Texas fast-food chain paying teenagers $50,000 salaries to manage restaurants amid labor shortage

Will Kreznick

A Texas fast-food restaurant chain is shelling out $50,000 salaries for teenagers and adults in their early 20s to manage its restaurants as executives struggle to find qualified workers amid a nationwide labor shortage. Garrett Reed, CEO of Layne’s Chicken Fingers, said a downturn in the labor market stymied his […]

A Texas fast-food restaurant chain is shelling out $50,000 salaries for teenagers and adults in their early 20s to manage its restaurants as executives struggle to find qualified workers amid a nationwide labor shortage.

Garrett Reed, CEO of Layne’s Chicken Fingers, said a downturn in the labor market stymied his company’s growth and forced him to dish out large salaries for workers who would make about $12 hourly in entry-level roles after promoting them to managerial positions.

“The biggest challenge for small companies to grow right now is your labor force,” he said. “We’d be growing at twice the rate if we had more people.”

JOB OPENINGS SOAR TO RECORD HIGH 9.3 MILLION, RAISING FEARS OF LABOR SHORTAGE

“There’s only so much I can pay and remain profitable without raising prices too much,” he added.

He continued: “We’re so thin at leadership that we can’t stretch anymore to open more locations. I’ve got a good crop of 16- and 17-year-olds, but I need another year or two to get them seasoned to run stores.”

Job openings soared to a record high at the end of April, the Labor Department revealed on June 8, inflating fears around the nationwide drop in workers. The number of available jobs rose from about 1 million to 9.3 million, the highest number since the agency began tabulations in 2000.

CLICK HERE TO READ MORE FROM THE WASHINGTON EXAMINER

Some experts argued President Joe Biden’s initiative to grant an additional $300 in weekly unemployment aid has left some in a position where staying home is more lucrative than finding a low-paying job. At least half of the states in the country have moved to or are planning to eliminate Biden’s extra unemployment funds to ease the effects of the labor problem.

The federal government’s $300 payment has been added to what a resident already receives from his or her state government. The average total weekly unemployment earnings, including money from Washington, is about $687.

Washington Examiner Videos

Tags: News, Texas, Labor, Workers, Restaurants, Economy, Unemployment, Joe Biden, Biden Administration, Videos

Original Author: Jake Dima

Original Location: Texas fast-food chain paying teenagers $50,000 salaries to manage restaurants amid labor shortage

Leave a Reply

Your email address will not be published. Required fields are marked *

Next Post

Over 30 Food and Beverages in Lancaster County This Summer | Food

After parking my ass at home for 15 months, the word “going for a bite” has taken on a new meaning. What was thought to be a daily pit stop may now feel special. After eating and sipping Lancaster County for a few weeks, I have a clear and obvious […]