> Panera Bread is poised to get a boost from a bizarre clause in the fast-food minimum wage law that exempts "chains that bake bread and sell it as a standalone item
Expect to see lots more franchises offering standalone baked bread...
> Panera Bread is poised to get a boost from a bizarre clause in the fast-food minimum wage law that exempts "chains that bake bread and sell it as a standalone item
Expect to see lots more franchises offering standalone baked bread...
How is a new bakery supposed to compete if the old bakeries have a competitive advantage due to being grandfathered out of regulation that raises their costs?
How will the old bakery keep its employees if the new bakery pays more ?
https://www.theguardian.com/world/2020/oct/01/irish-court-ru...
I'm actually shocked that Subway bread is ~10% sugar. Because it's not like it tastes sweet. It just tastes like bread. Not great bread, don't get me wrong. But I would have thought that a 10-to-1 flour-to-sugar ratio would be very, very noticeably sweet. But I don't bake bread so I guess I just don't know these things.
If that's all it takes to avoid paying minimum wage?
"We sell exactly one loaf of baked bread per day. And it's a micro loaf. So one person per day gets a mini muffin sized loaf. Oh, weird! No we can ignore the law."
I absolutely love this. But of course I believe any minimum wage policies are terrible.
Any? You barely have to peruse a history book to see countless examples of exploitative labor processes.
https://www.forbes.com/sites/carriesheffield/2014/04/29/on-t...
However the point is exactly why it is bad policy. At any minimum wage, the government has structurally unemployed anyone that can't provide value at or greater than the minimum wage. It's basic economics.