Forget the Fight for $15! Head straight to a management position (in certain areas) at Taco Bell and you can be making $100,000 a year. Bloomberg reports:
The Yum! Brands Inc.-owned chain will test the higher salary in select restaurants in the U.S. Midwest and Northeast, and will also try a new role for employees who want leadership experience but don’t want to be in the management position. Current salaries for general managers at company-owned Taco Bell stores are between $50,000 and $80,000, according to the company.
The unemployment rate nationally is the lowest it’s been in 50 years, forcing wages higher even in entry level jobs.
It’s another example of how stubbornly low unemployment is changing the face of fast food, which for decades has been seen as the quintessential low-wage job. Restaurants including Olive Garden owner Darden Restaurants Inc. and Shake Shack Inc. have recently called out labor inflation that’s hurting margins.
In November, the unemployment rate fell to 3.5%, matching the lowest since 1969, while average hourly earnings climbed and exceeded projections.
Tell us more about how this great economy isn’t great for EVERYONE, Democrats.