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Originally Posted by BamaVol
(Post 33354551)
We tried to take the grandkids to Red Robin for late lunch. No go. 45 minute wait with many open tables. I’d say the inability to earn top dollar tips has put them low in the server totem pole. They will have to raise wages to compete as the lower prices mean lower tips.
No point to that I guess, just an observation. But as a former business major, this would have been a fun case study to analyze in my advanced classes. Supply and demand, declining sales, wages and wage laws, government regulation and unemployment subsidies...it has a bit of everything. |
Originally Posted by JBord
(Post 33354640)
The question is can they survive a wage increase? They famously cut salaries by 20% at the beginning of the pandemic, and I believe last I saw reported they had a 25% decrease in same store sales. Probably a bit of chicken or egg - sales may still be down simply because they can't find servers to fill all the tables. But if sales are down can they afford to raise wages? Gaining more revenue at the expense of profit might be sustainable short term in order to get people on board. But then they'd have to substantially raise prices at some point.
No point to that I guess, just an observation. But as a former business major, this would have been a fun case study to analyze in my advanced classes. Supply and demand, declining sales, wages and wage laws, government regulation and unemployment subsidies...it has a bit of everything. |
Originally Posted by BamaVol
(Post 33354706)
Theyre losing revenue right now. Other restaurants are packed to 100% capacity. I did notice that Shoneys directly across the street closed for the pandemic last year and has not reopened. We ate at Panera. It wasn’t all that busy but the location is somewhat hidden.
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Originally Posted by BamaVol
(Post 33354706)
Theyre losing revenue right now. Other restaurants are packed to 100% capacity. I did notice that Shoneys directly across the street closed for the pandemic last year and has not reopened. We ate at Panera. It wasn’t all that busy but the location is somewhat hidden.
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Originally Posted by YVR Cockroach
(Post 33354366)
I guess there are those who don't enjoy cooking or have the skills who may hold a different viewpoint.
Originally Posted by JBord
(Post 33354513)
And this is really the crux of the discussion on whether restaurant demand will go back to normal. There's certainly a large group that fits your final sentence. Then there are those, like our friend in this thread gaobest, who claims to be enjoying the new-found cost savings and the pleasure of cooking good food at home.
And, you're right, either way it's going to be a fascinating case study in business schools around the world as they look back to how we've handled this pandemic where they'll have the benefit of hindsight, whereas we more or less have to fly somewhat blind. |
Originally Posted by gaobest
(Post 33355497)
panera is pretty great of a service model. Shame it’s JHB only because I would love to own that stock.
But I agree with you on the service front. For a quick lunch, I'd much rather order and pick up at the counter. Saves me time and I don't have to tip a server. Maybe that's the way "automation" goes. Order at your table from a screen and then either pick up at the counter or a robot delivers your food. It could breed a number of different methods, and make human servers obsolete, other than at those restaurants where you expect more of a personalized experience. We may put a whole generation of actors and college students on the unemployment line! |
Originally Posted by BamaVol
(Post 33354706)
Theyre losing revenue right now. Other restaurants are packed to 100% capacity. I did notice that Shoneys directly across the street closed for the pandemic last year and has not reopened. We ate at Panera. It wasn’t all that busy but the location is somewhat hidden.
I remember seeing a wage sheet from one of the big local PCB employers looking for foreign help for summer 2019 posted on Facebook and even then so many locals would have been nope, can do a lot better working at Publix or Hobby Lobby. Or getting on with one of those cleaning companies where you can make more doing Saturday-only condo and beach house cleaning on changeover day than you could putting in 40 hours a week at the Econolodge. |
Originally Posted by beachmouse
(Post 33357228)
Are you still in PCB? Without the foreign college kids on short term work visas, it's going to be hard to staff for seasonal peaks because so many locals need year round hours and not just a bunch of shifts during the spring and summer tourist surge.
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Originally Posted by cardsqc
(Post 33353887)
For us, pre-covid we did eat out a lot. Mostly because of the convenience factor. Both of us work, neither of us particularly like to cook, and coming home after working all day and cooking wasn't really something that was really high on our list of things we wanted to do.
As far as cooking skills or lack thereof, I wonder if it has to do with innate thrift, upbringing, culture (related to the previous, upbringing) or some other factor. There are many in recent generations who seem to have no or next to no cooking skills. The restaurant and prepped food industry would love more of these. |
Originally Posted by JBord
(Post 33357150)
But I agree with you on the service front. For a quick lunch, I'd much rather order and pick up at the counter. Saves me time and I don't have to tip a server. Maybe that's the way "automation" goes. Order at your table from a screen and then either pick up at the counter or a robot delivers your food. It could breed a number of different methods, and make human servers obsolete, other than at those restaurants where you expect more of a personalized experience.
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Originally Posted by JBord
(Post 33357313)
Do the foreign college students stay there for the summer rather than return home? It would seem to me that it would be a problem every summer simply because all the college students leave. But I'm not familiar with a tourist economy like this, so I'm asking to learn. I understand the reliance on foreign worker visas in Florida, I just hadn't thought there was an angle related to students.
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Originally Posted by beachmouse
(Post 33357677)
For th at part of Florida, peak tourist season is the summer and they come in May and leave around Labor Day. There are legit labor broker agencies that recruit the Brazilians and the Romanians and suck for there or national park gift shops or Cape Cod or such
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Originally Posted by BamaVol
(Post 33357958)
I haven’t heard a single foreign accent in a week. We shopped Pier Park today, ate there yesterday, drank there several times. Went into Alvins Island and RonJon. Nope. No Eastern European kids.
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Americans Are Leaving Unemployment Rolls More Quickly in States Cutting Off Benefits - WSJ
The number of unemployment-benefit recipients is falling at a faster rate in Missouri and 21 other states canceling enhanced and extended payments this month, suggesting that ending the aid could push more people to take jobs. “You’re starting to see a response to these programs ending,” said Aneta Markowska, Jefferies’ chief financial economist. In recent months “employers were having to compete with the government handing out money, and that makes it very hard to attract workers.” “It’s crazy how quickly” things seem to be ramping up, she said, noting that workers in other states where Midas operates and the federal benefits are still in place appear reluctant to re-enter the workforce. |
Not exactly a sit down restaurant (and I don't remember if I've ever eaten in one) but the Canadian Pizza Huts are all converting to delivery and take out, with permanent closure of the "dining room". Apparently the trend to close dining rooms started quite a few years pe-COVID but now it's a national shift.
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