Posted by
Message
germandawg
Member since Sep 2012
14036 posts

re: Restaurant Group Files For Bankruptcy After Minimum Wage Laws Harm Profitability
quote:

Can always tell the ones with zero experience in business or manufacturing.


How does on go about having zero experience in business?

At any rate since you have such a broad and deep understanding of business and manufacturing why don't you take a stab at 'splaining how it is that a production cost increase means it is possible to pass those increased costs onto consumers? Then explain how, were this the case, it is necessary to manage costs at all since regardless of how high they are you simply pass them onto consumers with no ill side effects.

What's that? You say if costs exceed the price consumers are willing to pay then you're shite out of luck? Well lookey lookey cookie cookie....someone does realize that an increase in production costs does not mean you can necessarily raise prices to consumers....and agrees with my point completely....just because production costs go up there is no expectation that prices go up as well....if a product or service is priced appropriately there is not a lot you can do to up the price...that's what management manages...hell if you could simply pass on all costs no matter how high to consumers eerybody'd be in bidness!


Replies (0)
Replies (0)
01
USA Dan
Alabama Fan
Spanish Fort, AL
Member since Jul 2015
520 posts

re: Restaurant Group Files For Bankruptcy After Minimum Wage Laws Harm Profitability
quote:

Just curious, but how many of your entry level workers were druggies, too? That seems to be par for the course up here for restaurant servers. That's all they can get to take those jobs.

Most of them were, some probably still are.
I have a 2nd chance philosophy.

Most of my guys were at one time in prison, or have a drug/assault/DUI rap sheet.

We've turned around quite a few guys and I'm very proud of that, but if I had to start them at 15.00/hr, I would probably pass.


Replies (0)
Replies (0)
10
jrodLSUke
LSU Fan
Tigerdroppings Premium
Member since Jan 2011
14434 posts

re: Restaurant Group Files For Bankruptcy After Minimum Wage Laws Harm Profitability
quote:

Also Democrats: "Look at the jobs people are losing in Trump's economy"

Also Democrats: "We need an economy that works for everyone, not just for the people who didn't lose their jobs!"


Replies (0)
Replies (0)
00
conservativewifeymom
Mid Atlantic
Member since Oct 2012
8285 posts

re: Restaurant Group Files For Bankruptcy After Minimum Wage Laws Harm Profitability
I think this excerpt from the article should be used to hit the regressives in the face:

'Restaurants Unlimited employs about 1,885 part-time workers and 168 full-time restaurant staff as well as 50 salaried employees at its headquarters in Seattle.'

Also need to add in jobs at vendor companies that supply the restaurants. Yeah, I'm sure all of those laid off individuals are super excited about the higher minimum wages as they go and apply for unemployment compensation. AOC, where are you!?!?!


Replies (0)
Replies (0)
00
SOSFAN
South Carolina Fan
Blythewood
Member since Jun 2018
2636 posts

re: Restaurant Group Files For Bankruptcy After Minimum Wage Laws Harm Profitability
Someone is clueless about the difference in revenue and profit.


Replies (0)
Replies (0)
00
TD SponsorTD Fan
USA
Member since 2001
Thank you for supporting our sponsors
Advertisement
Mulat
LSU Fan
Tulane - Tiger in Avalon Bch, FL
Member since Sep 2010
14916 posts

re: Restaurant Group Files For Bankruptcy After Minimum Wage Laws Harm Profitability
quote:

A progressive disease..


Amputation Required it is definitely Gang-rene


Replies (0)
Replies (0)
00
Dawgfanman
Member since Jun 2015
6643 posts

re: Restaurant Group Files For Bankruptcy After Minimum Wage Laws Harm Profitability
quote:

quote: quote:That'll happen when all of a sudden you are expected to actually be self reliant instead of merely claiming to be.... not too loud, lest welfare people hear it Same situation...both are relying on society to make it possible for them to live.


Not at all. One was producing something of value (food), generating tax dollars, employing people, etc. the other is wasting oxygen and space


Replies (0)
Replies (0)
00
AlceeFortier
Member since Dec 2016
1640 posts

re: Restaurant Group Files For Bankruptcy After Minimum Wage Laws Harm Profitability
help one but screw over many!!!! predictable


gthog61
Georgia Tech Fan
Irving, TX
Member since Nov 2009
44337 posts

re: Restaurant Group Files For Bankruptcy After Minimum Wage Laws Harm Profitability
quote:

help one but screw over many!!!! predictable



Corky has a comment!


Replies (0)
Replies (0)
00
dafif
Member since Jan 2019
301 posts

re: Restaurant Group Files For Bankruptcy After Minimum Wage Laws Harm Profitability
germandawg

While it may not be true for all businesses, you certainly do not know the insurance industry...

quote:

I don't know of any economic law which states that as costs go up prices automatically follow. If this were true there'd be very little risk in operating a business.


Every automobile insurance company and homeowners company passes their additional costs with rate increases. EVERY SINGLE ONE!


Replies (0)
Replies (0)
00
first pageprev pagePage 7 of 7next pagelast page
refresh

Back to top

logoFollow TigerDroppings for LSU Football News
Follow us on Twitter, Facebook and Instagram to get the latest updates on LSU Football and Recruiting.

FacebookTwitterInstagram