Labor cost is the elephant in the room for restaurant chains in 2024

Labor cost is the elephant in the room for restaurant chains in 2024

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While food inflation is moderating and consumers are loosening their belts again, one persistent problem — labor costs — has followed the restaurant industry into 2024. The federal minimum wage has remained $7.25 an hour for over 14 years, but more than 30 states have a higher minimum, with…

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