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re: 200,00 likes for this tweet: "you shouldn't own a business if you can't afford $15 MW

Posted on 1/15/21 at 9:27 pm to
Posted by LuckyTiger
Someone's Alter
Member since Dec 2008
45361 posts
Posted on 1/15/21 at 9:27 pm to
quote:

I’m going to enjoy it when these hipster idiots who push this kind of thing can’t get their “craft” beer, eat at their exclusive local bistro, get coffee at their “craft” roaster and their hip parts of downtown dry up because their small biz can no longer compete with the big monopolies the leftist government is in bed with. We are IN idiocracy.


There was an unintentionally great news story by npr that I read a while back where a woke restaurant owner began paying his employees $15 an hour. He raised his prices to help cover the costs of increased labor wages. His customers stopped eating at his restaurant, opting to go elsewhere or eat at home. When customers did come to his restaurant, they ordered less food, skipped drinks, and spent less money. A couple would share an entree rather than order two entrees.

He had to let some of his staff go to make money. It was only a temporary respite, kicking the can down the road. He still couldn’t balance the books. He eventually had to stop paying his employees $15 wages.

What did he learn from all of this?

He blamed the customers.

He was right and good, they were wrong and bad.
This post was edited on 1/15/21 at 9:33 pm
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