Not to trivialize the numbers, but people still have to eat, so these dollars are largely being re-allocated elsewhere, primarily to takeout, food delivery, and grocery stores. Other sectors that are service-based represent real net loss in GDP.
The state of the restaurant industry
51–60 of 591 posts
Re: The state of the restaurant industry
#52I can't understand why would somebody think that putting latest data on the left is a good idea.
It's a very good idea for time-series data which has a "freshness" aspect. If you started with the beginning of the dataset, February 18, you'd be adding significant weight to values which are comparative to, but no longer representative of, the current state of things on March 16.
Not to mention, if it was first-to-last displayed left to right, you may miss the scroll bar and not understand the value of the data being displayed.
Re: The state of the restaurant industry
#53The government has talked about bailouts for various industries from airlines, to cruise ships, to shale companies. But almost every sector of the US economy is going to be hit by this and I have no idea how we are going to react. Will there be a restaurant bailout? What would that even look like? It is much easier to work on bailing out a handful of airlines but how do you handle it for literally thousands of small…
SBA just announced a program for loans up to $2M at 3.75% to make payroll
Loans don't solve this. It isn't like once this is over restaurant patronage will jump up to 200% of normal. This is business these companies will never get back. Giving them a loan that they can't repay is just delaying the problem.
Re: The state of the restaurant industry
#54I can't understand why would somebody think that putting latest data on the left is a good idea.
I like that it shows the latest data without having to scroll.
Re: The state of the restaurant industry
#55At this point, what good is "seated diners" data when every restaurant is takeout and delivery only?
Re: The state of the restaurant industry
#56Not to trivialize the numbers, but people still have to eat, so these dollars are largely being re-allocated elsewhere, primarily to takeout, food delivery, and grocery stores. Other sectors that are service-based represent real net loss in GDP.
Even delivered groceries are significantly cheaper than eating out. That difference is mostly the income of restaurant workers.
Re: The state of the restaurant industry
#57Earlier quoted context omitted.
Unless you go to the bathroom and touch the door handle. Or sit in the waiting area next to a sick person. Or one of the chefs is sick and doesn't have perfect cleanliness. There are a lot more places where things can go wrong transmission-wise in a restaurant than a grocery store. Presumably you will not be touching your face during your shopping experience. But to eat in a restaurant sort of dictates putting things…
> Touch the handle going to the bathroom. Wash your hands and use a paper towel on the way out, like you should always do. > Sit in the waiting area next to a sick person. No queuing. > One of the chefs is sick. But takeout and delivery is allowed. So this isn’t any different. The point isn’t that it’s “zero risk” (there’s no such thing). We’re going to have to live with some element of risk in our lives as long as C…
> We lived with Measles for decades and it is much more virulent and about equally as deadly as SARS-CoV-2.
We lived with measles for more than just decades, but it wasn't a sudden outbreak that was overwhelming medical facilities.
The key here is hospital beds. We need to flatten the infective curve right now so that the medical system isn't overwhelmed. Then we can go back to "just being cautious."
https://medium.com/@yishan/its-the-rate-of-hospitalizations-...
> In the 1980s there were still about 2 million people a year dying from Measles.
Again, irrelevant. It wasn't overwhelming the medical system because the infections were spread out. Also we had a vaccine by then.
Re: The state of the restaurant industry
#58Re: The state of the restaurant industry
#59Perhaps US eat-out culture will die, and those who worked those jobs will just have to find some other means by which to negotiate value from the economy.
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Re: The state of the restaurant industry
#60The government has talked about bailouts for various industries from airlines, to cruise ships, to shale companies. But almost every sector of the US economy is going to be hit by this and I have no idea how we are going to react. Will there be a restaurant bailout? What would that even look like? It is much easier to work on bailing out a handful of airlines but how do you handle it for literally thousands of small…
> Will there be a restaurant bailout?
Maybe it could be like farm subsidies, but we pay restaurants to close for a certain amount of time / certain days of the week, on the condition that they pay employees normal wages for those days.