Business economics of minimum wage hike

Business economics of minimum wage hike

Restaurants should educate the public on the impact of a wage increase

It dawned on me while watching news coverage of the recent quick-service strikes calling for a $15 minimum wage that the foodservice industry needs to educate its employees and the public about the economics of the business before it’s forced into a corner.

A failure to do so could result in a significantly higher cost structure for operators, steeper prices for consumers and slower unit growth that will translate into fewer employment opportunities for the very people who

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Contact: Desiree Torres Desiree.Torres@penton.com

TAGS: Workforce
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