California’s new minimum wage increase for fast food workers is spurring the adoption of restaurant automation, and we are seeing the demand for drive-thru #VoiceAI on the rise. Thanks to Nancy Luna for the interview with our CEO, Gee Lefevre, and the great coverage to help provide insight for California QSRs. https://lnkd.in/gYUcvkXq #drivethrutechnology #restaurantoperators $PRST
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California fast food workers will have a minimum wage of $20 per hour beginning April 1st. This applies to chains with 60 or more locations across the state. Though there's still nuance to which restaurants this applies, the raise is a stark contrast to federal and many state minimum wages. It is even still an increase to the November 2024 California proposal to raise the overall minimum wage to $18 per hour. Typically, restaurant labor costs should account for approximately 30% of total revenue, but rising wages like in California are going to impact those calculations faster than you might expect. To navigate these growing expenses, discover techniques for managing labor costs that don't sacrifice job satisfaction or customer appreciation. #restaurant #labormanagement #cashmanagement
How to Calculate and Manage Restaurant Labor Costs ⎸ ICL
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As of April 1st, California fast food workers' minimum wage is now $20 per hour, and applies to chains with 60 or more locations across the state. Though there's still nuance to which restaurants this applies, the raise starkly contrasts federal and many state minimum wages. It is even still an increase to the November 2024 California proposal to raise the overall minimum wage to $18 per hour. Typically, restaurant labor costs should account for approximately 30% of total revenue, but rising wages like in California will impact those calculations faster than you might expect. To navigate these growing expenses, discover techniques for managing labor costs that don't sacrifice job satisfaction or customer appreciation. #restaurant #labormanagement #cashmanagement
How to Calculate and Manage Restaurant Labor Costs ⎸ ICL
https://integratedcashlogistics.com
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Digitization and automation have dominated the restaurant industry in recent years, and may be further accelerated by restaurant worker wage increases. Here's what you need to know.
Wage Increases May Accelerate the Adoption of Restaurant Technology
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Digitization and automation have dominated the restaurant industry in recent years, and may be further accelerated by restaurant worker wage increases. Here's what you need to know.
Wage Increases May Accelerate the Adoption of Restaurant Technology
https://restauranttechnologynews.com
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Digitization and automation have dominated the restaurant industry in recent years, and may be further accelerated by restaurant worker wage increases. Here's what you need to know.
Wage Increases May Accelerate the Adoption of Restaurant Technology
https://restauranttechnologynews.com
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Digitization and automation have dominated the restaurant industry in recent years, and may be further accelerated by restaurant worker wage increases. Here's what you need to know.
Wage Increases May Accelerate the Adoption of Restaurant Technology
https://restauranttechnologynews.com
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Digitization and automation have dominated the restaurant industry in recent years, and may be further accelerated by restaurant worker wage increases. Here's what you need to know.
Wage Increases May Accelerate the Adoption of Restaurant Technology
https://restauranttechnologynews.com
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Embracing technology may hold the key to survival and growth amid rising labor costs in California. Chef Irvine fresh off navigating the challenges of the pandemic, sheds light on the new challenges facing the restaurant industry, with the recent minimum wage hike in California. Renowned for his Food Network show "Restaurant: Impossible," Irvine discusses the impact of rising labor costs on smaller establishments, many of which are grappling with closure or contemplating it due to the strain of increased wages. Irvine remains hopeful about technology's potential to alleviate these pressures. He points to major fast-food chains successfully leveraging tech solutions to trim labor expenses. In a bid to support smaller ventures, Irvine has teamed up with GRUBBRR on a project dubbed Restaurant Revamp. This collaborative initiative is geared towards assisting small restaurant owners in California by introducing them to transformative technologies capable of bolstering profitability and operational efficiency amidst the wage hikes. #RestaurantIndustry #LaborCosts #Technology #SmallBusiness #California #FoodIndustry https://lnkd.in/gSbpZ3pu
FI Exclusive: Chef Robert Irvine Provides Guide for Restaurants to Survive Wage Hikes - The Food Institute
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"Chipotle has put rivals in a pickle with a rise in its minimum wage who are now forced to elevate their wages in order to retain their workers, even though justifying the price increase would not be possible with a lack of compelling menus." #RestaurantIndustry #WageInflation #LaborMarket #MinimumWage #EmployeeRetention #ChipotleEffect #EconomicImpact #IndustryAnalysis #InvestmentInsights #MexitNews
Top Analyst Says That The Restaurant Industry Is Undergoing A “Psychological Blow” With Chipotle’s Minimum Wage Hiking To $15
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