Starbucks (SBUX) stock has really cooled off this year on the back of weaker earnings results and ongoing labor shortages. Undoubtedly, the Great Resignation, as it's called, has hit the broader quick-serve restaurant space, and even industry greats like Starbucks are not immune. Even though the company offers better payments and benefits packages than most of its rivals, Starbucks has suffered. Staffing shortages have led various Starbucks locations to lure in new workers with higher wages. Indeed, such upward wage pressures will weigh on profitability over the medium term, but investors need not fret, as Starbucks has a plan.
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