Millions of hospitality industry workers - including most servers and bartenders - rely on tips for a majority of their income. In over a dozen states, tipped bar and restaurant workers earn a minimum wage of just $2.13 an hour. That comes to just over $17 for an eight-hour shift, with the rest of their earnings dictated by the whims of their customers. While the average customer tips between 15% and 20%, some leave much more, and some much less.

Although tipping is not mandatory at most restaurants, the majority of customers do leave a gratuity. According to a report by Toast, a restaurant point of sale and management system, tips at full-service restaurants during the fourth quarter of 2022 averaged 19.6%, while those at quick-service (i.e., fast-food) places averaged 15.9%.

Originally published on 247wallst.com, part of the BLOX Digital Content Exchange.

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