#labor-costs

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Problems keep piling up for budget airlines like Spirit Airlines - so get set to pay more

Spirit Airlines is facing severe financial distress and may file for bankruptcy as budget airlines struggle with rising costs and declining profits.

GM Sales Fall, EV Sales Weak

General Motors is struggling with disappointing vehicle deliveries amid weak electric vehicle sales and rising labor costs.

Starbucks Faces Unions, Higher Costs

Starbucks faces challenges with rising labor costs as unions gain strength, and CEO Niccol must balance profitability with workers' demands for better pay and conditions.
from 24/7 Wall St.
1 month ago

VW's Warning To Ford And GM

Volkswagen faces multiple challenges including declining sales in China, rising car prices, and increased labor costs, leading to earnings downgrades.

Here's How Inflation-Strapped Franchisees Are Fighting Back | Entrepreneur

Franchisees are significantly impacted by inflation, with 87% reporting severe effects on their businesses in 2024.
#restaurant-industry

Why Are Miami Restaurants So Expensive Nowadays?

The rising costs of labor and food are driving up restaurant prices, making dining out less affordable for customers.

How Seattle's Coming Restaurant Minimum Wage Increase Could Upend the Industry

Seattle's minimum wage law is poised to significantly impact the restaurant industry's business model, potentially leading to increased prices and service changes.

AI Drive-Thru Tech Is Secretly Powered by Humans | Entrepreneur

AI is being used in the restaurant industry to lower labor costs.
Presto Automation Inc. uses off-site agents to ensure order accuracy in more than 70% of customer interactions.

Why Atlanta's Famous Restaurants Are So Expensive and How to Try Them for Less

Higher food costs and labor wages are driving menu price increases in restaurants.

Why Are Miami Restaurants So Expensive Nowadays?

The rising costs of labor and food are driving up restaurant prices, making dining out less affordable for customers.

How Seattle's Coming Restaurant Minimum Wage Increase Could Upend the Industry

Seattle's minimum wage law is poised to significantly impact the restaurant industry's business model, potentially leading to increased prices and service changes.

AI Drive-Thru Tech Is Secretly Powered by Humans | Entrepreneur

AI is being used in the restaurant industry to lower labor costs.
Presto Automation Inc. uses off-site agents to ensure order accuracy in more than 70% of customer interactions.

Why Atlanta's Famous Restaurants Are So Expensive and How to Try Them for Less

Higher food costs and labor wages are driving menu price increases in restaurants.
morerestaurant-industry

The Price of Your Fancy Coffee Drink Just Went Up, Again

The average cost for a cup of coffee ranges from $4.50 to $6.50, expected to rise in 2024 due to factors like bean prices and labor costs.
#fast-food-industry

Can AI-powered drive-throughs save the day for fast food operators?

The increasing minimum wage in California is leading businesses to implement AI and technology to offset rising labor costs.

Eat the future, pay with your face': my dystopian trip to an AI burger joint

The world's first fully autonomous restaurant uses AI-powered robots to cut labor costs in fast food establishments.

Is California the worst state for fast food operators?

California has the harshest conditions for running a fast food joint, with Texas being the best state for such businesses.

McDonald's ends AI drive-thru trial as fast-food industry tests automation

McDonald's is ending the AI chatbot test at drive-thrus, sparking concerns in the fast-food industry about technology adoption.

Can AI-powered drive-throughs save the day for fast food operators?

The increasing minimum wage in California is leading businesses to implement AI and technology to offset rising labor costs.

Eat the future, pay with your face': my dystopian trip to an AI burger joint

The world's first fully autonomous restaurant uses AI-powered robots to cut labor costs in fast food establishments.

Is California the worst state for fast food operators?

California has the harshest conditions for running a fast food joint, with Texas being the best state for such businesses.

McDonald's ends AI drive-thru trial as fast-food industry tests automation

McDonald's is ending the AI chatbot test at drive-thrus, sparking concerns in the fast-food industry about technology adoption.
morefast-food-industry
#budget-deficit

What will Oakland schools have to cut to fix their $24 million deficit?

Oakland Unified School District faces a sizable budget deficit due to expiring federal COVID funds and increased labor costs.
Declining enrollment and charter schools are major factors contributing to Oakland's financial distress in the education sector.

Labor, health costs lead Santa Clara County to project $250 million deficit in upcoming fiscal year

Santa Clara County is projecting a $250 million deficit in the next fiscal year due to growing labor costs and a slow housing market.
The county's healthcare system is expected to have a negative balance of $42.9 million due to labor costs and lower than expected revenues.

What will Oakland schools have to cut to fix their $24 million deficit?

Oakland Unified School District faces a sizable budget deficit due to expiring federal COVID funds and increased labor costs.
Declining enrollment and charter schools are major factors contributing to Oakland's financial distress in the education sector.

Labor, health costs lead Santa Clara County to project $250 million deficit in upcoming fiscal year

Santa Clara County is projecting a $250 million deficit in the next fiscal year due to growing labor costs and a slow housing market.
The county's healthcare system is expected to have a negative balance of $42.9 million due to labor costs and lower than expected revenues.
morebudget-deficit

These robots could make your next fast food meal | CBC News

Robots are becoming more common in fast food kitchens as companies seek to automate processes and cut labor costs.
Robots like Remy can create consistency, reduce wait times, and make food faster and cheaper, making them attractive to fast food businesses.

Autoworker strike cost General Motors $1.1 billion

GM expects to absorb increased labor costs and still have enough left to buy back stock worth nearly one quarter of the company's market value.
GM plans to cut capital spending, including a slowdown in spending on electric vehicles and its troubled autonomous vehicle unit, Cruise.

The latest trick companies could be using to pay workers less

More US companies are dropping education and experience requirements for jobs.

Costco Just Announced a Major Change, and Shoppers Are Not Happy

Costco will stop stocking books regularly starting in 2025, only selling them during the holiday season due to labor costs.
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