- Danny Meyer of Shake Shack (NYSE:SHAK) fame has lit a torch under the national debate on tipping by announcing that he would do away with tipping at fine dining establishments owned by Union Square Hospitality Group.
- If the trend takes off like some analysts believe it will with the Uber-generation, companies can adopt more revenue-sharing programs across employees and raise wages through menu prices increases.
- Nation's Restaurant News notes millennials are used to paying all-inclusive "real" costs as opposed to the tip-for-service mindset of older generations.
- It's unclear which restaurant chains would be helped or hurt the most by a broad no-tipping policy, although it's sure to lead to some cash flow redistribution.
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