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Restaurant Industry, Leading Indicator of US Economy Sours, Bankruptcies Pile up
http://wolfstreet.com/2016/10/02/restaurant-industry-bankruptcies-restaurant-performance-index-rpi/ ^

Posted on 10/03/2016 4:08:17 PM PDT by TigerClaws

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To: TigerClaws
3%? That’s terrible.
Think about the article though. What’s the first thing people cut back on when money is tight? Restaurants. Eat at home to save money.
They’re the canary in the coalmine.

We are unbelievably spoiled, that's what.

People don't want to eat at home because SOMEONE has to get into the car, drive to the market, SHOP for the food, drive home, lug the bags upstairs, put the groceries away AND then finally prepare the meal.

Then there are the dishes to do, that is, put them into the dishwasher, put soap in the dishwasher, start the machine...THEN empty the dishwasher AND put the dishes away.

Sigh, just TOO much for a girl to do!

WHY, o WHY do all that when we can just GO OUT and get all that done for us?
Lol. Are we SPOILED or what?

21 posted on 10/03/2016 4:27:01 PM PDT by cloudmountain
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To: Fiji Hill
I have noticed that bus boys seem to be disappearing from restaurants and that waiters and waitresses are increasingly busing tables—probably due to rising costs due to Obamacare, rising minimum wages, etc.

Yeah, we're seeing a bit of that, but mostly must higher prices. We live in an area (Silicon Valley, CA) still flush with people with a lot of disposable funds (especially coming from overseas), so higher prices are just accepted by most.

We've seen prices of $10.99-11.99 from the beginning of this year spike to $13.99-14.99. It's not going to get any better, at least in our area of the country.

22 posted on 10/03/2016 4:28:31 PM PDT by CatOwner
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To: SamAdams76

...and even if you do make it, Obama says you didn’t do it anyway.

Why bother? Heh heh heh...


23 posted on 10/03/2016 4:28:51 PM PDT by DoughtyOne (36 days: Until Presdient Pre-elect becomes President Elect Donald J. Trump. Help is on the way!)
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To: SamAdams76; SkyPilot

But the economy has never been better!

Hillary and Obama have created millions and millions of jobs!

And cheap or free healthcare!

Be right back, Easter Bunny and Santa are knocking at the door.


24 posted on 10/03/2016 4:29:34 PM PDT by SaveFerris (Be a blessing to a stranger today for some have entertained angels unaware)
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To: TigerClaws

I can eat steak at home for what a hamburger would cost me at a fast casual restaurant.


25 posted on 10/03/2016 4:30:51 PM PDT by PAR35
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To: TigerClaws

That and the service is terrible these days. What’s supposed to be cold is hot and what’s supposed to be hot is lukewarm at best...

These chains hire the dregs of the millennials


26 posted on 10/03/2016 4:33:27 PM PDT by Ouderkirk (To the left, everything must evidence that this or that strand of leftist theory is true)
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To: wally_bert

America has become a 3rd world country .We have no money , no factories etc. China makes everything. We need Trump mow or we will decline even further into poverty. work to get Trump elected as if your life depended on it because it does.

Work volunteer in Florid and Ohio . Make America great Again!


27 posted on 10/03/2016 4:33:35 PM PDT by Democrat_media (One more day till Obama hands over the internet to Muslim controlled UN. we are don)
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To: Democrat_media

Well put.

There’s nobody with a job to buy the cars, iPhones, dinners out, etc. if there are no middle class jobs. Those are disappearing thanks to NAFTA / globalism.

Companies though think globally and Trump is their worst nightmare. Every media company (Apple feed, google, Twitter, Yahoo, CBC, NBC, Fox - Murdoch is on the board of an open borders group) will be anti-Trump 24/7.

Hoping Wiki has a useful Leak tonight at 2 a.m....


28 posted on 10/03/2016 4:34:18 PM PDT by TigerClaws
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To: TigerClaws

That’s impossible. Lester Holt, in his first “question” to Trump stated that the Obamaconomy is awesome, perhaps even epic.


29 posted on 10/03/2016 4:34:20 PM PDT by Bryanw92 (If we had some ham, we could have ham and eggs, if we had some eggs.)
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To: cloudmountain

Or because we have household where everybody works and they don’t have the time or energy to cook. Honestly home cooking isn’t that normal a thing throughout history. Lots of chunks of the world live mostly on eating out, ancient Rome, modern Hong Kong. Kitchens take a lot of space, kitchen equipment is expensive, and most people aren’t actually good at cooking, it’s not necessarily a bad business to leave to the experts.


