Food Services Shifts Reflect Larger Market Trends

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Accommodation and food services and more broadly the leisure and hospitality sector has had a difficult past two years. The pandemic rocked the industry, forcing restaurants to close their doors for months on end, and leaving millions of workers without a job. Restrictions eventually eased and many workers returned to the industry, but consumers did not immediately follow. 

Consumers were still apprehensive to return to in-person dining, so spending did not recover from the initial pandemic shock until early 2021. Once it did, earnings for leisure and hospitality workers started rising quickly. 

The Turnover Industry

Rapidly rising wages

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