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The restaurant industry in the United States is large and quickly growing, with 10 million workers. 1 in every 12 U.S. residents work in the business, and during the 2008 recession, the industry was an anomaly in that it continued to grow. Restaurants are known for having low wages, which they claim are due to thin profit margins of 4-5%.
The United States restaurant industry was projected at $899 billion in sales for 2020 by the National Restaurant Association, the main trade association for the industry in the United States. [1] [2] An estimated 99% of companies in the industry are family-owned small businesses with fewer than 50 employees. [3]
Nearly 3.5 million parents work in the restaurant industry and more than 1 million of those are single mothers, 40% of whom live in poverty, according to a 2016 report by the National Women’s ...
Some restaurant operators have reconsidered their business models during Covid, with the goal of offering workers more benefits, consistency and transparency. Israel and Bonnie Morales of Kachka ...
The restaurant industry was hit first and worst when COVID-19 closed the economy. According to the National Restaurant Association, businesses laid off or furloughed 8 million hospitality workers ...
In 2015 the United Kingdom hospitality industry employed around 2.9m people – around 9% of the UK workforce. [12] By employment, it is the UK's fourth-largest industry. The most jobs in the industry are found in London (around 500,000) and South East England (around 400,000); 18% of workers in the UK industry are in London. There are around 1 ...
Industry journal Restaurant Business in late July of 2020 listed some of the oldest independent restaurants in the country that had permanently closed, including Louis' Restaurant in San Francisco, which opened in 1937, John's Famous Stew (Indianapolis, 1911), Jules Maes Saloon (Seattle, 1888), and Santa Fe Basque (Reno, 1949). [43]
The Wilmington area is home to more than 1,000 restaurants, many of which are locally owned. That means hundreds of business owners and thousands of employees rely on this industry for their ...
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