r/antiwork Jan 14 '22 Wholesome 10 Silver 5 Helpful 16

So sorry, I'm broke so I can only pay you $77 for my food. You were great though.

Post image
30.2k Upvotes

7.0k comments sorted by

View all comments

Show parent comments

50

u/Lonely_Animator4557 Jan 15 '22

They could but that could decrease profits and decrease stock value which would anger the investors and cause them to switch cfo or ceo or some other multi million dollar position which they can’t

36

u/[deleted] Jan 15 '22

Most restaurants aren't publicly traded and have no obligation to stock holders. It's purely the restaurant owner being a greedy sociopath most of the time lmao

7

u/Lonely_Animator4557 Jan 15 '22

Still feeds into the point that the people in charge of the company are looking out for themselves Publicly traded companies take this a step further by shifting blame away from the money hoarding c level execs to the “stock holders” which in the USA something like 10% of the population owns 90% of the stock market

3

u/goldenopal42 Jan 15 '22

They’re usually working with some kind of borrowed/invested money though. If only for accounting purposes. That money will move to a different industry where the employees can be exploited better.

Sad fact of American capitalism is the best way to ensure your service person gets paid enough to continue to perform the service you want is to give them the money directly.

I am not saying it’s a great system, but I don’t understand why people are so put off by it either.

I don’t want to pay you. The one I am interacting with. The one here actually doing the work for me. I want to pay your boss and let him figure out what you should earn.

Why? I don’t get it.

1

u/[deleted] Jan 16 '22

“I don’t want to pay you. The one I am interacting with. The one here actually doing the work for me. I want to pay your boss and let him figure out what you should earn.”

Why? I don’t get it.

Well, on its own, I can see why one wouldn't trust their boss with money that would otherwise be handed directly to workers via tips. But now imagine a unionized restaurant with high base wages for servers. Isn't that the ultimate goal with an antiwork movement? Unions, higher base wages, income stability and protections? Without tipped wages, your income becomes dependent on the number of hours you put in and not how lucky you get with your tables (which makes it more stable), you're incentivized to pick up the slack for your coworkers if they're struggling or overwhelmed, and the consumer can more accurately gage how much their dinner will cost them.

Realistically, servers should be paid a base wage alongside a union-negotiated quarterly profit sharing that is outlined very carefully in a contract.

10

u/Abbaddonhope Jan 15 '22

Yeah treating your workers like their people decreases stock value

12

u/Cerael Jan 15 '22

Cmon lad chin up, that’s what this whole movement is about.

2

u/marker_dinova Jan 15 '22

It goes much further than that. Sometimes we talk about “investors” like a round table of Illuminati shrouded in shadows. But the reality is that if we own 401Ks, IRAs, any index fund, or even some Insurance products, we are have a seat at that round table. If we don’t see that graph pointing upwards for a few quarters/years, we’re calling up our financial advisers. Sometimes it’s even automated. Our entire economy is based on forcing every business to grow continually. When they can’t do it organically they’ll do it any way possible: reduce quality and/or screw their employees. It’s unsustainable because infinite growth doesn’t exist.

1

u/NumerousHelicopter6 Jan 15 '22

🤣🤣🤣 decrease the stock value.....as if all restaurants are corporate

It wouldn't decrease profits it would most likely increase them. Think about it if you force the restaurant to pay $20 an hour and the restaurant averages forty $12 burgers an hour, they do this with two servers both with 4 table sections and they were paying them $4 per hour. So that's an increase of $16 per hour X 2 = $32. Now that the owner has to come up with an additional $32 an hour just to maintain, do you think he adds a dollar to the burger, or do you think he only marks up the exact amount to cover the expense? We both know what happens here whether we agree with it or not.

4

u/machen2307 Jan 15 '22

Lol big olive garden would like to have a word

2

u/[deleted] Jan 15 '22

[deleted]

1

u/NumerousHelicopter6 Jan 15 '22

Again this isn't a 1 restaurant thing if the government says they all have to pay it makes it much easier for them all to add a buck.

What makes you think restaurants don't raise prices whenever needed? Have you ordered chicken wings in the last 6 months?

The mistake most restaurants make when they need to increase profits is cutting. They cut down on staff and they also cut down on the quality of the product. This almost always ends up in a shitty restaurant.

1

u/[deleted] Jan 15 '22

[deleted]

1

u/NumerousHelicopter6 Jan 15 '22

If it were that easy for restaurants to just "increase profit" what in the world makes you think they wouldn't already be doing it?

This is what I was referring to

1

u/[deleted] Jan 16 '22

[deleted]

1

u/NumerousHelicopter6 Jan 16 '22

Nope, wrong again. You are an idiot.

First it's not "every single one of their employees" it's actually less than half.

What I said was in response to another post and I explained the math behind it.

Last I have the critical thinking skills to discuss this, you do not. I have been in this business a long time. You have likely been a moron since birth. Go cry to your comrades.

1

u/[deleted] Jan 16 '22

[removed] — view removed comment

1

u/AutoModerator Jan 16 '22

We'd appreciate it if you didn't use ableist slurs.

I am a bot, and this action was performed automatically. Please contact the moderators of this subreddit if you have any questions or concerns.

→ More replies (0)

1

u/Abbaddonhope Jan 15 '22

It’s more likely he gets rid of a server then slowly lose money over time. Marking up the food would make people less likely to eat there

1

u/NumerousHelicopter6 Jan 15 '22

It would be both, remember it's not just one restaurant that would be forced to pay, they all would have to. You could make the argument that some would decrease the portion size to make up the difference. In some cases that wouldn't be a bad thing.

1

u/Abbaddonhope Jan 15 '22

Yeah. So I consider most restaurants portions disproportionate in comparison to the price

1

u/[deleted] Jan 15 '22 edited Jan 19 '22

[deleted]

2

u/vaguecentaur Jan 15 '22

Come on. Just think about your own figures for a minute. 0.5 million restaurant is not serving a population base of 330~million. Especially of you've ever been to a small town. Virtually every town over 1000 has one small diner/restaurant not counting the subway or McDonald's that's also in the same town.

1

u/[deleted] Jan 15 '22 edited Jan 19 '22

[deleted]

1

u/vaguecentaur Jan 15 '22

Huh, well turns out I'm wrong on this one. To be honest I did no actual math just seemed like 500, 000 seemed really low. And then I estimated based on my own anecdotal experiences. After reading your source I have to say you are right on this one. Still sounds low though. I suppose, since those stats are from 2018 the numbers are even lower now.

1

u/inversewd2 Jan 16 '22

It would mean the CEO can't buy his third yacht this year