Jefferies managing director Andy Barish discusses the state of the restaurant industry, including labor shortages, wage concerns and what companies stand to benefit from current conditions.With more than 39,000 restaurants in 100 countries, McDonald's is one of the largest fast-food franchises in the world. It is also one of the busiest, feeding a whopping 68 million people per day—about 1% of the world's population.
McDonald's has attempted to set up shop in Montpelier before. In 1996, a Montpelier landlord, Jeff Jacobs, applied for a permit to convert a historic bank building into a McDonald's restaurant. Jacobs' request was denied, on the grounds that a Mcdonald's at the proposed location would create traffic problems. Jacobs appealed the decision to Vermont's Supreme Court and initiated an $8 million lawsuit, but neither case made it to court.
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Average? That could mean management could receive a wage of $25.00 per hour and front line workers would continue to receive minimum wage of $7.50. Why not pay a starting wage of $15.00?
I would work there in six seconds but I was in the fast food industry for six and I am sick of it
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