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New York City thinks up to half of restaurants will close permanently [pdf]

osc.state.ny.us

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Re: New York City thinks up to half of restaurants will close permanently [pdf]

#5
This data from Yelp is pretty stunning:

"The restaurant industry continues to be among the most impacted with an increasing number of closures – totalling 32,109 closures as of August 31, with 19,590 of these business closures indicated to be permanent (61%)."

https://www.yelpeconomicaverage.com/business-closures-update...

Re: New York City thinks up to half of restaurants will close permanently [pdf]

#9

At what point will people realize that the lockdown causes more harm than the virus?

No one should realize that because lockdowns are to contain and minimize impacts of the virus and the evidence overwhelmingly suggests no matter what the economy gets impacted, this is the way to reduce harm to economic activity the best. Without restricting high spread activities the economy suffers even more as everyone gets sick and hospitals get overwhelmed.

What you’re saying is just like saying evacuation orders for a hurricane cause businesses to lose customers before and after the hurricane so never evacuate.

Re: New York City thinks up to half of restaurants will close permanently [pdf]

#10
The long term trend of restaurants being closed in favor of ghost kitchens has just been accelerated due to COVID. It's just not sustainable to keep paying for brick and mortar when everything's moving online and to on-demand delivery. Retail is next.
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