A prominent chef told the Federal Reserve that worker shortages in the restaurant industry was tied to 'life changes' and workers need more pay.
The reason that there is a worker shortage in the U.S. restaurant industry is that employees decided to make “life changes” as they went through the pandemic, a prominent chef told the Federal Reserve on Friday.
No longer will restaurants “be able to get by and pay people $13 an hour, and expect people to stay with us for years and years,” she said. Fed Chairman Jerome Powell said he’s never seen an economy that combines so many reports of labor shortages with so many unemployed workers. Employers report across the country that they can’t find workers and in many ways, the labor market appears “tight,” Powell said earlier this week.
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