Quote:
Originally Posted by ben parrish
My wheelhouse here… we ARE most definitely in a hyper-inflationary market in our food supply right now. Look for instance at eggs right now; up over 250% in the past year. Shortening/ fry oil up 30% and butter up most 35% since September of this year….not to mention the ridiculous demands of labor. Many restaurants are now paying dishwashers over 15.00hr and up…kitchen staff is 18-20 hr now for little to no skill. Restaurants have always been tough but with spiking costs all around from rent, food, taxes and labor, it is getting harder and harder for them to cut a real profit. Expect to see more “market price” menus as they are just trying to survive in a crazy economy.
BTW, why is it so surprising that restaurants must raise prices regularly? Gas stations and grocery stores are commodity driven businesses that fluctuate by the day on prices. Everything a restaurant serves is reliant on the same fuel and the same market conditions a grocery store and gas station is subjected to.
|
Ben thanks for the context and I sympathize with the vagaries in your world. However, you are misinterpreting my post. I am not saying restaurants (or anybody else for that matter) cannot raise prices; prices are a key lever in a free supply and demand economy. I am simply complaining, lightheartedly truth be told, about something, namely price transparency (seemingly) being taken away from me. Will that stop me cold from going to restaurants? No, but I'll gripe about it. Now, to be sure, there are "things" we buy without the benefit of price transparency, health care being the most egregious example, where I cannot see what I am on the hook for until the deed is done, irreversibly.