High inflation and the money-making opportunities it's created have driven workers back to the restaurant industry, Danny Meyer said, acknowledging that inflation and price increases are serious concerns for consumers, despite advantages it gives workers
High inflation and the money-making opportunities it's created have driven workers back to the restaurant industry, Danny Meyer told CNBC's Jim Cramer on Tuesday.
"If you do have a tipping model in your restaurants, servers are making more money than they've ever made before," the restaurateur said in an interview on"Mad Money." High inflation and the money-making opportunities it's created have driven workers back to the restaurant industry, Danny Meyer told CNBC's Jim Cramer on Tuesday.
"There's no question that menu prices are higher than they've ever been. But guess what that translates to – if you do have a tipping model in your restaurants, servers are making more money than they've ever made before," the restaurateur said in an interview on"The Union Square Hospitality Group founder added that the company's restaurants give a cut of their revenue to cooks since they are in non-tip eligible positions.
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