Pandemic Effects on Funding, Growth and People – Plus Predictions for 2024
Modern Restaurant Management
DECEMBER 29, 2023
Predictions show by 2040, the United States will have over six million fewer working-age people than in 2022. In 2022, the average tenure for an employee in food service was about 1.9 More baby boomers than normal retired during the pandemic, and the American workforce is shrinking. In 2013, the average turnover rate was 62.4%.
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