- cross-posted to:
- economy@lemmy.world
- cross-posted to:
- economy@lemmy.world
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I personally know someone who rents a building and runs a bar as a business. Between rising labor costs and the landlord wanting more money, he’s closing as of January. I’m sure he isn’t the only one considering this.
I personally believe we should pay people what they are worth and it should be a living wage. That said, there obviously are going to be some small businesses that close due to this change. I hope we don’t end up with a bunch of chain restaurants taking over to fill the void…
Unfortunately that’s the risk of the restaurant Industry. It’s a highly competitive and low margin business.
Unfortunately it’s also oversaturated with way too many small restaurants to make it viable enough for everyone unless they pay below minimum wage for labour.
If 20% of restaurants go out of business, the remaining 80% with get all the business from those that shut down and make enough money to pay their employees a livable wage.
Unfortunately that means the workers from the failing 20% need to find work in another industry, but the workers in the remaining 80% get a much needed increase in income rather than everyone suffering.
Some service industry folks I’ve talked to are happy about it. Some are cautiously optimistic. I still think it’s a good step in the right direction, but like I said - I’m worried chain restaurants will move back in to fill the void and I’d rather have small businesses to go to.
Vote with your dollars. I won’t go to Elysian anymore b/c of AB’s antiunion shit a few days ago.
Yeah same with Starbucks. I can’t support them after everything they’ve done against unions.
sounds like landlords need to be paid a whole lot less. Fund the minimum wage with a maximum rent.
