Red Robin is Cutting 570 Jobs. Can You Guess Why?

[Mr.Blonde]

Who is easier to replace a good CEO or a low to no skilled workers?


Right. Not a full time main job.

Bet you could get lots of people willing to do the job for half a million bucks and get rid of the guy making multi-millions.

bet you most of those would bankrupt the company along the way also.

like trump bankrupted his and stole from his vendors?

He brought the companies back. Unlike most of the people in Washington who have done nothing their entire life.

really? he brought his casinos back? or he ran them into the ground.

every time he filed bankruptcy, he screwed his vendors. i personally know someone he owed $250,000 to. not getting that money essentially put his small business OUT of business.

so yeah, Donald did ok for himself each time. but we knew here in NY that the guy was a con artist.

Alantic City is a shit hole. No one can fault Trump for that.

Debtors getting screwed in bankruptcy is nothing new.

If Trump is a con artist then he is one of the least bad.

 

[Harpy Eagle]

Red Robin is eliminating bussers at 570 of its locations due to states' hikes in the minimum wage.

"Despite what many people, including policymakers, would argue, this is an altogether painfully predictable response to increased labor costs. It’s basic economics. The “first law of demand” teaches us that when the price of a good or service increases, people will tend to buy fewer units. Conversely, when the price of a good or service decreases, people will tend to buy more. This idea is usually presented no later than chapter 3 in any econ 101 textbook.

"Labor is no exception to this rule. If the cost of employing workers increases, we’d expect companies to hire fewer workers and even to let some go ...

"While we may not like the idea of someone trying to live on $5 or even $7 an hour, we can likely all agree that earning a small wage is better than earning nothing at all due to unemployment. It’s easy to vilify restaurants and other companies when they respond to higher costs with layoffs. But it’s important to place the blame where it belongs. In this case, it’s bad policy—not incompetence, not corporate greed—that’s causing people to lose their jobs."

Red Robin is Cutting 570 Jobs. Can You Guess Why?

Has to be fake news. Progs swore this doesn't happen.

Even though I am against artificial minimum wages, this is fake news. Red Robin said nothing about minimum wage leading to this and they are also cutting corporate HQ staff, which would have nothing to do with minimum wage.


Sent from my iPhone using USMessageBoard.com

They don't have to. This is what happens when govt thinks it knows whats best for a company or business. Govt fails and it always screws the people.

Yet you were cheering the govt putting tariffs on products. You are not a real consistent person.

 

[TNHarley]

My local McDonald's has gone from 12 employees and one manager on staff for mornings down to 6... three cooks and three counter and drive up personnel and one manager... they added two new positions but they are order kiosks...6 hard working college students lost their job due to ridiculous minimum wage hikes... Once again a bunch of idiot do gooders doing great harm to make themselves feel good...hey libs!!!!! stop trying to help people you don't know what the hell you are doing!!!!

and that's just it. minimum wage was never meant to put people above poverty - more to keep kids from getting screwed. now people just got lazy and they want low skill jobs to pay more so they don't have to go learn something.

I agree completely fast food jobs historically have been for young people...never intended for heads of family...except for the managers position...same for the rear of super markets...the term is stock boy not stock man...LOL

Fast food is open 24/7 . How do you have teens working that schedule ? What you see is a lot of older people or people as 2nd jobs.

18 & 19 year olds can't work late?

When i ran a pizza hut, we couldnt keep school students past 10 PM unless on the weekends. Cant remember if that was state law or company policy though.

 

[ColonelAngus]

My local McDonald's has gone from 12 employees and one manager on staff for mornings down to 6... three cooks and three counter and drive up personnel and one manager... they added two new positions but they are order kiosks...6 hard working college students lost their job due to ridiculous minimum wage hikes... Once again a bunch of idiot do gooders doing great harm to make themselves feel good...hey libs!!!!! stop trying to help people you don't know what the hell you are doing!!!!

Automation is going to replace between 28-35% of jobs in the next 10 or so years. You can rail on about it being a minimum wage hike all you want. The truth is you can not stop automaton.

Correct, you cannot stop it, but you can slow it down.

When businesses have to make a decision, it's based on long-term profitability. Automation is expensive, but the question is it more or less expensive than human labor?

