_wp3r

Well this comment thread seals the deal for HN for me. Enjoy the hatred and bigotry of your new progressive religion.

They might start with cutting the opinion section, and go from their.

This could probably have one of the single greatest global impacts on mental health ever take by anyone/anything/any-organization ever. If users respond in the negative.

Even a 5% reduction in social media exposure could have the potential to move the global suicide rate significantly.

Sorry for the late reply.

My 100% increase converts to 15-30% at the price point. In the same way you are seeing that 30-40 at the grocery. Restaurants generally run %20-40 food cost.

I am not at US$20(yours converted) probably closer to US$14-15 on average, but midgrade COL is 800-100 2bed/1200-1500 3bed/1500-2100 4bed in my area renting, and probably 20%-25% less buying. Staff is 98% under 23.

Key detail seems to be that shared accommodation is very undesirable for my staff, at least those few that live outside the family home.

The timelines. These increases have been in place for months, and eventually restaurants have to increase prices. Especially around proteins and disposables (ie all take out stuff) right now. EX: Chicken wings and pork butts are probably being sold at a loss by most restaurants right now, unless they have tripled prices.

Secondly, restaurants usually purchase some portion of product as prepared or partially prepared which is being hit by the labor shortage for preparation cost in the production facilities.

Third, grocery increase are less noticeable due to the price point. Ten cents on a dollar is less noticeable than 1 dollar on 10 dollars.

I am not against supporting those in need, but blanket unmetered injection has consequences. The IRS is capable of disbursing based on income, primarily because it is reported digitally and manually monthly via payroll taxes, and those with no or reduced reported income would be default to fund.

Beyond that I am not sure the result will be worth the cost, especially for those that are the most price sensitive.

The detail that gets overlooked is that I have had only 1 application from someone over the age of 18 in the last 90 days. While highschoolers are awesome they only work 10-20 hrs a week.

To caveat, I am in a highly desirable submarket for entry level staff, with near 75% 1 year retention, and above market pay for my area, especially for part time staff.

To provide further context, I had a staff member quit a couple weeks ago, because I do not pay a "livable wage", while this staff member only worked 2 days a week based on their availability. I am not sure how to address this kind of issue.

It is not absurd. There was little to no conversation around the impact of trillions of dollars of stimulus injection last year or the further $4 trillion injection of the current infrastructure bill. Injecting nearly the annual US GDP in 18 months has consequences, and almost none of them are positive. Especially when they are not targeted.

Short answer is no. That tool is not as effective as ecos think. There are lots of global examples of its ineffectiveness. Borrowing has little real world impact on market forces, because most market activities are not debt driven, primarily growth is debt driven.

I own restaurants. I have seen 100%+ price increases across 80% of my supply chain in the last 6 months. But, you are right I am sure it is just the media not my bills.

Just a heads up you are double double shadow banned, even though the troll was the one in violation. Only down points count for you now. Keep up the fight. No sarcasm.

Made me laugh out loud man. respect

More accurately an entry level labor shortage.