Quote: Originally posted by Bajaboy | Quote: Originally posted by lencho |
Great example of a union shooting itself in the foot. As I understand it, they asked for too much, the owner called their bluff, and the whole staff
lost their livelyhoods.
Not to mention La Paz losing its iconic hotel. |
Sounds like a bad business model if the owner couldn't pay a living wage
|
Agreed. That's why so many reported "job openings" in the USA. Even a single adult can't make it on $8 an hour, without having to resort to
government support programs. Nothing like privatizing the profits, and socializing the costs. Capitalism at it's best.
If a restaurant can't survive without exploiting either the workers or taking advantage of social programs, they definitely have a poor business
model.
It would be interesting to see where these "millions" of jobs are geographically, and what the wages offered are. Also the prevailing local rent
prices, etc. Maybe a lot of people have run the numbers and these jobs are little more than "slow starvation" and not even enough to stay afloat.
How can anyone expect to build wealth (the Holy Grail of American Capitalism!!!) with negative cash flow????
John
[Edited on 9-4-2021 by John Harper] |