But, they warn, it also could mean rising menu prices.
"Ultimately in any business, the customer pays for everything," Waffle House CEO Walt Ehmer told Business Insider. "We don't have any other source of revenue other than the customer. So, we have to be careful how we treat our customers and we don't stick it to them with giant price increases.
Ehmer said that, as states raise minimum wages, Waffle House is prepared to deal with a $15 federal minimum wage. However, he said he hopes that a federal wage hike comes in stages, so that the chain does not have to send menu prices skyrocketing. The federal minimum wage is in the spotlight following the election of Joe Biden. Biden campaigned on the promise of a $15 minimum wage. While the divided government will make it more difficult for the president-elect to pass regulation around higher pay on a federal level, states passing their own legislation are making minimum wage an increasingly hot topic of conversation. the sandwich chain would consider raising menu prices in the long term.
Raising menu prices is, at this point, a tried-and-true response to minimum wage regulation for many restaurant chains. Executives at
Lmaooooo
I love the argument for higher wages. Every Democrat I know spends like a republican. Everyone wanting this is using a Foreign(f) phone, wearing f clothes & f furniture. f doesn’t have minimum wages and will further create the divide.
And less staff
More small business destruction.
this is an embarrassing example of ‘journalism’
PAGING: BusinessInsider Fear Mongering Your Table Is Ready TODAY'S SPECIAL BULLSHIT FOR BREAKFAST Economy StockMarket Business
Or how about - crazy new idea - instead of passing along the cost to customers they decrease pay to senior management and executives, and reduce profits for shareholders?
I think they’re starting to realize how it works benshapiro
Everyone is fighting their own battles even people at higher position. Instead of forcing them to pay higher wages make it competitive so employers have to pay higher wage. Educate your workforce take them out of labor jobs..convert them to high paying jobs.
It's the restaurant industry who lobbied to have workers wages passed onto to the customer.
So.
I'll dine somewhere else if they do that. Competition is a good thing. $15 minimum wage can be achieved by balancing compensation throughout the organization and being more cost efficient. Higher quality wait staff will also drive revenue.
🤔
Although I want entry level employees to succeed, this min wage will kill a lot of small businesses, send jobs to China and restrict overall human motivation to do better.
Such BS. Wages are only one expense; dividends are another. Prices go up in this case to maintain a particular level of excess profitability.
Adjust, people. God knows the working poor have had to.
No it doesn’t. It means the company can make a tad less then their millions in profit. Don’t blame the servers. Go beyond , to the corporate big shots! How much is enough?
Oh shit where have I heard this before Didn’t Biden dispute this at the debate and invalidate the position?
90% of news about covid and trump
Don’t we go through this every time you talk about a minimum wage? Oh raising wages will kill jobs. It never happens, but yet you guys rehash this stupid line of reasoning every time. We are all tired of it.
Does is have to be? Can’t the cut the wages of the higher positions? Idk