Quote:
Originally Posted by Locke
Man....there are days when I'm convinced that you're not a complete idiot.
This isnt one of them.
Restaurants can make money. But its hard. The point is that the Government doesnt need to make it unnecessarily harder.
|
60% of non-chain restaurants fail the first year, 80% over 3 years.
Your statement of restaurants can make money but it’s hard - lines up pretty nicely with my statement of people buying a dream rather than making a sound investment. It’s almost like you agree a restaurant isn’t the best investment one can make.
I generally agree that the government didn’t need the last minimum wage increase and that it was too much too quickly with limited data on the affect. That wasn’t what the post I was responding to was addressing. You said that people don’t leave their businesses because there aren’t other jobs.
I disagree, they don’t quit because they didn’t make a rational investment in the first place. The only way to open a restaurant is with someone else’s money. Even successful ones barely give decent return on Capital Invested.