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A Florida restaurant chain says boosting pay and offering better benefits helped it end its labor shortage
(www.businessinsider.com)
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I'm in a weird spot where I have watched a previous employer of mine slowly collapse due to (among other things) low pay. They wete trying to hire people to pour concrete for $12 per hour. They were trying to hire concrete finishers for $14.
I was fired for dubious and probably illegal reasons from that place, and I didn't care, because I'd already lined up a better job in an attempt to flee a sinking ship. By some weird coincidence, the place I work now is very close to the place I used to work. None of the machines at the old place have moved all summer. The parking lot is almost empty when I drive by on the way home. It's sad, as there were people who worked there who I respected.
Our industries are completely different, but your story reminds me of my own.
I'm a software developer, and I used to work for one of those companies that does everything in its power to convince you they're a great place to work except pay competitive software developer wages. Free snacks! Great onsite gym! Cool, open floorplan! Their turnover was high, they had no clear corporate direction, and they didn't pay what anyone was worth, so there was no loyalty.
I got fired very likely for finding out profits were plummeting and the whole thing was a front for the owner's side-hustle, a Bitcoin mining operation.
These days, it's a shell of its former self, and the few people left who I genuinely liked and respected are all looking for other jobs. I have no doubt the owner will eventually end up in prison.