In this episode, Christine and Keith continue to share issues that restaurants continue to face: more alarming numbers on staffing and costing issues, what they really think of New York’s minimum wage, and seeing no end in sight on the vaccine mandate.
[00:19] Missing Richard
[03:21] Robert Earl on the Delta Variant
[07:11] No End in Sight
[11:57] Employers and Their Unvaccinated Employees
[15:31] The Well of Talent Not Filling Up
[19:50] 2021 NRA Mid-Year Report
[21:50] The Pay Scale and Shoveling Money into Fire
[25:45] Sales, Supply Chain, and Labor Issues
[31:08] News Media Driving the Fear of the Delta Variant
[32:38] Christine and Keith Announce BTC Swag and the COV-Hole of the Week
[36:18] Closing the Show
No End in Sight on the Staffing Problem
Christine shares some hard numbers on the ongoing staffing problem of restaurants: more than three quarters of operators who took part in the NRA survey say that restaurants are short on staff, In response, restaurants are cutting hours, slashing menu items, and reducing the seating capacity, severely impacting their revenue stream because of the food supply challenges. Christine also heard from her lawyers that employers have the option to not fire their staff for being unvaccinated, but some choose to do so to avoid getting fined instead of standing up for their employees.
Christine and Keith Tackle the Pay Scale
The minimum wage in New York is at $15/hour and while Christine and Keith are impressed that some restaurants raise this from $17-22, they think it might be a little extreme. There’s already been a rapid increase on the amount of money that restaurants with a razor thin profit margin can operate at, on top of sign-on bonuses and premium pays for going overtime. As Rich would have it, restaurants should instead take care of the people working for him and not give free money to new people coming on. While Christine and Keith are all for a livable wage, they couldn’t agree more.
Sales and Supply Chain Issues
Newsweek reported that US restaurant prices are seeing the largest increase since 1981 in July. Sales are going up but food cost is rising as well, leading to increased prices in menu items and increased compensation for labor. Everything is trending upwards, but the industry is not bouncing back as it should be. With the rising hourly wages, Keith sees the intention behind these merely just for headlines and less about helping the industry and its employees recover: rich people giving ordinary people a little bit more money to stay exactly where they are.
Where to Find Them:
Facebook - DeVita & Hancock Hospitality Group Inc.
Instagram - @devita_hancock_hospitality
Official Website - DeVita and Hancock Hospitality Group
Christine DeVita on LinkedIn
Keith Hancock on LinkedIn
[email protected]
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