Restaurant Wages Higher in 2014
Restaurant owners are facing pressure to increase wages as the economy picks up steam. According to a recent report from the department of labor, as reported in the Wall Street Journal, restaurant wages increased at an annualized pace of 3% in the second half of 2014 compared to a 1.5% pace in the same period of 2013. Overall private sector wage increases have averaged 2% in the last 5 years. Many restaurants are seeing employees leave for careers in higher paying jobs that t
Restaurant Industry expecting 2015 growth
Good news for the restuarant industry in 2015. According to the National Restaurant Association, sales in for United States restaurants are expected to grow 3.8% this year. The industry is expected to hit $709 Billion from last year's $683 Billion. The NRA cites a few challenges facing the industry as well. The improving labor scenario in the U.S. is making it more challenging to recruit and retain employees. Additionally, the Affordable Care Act has made it more expensive to