30 posted on 10/03/2016 4:34:56 PM PDT by discostu (If you need to load or unload go to the white zone, you'll love it, it's a way of life)
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To: TigerClaws

Robert Irvine observes the restaurant business isn’t for every one.

Its a 24/7/365 a year business that takes a personal and a financial toll.

Even in good times its tough. You won’t become rich running one and people open one primarily to share their love of good food with other people.

When it works, you feel successful. When it doesn’t, you feel like a failure.

You’ve got to have the strong will to succeed and if you don’t have it, running a restaurant shouldn’t be your principal business career.


31 posted on 10/03/2016 4:35:17 PM PDT by goldstategop ((In Memory Of A Dearly Beloved Friend Who Lives In My Heart Forever))
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To: Ouderkirk

“These chains hire the dregs of the millennials”

I knew it wouldn’t take long to pin 40 years of voting socialist on the millennials. LOL. You guys are so predictable.


32 posted on 10/03/2016 4:36:06 PM PDT by WilliamCooper1
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To: WilliamCooper1; SkyPilot; Travis McGee

At the rate jobs are disappearing who are these “working Americans”?

Add in illegal border jumpers - this thing will not end well.

Thanks Obama! (all according to plan)


33 posted on 10/03/2016 4:36:48 PM PDT by SaveFerris (Be a blessing to a stranger today for some have entertained angels unaware)
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To: goldstategop

Not to mention everyone from your mom to your long lost third cousin thinks they have the right to drink and eat all night long and get the “hook up”


34 posted on 10/03/2016 4:38:17 PM PDT by WilliamCooper1
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To: WilliamCooper1
Guys, even eating in now days is expensive. We make a decent living, more than enough to get by. But I have no idea how the average working American with a mortgage and a car payment can go to the store and buy a weeks worth of groceries with a family of four. I just don’t see it.

People DON'T have to live in expensive urban areas. They can live in the boonies. If they have ANY land they can even grow some vegetables. We did that a bit. That's where I learned to love gardening.

We didn't have a lot of money growing up. We NEVER ate out, not even once in the 21 years I lived at home. We often had beans, rice, vegetable and salad for dinner. There wasn't always MEAT on the table.
For us, "eating out" meant eating Thanksgiving at one uncle's house and Easter at another uncle's house. Christmas was at OUR house. LEFTOVERS!

Now I eat in so I can control what I eat...as I am with Weight Watchers. :o) Such are the ravages of being unbelievably spoiled.

35 posted on 10/03/2016 4:38:40 PM PDT by cloudmountain
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To: TigerClaws

We should thank God salvation is coming with a $15 minimum wage


36 posted on 10/03/2016 4:39:22 PM PDT by bert ((K.E.; N.P.; GOPc;WASP .... Hilary is an Ameriphobe)
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To: Bryanw92

I hope more Americans figure out that Lester Holt is just another Brian Williams.


37 posted on 10/03/2016 4:39:29 PM PDT by SaveFerris (Be a blessing to a stranger today for some have entertained angels unaware)
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To: Dilbert San Diego

When Waffle House goes chapter 11 or 7 then I will know that we are truly into Hard Times. Of course when WF shuts down probably much of the population will already be dumpster diving and working on recipes for tree bark and grass.


38 posted on 10/03/2016 4:39:54 PM PDT by arthurus (Hillary's campaign is getting shaky)
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To: TigerClaws

I had a brass shop through the 90s. I never got rich but it provided an okay living. When the economy took just the least dip my business totally dried up and I shut it down. That sort of a shop is pure luxury work in that no one has to have it. It’s not like appliance or auto repair. I didn’t lose any money and didn’t owe anybody when I closed it but obviously it wasn’t going to make any more money.


39 posted on 10/03/2016 4:43:18 PM PDT by arthurus (Hillary's campaign is getting shaky)
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To: Secret Agent Man

I make a fairly good meatloaf.

The recipe came from a Garfield junior cookbook.

I haven’t made it in a couple of years.


40 posted on 10/03/2016 4:45:08 PM PDT by wally_bert (I didn't get where I am today by selling ice cream tasting of bookends, pumice stone & West Germany)
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