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Morning Brew Daily

How Panera Dodged $20 CA Minimum Wage & Gen Z Hates Dating Apps

Morning Brew Daily

Morning Brew

Business, News, Business News

4.43K Ratings

🗓️ 29 February 2024

⏱️ 29 minutes

🧾️ Download transcript

Summary

Episode 269: Neal and Toby explain why Panera doesn't have to partake in California's new minimum wage law. Plus, Google's CEO says their latest Gemini AI blunder is 'unacceptable' and dating apps are scrambling to try and get Gen Z to use them. Neal shares his favorite numbers and why do we have a Leap Day? Listen to Morning Brew Daily Here: https://link.chtbl.com/MBD Watch Morning Brew Daily Here: https://www.youtube.com/@MorningBrewDailyShow Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Good morning Roo Daily Show. I'm Neil Freiman and I'm Toby Howell. Today is

0:05.8

Leap Day. Why does February go into overtime every four years and is there a better

0:10.7

way? Then we'll dive into Bumble's recent struggles

0:14.2

and figure out why Gen Z kind of hates dating apps.

0:17.5

It's Thursday, February 29th.

0:19.6

Let's ride. Ride. security lasted all of 18 hours.

0:33.5

Facing a firestorm of criticism, the fast food chain said it had no plans to implement

0:38.7

Uber-like surge pricing at its location starting in 2025, reversing previous comments by its CEO that

0:45.4

it was going to test dynamic pricing for its burgers and shakes next year.

0:48.9

Wendy's did say that its investment in digital menu boards could allow them to change menu offerings at different

0:54.9

times of the day and offer discounts and value to customers more easily during slow times.

1:00.7

Toby, what did we learn from this debacle?

1:03.2

I think the PR narrative just escaped containment before they were really ready.

1:09.0

I mean, people took experimentation with digital and venue boards to mean that they would

1:14.2

dynamically increase prices but now they're kind of saying that no no no we're

1:18.5

going to use it to discount prices we're going to use it to increase cost savings for you so I do think that what they should

1:24.7

have done is just slowly raise prices over time and then have this big announcement of oh we are

1:29.3

lowering prices during off hours we are saving you money instead they got the entire

1:33.7

reverse thing where people assume that they were raising prices during peak

1:37.9

hour so if anything it was just a PR debacle it does go to show just how much people hate surge pricing.

1:44.1

Yeah, absolutely. It's a trigger word for a lot of people, just especially from the

1:48.4

Uber's and the lifts of the world. Okay, before we jump into our show today, let's hear one last word from our sponsor,

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