Taco Bell’s $100,000 salary test could help raise wages in fast food –

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Restaurant industry insiders say the cost of labor is once again a top concern in 2020, as many companies struggle to retain workers and keep up with rising wages. CEOs of TGI Fridays and Olive Garden’s parent company said that labor-related issues are top challenges in 2020 at the ICR Conference in Orlando, Florida on Monday. Experts said that chains responding by raising wages — such as Taco Bell testing a $100,000 manager salary — could help create a “domino effect” of higher pay across the industry. Industry insiders also cautioned that higher wages could result in fewer jobs and hours for workers. Sign up for Business Insider’s retail newsletter, The Drive-Thru, to get more stories like this in your inbox.Visit Business Insider’s homepage for more stories.ORLANDO, FLORIDA — Restaurant industry experts and executives
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