Reply to When are restaurants going to owner prices just paid $100 for olive garden

Forum Index » Food, Cooking, and Restaurants

Reply to "When are restaurants going to owner prices just paid $100 for olive garden "

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]People demanded $15 an hour, and when others said prices would go up, they were shouted down. Well?[/quote]

Go back to high school economics and try again until you get it.[/quote]

Ok, the explain it. I’ll use just this thread. 
Olive Garden has @30 non server staff. Raising the wages $5 an hour on them, is $150 an hour, $1500 on a 10 hour day, or  $45,000 per month. Guess where that comes from?

Jimmy John’s has 5 people that were making $9, now it’s $15, so $30 an hour extra, $300 a day, $9,000 a month. I’d guess that’s $2 a sub or so, now your $12 sub is $15.

It’s not that hard, and no I don’t "blame those who want a better wage" I just know it’ll be passed on to me and can’t complain if it is. [/quote]

But don't forget -- record level corporate profits, all throughout this.

Why are profits going up so much? To record levels? That's not "having" to raise prices just to cover wages and break even. That's using your argument as a shield for drumming up record corporate profits, and blaming wages for it.[/quote]

Jimmy Johns is a franchise. The average owner of one makes $90k a year. His expenses just went up $108k. I guess he can afford to work for -$18k or he’s greedy right?

High School economics indeed. 
[/quote]

Maybe if every other fast food or semi-fast-food shop is making a killing (see below) in this same environment, and your hypothetical franchisee is the only one who can't, then perhaps he isn't really that good at his job. I don't see why the rest of us should be playing tiny violins and subsidizing someone who can't make a profit unless he bilks his employees, especially when other people seem to be able to figure it out.

[quote]Restaurant profits are not down. Darden (Olive garden, Ruth Chris, Longhorn, Red Lobster, Cheddars); McDonald’s;Wendy’s; Wingstop; Chipotle; and Yum Brands have all reported a beat in the top and bottom. Chipotle, Darden and McDonald’s are killing it. So teacher you are doing extremely well with your McDonald’s stick. I wish I had not sold my darden. Dumb move on my part.[/quote][/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics