Do you think tipping is to extravagant?
When is the last time you got paid extra for doing your job? Where can you get a 15% return on your money? Bank savings accounts typically pay a fraction of one percent. Tipping encourages employers to pay low wages and takes workers incentive away to look for a better job. Restaurant work is supposed to be temporary to gain experience while young, not a lifelong career. In many countries, tipping is considered offensive.Â
Let's use $50 for a meal. 50 x 15% = 7.50 Tip | If it takes you waiter 2 minutes to take your order, 2 minutes to bring the food, and 2 minutes to collect the dirty dishes, a total of 6 minutes is dedicated to your table. There are 10 6-minute periods in an hour. Therefore the 15% tip = 10 x 7.50 or $75 per hour. Someone walking fast and serving several tables can exceed this amount. Meanwhile, the bank is paying you 0.02% on your savings account.Â
Everyone seems to support tipping. What if you are in a drive through window and the server hands you a bag of food from the window? They spent time taking your order, filling your order, and handing it to you through a window. Do you give them 15%? I'm just doing the math and tipping just don't make sense when savings account pay less than 1% on your money. Should we have a monetary penalty just for eating?
Speaking of eating, suppose you give a 15% tip at the restaurant. That same food goes through your digestive system and eventually, you find yourself in the lavatory at an equally expensive restaurant. Should you leave the attendant a 15% tip for cleaning the toilet and wash basin? What about the floor you walk on? If you do, you've paid 30% for the privilege of eating. Your bank savings account is still paying less than 1% on your money.Â