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Is Domino s Right and DoorDash Wrong About Food Delivery?
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Restaurants see diners return, but feel a labor crunch as hiring becomes a top priority
CNBC 3 hrs ago
Franchisees and large restaurants are looking for labor in an increasingly tight market.
Additional stimulus via both direct payments to individuals and enhanced unemployment benefits is a potential double-edged sword for restaurants.
Consumers have more cash on hand and are returning to dine out, but some operators feel the economic stimulus efforts are incentivizing workers to stay home.
Restaurants struggle to find workers as in-person dining returns
Replay Video
Daniel Halpern is looking to hire 800 workers, and it hasn t been easy.
Halpern is CEO of Jackmont Hospitality, an Atlanta-based foodservice company that franchises about 45 restaurants including TGI Fridays across the country.
McDonald s, Other CEOs Tell Investors $15 Minimum Wage Won t Hurt Business
By Julia Rock and Andrew Perez, The Daily Poster
On 4/5/21 at 6:00 AM EDT
Big restaurant chains are telling investors that a national minimum wage hike wouldn t be a big deal even as their corporate lobbying groups in Washington fight plans for a $15 minimum wage. We share your view that a national discussion on wage issues for working Americans is needed but the Raise the Wage Act is the wrong bill at the wrong time for our nation s restaurants, the National Restaurant Association wrote in a letter to congressional leaders in February. The restaurant industry and our workforce will suffer from a fast-tracked wage increase and elimination of the tip credit.
Author Bio
Full-time host of the Motley Fool Money radio show, MarketFoolery podcast, and other things. Part-time connoisseur of movies, basketball & fine bourbon.
In this episode of
GameStop s (NYSE:GME) volatility in the wake of earnings. Also,
Adobe (NASDAQ:ADBE) has a strong start to the fiscal year,
Restoration Hardware (NYSE:RH) hits an all-time high, and laser equipment maker
Coherent (NASDAQ:COHR) settles on a suitor.
Darden Restaurants (NYSE:DRI) serves up a stronger than expected quarter, and
Pepsi (NASDAQ:PEP) teams up with Peeps on a marshmallow-flavored cola.
Plus,
Domino s (NYSE:DPZ) CEO Ritch Allison talks about the rise of delivery services and the changing competitive landscape.
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