Moonstone Bistro, a popular fine-dining restaurant in west Redding, has announced they will stop serving lunch, citing California’s increased minimum wage...
I mean the difference between them and they employees is that they can sell their restaurant when they want to quit at a good profit while their employees have to leave with only the clothes on their back.
Not necessarily. Many restaurants lease the space and profit margins can be tight. It's not some golden goose to own a restaurant, unless it's super popular and you always have customers... Or sell lots of beer/liquor.