While the great resignation has posed a threat to the stability of businesses across the U.S., it may also be a chance for workers to gain more favorable compensation and benefits.
A record high of one million restaurant and hospitality workers quit their jobs at the end of last year, according to the Bureau of Labor Statistics. Within the industry, many of these workers do not receive a livable wage, which is estimated to equate to an average of $67,690 per year in the U.S. by personal finance resource GoBankingRates. Waiters stand to make as little as $17,000 a year, as reported by the BLS, with limited or non-existent PTO and benefits.
