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Related: About this forumThe Great Resignation is ripping through the restaurant industry
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The Great Resignation is ripping through the restaurant industry
Brian Sozzi · Anchor, Editor-at-Large
Fri, October 15, 2021, 12:20 PM
The Great Resignation is beginning to create even more havoc for thinly staffed restaurant chains trying to rally back from being hammered during the pandemic.
This week, the Bureau of Labor Statistics reported that quits rates in the food service industry hit 6.8%, compared to an overall quits rate of 2.9%. Guggenheim analyst Gregory Francfort notes the quits rate for food service is well above the 5% peaks seen in quits in 2006 and 2019, and 4.1% average over the past 20 years.
Nearly 4.3 million Americans quit their jobs in August as many people sought out higher wages amid the recovery from the pandemic, opted for lifestyle changes, or lacked affordable childcare.
{snip}
Domino's Pizza became first major restaurant chain to warn this week on the increasing impact of The Great Resignation.
{snip}
The Great Resignation is ripping through the restaurant industry
Brian Sozzi · Anchor, Editor-at-Large
Fri, October 15, 2021, 12:20 PM
The Great Resignation is beginning to create even more havoc for thinly staffed restaurant chains trying to rally back from being hammered during the pandemic.
This week, the Bureau of Labor Statistics reported that quits rates in the food service industry hit 6.8%, compared to an overall quits rate of 2.9%. Guggenheim analyst Gregory Francfort notes the quits rate for food service is well above the 5% peaks seen in quits in 2006 and 2019, and 4.1% average over the past 20 years.
Nearly 4.3 million Americans quit their jobs in August as many people sought out higher wages amid the recovery from the pandemic, opted for lifestyle changes, or lacked affordable childcare.
{snip}
Domino's Pizza became first major restaurant chain to warn this week on the increasing impact of The Great Resignation.
{snip}
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The Great Resignation is ripping through the restaurant industry (Original Post)
mahatmakanejeeves
Oct 2021
OP
Any industry that refuses to up wages and / or salaries will suffer the consequences (as they ...
SWBTATTReg
Oct 2021
#1
Start paying workers $30 per hour and eliminate tips, and the problem goes away.
MichMan
Oct 2021
#2
SWBTATTReg
(21,859 posts)1. Any industry that refuses to up wages and / or salaries will suffer the consequences (as they ...
should). Isn't it time that workers have a say in what they should get paid, since the do nothing republicans will continue to block any advances on a higher minimum wage (or any better comprehensive pay/benefits package for workers).
Do nothing republicans don't care about anybody else but their 1% buddies such as Koch and such. It's time that normal everyday Americans speak for themselves, and start representing the vast majority of Americans instead of a tiny fraction as republicans continue to do. Dump all republicans NOW.
MichMan
(11,790 posts)2. Start paying workers $30 per hour and eliminate tips, and the problem goes away.
Not too hard to figure out.