Higher Wages Are Brewing At Starbucks. How Could This Help Investors?
The unexpected surge in consumer demand following the depths of the pandemic has led to supply chain bottlenecks, commodity constraints, and production delays. As a direct result, inflation is one of the hottest topics on investors' minds today.
Many companies, including restaurant giant Starbucks (NASDAQ: SBUX), are also dealing with labor shortages, a significant problem given how important workers are. The large-cap business is responding to the issue by raising wages in the hopes of retaining and attracting an adequate workforce. Here's why this could benefit shareholders as well.
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Source Fool.com
