He highlighted the fact that dining costs have outweighed groceries, and that 50% of U.S. states had increased their minimum wages, further reducing Red Lobster’s profit margin.
If you can’t survive unless you’re allowed to pay starvation level wages then the time for your business has come and gone.
Reading that quote in isolation from the rest of the article sounds like, “and this didn’t help the situation”, not “if it hands been for these higher wages, we would have been totally fine.”
Let’s face it, if business is hard, any increased expense is going to hurt (and is going to be mentioned in your bankruptcy filing), even if it’s insignificant in isolation.
If you can’t survive unless you’re allowed to pay starvation level wages then the time for your business has come and gone.
Reading that quote in isolation from the rest of the article sounds like, “and this didn’t help the situation”, not “if it hands been for these higher wages, we would have been totally fine.”
Let’s face it, if business is hard, any increased expense is going to hurt (and is going to be mentioned in your bankruptcy filing), even if it’s insignificant in isolation.