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The restaurant industry can be a stressful environment and faces a high turnover rate. Create standards and set expectationsEstablishing values at your restaurant is key, said Ravi Kapur and Kevin Keovanpheng, co-chefs at the San Francisco restaurant Good Good Culture Club. "This is what we're doing right now, but we're also aware that it might change," said Kapur, who is also the owner of Good Good Culture Club. Ravi Kapur, left, the chef and owner of the Good Good Culture Club, and Kevin Keovanpheng, right, the head chef at Good Good Culture Club. It's also important for managers to show appreciation in specific and unexpected ways to make sure employees know that they're being seen.
Persons: , It's, Ravi Kapur, Kevin Keovanpheng, Keovanpheng, it's, we're, Kapur, Zia Sheikh, Sheikh, Lissa Bowen, Tim Bowen, Bowen Organizations: Talent, Service, of Labor Statistics, San, Good Good Culture Club, Good Culture, Good Culture Club, Good Good Culture, overcommunication Locations: San Francisco
It's the fourth time Chipotle has raised prices in the last two years. The increase meant some customers would pay more than $1 more for their entrees once the price increase took effect in August of the same year. Months before that, in the first quarter of 2022, Chipotle raised its prices by 4%. And Chipotle lovers sounded off in the comment section of a viral TikTok on "the downfall of Chipotle" in July. They recalled a time when their chicken burrito bowl only cost $7.99 — and longed for a taste of a Chipotle burrito from 2011.
Persons: It's, Chipotle, , Laurie Schalow Organizations: Service, US Bureau of Labor Statistics, Bell Locations: Brooklyn
Seoul/Hong Kong CNN —When Hwang Ji-sun, 52, first joined the assembly line at South Korean carmaker Hyundai 22 years ago, women like her had it tough. A wider problemDespite the incremental improvements, South Korea still has widespread problems of gender-based exclusion and low pay, researchers say. Gita Gopinath, first deputy managing director of the International Monetary Fund (IMF), has proposed South Korea adopt new measures to help keep women in the workforce. Making childcare more affordable, lowering the number of working hours or allowing more flexible arrangements is key, she told a South Korean forum last September. In a culturally conservative society like South Korea, much more needs to be done to change perceptions about women in male-dominated professions, according to Hwang.
Persons: Hong Kong CNN —, Hwang Ji, Hwang —, , Jung Sungmi, Hwang, Yasuyoshi Chiba, PIIE, Gita Gopinath, Roh Helena, Organizations: Hong Kong CNN, Hyundai, Korea Metal Workers ’ Union, CNN, , Economic Co, Development, Korean Women’s Development, Getty, US Bureau of Labor Statistics, country’s Ministry of Employment, Labor, Peterson Institute for International Economics, International Monetary Fund, South, , Korean Women Workers Association, Hyundai Motor Locations: Seoul, Hong Kong, South Korea, Ulsan, United States, Turkey, India, Indonesia, AFP, South, Korea, South Korean
Sign-on bonuses, higher pay, and paid family leave are on offer with some government jobs. Listings offer an average of 20% higher pay compared to last year, The Wall Street Journal reported. Many are offering higher pay, sign-on bonuses, and paid family leave, The Wall Street Journal reported. Oklahoma is poised to pay out teachers bonuses of between $15,000 and $50,000 to about 530 recently recruited teachers, according to NPR affiliate KOSU. For some, paid family leave can help maintain that balance, and government employers seem to be taking note.
Persons: , KPIX, Katie Hobbs Organizations: Street Journal, Service, FRED Economic, US Bureau of Labor Statistics, Customs, Alameda Police Department, NPR Locations: Polk County , Florida, Tampa, California's Bay, Oklahoma, Arizona
Los Angeles CNN —On what is usually the first Friday of every month, the US Bureau of Labor Statistics releases its Employment Situation Summary, or monthly jobs report, formally known as the “nonfarm payroll” report. Many farm workers are seasonalBut why does this key employment report only tally “nonfarm” workers? However, despite the “nonfarm” nomenclature, a growing share of farm workers does make it into the BLS job report tally. Historically, the job of counting farm workers falls to the US Department of Agriculture due to its relationships with farms across the country. But farmers aren’t the only workers the jobs report excludes: Elected officials, domestic workers, some members of the clergy and people in many other nontraditional professions are also left behind in the official jobs report data.
