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

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][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 [b]hypothetical franchisee [/b]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]

It’s not hypothetical. Jimmy Johns was used here as an example of rising food prices. The average owner makes $90k, not "the failing one"

https://smallbiztrends.com/2022/11/jimmy-johns-franchise.html#:~:text=The%20owner%20of%20a%20Jimmy,of%20revenue%20or%20associated%20salary.

You’ve now added more than $90k of expenses by mandating $15 an hour, so he’s at $0. The only way to get his $90k back is pass it on to you.

It’s what people said would happen, no clue why people are surprised.

[/quote]

Maybe the owner should blame the franchisor and not wages. Danish McDonalds workers earn $20+ an hour and a big mac costs $5.50 compared to $5.30 around here. [/quote]

Exactly. If someone is so bad at business that they can't pay a (literal) living wage to their employees, then they are not good enough at it to run the business. I'm sorry about that, champ, but nobody guaranteed anyone their own special important businessman job, just for showing up.

Maybe some of the people who are able to run such giant profits, regardless of the same wage increase, should take over the Jimmie John franchises. Sounds like the JJ corporation has been licensing some duds. [/quote]

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