Restaurant workers increasing share of income from tips

From Gratuity to Gravity, the Rising Impact of Tips

An increasing share of restaurant worker income comes from tips (Square Payroll Index, 2024): The restaurant industry is about 10% of the total U.S. workforce, and the majority of its 12.4M workers rely on tips for significant income. These tips are becoming a larger share of restaurant worker income, but they are also more volatile due to changing consumer behavior and economic downturns.

By Mission Flywheel, ago
Labor Productivity Growth Surges in the US

Labor productivity surges while Amazon ends WFH

US labor productivity has soared in the last five years, far more than other countries. The U.S.’s comparative advantage in technology likely played a key role. Other factors include a more flexible labor market, stronger investment in innovation, and a robust government stimulus that helped fuel a faster post-pandemic recovery.

By Mission Flywheel, ago