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by needlefish
1534 days ago
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I wouldn't be surprised if a golden age of the restaurant has passed in the US and what we have right now is a massive over supply of restaurants. If the average restaurant profit margin was 3-6% before the pandemic in a low inflation environment then I can't imagine the average margin is not less than zero at this point. Hard to raise wages if you aren't profitable on a business that doesn't scale. |
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