It's a good message but I kind of doubt that's actually "profits after all expenses." Pizza does tend to have higher margins, but in general food service is not a high profit business unless it's a massive chain. Even in collectively owned restaurants I have never seen take-home anywhere close to that. On the other hand, it's also Ohio, so maybe the economics are extra wonky.
Ahh yes make the owner of a small business look like a capitalist tyrant when theyre trying to pay for stock, business tax, gas, electric, rent/mortgage/loans, building and business insurance, wages, equipment, repairs not to mention the mental toll and personal liabilities and personal expenses. The risk of opening a business means you get to make more of the money than the workers who just turn up to work and go home and only think of their personal expenses.
Giving employees a bonus that is calculated as a percentage of the company's profits is a good way to incentivize employees to ensure the company is successful.
I mean, someone has to carry the liability for the business and paying workers even if business is slow.
And especially at a pizza parlor where the actual owner is there to do this, don't assume that this owner is a bougie prick who lives two states over while people earn their money for them. This would likely be an owner operator, working their ass off.
Exactly. I worked at pizza shops through college. One had sold out BUT the original owner still owed the two shops where he started. Vince was rich as shit. I've delivered pizzas to his poker nights. $100 tip plus $100 for the people back at the shop. He would still come in and fix the oven or anything else that was wrong with operations. Plumbing, refrigerator, you name it. Dude was legit a good person and paid us more than the competitors around. Great college job for sure.
Yeah theyd still make 78 dollars an hour, but then they need to pay for food products, delivery charges of said food products, eletric and what the ovens run on and all the other costs. Thatll take a chunk out of their wages.
I want to know just how low quality of ingredients that place is using. Same scenario about 20 years ago in Alberta would have netted my co-workers and myself about $22/hr. And we all know that ingredient costs and building rent have only gone up in that time.
And maybe if you had half a brain you would have based your insult off of an Albertan city and not a Saskatchewan city. As a population base of a Million in Calgary is plenty large enough to keep any pizza place busy all day.
sakm
It's a good message but I kind of doubt that's actually "profits after all expenses." Pizza does tend to have higher margins, but in general food service is not a high profit business unless it's a massive chain. Even in collectively owned restaurants I have never seen take-home anywhere close to that.
On the other hand, it's also Ohio, so maybe the economics are extra wonky.
ucandcantunc
Except the owner had the capital and took the risk to open the business...
rivitingone
I swear social media would be so much different if everyone had even a basic understanding of economics.
BaBaDuuk
Ahh yes make the owner of a small business look like a capitalist tyrant when theyre trying to pay for stock, business tax, gas, electric, rent/mortgage/loans, building and business insurance, wages, equipment, repairs not to mention the mental toll and personal liabilities and personal expenses. The risk of opening a business means you get to make more of the money than the workers who just turn up to work and go home and only think of their personal expenses.
hergurh
Boss makes a dollar, I make a nickel, then I cry and spend it on George Dickel
G081
Wait, isn’t the owner the reason why they have a job?
ctriis87
Giving employees a bonus that is calculated as a percentage of the company's profits is a good way to incentivize employees to ensure the company is successful.
CouldntCakeLess
No free pizza from management?
idontknowyoufromadam
Whilst the post and this link title both claim that the day's "profit" was shared, in the linked article it is clear that it was that day's total sales ($6,300) and tips ($1,200) that was divided over the 96 hours staff worked that day. https://people.com/human-interest/ohio-pizzeria-owner-gives-full-days-profits-to-employees-to-show-appreciation/
TalkingSnake
I mean, someone has to carry the liability for the business and paying workers even if business is slow.
And especially at a pizza parlor where the actual owner is there to do this, don't assume that this owner is a bougie prick who lives two states over while people earn their money for them. This would likely be an owner operator, working their ass off.
Hate Papa John not Mom and Pop.
TrippyTurtle69
Exactly. I worked at pizza shops through college. One had sold out BUT the original owner still owed the two shops where he started. Vince was rich as shit. I've delivered pizzas to his poker nights. $100 tip plus $100 for the people back at the shop. He would still come in and fix the oven or anything else that was wrong with operations. Plumbing, refrigerator, you name it. Dude was legit a good person and paid us more than the competitors around. Great college job for sure.
Ikwilstroopwaffels
This is why we need a worldwide left-wing workers' movement.
WholesomeAsFuck
100%
TrippyTurtle69
Sorry bro, the best the world can do is hyper nationalism.
itsameeeee
and it needs to be planned well, once succesful it will be infiltrated and tried to corrupt or derail
BallsLikeWatermelonsPeckerLikeAThimble
If you think the owner of a small business “does nothing,” i encourage you to open a small business.
G081
well said
SpaceHaggis
Yeah theyd still make 78 dollars an hour, but then they need to pay for food products, delivery charges of said food products, eletric and what the ovens run on and all the other costs.
Thatll take a chunk out of their wages.
Level21Magikarp
Profits is what the text says not revenues. Profit is already less expenses.
SpaceHaggis
I know. but without an owner, whos paying for all the revenue?
eppykaze
I want to know just how low quality of ingredients that place is using. Same scenario about 20 years ago in Alberta would have netted my co-workers and myself about $22/hr. And we all know that ingredient costs and building rent have only gone up in that time.
Ikwilstroopwaffels
Maybe they're in a place more densely populated than Moose Lick, Alberta eh?
eppykaze
And maybe if you had half a brain you would have based your insult off of an Albertan city and not a Saskatchewan city. As a population base of a Million in Calgary is plenty large enough to keep any pizza place busy all day.
Ikwilstroopwaffels
Ok bruh. You didnt SAY Calgary. You said Alberta.