Restaurant News Roundup: Tips, Minimum Wage Impact, Shrinking Menus
Calls mount to keep the tip credit for restaurants following plans by New York Governor Andrew Cuomo to hold hearings to eliminate it. The argument to keep the credit: it helps restaurants reduce their direct labor costs and survive in a very competitive environment. Read more here: https://www.forbes.com/sites/andrewrigie/2018/01/15/why-nyc-restaurants-need-the-tip-credit/#507504277b09
CEO of Uncle Jack’s Steakhouse warns that the minimum wage hike that went into effect this year in 18 states will cause “thousands of restaurants to close their doors.” Read more here: http://www.foxbusiness.com/features/2018/01/15/minimum-wage-hikes-sending-restaurants-way-shopping-mall.html
Dunkin’ Donuts, Chili’s, Sonic and others cut dozens of items from their menus as the industry shifts towards simplicity over choice. Read more here: http://www.businessinsider.com/fast-food-chains-slash-menus-2018-1
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