@Typo-MAGAshiv the point Walsh glossed over and you don't seem to fully acknowledge, is that PE'S big picture play isn't to buy, nurture, and run long term, but to buy, strip mine, and Divest the zombie husk.

When they sell the land, they put it in a holding company, pocket most of the sale proceeds, and turn the restaurant company's asset into a permanent expense burden by making it a cash cow for the PE company through the holding company.

They don't "inject cash " but collateralize the land value and short term stock price bumps into debt held by the restaurant entity.

PE doesn't elevate the store level staff pays payscale to attract a better class of workers than the usual demographic of hard partners and illegal immigrants. Keeping that expense line as low as possible is part of the business model. Money concentrates UP, to the top few percent of the overall organization, meaning out of the restaurant entity and into the PE one

For their personal shortcomings, both FOH and BOH restaurant employees work their asses off, with little to no long term job security or wage growth prospects.

@Kloi

Fuck it took about 8 months of consistant $1-2/hr raises for my metal fab position to bring home what I was making serving tables.

7-9hr shifts serving tables would religiously toss $250 cash into my pocket, 4-5 days a week and that's in the Midwest at a ma and pop diner.

Even if you're making a 100k/year serving tables, it's still a dead end job. Management at restaurants typically make less than the servers unless they are also taking tables.

The $2.35/hr covered all my taxes. No insurance plan tho.

10/10 recommend any kid fresh out of high-school got take tables for a year or two. You do develop social skills while learning to mange multiple tasks at once. Plus the money is good.

www.youtube.com/watch?v=ur57IunS9To

Maybe where you live, but I'd be forced to tell high school kids otherwise while suggesting they become engineers, plumbers, auto mechanics, or some other specialized tradesman instead. Unless the delivery guy and waiters are selling drugs on the side, like the late Ronald Goldman, walking away with pockets full of cash like back in the day will be highly unlikely. If you eat out, or have delivery, whether from a fast food cafeteria, a sit down restaurant, a food truck, or even a food cart, wireless digital technologies and transaction provider point plans make it insanely more convenient for customers to pay electronically, than with cash. Even trucking companies provide their drivers with debit cards to pay for their services at corporate truck stops, it's insane.

Will waiters and delivery people today have higher gross, pre-tax, income over their managers under the present transaction scheme? Definitely, but the main selling point was the cash that went un-reported to the government. With digital transactions, workers take a hit on their net, after-tax, income combined with fuel costs it becomes an unappealing job option for newbs given the responsibilities of the job and limited demand for those skills in other fields. This means waiting tables and delivering food is no longer a viable entry-level job even for people who'd otherwise be classed as social welfare dependents, which means single unwed mothers and their brood of bastards will otherwise remain non-participant in the economy draining the treasury coffers unless they make dramatic choices, like join the military.