Analysts Explore Restaurant Industry at $15 an Hour
As the country tracks toward a $15 federal minimum wage, two analysts took a look at what it would mean for the restaurant space. Peter Saleh of BTIG and Michael Halen of Bloomberg both released reports. A $15 minimum wage is part of the Democratic platform. The latest look at the plan was a phased approach from the current minimum wage of $7.25 to $15 by 2026. The broad change under a new federal minimum is not the whole picture. Many states are raising wages under their own plan. Dozens of states ticked up their minimum wage on the first of the year. Minnesota hit $10, up from $9.86 in 2020...
Source: franchisetimes.com