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It was a demomstration of how that 90 a hour isn't market rate for what the OP said. No IT people in NC makes 90 a hour in RTP or CLT unless you work for BOA.
It was a demomstration of how that 90 a hour isn't market rate for what the OP said. No IT people in NC makes 90 a hour in RTP or CLT unless you work for BOA.
Except 73 more closed vs opened, so SF lost restaurants net of what they had pre MW hike.
Lincoln, Nebraska had more restaurants close than open last year too. And they didn't have a minimum wage hike. Miami Florida did too. And probably Chicago, NYC, and Dallas as well.
Pick any U.S. city. I'd venture to guess more restaurants close in it than open each year.
01-13-2018, 10:20 PM
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n/a posts
Less to do with minimum wage than with landlords doubling/tripling the rent...
There's a limit to how much even startup workers will pay for avocado toast, and that number is not large enough to cover the insane rent.
It was a demomstration of how that 90 a hour isn't market rate for what the OP said. No IT people in NC makes 90 a hour in RTP or CLT unless you work for BOA.
With bonuses, Wall St receptionists make half that regularly.
Looks like 350 restaurants closed in San Francisco, while 277 opened.
The full $15 minimum wage isn't even in effect and already the pink-slips and restaurant layoffs are in full effect from the extremely high labor costs.
If San Francisco with double the per-capita personal income of Los Angeles and three times that of the Inland Empire can't afford the minimum wage increase even before the full increase has taken into a effect one can only imagine what happens when with the hospitality industry when it is up to the full $15.
With the baby boom (and their parents/grand parents) generation dying off so goes certain dining out/restaurant habits. Millennials are making their presence felt when it comes to restaurants in many ways. First they tend not to favor the long sit down full course joints their parents, or grandparents liked. Date food/drinks is more what they do with an emphasis more on socializing than the whole "white tablecloth" treatment.
Thanks to technology reviews/information about a restaurant is out there *FAST*. Millennials in particular are likely to judge a place based upon peer/Yelp type reviews. All restaurants have off days/nights and or if new need time to find their footing. Sadly just a few bad reviews on Yelp can make a huge problem.
With bonuses, Wall St receptionists make half that regularly.
Glassdoor says JP morgan, for example, $13-14 a hour. Dont know where you are getting your info from.
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