Posted on 10/03/2016 4:08:17 PM PDT by TigerClaws
One of my guilty pleasures is to walk up and down the Bowery in Manhattan, seeing all that surplus restaurant equipment from restaurants that didn't make the grade.
Would be restauranters snap that stuff up, do business for six months or so, and then the same equipment is back in the Bowery.
But Obama says the economy is just fine. Hillary will put Bill in charge of the economy because , in her words, he knows how to do this.
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.
My step-dad spent a lifetime in that business. It is BRUTAL! 3% profit margin, employees that won’t work/steal from you, lawsuits, liquor liability, its a freaking mess!
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.
I was going to comment but you nailed it succinctly.
Good point. I’ve noticed that as well.
Tough finding workers at all these days for many businesses. Know a guy with a smoothie shop. He went through 40 workers to find one that’d actually work. Many didn’t quit. They’d just not show up at all.
Yep! In the summer of 2007 my stepdad, a restaurant operator said, and I quote: “Jeez this economy is rotten. Do you guys not see how bad things are? Sales are down double digits over the last two quarters at the restaurant!”
Everyone else laughed. They were busy cashing the equity out of their homes for that summer vacation or a boat or some other stupid thing they didn’t need that ended up putting them upside-down.
Buddy of mine is a dentist. Another thing people (folks without dental insurance) cut back on in tough times is dental care. His business has been flat during our wonderful 1% Obama recovery.
If this decline starts ti hit the big national chains like Denny’s, Cracker Barrel, etc. or even start to affect the fast food chains in a big way, then we have signs of major economic trouble.
hillary’s fine.
the economy’s fine. lowest unemployment ever. lowest interest rates ever.
/s
Well, with 94 million people either out of work or under employed, then couple that with the drive to increase the minimum wage to 15 dollars an hour, it is no wonder.
We obviously need to
* raise the minimum wage
* require health care for ALL workers, not just full-time
* require paid parental leave
* raise taxes
While that sounds like a joke, it is literally the solution offered by the left. Those things will increase the number of customers so much that businesses will do better. And it would have happened everywhere it’s been tried except “_insert_excuse_here_” happened at the same time. While the numbers say jobs were lost and businesses closed it “would have been worse” without the changes. So it would have worked everywhere but bad luck made it work nowhere.
To be fair, they also have a solution that does help some businesses
* allow them to hire illegal workers for less money and no benefits
* government pays for all needs of the underpaid illegals and out-of-work legals
It doesn’t help the country but some businesses can do better.
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.
Add to that list:
Add ten million plus unskilled laborers to the job market and see what that does to the wages.
So We need Trump to Make America Great again by bringing back our companies and U.S. factories from China so that we can produce again instead of just borrowing and building up debt as we are doing under the big eared Obama creep.
Trump said he will reduce taxes and government REGULATIONS ON COMPANIES SO THAT THEY STAY AND come back to the USA and that's a plan that expouses the principles of conservatism (reducing gov regulations and taxes) but the media would have you blind to this fact. ONLY Trump can do it, M.A.G.A!
Buying a few days worth of modest groceries for just me is painful.
Nothing fancy at all.
restaurants, yep. bars. most things entertainment related.
i can make a lot of dishes at home that taste better than what I get at restaurants.
if its not critical/vital spending, it is the first to be pared back.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.