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Brian_Riedl's profile
Brian Riedl 🧀
Brian Riedl 🧀
Brian Riedl  🧀
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@Brian_Riedl

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Brian Riedl  🧀Verified account

@Brian_Riedl

Sr. Fellow @ManhattanInst. Past: Sen. Portman chief economist (2011-17), Fellow @Heritage (2001-11), budget/spending architect for 4 prez campaigns. Tweets mine

Washington DC (originally WI)
manhattan-institute.org/expert/brian-r…
Joined February 2013

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    Brian Riedl  🧀‏Verified account @Brian_Riedl May 18

    Brian Riedl  🧀 Retweeted David Schawel

    Good breakdown for those claiming that any business that cannot pay $15/hr is too incompetent to function. This restaurant pays a "living wage" and is barely surviving. And that is despite charging $14 per sandwich, which most restaurants cannot do outside NYC or San Francisco.https://twitter.com/DavidSchawel/status/1394680633943859205 …

    Brian Riedl  🧀 added,

    David Schawel @DavidSchawel
    How a New York City Restaurant Loses Money on a $14 Sandwich https://www.eater.com/2021/5/17/22434443/how-a-new-york-city-restaurant-loses-money-on-a-14-sandwich …
    10:04 AM - 18 May 2021
    • 42 Retweets
    • 173 Likes
    • ConsvInCali Stefan Honey Badger Jack Henderson Kim Adam Jarchow Matt Toyer LouC_2 Bob Golliver
    11 replies 42 retweets 173 likes
      1. GenericJR14‏ @GenericJr14 May 18
        Replying to @Brian_Riedl

        Selling at a loss be like..pic.twitter.com/44DgUSOyyf

        0 replies 0 retweets 0 likes
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      1. Joe Andelin‏ @josephandelin May 18
        Replying to @Brian_Riedl

        People who advocate for price controls on labor are often removed from reality and are usually not very clear thinkers. In believability weighted opinions, small businesses of all stripes deserve way more voice

        0 replies 0 retweets 5 likes
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      1. New conversation
      2. Ben‏ @BenJoGiu May 18
        Replying to @Brian_Riedl

        This restaurant is barely surviving, as the article makes clear, because of a once in a century pandemic that drastically cut profit margins by forcing the restaurant to change how it does business. Silly to suggest this is a minimum wage issue.

        1 reply 0 retweets 1 like
      3. Brian Riedl  🧀‏Verified account @Brian_Riedl May 18
        Replying to @BenJoGiu

        Their labor costs are the biggest expense ($7 per sandwich), and "Comparable restaurants typically operate at around 30 percent labor cost. Dirt Candy runs closer to 50 percent." That comes to an extra $2.80 per sandwich for a place that is losing 80c on it.pic.twitter.com/esJ08zEsEO

        1 reply 1 retweet 7 likes
      4. Show replies
      1. Curious Task‏ @CuriousTask May 18
        Replying to @Brian_Riedl

        $7 of labor at $15/hr implies 28 minutes of labor per sandwich. That's... a lot.

        2 replies 0 retweets 1 like
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      1. Bobby Crossland‏ @BobbyCrossland May 18
        Replying to @Brian_Riedl

        @drantbradley

        0 replies 0 retweets 0 likes
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      1. Steve Cowan‏ @StivC May 18
        Replying to @Brian_Riedl

        Lose a little on each sandwich - make it up in volume.

        0 replies 0 retweets 3 likes
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      1. piper‏ @MarkPiper2020 May 18
        Replying to @Brian_Riedl

        Force the producers to strike like in third world countries and they'll get what they deserve.

        0 replies 0 retweets 0 likes
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