527
Helped end the "dirt cheap labor" shortage.
There isn't a labor shortage, we should call it a wage shortage
Right, because if it were an actual shortage, you couldn’t just “end” it, just like that.
It genuinely blows my goddamn mind that this article is actually considered news and has to even be published.
Like, what the fuck do they teach people in business school these days?? Just cut costs endlessly? Like "I have this restaurant with no employees that serves nothing and charges $1B per customer. I will be rich!" ??
Like, what the fuck do they teach people in business school these days?? Just cut costs endlessly? Like "I have this restaurant with no employees that serves nothing and charges $1B per customer. I will be rich!" ??
I work in corporate retail, and yes, basically. It's pretty wild how myopic senior leadership can be at times.
Came here to post just this. How fucking stupid are the people in charge of these places? That offering higher wages gets you more/better employees is such a revolutionary concept that not only has nobody else tried it, but when one does and realizes it works, it becomes a Business Insider article?
You don't have to be an MBA to understand supply and demand. If there is less supply of workers and more demand for workers the market price of work will rise. Did they think the labor market was a slave trade?
I really genuinely do not understand how so many supposedly smart successful business people can be so stupid as to not understand such a simple concept.
I thought it might be an Onion headline.
Hey, worked for that mobile app that sold for like $2k and just showed some shiny bling animation
my pet dogs started living once i started poking fucking holes in the crates
Fucking holes in the crate... i don't like where this is going.
Fucking holes, zombie dogs.
Wow, I wonder how they thought of that. You mean there’s actually an ability for hospitality workers to negotiate for better pay and conditions? I guess we’ve already seen the CEO and stockholder class kicking up a fuss and insulting the crap out of labor with the “nobody wants to work anymore” bullshit and various propaganda.
Whenever I hear: There's a labor shortage!
My brother in Christ there's over 8 billion humans alive today surely you can solve this problem.
The shortage is in people with little enough self-respect to work for greedy pricks unwilling to pay them a living wage.
raising prices 6% to cover costs
It only takes a miniscule amount of money to make a business work by keeping workers happy. It takes a moronic business leader to refuse to spend because they can't live without their single digit percentages.
Glad that business saw the light and made some sustainable choices.
Pollo Tropical.... that's who.
Wow! I'm surprised! They learned basic economics!
WOW 🤯
In other news, water is wet. Wait. We have breaking news! Fire is hot!
It's as if when people can afford to work for you, they will work for you
What a fucking shock, who could have ever seen this coming? They should publish their research, the world has to know!
shocked pikachu face
I'm not sure whether to laugh or cry at this headline.
Here's a thought experiment to all those companies experiencing a "labor shortage":
If you were to post a job offer, but list pay that's twice as high as the industry average, would you still have no applicants? If the answer is no, then the problem is you.
So what you're telling me is, people do want to work? Who knew?
This is the only time that has ever worked. /s
Key word:
Its
Paying more can't magically make more people available to work and there are real labor limits right now. It just means that if you want people, you have to make sure you're using them as effectively as possible and pay them above market rates.
But for every guy you get, the other guy loses a spot and has to compete harder.
This is a good thing.
Or we could... Reduce overproduction a little bit? 🤷
You first
I'm not in a political decision making position.
Well yeah, that would be catastrophic and it would also be either murder or hilariously repressive government control of reproduction
Are you having a stroke?
Dragging them kicking and screaming.
Genuinely happy for everyone involved in this story. The real test will be how much top line revenues are impacted when the higher menu prices kick in next month.
The Caribbean-food chain is raising prices by up to 6% in December to fund higher labor costs.
A full platter of food is $10.39, you raise that 6% and you get $11.01 as your price. I think they're going to do fine.
Imagine if everyone paid enough then everyone could afford to buy shit so the businesses would actually make more. 🤯
And they can earn respect if they use $11.01 instead of $10.99. Though best to round to $11 (unless you guys have done away with pennies like we have in Canada and it's always rounded to the nearest $.05).
Nope, we still have pennies and they cost more to make than they're worth. 🤷
Hear that, folks? Markets work. 🙂
😲
this post was submitted on 16 Nov 2023
527 points (99.3% liked)
Work Reform
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A place to discuss positive changes that can make work more equitable, and to vent about current practices. We are NOT against work; we just want the fruits of our labor to be recognized better.
Our Philosophies:
- All workers must be paid a living wage for their labor.
- Income inequality is the main cause of lower living standards.
- Workers must join together and fight back for what is rightfully theirs.
- We must not be divided and conquered. Workers gain the most when they focus on unifying issues.
Our Goals
- Higher wages for underpaid workers.
- Better worker representation, including but not limited to unions.
- Better and fewer working hours.
- Stimulating a massive wave of worker organizing in the United States and beyond.
- Organizing and supporting political causes and campaigns that put workers first.
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