Service-sector workers see a 7% decrease in tips
- Service-sector workers in nonrestaurant jobs made 7% less in tips than a year ago
- Consumers are cutting back on tipping due to frequent tip requests
- Average hourly tips for service-sector workers in nonrestaurant leisure and hospitality jobs is $1.28
People are becoming stingy with tipping as they grow frustrated with constant requests for gratuities. According to an analysis of 300,000 small and medium-size businesses by payroll provider Gusto, service-sector workers in nonrestaurant leisure and hospitality jobs made an average of $1.28 an hour in tips as of November, which is a 7% decrease from the previous year’s average of $1.38.
Public Companies:
Private Companies: undefined
Key People:
Factuality Level: 8
Justification: The article provides specific data from an analysis of 300,000 small and medium-size businesses by a reputable payroll provider, Gusto. The information is quantifiable and based on actual data, which increases the factuality level of the article. However, the article lacks additional context or perspectives, which could have provided a more comprehensive understanding of the issue.
Noise Level: 7
Justification: The article provides some data on the decrease in tipping for service-sector workers, but it lacks a thoughtful analysis of long-term trends or possibilities. It also does not explore the consequences of this trend on those who bear the risks. The article stays on topic and provides some evidence, but it does not offer actionable insights or solutions.
Financial Relevance: No
Financial Markets Impacted: No
Presence of Extreme Event: No
Nature of Extreme Event: No
Impact Rating of the Extreme Event: No
Justification: The article does not pertain to financial topics and does not describe any extreme event. It discusses the decrease in tipping for service-sector workers, which is not directly related to financial markets or companies.
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