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The state of the restaurant industry

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Re: The state of the restaurant industry

#401

Earlier quoted context omitted.

There is so much doomsday nonsense like your post I don’t know where to start. People have lost their god damn minds on the internet. Go outside and go on a walk. If you don’t understand why a 3 month country wide lockdown would be orders of magnitude more dangerous than this virus, you need to snap yourself out of the trance you are in. People have lost their minds around here.

Perhaps you have lost your cool a little? I am quite content to work from home, go hiking on the weekends and meet up with friends in open spaces as allowed by the lock down rules. I can arguably go skating, surfing, walking and much more. Its not ideal, but if it's required, I'll do it. We are not going to fall apart. Except for twitchy individuals like you, it seems...

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Re: The state of the restaurant industry

#403
post #2

Getting ready to nose dive totally. Here in NC we just joined the list of states that have banned dine-in service entirely. Curbside or delivery only, after 5PM today.

In Utah it was 11 PM yesterday. Or at least in Salt Lake City.

The governor made it statewide earlier today

Re: The state of the restaurant industry

#404
post #288
post #277

Earlier quoted context omitted.

> Your local restaurant might make less (I'm not sure I buy that), but the delivery driver likely makes more per hour. I don't know what Uber pays their drivers, but I happen to know the place in question pays a good wage, comparably. I seriously doubt it driving Uber beats it. >If it was a net loss for everyone except GrubHub or Uber, it wouldn't exist. And yet, here we are. Econ 101 only takes you so far; why do yo…

You say "and yet, here we are" as if you've proven something, when you have no evidence to back up your statement and rely on passive aggressive pseudo-insults to imply that I don't know what I'm talking about.

I don't know what I'm talking about.

And where's your evidence that restaurants are profiting off of Uber Eats / GrubHub / Door Dash / whatever? Restaurants are suing to be removed from these services. Presumably it's not profitable for the restaurant.

Let's not forget that in most states these "gig" jobs hire people as contractors who are then ineligible for unemployment and social security and are not guaranteed a minimum wage. Restaurants typically hire folks as employees.

Re: The state of the restaurant industry

#405

Earlier quoted context omitted.

Probably because the buildings aren't going anywhere. Landlords will lose money, but they're less likely to lay off tons of people. Restaurants employ ~10% of working Americans. A lot of people are going to lose jobs.

Restaurants employ ~10% of working Americans. A lot of people are going to lose jobs. No one disputes that. Although that 10% figure needs corroboration. As other comments have pointed out restaurants have switched to take-out and delivery and will need ample workers for those operations. But meanwhile what happens to the other 90% Americans who are working who face uncertain futures - some even in underrepresented s…

It's a SINGLE INDUSTRY that represents 10% of our workforce; I think that's more than any other. Overwhelmingly they are non-unionized. Profit margins for restaurants are very slim (avg. around 5%). Take-out/delivery is not going to come close to replacing the lost business. Many restaurants will close - many already have.

This is not to say other industries (like hotels) won't also be badly hurt. But restaurants are probably the single largest highly effected sector.

Re: The state of the restaurant industry

#406
post #94
post #5

Does that data indicate that seated reservations are only presently down 56% YOY in the US ? That's pretty discouraging if that many people are still ignoring standard guidance.

Movie theater box office numbers[1] are another good indication of the same thing. You see a similar large drop-off, but still a sizable amount of people gathering in these businesses. This is why it is crucial for the government to force these businesses to close. As long as they are open, people will gather in them. [1] - https://www.boxofficemojo.com/date/?ref_=bo_nb_wey_secondary...

Just saw an email from Cinemark (big theater chain) that they're closing starting tomorrow.

Re: The state of the restaurant industry

#407
post #5

Does that data indicate that seated reservations are only presently down 56% YOY in the US ? That's pretty discouraging if that many people are still ignoring standard guidance.

In my state it's over 70% All the drive-throughs only had 1-2 cars in them today at lunch, instead of the line being wrapped around the building like usual.

Is it even possible to get covid-19 waiting in your car for auto-food?

Re: The state of the restaurant industry

#408
post #107

Earlier quoted context omitted.

UBI is honestly the only solution here.

How about something a bit more targeted? Do we really need to give software engineers working from home extra cash?

Software engineers are a tiny fraction of the population, and any money given to them can always be recouped via taxes anyways. The added bureaucratic/administrative complexity on such a time-sensitive measure just doesn't seem worth it.

Re: The state of the restaurant industry

#409
post #236

My wife an I opened a nail and wax salon 6 months ago. Really don't know what to do, so far they haven't asked us to shutdown. Business had been steadily growing and we are about break-even. No idea how this will play-out, what if anything the building owner can do to help out, or how the federal help might work for a small business like ours. The rent and payroll are our biggest expenses naturally, we can of course…

> Really don't know what to do People are trapped at home, itching to get out. You run aggressive promotions right now to drive up your customer base since everyone is sitting at home bored with nothing to do.

Would that be a socially appropriate action to take?

Encourage people out of their homes at a time when it seems that the exact opposite is needed to start controlling the spread of the virus?

Re: The state of the restaurant industry

#410
post #273
post #57

Earlier quoted context omitted.

> 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.c…

Repeatedly saying "flatten the curve" isn't a response to someone saying "flatten the curve without destroying the economy when you can avoid it ". Taiwan, Hong Kong, Japan, South Korea, Singapore...all have managed to contain this virus without kneecapping their economies. We should be following their examples. Most of the US is nowhere near a crisis point, and locking down an entire city (or worse, country) over a…

I agree, we should be following their examples. But since we aren't doing extensive free testing, and don't have a culture of sick people wearing masks and self isolating, this is the best we can do for now.

Once testing becomes readily available we can look at loosening the restrictions.

As the Governor of Colorado put it, saving the economy doesn't do a lot of good if everyone is dead.

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