heck maybe by then they can just automate away the jobs too
heck maybe by then they can just automate away the jobs too
No. What I am saying is that if you are only earning $5,000 per year, you should go out of business, because clearly, that person is a horrible business person. Maybe he is not doing any marketing. Maybe horrible food with substandard ingredients. Maybe he never heard of the maxim "location, location, location." Maybe he never cleans the restaurant and it is a filthy mess and has a filthy bathroom (I've been to restaurants like this, and immediately walk out - if they can't clean the bathroom, what does their kitchen look like?). Maybe he spending extravagantly on stuff that doesn't make a difference. Maybe he has too many employees.
I used to live in San Francisco, which is a real foodie town. People go out to the restaurants all the time - plenty of people, and lots and lots of small restaurants. And there were restaurants opening and closing all the time, and there were restaurants that have been open for 100 years.
The restaurant business is one of the most unforgiving industries that one can get into. But, there is no reason at all to go out of business, unless one needs to go out of business because they are a shitty business person, or if tastes and mores have changed, whatever.
Only chains and large corporations /s