How is Trump planning on improving this situation OP?
Deportations of as many illegal immigrants as possible.
Making labor expensive again. So we can afford to live again. I don't think we will see deflation happen ...but service industry will see inflation for labor. (Their largest expense)
Fast food giants might have some serious problems.
Fast food often has budgets where food plus paper products is 25% and labor makes up another 25% of variable "cost of goods sold". Then rent, R&M, and insurance is a fixed cost and the rest is profits, advertising, and upper management costs.
The real money is made in the food and sundries sold to the restaurants as it is specialty packaged and labeled. Napkins, cups, wrapping paper, and etc can be bought in high quantities and then sold with atrocious sized margins for a non-perishable product. (Plus franchise fees you claim is for other stuff....you still bill extra for advertising).
The real cost of French fries is stupid cheap but sold at extremely high prices to the various stores.
But the kicker is the labor....it's already at 25% of sales. If it goes to 35-50%....you will be out of business in a hurry.
Eating out will become a luxury again instead of a staple and standard practice. Prices for custom pre-made food becomes too high. Professional Chefs become a good job once again instead of low, slave labor style wages. Waitstaff can actually earn a living wage and won't receive paychecks anymore. That money used to pay their taxes now goes to back of house staff. Meaning that the pay is reasonable and sought by better quality personnel instead of those who will never pass a drug test.
Other service related fields will be much more expensive. PAs will become more rare. Office staff will do less but still expect more pay. AI might offset some of these costs through automation processes for data. But not all.
Low-cost rewards/benefits for staff will rise. More group cell phone discounts, big box store discounts, travel discounts, movie/entertainment discounts and reward tickets (sports games tickets for PSL seats)
And the biggie....
Health/life insurance policies will actually provide benefits instead of confusing and complicated hoops to go through to get the benefits.
(Huge current scandal arising from health insurance companies charging premiums but not providing benefits)
That's what's coming....eventually the pay scale will rise. But large employers will try everything but hard cash payscale first.