I paid $27, including tip, for an enchilada plate lunch today. Those kind of prices are a big part of the restaurant apocalypse, and I’ll be back to a turkey and cheese sandwich tomorrow. From Michael Snyder at theeconomiccollapseblog.com:
You can get a really good idea how the U.S. economy is doing by watching restaurants in your area. When the economy is booming, restaurant parking lots are full and chains are feverishly establishing new locations. But when the economy is struggling, restaurants get a lot less traffic and poor performing locations get shut down. Sadly, in 2024 it appears that a “restaurant apocalypse” has started to sweep across America. Most people have very little discretionary income to spend as a result of our cost of living crisis, and that is particularly true for our young adults. Americans under the age of 40 love to eat out, but these days most of them are experiencing financial stress, and this is having an enormous impact on the restaurant industry.
In 2023, visits to sit-down restaurants dropped by about five percent compared to 2022…
Americans are eating out less as inflation weakens the dollars in their pocket, which is leading to some harsh consequences for restaurants across the country.
Visits to sit-down restaurants were down nearly five percent in 2023 from the year prior, according to location analytics firm Placer.ai.
So this is a trend that has stretched on for over a year.
Schneider? F’ yea.
Doom or be doomed.
Let others prepare my food?
I’ll have to pass on that.
Aren’t restaurants a construct of the white male patriarchy unless it’s a taco wagon, ccp cat meat buffet or curry takeout?
Cargo cult drones will deliver meals directly to the pod for all non-kulaks.
Free of charge and chock full of Big Pharmakeia goodies for the comrades.
A nice salad and steak for late meal cost way less than $27 fiatbux.