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Managers make $175k as laws and shortages push fast-food salaries to six figures

• laweijfmvo 2y ago
  > As for Raising Cane’s, its CEO Kumaran told CNBC that the business is doing just fine with the mandated change in pay, as bolstered by its cult following which is willing to pay a bit more for its product. Last year, the franchise raised wages to an average of $19.50 hourly, Kumaran told Yahoo Finance. "Once you take care of people, the business will pay for itself,” he said. And Kumaran’s words echo today, as he notes the franchise has seen almost a positive retention rate and a “10% improvement in turnover” since the wage increase. Then why wait for California to force them to pay more?
• joezydeco 2y ago
  "She’s also eligible for bonuses of up to $7,500 monthly for reaching certain goals—for an annual take of $175,000 in the best of circumstances." Let me tell you how often those "best of circumstances" happen in the restaurant business. I worked for a franchised burger joint in my youth and they were telling the managers the same thing back then. And, mysteriously, they always fell short of the necessary goals.