Persons: nonfarm, won’t, Erica Groshen, Groshen, , Organizations: Los Angeles CNN, US Bureau of Labor Statistics, BLS, Unemployment Insurance, Bureau of Labor Statistics, US Department of Agriculture, USDA
Hawaii is the most expensive place for single people to live in the US, an analysis found. Single people need an annual paycheck of $112,411 to make a living wage in the state, per the data. The study used survey data from the Bureau of Labor Statistics to calculate the cost of annual necessities for a single person state by state. New YorkLiving wage for a single person: $73,226AdvertisementAdvertisementOlympic Tower, New York City. AlaskaLiving wage for a single person: $71,570
Persons: Coyright Roy Prasad, Barry Winiker Organizations: Morning, US Bureau of Labor Statistics, Mississippi, Bureau of Labor Statistics, Hawaii, Massachusetts, DenisTangneyJr, California, Getty, New York, Alaska Locations: Hawaii, Massachusetts, San Francisco , California, , New York City
For people on Maui and across the US, climate change is making the affordable housing crunch even worse. “This is why they have been building these affordable housing buildings. It is a safe place, but it doesn’t feel like home.”Affordable housing picture on Maui was already ‘pretty grim’For people on Maui and across the US, climate change is making the affordable housing crunch even worse. But not fires damaging buildings and taking lives.”“The affordable housing picture was pretty grim on Maui even before the fire,” he said. “There was more than one kitchen, more than one family living there.”These types of cobbled-together solutions to affordable housing are now gone, as are other recent hard-won affordable housing projects.
Persons: Josh Green, Hannah Harris, Tony Ellett, , Harris, , ” Harris, Ellett, Jae C, Shantal Catanach, Keanu, ” Catanach, she’s, Stan Franco, Franco, , Diane Yentel, ” Yentel, Yentel, Hurricane Sandy, Sandy, Peter Niess, Justin Sullivan Organizations: DC CNN, Urban Institute, UN, University of Hawaii’s Economic Research Organization, US Bureau of Labor Statistics, NOAA National Centers for Environmental, Joint Center for Housing Studies, Harvard University, Income Housing Coalition, Federal Deposit Insurance Corporation, Hurricane, Maui Architectural Locations: Washington, Maui, Lahaina, Catanach, Maui County, Hawaii, Corelogic, Maui –, Lahaina , Hawaii
Minneapolis is the first major metropolitan area to have inflation rates below the Fed's 2% target. According to Bloomberg, Minneapolis hit the goal in May with an inflation rate of 1.8%. The rate is likely due to aggressive legislating to address soaring housing costs in the city. While Minneapolis residents spent 39.9% of their monthly income on housing costs, their co-parts in San Francisco paid 46.7% of their monthly income to housing; residents of Boston shelled out a whopping 60.7% of their income for housing costs, per Bloomberg. People ideally would spend around 30% of their income on housing, senior vice president of the National Low Income Housing Coalition Andrew Aurand, told CNBC.
Persons: Income Housing Coalition Andrew Aurand, Ron Feldman Organizations: Bloomberg, Service, US Bureau of Labor Statistics, Minneapolis, CNBC, Income Housing Coalition, Minneapolis Fed Locations: Minneapolis, Wall, Silicon, San Francisco, Boston, New York City, Itasca
Inflation is cooling, but food prices remain stubbornly high, led by typical school lunch supplies. Groceries like bread, ham, lettuce, condiments, apples, and juice cost up to 15% more than last year. The lunchbox price increases are even more striking when compared against 2020: Bread prices alone have risen nearly 30%. That has sent wheat prices higher, which in turn raises prices that consumers pay, economist Paul Krugman noted. At the same time, many reported increased profits, a sign that the higher prices weren't always about offsetting higher costs for inputs like ingredients and labor.
Persons: Paul Krugman, Nestle Organizations: Service, US Bureau of Labor Statistics Locations: Wall, Silicon, Ukraine
Undergraduate enrollment in petroleum engineering is down 75% since 2014, WSJ reported. That's despite the fact that the average petroleum engineering grad makes 40% more than a computer science grad. Heinze told the Journal of Petroleum Technology that over 90% of petroleum-engineering students at Texas Tech have jobs right after graduation. But when it came to picking which career paths were most attractive, the Gen Zers surveyed ranked finance as the most promising industry regarding career prospects. Education was ranked the second-most popular industry when it came to career prospects, and STEM, which includes engineering, was ranked fifth.
