Desperate for workers, US restaurants and stores raise pay

[Nevilledog]

Link to tweet

Tweet text:
The Associated Press
@AP
In an urgent effort to attract more applicants and keep up with a flood of customers as the coronavirus pandemic eases, U.S. restaurants and stores are rapidly raising pay.

Desperate for workers, US restaurants and stores raise pay
WASHINGTON (AP) — U.S. restaurants and stores are rapidly raising pay in an urgent effort to attract more applicants and keep up with a flood of customers as the pandemic eases. McDonald's , Sheetz...
apnews.com
7:43 PM · May 13, 2021

https://apnews.com/article/health-coronavirus-pandemic-business-5eb1432c117e217fea65bfaa138002e9

WASHINGTON (AP) — U.S. restaurants and stores are rapidly raising pay in an urgent effort to attract more applicants and keep up with a flood of customers as the pandemic eases.

McDonald’s, Sheetz and Chipotle are just some of the latest companies to follow Amazon, Walmart and Costco in boosting wages, in some cases to $15 an hour or higher.

The pay gains are, of course, a boon to these employees. Restaurants, bars, hotels and stores remain the lowest-paying industries, and many of their workers ran the risk of contracting COVID-19 on the job over the past year while white-collar employees were able to work from home.

Still, the pay increases could contribute to higher inflation if companies raise prices to cover the additional labor costs. Some businesses, however, could absorb the costs or invest over time in automation to offset higher wages.

States and cities are easing business restrictions as COVID-19 deaths and cases plummet, and in places like Florida, Nevada, and Texas, restaurant traffic is above or near pre-pandemic levels, according to OpenTable, a software provider to the industry.

*snip*



Go figure.....

[keithbvadu2]

1. Prices would go up?

[keithbvadu2]

3. Just carry out the threat and replace the workers?

Just carry out the threat and replace the workers?

[gratuitous]

2. Is it . . . is it . . . is it The Apocalypse?!

Working people getting paid more money? How will they stay desperate? How will they stay scared? If the job creators actually have to pay workers more, how will they afford that fourth home or second yacht? My God, My God, why have you forsaken us???

[Gaugamela]

4. It's called the "free market". Funny how they grumble when it doesn't go their way.

Suddenly it’s socialism, as far as they’re concerned.

[PSPS]

5. OMG!!11! Well, there is an upside...

They'll save the cost of the paper used for the public assistance applications that they provide all new employees. (Many low-wage employers actually do this.)

[Tree Lady]

6. If you think about it the higher unemployment

Forces companies, stores and restaurants to pay more. Why red states are canceling it.

Once people get use to a higher amount they will demand it.

[eppur_se_muova]

7. Holy cow, Batman!! That's just crazy enough to work!! nt