In this episode, I talk with researchers about the impact of large changes in a minimum wage on restaurants and how restaurateurs would try to adapt to them.
Guests:
Dr. Toni Repetti - https://www.linkedin.com/in/tonirepetti/
Dr. Susan Roe - https://www.linkedin.com/in/susan-roe-3b8b295/
Article link: https://digitalscholarship.unlv.edu/hotel_fac_articles/146/
---
00:00 Welcome
00:15 In this episode
01:03 Author introduction
02:55 30,000 foot overview
03:49 Origin of this research
05:22 Focus on LARGE changes in wages
07:47 Pricing and/or labor
09:19 Highlights of findings
11:43 Pricing was the primary answer
12:23 Other factors that might make a difference
14:13 Pricing will be influenced more than labor hours
15:00 What increase could cause you to close your restaurant
17:56 How operators would adapt
21:40 Other interesting findings
21:51 Advocate for a phase in feature to raises
22:59 What's next with this research?
26:14 Ways for operators to get involved with resaerch
27:35 If you were an operator, how would you use this data?
33:18 This is useful even if the minimum wage doesn't change
34:34 Recap
36:30 Closing
---
Your host
Nathan’s LinkedIn - https://www.linkedin.com/in/nathan-jarvis-82ab719/
---
Where can I listen to Restaurant Relevance – the podcast?
· Anchor - https://anchor.fm/restaurantrelevance
· Spotify – https://open.spotify.com/show/5L7snh4IQ6OZ7eYp7ZXOuZ
· Google podcasts - https://www.google.com/podcasts?feed=aHR0cHM6Ly9hbmNob3IuZm0vcy82OTdjNThlNC9wb2RjYXN0L3Jzcw==
· Breaker - https://www.breaker.audio/restaurant-relevance-the-podcast
· Pocket casts - https://pca.st/0viog2zs
· Radio Public - https://radiopublic.com/restaurant-relevance-the-podcast-6B7Bbq
Thanks to @StreamBeatsbyHarrisHeller
Tracks “Rehearsal” and “Oxnard” from Groove
#restaurantrelevance #minimumwage #restaurantmanagement
Please note that this podcast is distinct from Dr. Nathan Jarvis’s teaching and research roles with the University of Houston. As with all academic research, data is contextual and designed to provide ideas for operators. However, no guarantees can be made for its effectiveness, etc. Restaurant Relevance – the Podcast, its employees, guests and affiliates assume no liability for the application of the information discussed.
