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by opo
1828 days ago
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>...Actually labour is like $0.15 cents of it Where are you getting that number from? >...A fast-food restaurant could typically run labor costs around 25% while a full service restaurant could run about 30-40% of revenue depending on how up scale the bar or restaurant is and the demand needed. https://academy.getbackbar.com/average-restaurant-costs-liqu... >... you want a hamburger to cost $50?!?! No one is claiming that proposed higher minimum wages would cause hamburgers to cost $50 - you don't need to use a hyperbolic straw man. But even before the pandemic, the minimum wage increases that went into affect in 2020 have had some effects on restaurants: >... A study by Harri revealed that a whopping 71% of restaurants have responded to the recent minimum wage increases by raising menu prices.
In addition to price increases (71%), reduced employee hours (64%) and job eliminations (43%) were the most common reactions to wage inflation. https://pos.toasttab.com/blog/on-the-line/how-restaurants-de... |
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