Foodservice Equipment Reports
The CBO found that raising the federal minimum wage from its current $7.25 an hour to $15 an hour “would likely” eliminate roughly 1.3 million jobs and potentially as many as 3.7 million.
Nation's Restaurant News
Starbucks Corp. continues to push its coffee delivery and retail presence in China with the opening of the company’s first express café — known as Starbucks Now — in Beijing, China that focuses on Starbucks mobile order and pay and delivery customers.
Growth in the national economy slowed during the first half of 2019. Job growth averaged just 172,000 a month during the first six months of 2019, which was down from an average monthly gain of more than 223,000 jobs during 2018. In addition, consensus forecasts have U.S. gross domestic product (GDP) rising less than 2 percent during the second quarter, which would make the first half expansion the weakest two-quarter growth in more than a year.