Josh Demidovich’s Post

Massachusetts has 55,000 Uber drivers and 35,000 Lyft drivers that will start receiving $32.50/hr minimum wage Still below a livable wage ($42.26) in Massachusetts Will Uber and Lyft respond by controlling hours or implementing other cost savings measures? One thing is for certain and that is the cost to the consumer will be going up! #labor #workforce #automation

77% of Gen Zers prioritize work-life balance 70% of Gen Zers prioritize pay/salary as a top aspect they want from their next job Assuming there were enough people to work barista, QSR, hospitality jobs etc. (HINT: There isn't no matter what headline you read) They couldn't afford to live on the wages being paid If wages go up, consumer prices go up (You can't outmaneuver economics) Automated kiosks that require <2 hours of labor per day, in non traditional locations, are the common sense solution Every non traditional food service operator/manager in the US should already be adopting kiosks at scale or they setting the business they work for up for failure #kiosks #automation #cafe #foodservice #hospitality

Longer wait times, reduction in operating hours, no offering at all Common themes when organizations try to offer coffee and other options for employees and guests at their locations.

The question often arises: Why the ongoing fees for kiosks? Advanced kiosks, delivering fresh food/beverage products, are akin to purchasing IT hardware and maintenance contracts. Customers engage through an upfront kiosk purchase/placement, with ongoing fees (rev share % or fixed $) to uphold the technology ecosystem. In this space, most kiosk companies don't profit enough from the kiosk sale alone; ongoing fees are vital for sustained support. Without them, customers depend on the company's new kiosk sales to stay in business A risky scenario. Charging appropriate ongoing fees is crucial for a sustainable business model, safeguarding customers from potential risks. #automation #kiosks #fresh #businessmodels

Really interesting Starbucks automation application South Korea and other areas of the world have automation figured out and the US is so far behind in adoption despite the consumer pains everyone is experiencing This is a great example of automation providing a new in store experience Check out Robojo Coffee as the right platform to put any coffee bean in a non traditional location #automation #coffee #nontraditionallocations #airports #hospitals #universities #militarybases

According to Resume Builder, 9% of business leaders polled said they plan to institute a six-day workweek by 2025 11% are planning a four-day workweek by 2025 In today's labor market it seems crazy to me that any company is thinking about a mandatory 6 day work week #labor #trends #culture

According to an Iron Chef alum, the No. 1 problem that’s keeping menu prices high is LABOR No surprise here because it isn't just the lack of labor It is turnover and wasted training The food and beverage space will be forced to automate, especially in QSR and non traditional locations Check out Robojo Coffee if you are looking for a way to automate high quality coffee offerings in your university, hospital, casino, airport, or military base

Network assistance needed Do you know any company in Columbus, Ohio or surrounding areas that has internships opportunities still available for this summer? There is a bright young person majoring in finance/economics who played collegiate sports looking If so, please DM me so I can connect the dots for them Thanks so much! #internships #summer #columbus #ohio

Beginning July 1 2024, salaried workers earning less than $43,888 a year will qualify for 1.5 times pay if they work more than 40 hours a week That is a 23% increase from the current threshold The threshold will expand to $58,656 on Jan. 1, 2025 That is a 65% increase from the current threshold Amongst other industries, this is a huge deal for managers in the QSR, retail, and overall hospitality space I predict this change combined with minimum wage increases will continue to drive up menu prices across the country #economics #pricing #consumers #QSR #fastfood