3 Restaurants That Could See Labor Pressure From Amazon’s Wage Increase

Posted by Jayson Derrick

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E-commerce giant Amazon’s announcement that it will pay each worker at least $15 per hour could impact the restaurant sector, which is seeing 4-5-percent wage inflation, increased levels of turnovers and a tight labor market, according to Bank of America Merrill Lynch.

Analyst Gregory Francfort speculated on which restaurant stocks could be most impacted by Amazon’s wage hike in a Tuesday note…. CLICK for complete article

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