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Dec 8, 2023Liked by Unraveling Economics

Let’s not forget higher wages means more loyal employees and training costs go down because employees don’t quit as often and productivity and efficiencies increase as well...:)

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Let’s pretend for a minute the argument that we shouldn’t raise minimum wage because it might mean a burger costs a little more is correct and real.

The idea that the person who makes that burger shouldn’t be able to both eat and pay rent to save you a few cents is so sickening as to not be worth consideration.

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"Trump is unfit to be President...other candidates who are unwilling to say that are also unfit to be President." Yes. Now, if Christie had an ounce of integrity, he’d endorse the only decent candidate left running – President Biden.

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"Trump is unfit to be President...other candidates who are unwilling to say that are also unfit to be President."

Yes. Now, if Christie had an ounce of integrity, he’d endorse the only decent candidate left running – President Biden.

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Restaurants simply adjust to external cost factors by both raising menu cost and improving employee efficiencies. The real myth is that there are excessive profits remaining to absorb economists' political fantasies. When one calculates the risk involved, combined with the extremely long hours required to operate restaurants, the profits of this industry are among the lowest of all businesses. If I am wrong, please produce the lists of bankers chomping at the bit to write restaurant loans. I will wait...

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