Restaurant industry struggles to find staff

Even though fewer people are preparing their own meals, the restaurant industry is struggling to find staff and pay them more

Restaurant industry struggles to find staffAll the gourmet cooking TV shows notwithstanding, people are preparing fewer and fewer of the meals they eat at home. We are happy when we are eating, as numerous studies on time use and well-being have shown — but we are not happy cooking. This conclusion comes from revealed preference: what you choose to do or not do tells what…

Walmart plan to increase wages an act of brilliance

But fast-food industry – including McDonald’s – won’t be following in its footsteps any time soon

Walmart plan to increase wages an act of brillianceWalmart shareholders were not overly thrilled to learn that the company was planning to increase the salaries of their poorly paid employees in the U.S. Known for its cost-cutting approach and shrewd management methods, the announcement came as a surprise. Given that this soon-to-be-better-paid group includes more than 500,000 people, most of them women, many…