This is the first line in an article about the fast food industry: “With the fast-food industry facing 150% annual turnover rates, brands are turning to Miso’s AI-powered kitchen robot, Flippy, to help increase profits…” How can you have more than 100% turnover? Thank you.
In: Economics
100% percent turnover means if you employ 10 people, you have 10 leave their job and have to hire 10 people over course of a year. 150% turnover means you employ 10 people, but you lose and hire 15 people per year.
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