Wall Street Journal Summary – Why a $16 Cheeseburger May Not Be Enough to Save Your Local Restaurant
Over the Paywall – Good Info News Wire
Key Facts
- Alex Wagner, a restaurant’s operations manager, earns $17.35 an hour, an increase from his starting wage of $9.25 six years ago.
- However, expenses have risen more than his pay, making it difficult for him to save money.
- Wagner is unable to afford a car and credit repair on his current salary, and lives paycheck to paycheck.
Alex Wagner, who manages operations at a restaurant, currently earns an hourly wage of $17.35. This represents a significant increase from the $9.25 he was earning when he first started at the restaurant six years ago. However, Wagner has found that expenses have escalated at a higher rate than his pay. This gap has made it challenging to save money or finance significant purchases. Despite his pay rise, Wagner’s financial situation remains tight, and he is still living paycheck to paycheck. He aspires to buy a car and repair his credit but finds these goals unattainable on his current salary.
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