Persons: That's, Lloyd, Young, Heinze, Zers Organizations: Morning, Petroleum, Street Journal, Texas Tech University, University of Oklahoma's, Louisiana State University and Colorado School of Mines, Department of Education, US Bureau of Labor Statistics, Colorado School of Mines, Journal of Petroleum Technology, of Petroleum Technology, Texas Tech, CFA Institute, Education
The average salary in the US is $60,575, but you can make $125,000 managing a car wash at Buc-ee's. As of 2022, about 14,200 individuals were employed in this field and the mean annual salary was $70,290 , or an average of $33.79 an hour. According to recent information from Salary.com , bingo managers can earn between $51,965 and $112,599 a year, with a mean salary of $70,241. In 2022, the US Bureau of Labor Statistics listed the mean annual salary for truck drivers as $53,090, or $25.52 an hour. The mean annual salary is $81,530 , or $39.20 an hour, and 38,380 individuals were employed in this role in 2022, according to data from the US Bureau of Labor Statistics.
Persons: Joe's Topping, Joe's, there's Organizations: Service, Social Security Administration, US Bureau of Labor Statistics, Bureau of Labor Statistics, Walmart, Technologists Locations: Wall, Silicon, United States
However, the BLS noted in the data that actors aren’t paid full-time year-round due to the nature of the job. Screen Actors Guild members and supporters on a picket line in Times Square in New York, US, on Friday, July 14, 2023. Yuki Iwamura/Bloomberg/Getty ImagesBefore the contract between actors and movie studios officially expired this week, SAG-AFTRA members had negotiated specific minimum rates for performers. For example, an actor who worked on a television show for one week was paid a minimum of $3,756. According to Shaan Sharma, an actor and SAG-AFTRA board member, just 12.7% of SAG-AFTRA members qualify for the union’s health plan.
Persons: they’ve, Meryl Streep, Matt Damon, Fran Drescher, you’re, aren’t, Yuki Iwamura, Kellee Stewart, , , Dwayne “, ” Johnson, Forbes, Johnson, Cruise, Tom Cruise, Barry Diller, , ” Diller, “ I’m, Shaan Sharma, Rod McLachlan, it’s, ” McLachlan, Chris Pizzello, ” Stewart, Stewart, “ There’s, Bob Iger, , Iger, Netflix’s, Ted Sarandos, Greg Peters, “ Rather, AFTRA, Kevin Klowden, Klowden, Natasha Chen Organizations: CNN, SAG, Hollywood, Hollywood’s, Guild of America, US Bureau of Labor Statistics, BLS, Guild, Bloomberg, Getty, Forbes, Variety, CBS, Sunday, Paramount, Netflix, Twitter, Disney, CNBC, Walt Disney Studios, The Alliance, Television Producers, Paramount Pictures, Sony Pictures, Apple, Warner Bros, Milken Institute Locations: California, New York, Los Angeles, London, Australia, New Zealand
Astrid Buffett was heard at "summer camp for billionaires" complaining about $4 coffee, the New York Post reports. US coffee shops charge an average of nearly $5 per cup of coffee, according to a previous Insider report. Astrid's husband, Warren Buffett, is known to be frugal. At the so-called "summer camp for billionaires," 77-year-old Astrid Buffett was heard complaining about having to pay $4 for a cup of coffee, the Post said. Warren Buffett and his second wife, Astrid, have been married since 2006.
Persons: Astrid Buffett, Warren Buffett, Buffett's, Berkshire Hathaway, Bill Gates, Buffett, Astrid, Astrid Menks, Warren Organizations: New York Post, Allen, Berkshire, Oracle, Post, NPD Group, US Bureau of Labor Statistics Locations: Sun Valley , Idaho, griping, Omaha, Sun Valley, Sun
Average 30-year mortgage rates are now the highest they've been since November 2022, when they topped 7% for the first time since 2002, according to Freddie Mac data. See more mortgage rates on Zillow Real Estate on ZillowMortgage CalculatorUse our free mortgage calculator to see how today's mortgage rates would impact your monthly payments. 30-year Fixed Mortgage RatesThe current average 30-year fixed mortgage rate is 6.81%, according to Freddie Mac. 15-year Fixed Mortgage RatesThe average 15-year fixed mortgage rate is 6.24%, up from the prior week, according to Freddie Mac data. But average 30-year fixed rates will likely remain somewhere in the 6% to 7% range throughout 2023.
