> When a person applies for a job, they need to do some due diligence researching the business to see if it sounds like something that will be around as long as they want to have a job.
This is a nitpick as I agree with the rest of your comment, but most people are absolutely not qualified to make that assessment. (In fact, it's debatable whether anyone can make that claim with any amount of certainty. Even the most successful investors are often wrong.)
Most people do this. People will work for a brand or company that is well known with a history over something new with everything else being equal. People will ask friends who work if company is a good place to work.
People are pretty smart.
For a minimum wage job at a car wash? Seriously? Absolutely not.
Yes. And for fast food.. coffee shops and many other minimum wage jobs. Someone is applying to McDonalds over Big Jim's almost edible meat 9 times out of 10.
This needs a source. If you just mean that this is happening because far more people know about McDonald's and are therefore less likely to know that Big Jim's is hiring, then sure, but I don't buy the idea that 9/10 people working low wage jobs are actively thinking about the relative stability of the employers they apply to.
> People will ask friends who work if company is a good place to work.
I 100% agree with this, but that has nothing to do with what we're talking about.