A Florida restaurant chain says boosting pay and offering better benefits helped it end its labor shortage
A Florida restaurant chain says boosting pay and offering better benefits helped it end its labor shortage
Pollo Tropical is raising prices by between 4% and 6% in December to fund its higher wages, sign-on bonuses, and improved benefits.
Amazing discovery đź’ˇ
Helped end the "dirt cheap labor" shortage.
There isn't a labor shortage, we should call it a wage shortage
Right, because if it were an actual shortage, you couldn’t just “end” it, just like that.
It genuinely blows my goddamn mind that this article is actually considered news and has to even be published.
Like, what the fuck do they teach people in business school these days?? Just cut costs endlessly? Like "I have this restaurant with no employees that serves nothing and charges $1B per customer. I will be rich!" ??
Came here to post just this. How fucking stupid are the people in charge of these places? That offering higher wages gets you more/better employees is such a revolutionary concept that not only has nobody else tried it, but when one does and realizes it works, it becomes a Business Insider article?
You don't have to be an MBA to understand supply and demand. If there is less supply of workers and more demand for workers the market price of work will rise. Did they think the labor market was a slave trade?
I really genuinely do not understand how so many supposedly smart successful business people can be so stupid as to not understand such a simple concept.
Like, what the fuck do they teach people in business school these days?? Just cut costs endlessly? Like "I have this restaurant with no employees that serves nothing and charges $1B per customer. I will be rich!" ??
I work in corporate retail, and yes, basically. It's pretty wild how myopic senior leadership can be at times.
I thought it might be an Onion headline.
Hey, worked for that mobile app that sold for like $2k and just showed some shiny bling animation
my pet dogs started living once i started poking fucking holes in the crates
Fucking holes in the crate... i don't like where this is going.
Fucking holes, zombie dogs.
Wow, I wonder how they thought of that. You mean there’s actually an ability for hospitality workers to negotiate for better pay and conditions? I guess we’ve already seen the CEO and stockholder class kicking up a fuss and insulting the crap out of labor with the “nobody wants to work anymore” bullshit and various propaganda.
I feel like i've read this exact title on an Onion article
Whenever I hear: There's a labor shortage!
My brother in Christ there's over 8 billion humans alive today surely you can solve this problem.
The shortage is in people with little enough self-respect to work for greedy pricks unwilling to pay them a living wage.
raising prices 6% to cover costs
It only takes a miniscule amount of money to make a business work by keeping workers happy. It takes a moronic business leader to refuse to spend because they can't live without their single digit percentages.
Glad that business saw the light and made some sustainable choices.
Wow! I'm surprised! They learned basic economics!
In other news, water is wet. Wait. We have breaking news! Fire is hot!
WOW 🤯
It's as if when people can afford to work for you, they will work for you
What a fucking shock, who could have ever seen this coming? They should publish their research, the world has to know!
shocked pikachu face
I'm not sure whether to laugh or cry at this headline.
Here's a thought experiment to all those companies experiencing a "labor shortage":
If you were to post a job offer, but list pay that's twice as high as the industry average, would you still have no applicants? If the answer is no, then the problem is you.
So what you're telling me is, people do want to work? Who knew?
This is the only time that has ever worked. /s
Key word:
Its
Paying more can't magically make more people available to work and there are real labor limits right now. It just means that if you want people, you have to make sure you're using them as effectively as possible and pay them above market rates.
But for every guy you get, the other guy loses a spot and has to compete harder.
This is a good thing.
Dragging them kicking and screaming.
Genuinely happy for everyone involved in this story. The real test will be how much top line revenues are impacted when the higher menu prices kick in next month.
The Caribbean-food chain is raising prices by up to 6% in December to fund higher labor costs.
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Imagine if everyone paid enough then everyone could afford to buy shit so the businesses would actually make more. 🤯
Hear that, folks? Markets work. 🙂