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Any job where the amount of labor has a fixed proportion to the possible economic output will at best track inflation. Software can pay well because the code you write can service 100, 1K, 1M, or 1B customers.. with some time spent on scaling. There's not much a single chef can do such that their labor which serves 100 tables/night can suddenly scale to serve 1000 tables/night. The only way the replicate that kind of outcome in restaurant trade is to for example, open multiple restaurants with investor capital, hire cheaper chefs as your understudy to run each location, while you set menus, standards, and find efficiency on things like procurement, accounting, lease deals, etc. Other options are to move more aggressively into some sort of profitable takeaway menu, selling food kids, branded merchandise, etc. |