labor costs

U.S. Labor Costs Grow as Workers’ Wages Climb
U.S. Labor Costs Grow as Workers’ Wages Climb
April 30, 2024  |  Economy

American labor costs rose more than anticipated last quarter, new government data shows. The Employment Cost Index (ECI), a measure of wages and benefits, climbed 1.2%...

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Chipotle and McDonald’s to Raise Prices in California After Minimum Wage Hike
Chipotle and McDonald’s to Raise Prices in California After Minimum Wage Hike
October 30, 2023  |  Retail

Chipotle Mexican Grill and McDonald’s plan to increase menu prices in California next year. The decision is a response to the state’s forthcoming minimum wage hike for fast-food...

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Walmart Deviates From Holiday Hiring Spree Amid Economic Uncertainty
Walmart Deviates From Holiday Hiring Spree Amid Economic Uncertainty
October 16, 2023  |  Walmart

As the holiday shopping season approaches, Walmart has announced that it is will not hire additional staff to serve customers during this peak period. This...

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US Restaurants Face Tough 2019
US Restaurants Face Tough 2019
December 28, 2018  |  ResTech

U.S. restaurant chains dealt with slow-growing sales and lower demand among consumers during 2018 — and more pain is expected in the New Year. According...

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Technology Helps Lower Labor Costs, But Procurement Pros Still Vital To Success
Technology Helps Lower Labor Costs, But Procurement Pros Still Vital To Success
August 14, 2017  |  B2B Payments

A new study has found that implementation of digital technology has enabled procurement organizations to reduce their full-time workers by an average of 29 percent,...

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Labor And The Costs Of Doing Business
Labor And The Costs Of Doing Business
February 08, 2017  |  Consumer Finance

Corporate earnings season marches onward. The stock markets stand near new highs. The mood may be mixed as to what just will happen to companies...

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