#labor-costs

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Eater NY
3 days ago
Coffee

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. [ more ]
Los Angeles Times
1 week ago
Artificial intelligence

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. [ more ]
www.theguardian.com
3 weeks ago
Artificial intelligence

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. [ more ]
Entrepreneur
5 months ago
Artificial intelligence

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. [ more ]
www.mercurynews.com
2 months ago
Education

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. [ more ]
www.mercurynews.com
3 months ago
East Bay (California)

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. [ more ]
www.cbc.ca
3 months ago
Canada news

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. [ more ]
Chicago Tribune
5 months ago
Business

Autoworker strike cost General Motors $1.1 billion

General Motors experienced a $1.1 billion hit in pretax earnings due to a strike by autoworkers.
GM plans to buy back $10 billion worth of stock and increase its dividend by one-third in January.
The company expects to generate more cash for the full year by cutting capital spending and slowing down spending on electric vehicles and its autonomous vehicle unit. [ more ]
Chicago Tribune
5 months ago
Business

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. [ more ]
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