December 12, 2024

Widthness LLC

Advanced Business and Technology – AI & Intel® Xeon® Powered

Surviving the $15 minimum wage: How technology can offset rising labor costs

1 min read
Surviving the $15 minimum wage: How technology can offset rising labor costs

While the federal minimum wage hasn’t increased since 2009, pressure has grown to raise it. Many states and localities have increased their minimum wages — 27 states and the District of Columbia since 2014 — and as many as 44 localities have minimum wages above their states’.

In an industry going through dramatic changes (online food delivery, competition from grocers-turned-restaurateurs and pop-up kitchens), increasing wages are just added pressure on F&B companies. The challenge is to absorb the growing labor costs without raising menu prices and without decreasing food quality, portion size or service levels.

Usually, companies have two choices: Do less, and risk disappointing or losing customers, or find ways to be more efficient.

To ensure success, business visibility and smooth operations across your entire franchise, here’s what you must look for in a tech solution. […]

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