The Beveridge Curve: Why Jobs Are Going Unfilled

The Beveridge Curve   The pandemic caused a lot of headaches for economists using conventional wisdom to counter the effects of a scarcity of labor and an abundance of job openings.    After visiting New York recently, a colleague told me he noticed...

When Will Foodservice Return to “Normal”?

Wall Street analysts recently announced that nearly all U.S. restaurants will be open again on July 4, 2021. Analysts and experts alike believe the foodservice industry is poised to benefit from a pent-up desire to dine out, which has been restricted because of the...

Happy Memorial Day! Then It’s Back to the Office, America.

This Memorial Day, we thought we would take a step back from our regular analysis of the U.S. foodservice industry and consider the broader perspective of many Americans returning to offices. After the last brat is burned on Monday evening and family you haven’t seen...

How Labor Shortages Are Altering Operator Strategies

A Tampa Bay McDonald’s (Photo: Dan Nunn) Restaurants across the U.S. are desperate to hire as outdoor dining season begins, indoor dining restrictions lift, and vaccination rates trend upwards. The problem is, workers are not returning. While the industry lost...

Responding to Higher Food, Labor Costs in 2021

Recently, Philadelphia-based Marquis & Co. announced it would implement a $15 an hour minimum wage across all nine units in July, as reported by Nation’s Restaurant News. Marquis said the average minimum wage at HipCityVeg’s Philadelphia locations is currently...