View Single Post
Old 03-24-2015, 02:20 PM  
Relentless
www.EngineFood.com
 
Relentless's Avatar
 
Industry Role:
Join Date: Aug 2006
Posts: 5,697
Nobody has ever closed a profitable business on the chance it may become less profitable in the future. Restaurants close all the time, usually from mismanagement or simply because the local consumer population got tired of them. Whoever wrote that article is either being sarcastic, or really wanted idiots to click it, or is absolutely batshit clueless.

The much more interesting thing to watch will be what happens to the Walmart stores in the area. Do they close? Their entire business model is based on underpaying labor and subsidizing that strategy with welfare payments to their employees from government entities. With a $15 min wage and obamacare in place those employees wont qualify for those subsidies and the burden of actually paying their own employees will shift back to Walmart. That may make their business model break - because nobody is going to Walmart in search of a charming shopping experience.
__________________


Website Secure | Engine Food
ICQ# 266-942-896
Relentless is offline   Share thread on Digg Share thread on Twitter Share thread on Reddit Share thread on Facebook Reply With Quote