“RED LOBSTER’S COLLAPSE: WAS IT ALL-YOU-CAN-EAT SHRIMP, OR PRIVATE EQUITY?”
NEITHER - it was the $15+ Minimum Wage in much of the country, plus what has become an EXPECTATION of tipping 20%.
Many here, me included, have had enough and, at a minimum, go to the few restaurants where the police aren’t called if you don’t tip (mainly fast-food).
Out here, it's almost impossible to find a meal at a sit-down restaurant for under $20. And with the added 10% tax and 15-20% tip, these meals have become too expensive.