Wages are rising in the restaurant industry. There are two reasons for this. Minimum wages are increasing in many states. And it’s tougher for growing concepts to find workers. Consider The Wendy’s Company. On its earnings call earlier this week, executives acknowledged that wage costs are increasing — one of several restaurant chains to admit this in the last couple of quarters. Part of this is coming from rising minimum wages. But another part is coming from competition for labor. “There is a war on talent,” CFO Todd Penegor said on the earnings call. As such, the chain has to...
