Restaurants Are Facing A Labour Crisis As Teenagers Abandon After-School Jobs [zero hedge]
Dine Brands Global, Inc. (DIN)
Last dine brands global, inc. earnings: 4/29 08:00 am
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US:NYSE Investor Relations:
investors.dineequity.com/news-releases
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Source: zero hedge
Though it might sound counter-intuitive, the minimum wage hikes that are happening across the US in 2019 aren't the biggest employment-related threat to the restaurant industry and its bottom line. A bigger problem - surprisingly enough, given all the talk about automation displacing low-skilled workers - is a lack of willing employees.According to Bloomberg, fast food restaurants are resorting to unorthodox and creative methods to try and boost hiring as fewer teens enter the job market and wage hikes at several big-box retailers - including Wal-Mart, Amazon and Target - combined with near-record-low unemployment make low-paid food service work seem unattractive by comparison.Since 1968, teenage employment has plunged, with even young legal adults avoiding work as many enroll in college (perhaps because the debt burden being incurred seems so insurmountable, that it makes more sense to focus exclusively on school to try and boost their post-grad earning potential).Ironically, while i
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DIN
News
- Positive Signs As Multiple Insiders Buy Dine Brands Global Stock [Yahoo! Finance]Yahoo! Finance
- Is Dine Brands Global (DIN) Stock Undervalued Right Now? [Yahoo! Finance]Yahoo! Finance
- Dine Brands Global, Inc. to Release First Quarter 2024 Earnings on May 8, 2024 [Yahoo! Finance]Yahoo! Finance
- Dine Brands Global, Inc. to Release First Quarter 2024 Earnings on May 8, 2024Business Wire
- Applebee's® Named Official Grill + Bar of the National Football League [Yahoo! Finance]Yahoo! Finance
DIN
Earnings
- 2/28/24 - Beat
DIN
Sec Filings
- 4/9/24 - Form 4
- 4/9/24 - Form 4
- 4/9/24 - Form 4
- DIN's page on the SEC website