's got 3 workers fired, two were Black. The Gov't and Democrats hurt the poor and middle class.
Posted on 7/9/19 at 4:18 pm to L.A.
I tried to explain to a lib how a 15.00 MW would cost me 250,000 per year becausae of what you have to do for the 12.00, 14.00, and 16.00 per hour employees.
My 15.00/hr operator makes 5.00 more than my entry level guy for a reason. I'd have to bump everyone up accordingly. I'd also go out of business unless I layoff many and raise my rates.
Shocker they didn't understand.
Oh, and you can forget me ever hiring someone with no experience again.
My 15.00/hr operator makes 5.00 more than my entry level guy for a reason. I'd have to bump everyone up accordingly. I'd also go out of business unless I layoff many and raise my rates.
Shocker they didn't understand.
Oh, and you can forget me ever hiring someone with no experience again.
Posted on 7/9/19 at 4:20 pm to L.A.
Democrats: "If you can't afford to pay your employees a living wage you don't deserve to be in business"
Also Democrats: "Support your local businesses, frick corporations, frick places like Wal Mart"
Also Democrats: "Support your local businesses, frick corporations, frick places like Wal Mart"
Posted on 7/9/19 at 4:21 pm to L.A.
quote:
Bloomberg News reports that Resturaunts Unlimited, Inc. "which operates 35 restaurants ranging from fine dining to “polished casual” eateries, including Henry’s Tavern, Stanford’s and Kincaid’s, filed for Chapter 11 protection in Delaware on Sunday."
Is that related to the one that is in Redondo Beach by chance?
Posted on 7/9/19 at 4:24 pm to L.A.
quote:
Chapter 11 protection in Delaware
quote:
progressive wage laws along the Pacific coast
I understand they may be a Delaware corp for tax purposes, but on the chance that they have eastern seaboard restaurants, the solution is to get out of the Pacific coast region.
Posted on 7/9/19 at 4:27 pm to L.A.
Dems will say, "Learn to code."
Posted on 7/9/19 at 4:31 pm to airlinehwypanhandler
quote:
Democrats: "If you can't afford to pay your employees a living wage you don't deserve to be in business"
Also Democrats: "Support your local businesses, frick corporations, frick places like Wal Mart"
Also Democrats: "Look at the jobs people are losing in Trump's economy"
Posted on 7/9/19 at 4:38 pm to L.A.
quote:
Henry’s Tavern, Stanford’s and Kincaid’s,
Never heard of them......maybe the food sucked or the concept is dated
Posted on 7/9/19 at 4:39 pm to 14&Counting
quote:
Never heard of them......maybe the food sucked or the concept is dated
Yep..started sucking and became dated at the same time that minimum wages were raised.
That seems likely. Occam's Sledgehammer?
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