I think it is a sad fact that a fair wage in today's environment could drive small dining establishments out of business, especially those without a liquor license, which I suspect but do not know is the majority.
Maybe in the very short run. Then the market would equilibrate.
Real estate rents would probably drop. Restaurant prices would increase. Restaurants would likely reduce selection in their menus.
It would become a lot more like the restaurant market in Europe, which I think could work well.
I think it is a sad fact that a fair wage in today's environment could drive small dining establishments out of business, especially those without a liquor license, which I suspect but do not know is the majority.
Maybe in the very short run. Then the market would equilibrate.
Real estate rents would probably drop. Restaurant prices would increase. Restaurants would likely reduce selection in their menus.
It would become a lot more like the restaurant market in Europe, which I think could work well.