Restaurant business tanking

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    • #10710
      MickMick
      Participant

      Not too surprised. $20/hour minimums at fast food restaurants — except at Panera, owned by Newsom’s good buddy, which was exempted.

      Some restaurant chains are sounding the alarm about consumers

    • #10713
      LegendLegend
      Keymaster

      This is not shocking. Some of the restaurants with the biggest value grabs like chipotle have already hit the skids. We’re gonna see a lot of this over the coming months and any limitation to snap payments bleeds over into fast, casual, and fast food very quickly because like it or not, most snap recipients are not indigent. They are just pushing dollars out into the economy. That would otherwise have to be used to pay for food if they didn’t have snap.

      it’s fascinating politically. People have to start paying student loans and are threatened with having to pay for their own groceries and so restaurants suffer and it gets stuck to the ruling party. All of it is healthy but the politics are gonna hurt republicans in power.

      ____________________________________________________________
      Sic transit gloria mundi (so shut up and get back to work)

    • #10731
      MickMick
      Participant

      Wendy’s closing 300 stores. They closed 240 last year.

      Wendy’s to close hundreds of US stores in bid to halt falling profit

    • #10732
      AvatarBeeg_Dawg
      Participant

      Not that it means anything in the context of this thread, but one of my favorite breakfast places in San Jose is for sale.  How do I know this?

      There is a notice posted stating an application to sell the business has been applied for.

      WTF!  We really are on a downward spiral predict by Ayn Rand.  One must receive permission from the government to sell a business? Other than another revenue stream, what rational is there for this kind of bureaucratic fuckery?

    • #10733
      LegendLegend
      Keymaster

      [quote quote=10732]Not that it means anything in the context of this thread, but one of my favorite breakfast places in San Jose is for sale. How do I know this? There is a notice posted stating an application to sell the business has been applied for. WTF! We really are on a downward spiral predict by Ayn Rand. One must receive permission from the government to sell a business? Other than another revenue stream, what rational is there for this kind of bureaucratic fuckery?[/quote]

       

      maybe it’s related to the actual location?

      ____________________________________________________________
      Sic transit gloria mundi (so shut up and get back to work)

    • #10841
      MickMick
      Participant

      Not too surprised. $20/hour minimums at fast food restaurants — except at Panera, owned by Newsom’s good buddy, which was exempted. Some restaurant chains are sounding the alarm about consumers

      Panera Bread out of dough—mass closures planned across all 48 states | Watch

      This is awesome. Now that Panera doesn’t have to pay the $20 minimum wage (because it was classified as a “bakery” — also because the owner is newsom’s buddy), it is ceasing bakery options on site and centralizing bakery options in off-site mega-bakeries. Absolutely outstanding.

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