by Rufus Juice
And what did we think was going to happen?
Restaurants operate on razor thin margins. Its why the forced closures of Covid closed so many – forever.
Mandating people close doors – Closes doors forever.
Mandating unsustainable wages – Closes doors forever.
Other chains have already raised prices this week – foot traffic will be down sharply starting next week as the new prices are experienced by customers.
You cant legislate a good life. Legislating unrealistic minimum wages for the fast food industry – doesnt work.
John Q Public will not pay $30 for a McAnything. we cant afford it.
So you’ve already seen doors close. workers laid off.
the next story will be the impact on the Apps and Delivery Services.
its just not sustainable, Socialism still doesn’t understand it has to come from somewhere. Wealth cannot be created nor destroyed – only transferred. sometimes stolen.
Only the US Government has the book of blank checks that they know will never be paid off. The US Government is living on credit cards, and the only answer will be bankruptcy – and the end of the nation as we know it.
Economics are a science. Trying to legislate natural laws breaks everything. As well legislate the weather which to be fair they also want to do.