Has Mr. Holmes Bakehouse Unlocked the Key to the Restaurant Industry’s Labor Crisis?
California added a dollar to its minimum wage law on January 1, bringing the state’s required pay rate up to at least $13 an hour. While the increase is much needed, some small and independent restaurant owners may now worry over what will happen to their already thin margins. But Aaron Caddel, the 28-year-old CEO and founder of Mr. Holmes Bakehouse, says he’s found a way to increase profitability as well as, crucially, the money employees take home. …