Restaurants ‘have no choice’ but to raise wages even more, strategist says

The clearest sign that the leisure and hospitality labor shortage isn’t yet easing — at least in the short term — is the rise in employee wages.

As vaccination rates climb and more Americans dine out, restaurants can’t find enough cooks, waiters, and dishwashers to keep up with demand.

Restaurants “have no choice” but to raise wages, BTIG Managing Director Peter Saleh told Yahoo Finance Live this week. “They need to increase benefits to attract employees or else they can’t serve…


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