https://www.cnbc.com/2021/10/15/domi...shortages.html

- Domino’s Pizza CEO Ritch Allison told CNBC’s Jim Cramer the American restaurant industry is being hurt by a slowdown in immigration.

- “In the U.S. with minimal population growth organically, we do — we need immigration in our industry to continue to have enough team members,” Allison said.

- Cramer on Friday called his conversation with Allison “sobering” and “shocking.”

Domino’s Pizza CEO Ritch Allison told CNBC’s Jim Cramer the American restaurant industry is being hurt by a slowdown in immigration to the country.

“It’s a challenge. In the U.S. with minimal population growth organically, we do — we need immigration in our industry to continue to have enough team members,” Allison said on “Mad Money.”

“Folks who want to work hard, want to stay with the business for a long period of time, can end up being owners and entrepreneurs,” he added. “As I travel around the country and talk to our franchisees, so many of whom followed that [immigration] path, it’s inspiring. ... It truly is.”

Allison’s comments Thursday came after the pizza chain reported third-quarter results, beating Wall Street’s expectations on earnings per share but falling short on revenue and same-store sales. The company’s U.S. same-store sales actually declined for the first time in a decade, falling 1.9% on a year-over-year basis.

Domino’s attributed some of the domestic sales dip to challenges around hiring workers to adequately staff its stores. It served as the latest example of companies calling attention to the difficulties of filling open jobs as the economy recovers from a pandemic-induced recession.

In his Friday morning note to CNBC Investing Club members, Cramer wrote: “The labor shortage issue is VERY serious... need more births and immigration, according to DPZ CEO Ritch Allison last night on Mad Money.”

Reflecting further on conversations with Allison, Cramer said on CNBC’s “Squawk on the Street” on Friday that it was “shocking” and “sobering.”

“Ritch Allison started, I think, a conversation that we’re all going to have to talk about,” Cramer said. “We don’t have population growth in this country. ... But more importantly, he’s saying, we cut off immigration. We stopped it, but the great thing about our country is immigrants come in, they become drivers. Next thing you know they own a Domino’s, then they own several places. That’s ending. We literally have to start thinking about an immigration policy that involves taking in people.”

“Think about that. What kind of discussion is that when, not that long ago, the idea was that we’ve got to keep people out,” Cramer continued, alluding to former President Donald Trump’s hardline immigration stance.

In 2016, the year Trump was elected president, net international migration added just over 1 million people to the U.S. population, according to the Census Bureau. In 2019, that number fell to a decade low of 595,000.

According to the 2020 Census, the U.S. population grew by 7.4% between 2010 and 2020, which is the slowest growth rate since the 1930s, when the country was in the throes of the Great Depression.

Looks like I'll be boycotting Domino's..... That's fine. The frozen DiGiornno pizzas at Walmart mogs Dominos anyways.

My girl worked at dominos and crazy to me how people work there.


No PTO, no breaks or lunch, and not even allowed to eat the food( although most end up taking a break and taking food home)


I know most of the dominos in my area are understaffed cause who wants to work for 13 bucks and no breaks just lol.
I mean even Walmart officially gives out 2 breaks and a lunch and has PTO

Maybe we need to make it advantageous for people to work instead of making it so they make more money sitting around at home.

We also need to bring back working in high school. High school kids just don't work anymore. All the starter jobs are too good for them. In college they fuk around, take out student loans, graduate with a crap degree and no job experience, and complain about predatory student loans and the lack of jobs - aka jobs that make them immediately middle class despite them having nothing to offer. The whole education system in America is fuked and it's mostly because it's been taken over by left wing policies.

Translation: I want to have more employees that will work for super low wages, hence we need more immigrants.

this

This is actually dumber than telling people they will die if they don't get a flut shot (srs)

Nobody actually believes this, you would need to be "Forrest Gump" kind of retarded to believe any of this

There is not a labor shortage.

There are millions of people at home with their ass on the couch.


The economic incentives of getting a gov't check outweigh getting paid dirt at a restaurant that serves something that barely qualifies as food.

its either that or they raise prices

so do you want to pay more money to have entitled 19 year olds slowly making your pizza and spitting in it or do you want mexicans working their ass off making your pizza for half the price?


What we should so is start shipping the illegals who are quitting these jobs back to mexico and let the ones who actually want to work come.

You aren't going to all of a sudden re convince entitled 19 year old sloots making 100x as much posting their butthole on onlyfans to come back to Dominos unless you pay them $17/hr at least.

profits over everything

this is exactly why when it comes down to it, even Republicans will support mass immigration when faced with low 'native' birth rates

i would tie his hands behind his back and dunk is head into my toilet filled with piss and diahrea until he changed his tune.
******* democrat motherfukin cock fondler

Instead of bringing in more immigrants, why not increase the fuking wage?

Companies don't want to pay their workers well. They want to give them $10 an hour for dealing with chitty customers and their demands 24/7.

Well they have some attitude now that only well educated peopel should be allowed in. Why would Dr Nick Riviera want to work at DPZ? He wants to be a doctor but no one here wants to see a doctor trained in a 3rd world country. He might as well collect welfare and sit on his savings.

Meanwhile Juan Gomez is willing to work making tacos for $4 an hour, more money than he;s seen in his life. He's deported.

liberals: we need to raise minimum wage. people cant survive off of it
also liberals: bring in immigrants and pay them low wages

lol. when it comes down to it, both Republicans and Democrats will be for mass immigration when dealing with low 'native' birth rates which will surely be lower for Gen Z LGBTQ/incels (likely 0.5-0.8 births per woman for Gen Z)

Republican pols (especially 'RINOs' aka the majority) will not sacrifice having cheaper workers/more profits/more consoomers just to 'preserve America' lol

It seems like workers have finally wised up to their actual power. Corporations and their executives have been getting rich while paying chit wages in chit conditions for decades. Workers now have power and won't go back to the same situation when labor shortages are forcing companies to raise wages and improve hours, conditions, etc.

I think the days of fast food and walmart holding prices flat for a decade is just about over.