4 ms·
Here is a mix of things likely to when there is a shift in the economic equilibrium for labor. This is true for all industries and not just the restaurant indus
by pg_bot 9y ago
Here is a mix of things likely to when there is a shift in the economic equilibrium for labor. This is true for all industries and not just the restaurant industry.
- Increase wages/benefits of workers (increased prices for customers)
- Substitute capital for labor (buy more machinery)
- Increase the supply of workers by training new people
- Close unprofitable businesses