When a company finds that humans are more expensive than the investment and maintenance of machines, they buy the machines.

Then there is the employment of those who design, build, install, and maintain the automation....that is new employment that seems lost on trying to save the buggy whip manufacturers of the 21st century.

People are PAID their value. The talent of flipping burgers is not very marketable because ALMOST anyone above room temperature can flip a burger.

Brain surgeons make alot of money because not everyone can perform brain surgery.

it's supply and demand...an economic absolute.

 

[Harpy Eagle]

Alantic City is a shit hole. No one can fault Trump for that.
.

Alantic City is a shit hole and it is not Trump's fault. But what was his fault was being the last person on the planet to realize it and to be building a giant new casino when everyone else had given up and stopped building there. Trump thought he knew more than everyone else (A common theme with him) and built his abomination against all expert recommendations.

The results were expected by everyone but Trump.

 

[TNHarley]

Crap!

If Red Robin closes up where am I going to be able to buy a burger?

half those places dont sell burgers lol
But it was funny regardless

 

[Soggy in NOLA]

My local McDonald's has gone from 12 employees and one manager on staff for mornings down to 6... three cooks and three counter and drive up personnel and one manager... they added two new positions but they are order kiosks...6 hard working college students lost their job due to ridiculous minimum wage hikes... Once again a bunch of idiot do gooders doing great harm to make themselves feel good...hey libs!!!!! stop trying to help people you don't know what the hell you are doing!!!!

and that's just it. minimum wage was never meant to put people above poverty - more to keep kids from getting screwed. now people just got lazy and they want low skill jobs to pay more so they don't have to go learn something.

I agree completely fast food jobs historically have been for young people...never intended for heads of family...except for the managers position...same for the rear of super markets...the term is stock boy not stock man...LOL

Fast food is open 24/7 . How do you have teens working that schedule ? What you see is a lot of older people or people as 2nd jobs.

18 & 19 year olds can't work late?

When i ran a pizza hut, we couldnt keep school students past 10 PM unless on the weekends. Cant remember if that was state law or company policy though.

Well, I assume that means students still in high school, which I can understand; probably a state law.

 

[jillian]

Bet you could get lots of people willing to do the job for half a million bucks and get rid of the guy making multi-millions.

bet you most of those would bankrupt the company along the way also.

like trump bankrupted his and stole from his vendors?

He brought the companies back. Unlike most of the people in Washington who have done nothing their entire life.

really? he brought his casinos back? or he ran them into the ground.

every time he filed bankruptcy, he screwed his vendors. i personally know someone he owed $250,000 to. not getting that money essentially put his small business OUT of business.

so yeah, Donald did ok for himself each time. but we knew here in NY that the guy was a con artist.

Alantic City is a shit hole. No one can fault Trump for that.

Debtors getting screwed in bankruptcy is nothing new.

If Trump is a con artist then he is one of the least bad.

this guy wasn't in AC. it was in NYC... and yes, i can fault Donald for screwing his vendors. he always screwed his vendors. that isn't something to be respected. i know too many people running successful businesses who DON'T screw their people to think that's a necessary or desirable thing in a businessman. and for the record Donald NEVER had a good rep as a businessman. in NY he was a punchline.

the only thing he ever did well was the central park ice skating rink.

 

[Soggy in NOLA]

Crap!

If Red Robin closes up where am I going to be able to buy a burger?

half those places dont sell burgers lol
But it was funny regardless

Five Guys is good, so is Atomic Burger. But here, there are two local joints, Snug Harbor & Port of Call, that are fantastic.

 

[TNHarley]

and that's just it. minimum wage was never meant to put people above poverty - more to keep kids from getting screwed. now people just got lazy and they want low skill jobs to pay more so they don't have to go learn something.

I agree completely fast food jobs historically have been for young people...never intended for heads of family...except for the managers position...same for the rear of super markets...the term is stock boy not stock man...LOL

Fast food is open 24/7 . How do you have teens working that schedule ? What you see is a lot of older people or people as 2nd jobs.

18 & 19 year olds can't work late?

When i ran a pizza hut, we couldnt keep school students past 10 PM unless on the weekends. Cant remember if that was state law or company policy though.

