POINT PLEASANT, NJ – Peter Cancro, the CEO of the popular sandwich chain Jersey Mike’s, recently aired his concerns over hiring teenage workers in the current labor market. Speaking on “Cavuto: Coast to Coast,” Cancro emphasized the need for a distinct pay structure for employees aged 14 to 17.
Despite facing the same labor shortages impacting various industries, Jersey Mike’s has been resilient. “The labor dilemma hasn’t significantly impacted us, given the size of our staff roster. We actively seek new hires,” Cancro said in his interview with FOX Business’ Neil Cavuto.
The sandwich franchise, which originated as Mike’s Subs in Point Pleasant, New Jersey, in 1956, has grown considerably since beginning its franchise operations in 1987. Today, the company is nearing the 3,000-store mark nationwide. Although it has demonstrated business strength, the company finds it increasingly challenging to employ younger individuals.
Cancro’s plea for a separate pay bracket for young workers shines a spotlight on the broader issues that the hospitality sector is experiencing with labor shortages. His statement could prompt further debate among industry leaders and government officials on how to address this ongoing workforce crisis.
Despite these labor challenges, Cancro expressed confidence in Jersey Mike’s ability to continue thriving. The company’s proactive recruitment strategies have kept it stable at a time when many other businesses are struggling to keep their doors open due to staffing issues.