The Great Rethink: Restaurants Will Need to Evolve to
Meet Today's New Values
Perhaps it's time for proprietors to loosen their own ties
and rethink what they are offering patrons.
Workers now demanding nearly $80K to start new job
This is why we can not get people back to working in
the Hospitality Industry.
Business Meals Are Back With a Vengeance, and
Everyone Feels Awkward
Beware the chicken wings: Work events have people
relearning the rules of dining banter and etiquette.
Restaurateurs fuming over ominous new fee billed
to their customers by Big Tech vendor
Some say point-of-sale provider Toast Inc. is
bypassing client restaurants to charge consumers directly.
Customer Ratings Have Become Meaningless.
'People Hand Out 5 Stars Like It's Candy.'
Riddled with confusion and guilt, Americans are
handing out perfect Uber and Airbnb scores;
"Don't have to earn it anymore"
American Cities Are Starting to Thrive Again.
Just Not Near Office Buildings.
While office towers sit empty and nearby businesses
struggle to pay their bills, residential neighborhoods
in America’s biggest cities are bustling again.
Brunch Is Now an Event Seven Days a Week
The classic weekend meal synonymous with relaxation
finds more takers during the workweek.
A New Way to Push People Back to Offices:
Tying Pay to Attendance
Bosses have tried different tactics to repopulate
workplaces, and now at least one prominent employer
is vowing that staffers’ pay could be affected.
easy fix for Midtown’s post-COVID half-empty offices
As the city approaches the third anniversary of COVID
lockdowns, Manhattan’s skyscrapers hover around the 50%
Abound, but Many Are Fake
In an uncertain economy, companies post ads for jobs
they might not really be trying to fill
PERSONAL REMARKS: Very interesting article,
and one that people should read as it translates into
lower expectations for the turns on any given night.
Remote work costs NYC over $12B annually: report, Fox Business
New York City has reportedly seen the largest reduction in
spending nationwide. The shift to remote work is costing New
York City more than $12 billion each year.
PERSONAL REMARKS: This is a Business Report
that just got released, showing and referring to the overall
NYC lost revenue from remote workers, and I would add to that
the loss of consumers coming in for a night out.
As you will see, for every remote worker or 48% of any given
company workforce are spending almost ($5,000) less than before
the pandemic hit in 2020.
In total the city is seeing an estimate ($12.4 mmm) in lost
tax revenue, this translates into all business are seeing and
experience a (loss) revenue across all spectrums.
With this information in hand, we should be able to adjust
our projections for terms of Sales and overall reduction in
expenses until we see things picking up. But with only 52%
Daily Office Occupancy it will be tight for awhile.
Mass Layoffs or Hiring Boom? What’s Actually Happening
in the Jobs Market
Restaurants, hotels and hospitals are finally staffing up,
more than making up for losses in tech and other sectors.
“Knock on wood, things are running like they were before
the pandemic,” said one restaurant executive.
Proposed New York state minimum wage legislation
would boost wages for nearly 2.9 million workers
Minimum wages would range by region from $20 to $21.25
per hour by 2026.
It’s Dry January. Would You Pay $17 for a Mocktail?
Bars are trying to outdo one another with
ever-fancier booze-free drinks. ‘Look Ma, No Booze.’.
Robust Job and Wage Growth Showed Signs of Cooling in Late 2022
Federal Reserve projects unemployment rate to rise
during year ahead. The labor market proved to be a
resilient stabilizer in 2022 for a U.S. economy facing
the highest inflation in four decades.
New York Hotel Owners Cheer Recent Revival, But Are Wary of Possible Slump
Leisure and business travel is picking up, though occupancy is
still short of prepandemic levels. New York City hotel
owners are toasting a year that showed signs of a
sustained recovery from the pandemic, but the prospect
of a possible economic downturn is dampening further
Large Pay Gains Outpace State Minimum-Wage Boosts for Many Workers
A lot of restaurant and retail workers earn more than
rising state pay floors.
Wage Inequality May Be Starting to Reverse
Remote work, deglobalization, stalled technology
have started eroding some advantages of
higher-skilled workers. The question is whether
it will last.
Restaurant Staffers Are Returning to Work After Covid Flight
Employment nears prepandemic levels as pay and
working conditions improve.
Economy Has Drinkers Choosing Prosecco Over Champagne
Sales of higher-priced liquor and wine are slowing
after years of growth. Shoppers are reaching less
for the top shelf.
Labor Board Proposes New Joint Employer Rule,
Easing Trump-Era Limits (WSJ.com)
Labor-management relations watchdog proposes a rule
that will allow workers to claim they are employed by
two employers simultaneously, opening the way for
employee claims against businesses that use franchises,
independent contractors, and suppliers.
It would repeal a 2020 rule issued under the Trump
administration stating that employees could only claim
employment with companies with “substantial, direct,
and immediate control.”
PERSONAL REMARKS: Who is accountable for providing
the solution to workers regarding compensation if one
thing was to happen? This may force compensation
insurance on workers, not on the payroll.
California Fast Food Wages Would Be Set by Government
Under Bill Passed by State Legislature (WSJ.com)
Representatives for chains together with McDonald’s
persuaded lawmakers to get rid of provisions holding
them accountable for labor violations by franchisees.
This was signed into
law on Labor Day. 20% increase in fast food
Affordable Care Act Health-Plan Premiums Set to
Most shoppers will not see an abundance of rising
attributable to increased federal subsidies, however,
several little employers are hit.
Premiums for several reasonable Care Act
health-insurance plans are set to rise sharply
next year, a signal of however rising labor prices
and alternative expenses are commencing to ripple
through the tending economy.
The impact will have a
higher cost passed on to the small employer and limit
Google, Meta and Others May Soon Need to Disclose Pay
on California Job Listings (WSJ.com)
California could presently need nearly all employers
hiring within the state to start listing pay on job
positions, a move that might influence several of
America’s biggest corporations.
This is detrimental to anyone
seeking to advance above their co-worker. There is
no recognition for the employee trying to achieve.
Walmart, Target Urge Lawmakers to Pass Bill Taking
Aim at Visa, Mastercard Fees (WSJ.com)
Over 1,600 merchants together with Walmart Inc. and
Target Corporation are urging U.S. lawmakers to pass
legislation that will interrupt the hold that credit
cards have over the credit-card market.
This legislation, which was introduced by Senators
Durbin and Marshall in July 2022, would supply
merchants the potential to route many credit-card
payments over networks excluding Visa and Mastercard.
The merchants including an assortment of small
businesses like gas stations, restaurants, and grocers
would then pass the fees along to consumers in a
form of higher prices.
Refer to the below websites for
further information on merchants consistently
violating surcharging and links to rules:
deep-blue cities starved for diners while Florida
is feasting (Fox News)
Everybody Into the
Hotel Pool! That’ll Be $200 (WSJ)
Big Cities Can't
Get Workers Back to the Office (WSJ)
New Lawsuit Argues
Tipped Minimum Wage Violates Workers' Civil Rights
Napa Valley Has a Problem:
It's Running Out of Prime Room for Grapes
New York Poised to Bring
Back Takeout Cocktails, With a Twist
How Supply Chain
Disruptions Are Affecting Philly's Food Industry
Restaurants Nationwide Temporarily Close
as Staff Test Positive, Case Counts Rise