Well, I assume that means students still in high school, which I can understand; probably a state law.

oh yea. It believe it changed after 18. They then had a choice or something. IDK that was over 10 years ago

 

[TNHarley]

Crap!

If Red Robin closes up where am I going to be able to buy a burger?

half those places dont sell burgers lol
But it was funny regardless

Five Guys is good, so is Atomic Burger. But here, there are two local joints, Snug Harbor & Port of Call, that are fantastic.

Five guys is ok. I ate there once.
Never heard of atomic burger. I would like to try in and out one day.

 

[jillian]

Gee, you mean I was right months ago when I predicted this outcome? <yawn>

Anyone notice some restaurants using ipad menus with nice pictures and descriptions of the food items? Anyone care to guess what is next?

Anyone with even a TEENT TINY BIT of business acumen knew this is what was going to happen.

If you have 3 people earning $10/hr it's a $30/hr crew.
If you FORCE minimum wage to be $15/hr, that 3 man crew is now $45/hr.
.
.
.
.
.
.
OR......YOU CAN FIRE ONE OF THE WORKERS AND MAKE THE REMAINING 2 WORKERS DO THE WORK OF 3 PEOPLE FOR THIER $15/hr, and the 3rd guy is on the unemployment line...and the labor costs stay the same.

This is the reality of how business opeates. They are not going to take a 50% surge in labor costs without countering it on their financials.

Why wouldn’t you make one guy do the job of 3 if you could make it work ? That means more profit . You think companies keep guys around to be nice .

Tht's how you can run your business....that's not how ANY American B-school teaches its students to run a business.....from Harvard to STRAYER COLLEGE ONLINE and every single school in between.

which is why we have wage and hour laws. to put limits on that.

because yes that is how people run businesses .

 

[Soggy in NOLA]

bet you most of those would bankrupt the company along the way also.

like trump bankrupted his and stole from his vendors?

He brought the companies back. Unlike most of the people in Washington who have done nothing their entire life.

really? he brought his casinos back? or he ran them into the ground.

every time he filed bankruptcy, he screwed his vendors. i personally know someone he owed $250,000 to. not getting that money essentially put his small business OUT of business.

so yeah, Donald did ok for himself each time. but we knew here in NY that the guy was a con artist.

Alantic City is a shit hole. No one can fault Trump for that.

Debtors getting screwed in bankruptcy is nothing new.

If Trump is a con artist then he is one of the least bad.

this guy wasn't in AC. it was in NYC... and yes, i can fault Donald for screwing his vendors. he always screwed his vendors. that isn't something to be respected. i know too many people running successful businesses who DON'T screw their people to think that's a necessary or desirable thing in a businessman. and for the record Donald NEVER had a good rep as a businessman. in NY he was a punchline.

the only thing he ever did well was the central park ice skating rink.

If you were really a lawyer you'd know that people get nicked in bankruptcy proceedings every day. Furthermore, Trump has never gone bankrupt.

 

[BluesLegend]

Liberals don't give a shit about people losing their jobs due to liberal policies. If you think you can shame a liberal or give them pause you are sadly mistaken.

 

[Siete]

well then - RR can give everyone a 1000$ bonus and keep the pay increase status quo since Trump shoved $1.5 Trillion dollars up taxpayers asses.

 

[Mr.Blonde]

bet you most of those would bankrupt the company along the way also.

like trump bankrupted his and stole from his vendors?

He brought the companies back. Unlike most of the people in Washington who have done nothing their entire life.

really? he brought his casinos back? or he ran them into the ground.

every time he filed bankruptcy, he screwed his vendors. i personally know someone he owed $250,000 to. not getting that money essentially put his small business OUT of business.

so yeah, Donald did ok for himself each time. but we knew here in NY that the guy was a con artist.

Alantic City is a shit hole. No one can fault Trump for that.

Debtors getting screwed in bankruptcy is nothing new.

If Trump is a con artist then he is one of the least bad.

this guy wasn't in AC. it was in NYC... and yes, i can fault Donald for screwing his vendors. he always screwed his vendors. that isn't something to be respected. i know too many people running successful businesses who DON'T screw their people to think that's a necessary or desirable thing in a businessman. and for the record Donald NEVER had a good rep as a businessman. in NY he was a punchline.

the only thing he ever did well was the central park ice skating rink.