Persons: Freddie Mac, there's, you'll Organizations: US Bureau of Labor Statistics, Federal Reserve, Zillow Locations: Chevron
When inflation was at its peak last summer, Michael Burry predicted it would fall within months. The "Big Short" investor was right, as price growth has slowed from 9.1% last June to 4% in May. In contrast, Burry's warnings of a historic stock-market crash and a recession are yet to pan out. The bold call from the investor of "The Big Short" fame is looking mightily prescient, but a few of his other forecasts are yet to come true. The investor highlighted some of his greatest hits in a now-deleted tweet last summer:"Just getting one thing right is hard.
Persons: Michael Burry, , Burry, disinflation, He's, of Labor Statistics Burry Organizations: Service, Index, Twitter, of Labor Statistics, Scion
$104,400 is a "low" income in San Francisco County, according to California's housing department. Such a salary classes as a "low'" income in San Francisco County, according to California's Department of Housing and Community Development. In San Francisco County, the median income for a one-person household is listed as $122,500, per California's housing department. Making $18,400 a year is an "acutely low" income, $39,150 is "extremely low," $65,350 is "very low," and $104,400 is "low." Marin County, which is directly north of San Francisco County, and San Mateo County, to the south, both have the same income limits.
Persons: Organizations: Service, California's Department of Housing, Community, Fox Business, US Department of Housing, Urban, Survey, Stanford University, San, US Bureau of Labor Statistics, Census Locations: San Francisco County, Mississippi, San Francisco, Marin County, San Mateo County, Santa Clara, Jose, Google's, Palo Alto, New York City, Jersey City, San Francisco's
But what does the Fed mean when it talks about labor markets and their impact on inflation? What’s happening: At its most basic level, labor productivity is a measure of the value of the goods and services produced by a company compared with the amount of labor used to produce that output. Labor productivity decreased 2.1% in the first quarter of 2023, the US Bureau of Labor Statistics reported earlier this month. The silver lining: The good news is technological innovations typically drive upturns in productivity and AI could be such an innovation. Absolutely not,” Yellen said, echoing the joint statement leaders from the Group of Seven made at last month’s summit in Japan.
Persons: Lisa Shalett, , Lisa Cook, Joseph Brusuelas, Sundar Pichai, aren’t, Jeffrey Sonnenfeld, Richard Blumenthal, , Doug McMillon, Roger McNamee, Steven Spielberg, Vito Corleone, Janet Yellen, ” Yellen, Elisabeth Buchwald, Yellen, Biden Organizations: CNN Business, Bell, New York CNN — Federal Reserve, Morgan Stanley Wealth Management, Fed, Labor, US Bureau of Labor Statistics, BLS, McKinsey Global Institute, Federal, RSM US, of America, Google, Yale School, Management’s, Leadership Institute, Walmart, Technology, Financial, International Monetary Fund, Inter, American Development Bank group’s, African Development Fund, IMF Locations: New York, United States, Michigan, Connecticut, China, Japan
Aldi UK will be turning off lights across all of its store locations this month. The move follows a trial earlier this year, in which the discount retailer tried turning off some lights in four stores, according to The Telegraph. Initially founded in West Germany, Aldi has since expanded outside of its founding country to the tune of more than 12,000 stores across the US, UK, France, and Australia. Cutting down on energy costs is not exactly new in Europe, as energy prices have risen due to the war in Ukraine. Update: June 13, 2023 — This story was updated to clarify the lights aren't being turned off in Aldi's US stores.
Persons: Organizations: Aldi, Service, . Discount, Telegraph, The Telegraph, Aldi UK, European Central Bank Locations: West Germany, France, Australia, Europe, Ukraine, Germany, Austria, Portugal, Denmark
Home flips are generating more profit but on fewer properties, according to Toorak Capital Partners. The investors, Beacham said, just have to be pickier. Investors are far more discriminating of the limited inventory because they see their own costs rising, Beacham said. Flippers have to be more mindful of the slowdown in home price appreciation, or home price declines, too. To be sure, some of the risks for flippers have eased, according to Beacham.
