According to the Guardian, even hiking the minimum wage to $15 an hour and requiring health benefits, as San Francisco has done, hasn’t been enough to maintain a healthy heartbeat in the restaurant industry labor market, because the median price for a San Francisco rental is $4,550.
1. In the article, Gwyneth Borden, executive director of the Golden Gate Restaurant Association, said the same trends have been taking a toll in other cities around the country. What are some of these cities? Do some research and find statistics on the costs of living of at least 3 of these cities and compare.
2. What are some of the new restaurant concepts that have been launched because of this labor shortage?
3. If this labor market problem limits the number and kinds of restaurant offerings in the Bay area, what are some of the other problems that you anticipate?
McCormick, E. (2018). San Francisco’s foodie scene suffers as its workers flee high cost of living. The Guardian, Dec. 10 (Retrievable online https://www.theguardian.com/us-news/2018/dec/09/san-franciscos-foodie-scene-suffers-as-its-workers-flee-high-cost-of-living)