He may not have had a good rep, but people still wanted to do business with him.

Who is the bigger fool: the fool or the fool that follows?

 

[Ray From Cleveland]

If they can do without the bussers, why did those jobs exist in the first place?

Because they were needed so the waitresses could concentrate on serving food. It helped with quicker service. Without bus boys, waitresses will be forced to clean tables as well as wait on them. it will make service much slower.

 

[hazlnut]

Red Robin is eliminating bussers at 570 of its locations due to states' hikes in the minimum wage.

"Despite what many people, including policymakers, would argue, this is an altogether painfully predictable response to increased labor costs. It’s basic economics. The “first law of demand” teaches us that when the price of a good or service increases, people will tend to buy fewer units. Conversely, when the price of a good or service decreases, people will tend to buy more. This idea is usually presented no later than chapter 3 in any econ 101 textbook.

"Labor is no exception to this rule. If the cost of employing workers increases, we’d expect companies to hire fewer workers and even to let some go ...

"While we may not like the idea of someone trying to live on $5 or even $7 an hour, we can likely all agree that earning a small wage is better than earning nothing at all due to unemployment. It’s easy to vilify restaurants and other companies when they respond to higher costs with layoffs. But it’s important to place the blame where it belongs. In this case, it’s bad policy—not incompetence, not corporate greed—that’s causing people to lose their jobs."

Red Robin is Cutting 570 Jobs. Can You Guess Why?

Took me all of 5 minutes to find out what a crock of shit this.

Am I really that much smarter than you?

Google Red Robin earnings, quarterlies -- find out they dropped 20% in Q3, due to market realities all similar restaurants are dealing with.

Red Robin takes a hit as burger lovers move to fast-food chains

So if some rep wants to blame employees for wanting a living wage, fuck off. Labor costs are not going to offset failure to adjust business model to market competition. They're misrepresenting their own failure at adjusting their business model to market realities.

Competition from fast-food burger chains was a key reason that Red Robin's stock plummeted more than 20% in after-market trading Monday after a poor earnings report. The casual dining chain's third-quarter earnings failed to meet analysts' expectations.

Red Robin is suffering along with the rest of the so-called casual-dining segment, which is losing business to cheaper fast-food chains' expanded menu offerings.

Those menus now include more upscale items. McDonald's, for instance, has its Signature Crafted Recipe burgers and sandwiches. Plus, with unemployment decreasing nationwide, some restaurants are having trouble finding enough workers.

On Monday, Red Robin CEO Denny Marie Post referenced "category volatility" and increasing labor costs.

At least the CEO had the decency to take a salary cut -- still make 2 million.

 

[NYcarbineer]

Gee, you mean I was right months ago when I predicted this outcome? <yawn>

Anyone notice some restaurants using ipad menus with nice pictures and descriptions of the food items? Anyone care to guess what is next?

Anyone with even a TEENY TINY BIT of business acumen knew this is what was going to happen.

If you have 3 people earning $10/hr it's a $30/hr crew.
If you FORCE minimum wage to be $15/hr, that 3 man crew is now $45/hr.
.
.
.
.
.
.
OR......YOU CAN FIRE ONE OF THE WORKERS AND MAKE THE REMAINING 2 WORKERS DO THE WORK OF 3 PEOPLE FOR THIER $15/hr, and the 3rd guy is on the unemployment line...and the labor costs stay the same.

This is the reality of how business opeates. They are not going to take a 50% surge in labor costs without countering it on their financials.

Red Robin is not getting rid of bus boys because of $15/hr.

 

[Soggy in NOLA]

Crap!

If Red Robin closes up where am I going to be able to buy a burger?

half those places dont sell burgers lol
But it was funny regardless

Five Guys is good, so is Atomic Burger. But here, there are two local joints, Snug Harbor & Port of Call, that are fantastic.

Five guys is ok. I ate there once.
Never heard of atomic burger. I would like to try in and out one day.

Googled it, apparently there is only one Atomic Burger; must be a local shop.