What’s on the Menu: A Closer Look at Restaurant Industry Credit Risks

You may have seen the signs posted at your local restaurants: “Now hiring! $15 an hour!” While the federal minimum wage has been hovering at $7.25 since 2009, many eating establishments have come to terms with the reality that, to attract the workers required to keep the doors open, they have to up the ante.

Restaurants need more staff to serve people eager to take a break from their own homes and kitchens after a year of COVID-19 restrictions. Transaction revenue at full-service …