Logan's Roadhouse files for bankruptcy; 18 restaurants closing

I wonder where that 'bug' comes from. Perhaps all the bad economic news and the violent and volatile political situation globally has you worried at a fundamental level?

 

I think Labor would "vote" with their feet, with full employment of resources in the market for labor or unemployment compensation that clears our poverty guidelines simply for being unemployed on an at-will basis, anyway.

- - - Updated - - -

sounds like wage problem to me. true capitalists don't let wages interfere with their good products and services. only the finest should always do.

- - - Updated - - -

so? the right won't be able to whine about the poor not paying any income taxes, at fifteen dollars an hour.

 

Could be but I couldn't say for sure. Sometimes it is just a craze like beanie babies.

- - - Updated - - -

Yes, the problem is expectation of high wages just starting out and doing nothing useful. The current generation have no clue about paying their dues.

 

Prices will rapidly rise accordingly.

 

Only ate at Logan's once or twice. They were next to the hotel I was staying so went there. Steaks were OK, but not great. But for the price, fine. They did have good good bar with plenty of TV's to watch sports, which was an added bonus as far as I was concerned. Over all, maybe 3 starts.
Anyway, hate to see business's fail & more people out of work.

 

Hilarious.

 

prices already rose, the min wage did not keep up, that is why the problems we now see

 

Through inflation. Of course, wages have gone up as well. But this desired jump to a much higher minimum wage will only cause prices (and other wages and salaries) to go that much higher in response. It will, in effect, devalue the dollar.

 

I hate to rain on your parade but there is your evidence the BLS made a mistake?

Logan's has been a struggling restaurant chain for many years now. It's in reorganization. Some stores were closed, some were not.

 

I agree, we should of made slow increases, but republicans refused to do that, now it will need a bigger increase which is more painful

let's remember this in the future and make small increase year to year

we have to maintain balance... the min wage needs to be tied to Congresses cost of living increases

.

 

Should have. FFS.

 

the right only has a problem when the poor ask for more money.

 

And it has done no good.

 

only the right is that special, in their pleading. More efficient labor may not be motivated at our current minimum wage. Now do you understand?

 

No one will understand the nonsense you spew. You don't seem to have a clue about the current generation.

 

just so you know, you need more than fallacy to claim i am the one selling, "snake oil".

 

Do you sit around the dinner table and try to convince your family that the beef roast isn't really beef?

 

The poster you responding to just might be one of them.

 

Maybe next time I will ask a question that calls for that sort of reply. Or maybe not. Like the time I said this and got what you said.

I will give you the joy of reading my actual comment again.

 

The government never should have got involved in wage or any form of price setting.

You know, when I started working for the Phone company, by union bargaining I started a tad higher than the lowest possible wage. I got paid more due to my electronics training.

But take heavy construction, my next job. Due to union rules, every one of us was a journeyman. The reason why is in that business, supposedly all journeymen had put in a full apprentice as a carpenter first.

But pile driving has as much to do with carpenters as flying a 747 has to do with picking apples.

So I lied about my entry age and took some test at the Union offices and was announced a full Journeyman.

Being paid full wages made no difference to me. I knew next to nothing about pile driving. I mentioned to my boss father I was way behind the level of the crew. He gave me sage advice that worked out well. That and I was a naturally hard worker that worked smart. So I managed.

I found when I owned the machine shop that it all depended on the worker if wages mattered all that much.

As a shop owner, my priority was I billed to companies but not based on wages I paid. I had to get work for the men or none of us got paid. If I bid too much, we lost the job. If I got the job, my task was to make certain the right shop worker did the job. Handing a complex job to Greg the foreman I selected to run day to day operations was a money maker. Giving that job to Jim was a money loser. Greg and I had to know who did what to make money. We had Jim often on prep work. He could use the automatic saw to cut metal to proper length. He could so some lathe work. I had a talk with Jim one time and had to explain to him why he was not getting a raise.

The thing is though, all of my men got way over minimum wage.

So the minimum wage law meant nothing at my business.

Not one of the men I hired would have worked for me at minimum wage.

Let me show you.

In 1968 I paid Jim around $3,00 per hour from the start. Greg was at $4.50

By the way, you could not count on any of the shop to help me make up for losses of a job I underbid.

Back in those days, in the local newspapers, companies advertised for workers showing expected pay. I had to compete is the plain truth.

Also when Greg made his wages, I believe in pile driving had I taken a job then my pay would have amounted to about $1.50 more per hour.

 

Thank you.

 

Olive Garden, Papa John's, Longhorn, McDonald's... Where's the story about those closing doors?
If the restaurant industry was taking a hit due to shrinking income, it would be felt across the board.

 

the min wage is the lowest wage possible to pay an employee, it makes me sick to think so many republicans want to pay the working class less then the min wage

 

Haha....all this talk about restaurants and wages and nobody mentions servers get paid $2.13 an hour.

- - - Updated - - -

Obama's been prez for 8 years. What have democrats done to increase minimum wage?

- - - Updated - - -

Servers make $2.13/hr. Much less than minimum wage.

 

Republicans Control Congress, not much we can do.... republicans in congress must hate the working class

"GOP blocks minimum-wage hike"

http://thehill.com/blogs/floor-action/senate/204802-gop-blocks-1010-minimum-wage

I think for the work this do nothing Congress has been doing, they should be paid the min wage...

.