Americaâ€™s restaurants are under pressure. This year has witnessed increasing labor and commodity costs paired with waning consumer spending. Wholesale food prices have jumped 15 percent since 2006. Julyâ€™s federal minimum-wage hike increased labor costs. A slowing economy, job insecurity, falling house values and rising gas prices have prompted would-be restaurant patrons to eat at home.But remember, the greatest threats are not necessarily the most immediate ones.Consider California. In a ...
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Contact: Desiree Torres Desiree.Torres@penton.com