To tip or not to tip: Expert weighs in
04/03/2024 01:21
According to a WalletHub survey, about 3 in 4 Americans think tipping has gotten out of control. Oklahoma State University Assistant Professor of Hospitality and Tourism Management Cortney Norris joins Yahoo Finance Live to discuss when it's appropriate to tip. Norris notes that tipping is based on the location. She explains that individuals working at counters are typically making "the standard minimum wage," while waiters and waitresses often earn a pro-rated wage with most of their income reliant on tips, which could "make or break their livelihood." However, she points out that this also varies by state, with some minimum wages being higher than others, playing a role in the tipping culture. For more expert insight and the latest market action, click here to watch this full episode of Wealth! Editor's note: This article was written by Angel Smith
According to a WalletHub survey, about 3 in 4 Americans think tipping has gotten out of control. Oklahoma State University Assistant Professor of Hospitality and Tourism Management Cortney Norris joins Yahoo Finance Live to discuss when it's appropriate to tip.
Norris notes that tipping is based on the location. She explains that individuals working at counters are typically making "the standard minimum wage," while waiters and waitresses often earn a pro-rated wage with most of their income reliant on tips, which could "make or break their livelihood."
However, she points out that this also varies by state, with some minimum wages being higher than others, playing a role in the tipping culture.
For more expert insight and the latest market action, click here to watch this full episode of Wealth!
Editor's note: This article was written by Angel Smith