Persons: , John Beacham, Beacham, Aria Khosravi, who's, Alan Blue, Insider's Kathleen Elkins, Topping, Khosravi Organizations: Toorak Capital Partners, Service, Toorak, KKR, Investors, US Bureau of Labor Statistics Locations: Toorak
Aldi will be turning off lights across all of its store locations this month. The move follows a trial earlier this year, in which the discount retailer tried turning off some lights in four stores, according to The Telegraph. Initially founded in West Germany, Aldi has since expanded outside of its founding country to the tune of more than 12,000 stores across the US, UK, France, and Australia. Cutting down on energy costs is not exactly new in Europe, as energy prices have risen due to the war in Ukraine. Around 800 bakeries in Germany went dark in September 2022, while still serving customers, to protest rising power cost.
Persons: Organizations: Aldi, Service, Telegraph, The Telegraph, European Central Bank Locations: West Germany, France, Australia, Europe, Ukraine, Germany, Austria, Portugal, Denmark
More customers are opting to pick up their orders from restaurants to avoid high delivery fees. Online orders account for nearly half of Dickey's sales, and she said third-party delivery orders as a proportion of these were down by 6.8% over the past year. Free delivery directly from the Dickey's website now made up 6% of sales, up by a fifth over the past year, Dickey added. To get the same thing delivered via Pizzeria Uno's website, which outsources it to DoorDash, the total is $22.98, including a $7.75 delivery fee. Prices for a cheese and tomato pizza on Pizzeria Uno's site for delivery via Doordash, Grubhub, and for collection.
Persons: DoorDash, Uber, , Erik Frederick, , I'm, Laura Rea Dickey, Dickey, Steve Heeley, Chris Kempczinski, Uno's Frederick, We've, Kempczinski, Gunther Plosch Organizations: Uno, Service, US Bureau of Labor Statistics Locations: Dickey's, Revere , Massachusetts, Arizona , Colorado , Indiana, Texas
Walmart prides itself on offering "everyday low prices" no matter the economic environment. Executives said in a recent earnings call that they want to retain shoppers through convenience. This isn't the first time Walmart, which prides itself on "everyday low prices," has talked about the importance of higher-income shoppers to its bottom line. But the brand's low prices and penchant for discounting — or in Walmart parlance, rollbacks — have also historically attracted lower-income shoppers. Yet, as food inflation remains "stubborn," per McMillon, higher-income shoppers looking to save a few bucks have stuck with the Bentonville, Arkansas-based retail giant.
Kit Kat Cereal is hitting US shelves
  + stars: | 2023-05-01 | by ( Ramishah Maruf | ) edition.cnn.com   time to read: +2 min
General Mills is betting a lot of people do, as it is launching Kit Kat Cereal nationwide beginning this month at $5.69 for a standard-size box. A limited edition Spider-Verse Cereal – red “spiderberry” puffs with blue and white marshmallows – will be selling for a less expensive $2.99 in stores. General Mills is also launching miniature Lucky Charms and Cocoa Puffs, adding to its miniature Trix, both of which are priced at $5.69. They could either be eaten dry or be mixed in with cold water to create instant milk and cereal. Cereal sales surged to over $9 billion in 2020 or up 9% from 2019, as millions worked from home, according to data from NielsenIQ.
A Redfin report found that 30% of Gen Zers owned homes at age 25 in 2022. Gen Zers were greeted by a stronger labor market as they established their careers. So how did Gen Z gain the competitive edge? It all comes down to a healthy labor market, Daryl Fairweather, the chief economist at Redfin, told Insider. "It has a lot to do with the timing of when Gen Z entered the labor market versus when millennials did," Fairweather said.
Here’s what you should know about intersectionality – what exactly it means, and why it matters. Co-founder and executive director of the African American Policy Forum Kimberlé Crenshaw coined the phrase intersectionality in 1989. As part of that larger movement, terms like intersectionality and intersectional feminism became much more prevalent in left-leaning circles. People practice Judaism differently, and thus different sects may face different problems. In that group alone, there may be LGBTQ+ men, men from lower economic backgrounds or men with disabilities.
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