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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%.
[1] [2] An estimated 99% of companies in the industry are family-owned small businesses with fewer than 50 employees. [3] The industry as a whole as of February 2020 employed more than 15 million people, representing 10% of the workforce directly. [1] It is the nation's second largest private employer and the third largest employer overall.
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 ...
"The restaurant industry is the nation's second largest private sector employer. Through December, restaurant industry employment was still down by over 650,000 positions — that's well over a 5% ...
Here are the top 20 best chain restaurants in the US: Emmie Martin, Tanza Loudenback, and Kaitlyn Yarborough contributed reporting to an earlier version of this article. More from Business Insider:
Following the rise of fast food and take-out restaurants, a retronym for the older "standard" restaurant was created, sit-down restaurant. Most commonly, "sit-down restaurant" refers to a casual- dining restaurant with table service , rather than a fast food restaurant or a diner , where one orders food at a counter .
The food industry is a complex, global network of diverse businesses that supplies most of the food consumed by the world's population. The food industry today has become highly diversified, with manufacturing ranging from small, traditional, family-run activities that are highly labour-intensive, to large, capital-intensive and highly ...
It runs an annual restaurant and hospitality industry trade show in the US, in Chicago, and conducts research about the country's restaurant industry. [15] For instance, it states that the restaurant industry in the US in 2021 employs 14.5 million Americans (up from 12.5 million in 2012), with sales in 2021 at $799 billion (up from $632 billion ...