#labor-costs

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Wetherspoons reports solid trading but mounting cost pressures - London Business News | Londonlovesbusiness.com

Wetherspoon's sales rose 5.1% despite labor cost challenges, indicating resilience but an urgent need to balance pricing strategy.

Robot packers and AI cameras: UK retail embraces automation to cut staff costs

UK retailers are adopting automation in response to rising labor costs, which may displace entry-level jobs.

Tax and pay hikes to see firms pay 2,300 more per low-wage worker this year

The Independent emphasizes the importance of accessible journalism amid critical societal issues.
#restaurant-industry

These are the top 7 issues facing the struggling restaurant industry in 2025

Restaurants in Southern California are facing ongoing challenges, including rising costs and labor issues, making recovery from the pandemic difficult.

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.

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.

These are the top 7 issues facing the struggling restaurant industry in 2025

Restaurants in Southern California are facing ongoing challenges, including rising costs and labor issues, making recovery from the pandemic difficult.

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.

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.
morerestaurant-industry

Some small business owners are relieved after an overtime-pay rule was blocked

Small business owners reacted positively to the judge's decision to block an overtime rule expansion, which helps manage labor costs.
#volkswagen

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.

Volkswagen stands by German factory closure plan DW 11/24/2024

Volkswagen plans to close factories and lay off workers, indicating a major shift in response to current economic challenges.

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.

Volkswagen stands by German factory closure plan DW 11/24/2024

Volkswagen plans to close factories and lay off workers, indicating a major shift in response to current economic challenges.
morevolkswagen

Acclaimed Oakland Restaurant Daytrip Is Calling It Quits, Owners Say Costs Are Too High

Daytrip, a celebrated restaurant in Oakland, is closing due to financial struggles stemming from high operating costs and reduced customer turnout.

NYC airport food is about to get even more expensive

Prices for food and drinks at NYC airports are expected to rise by 7.5% by 2025 due to a proposed surcharge.
#new-york-city

Airport Food Prices at JFK and LaGuardia Are About to Go Up

Airport food prices are set to rise sharply in 2024 due to new proposed surcharges.
Travelers frequently complain about excessive pricing for food and drinks in NYC airports.

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.

Airport Food Prices at JFK and LaGuardia Are About to Go Up

Airport food prices are set to rise sharply in 2024 due to new proposed surcharges.
Travelers frequently complain about excessive pricing for food and drinks in NYC airports.

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.
morenew-york-city

Empty plates: Legal weed, fewer customers among factors hurting restaurants and bars in NYC

High labor costs and fewer customers are significantly impacting NYC restaurants and bars, causing sales to decline drastically.
Labor issues are compounded by the pandemic's lasting effects, leading to operational challenges for restaurants.

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.

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.
#fast-food-industry

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.

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.

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.

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.

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.

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.
morefast-food-industry
#budget-deficit

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.

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.
morebudget-deficit

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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