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Starbucks is shifting gears toward big wage spending and store growth in latest earnings

Starbucks is shifting gears toward big wage spending and store growth in latest earnings

by Brian Evans | Nov 8, 2021

Starbucks Corp. (SBUX) is doubling down on rising labor costs besetting the restaurant industry.  The stock dipped 6% after Starbucks CEO Kevin Johnson said Starbucks’ decision to raise wages twice in 2022 would give the company a bigger market foothold and raise...

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