Blame the unions for crap negotiations if you think that’s true.
Every time i hear this it makes me laugh. One, how do you know they could do it with no worries? Two, you think 2022 operating costs for any business are the same as 2019? Of course not. Costs are through the roof.
We can look at the hotel industry on Los Angeles as an example. The city recently passed a hotel worker ordinance. This is causing a significant increase in operating costs that have nothing to do with the current economic situation. these hotel owners will now be finding a way to cover these additional costs. Can they just increase rates? Probably not…not in a recovering industry. Meanwhile people will say, “you want workers?, pay them more than the rest of the market. Stop being cheap.”….well that would be great, except energy costs, inflation, the new ordinance, the fact that so many people left the job market….