“Destroyed by Big Pharma” - Kevin O’Leary on Why Restaurants Are Shutting Down Across the Country
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- Опубліковано 23 лип 2024
- According to O'Leary, the restaurant business has been hit hard by a combination of factors, including rising food prices, declining foot traffic, and lingering supply chain issues from the pandemic.
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Lobbying should be banned . This is just a legalized way to corrupt politicians and administration officials.
But then they would've closed the door on the self prophecy of our destruction by our forefathers... there are too many groups who bring about their reality fervently for us to hope things just cool down.
Yes, let the LAW MAKERS make laws that stops their own corruption. It's like the police investigating themselves.
@@joeashbubemma yep. It's why I'm campaigning. Trial October 7th, fort JBLM- army CID and JAG/DOJ malfeasance
The lobbyists are the politicians when they leave office, they’re offered big money from these companies because the politicians have a foot in the door with their colleagues! 16:42
…and slowly they start to realize that government IS corruption. 🤔
I've been a chef for 20 yrs. Covid was absolutely a huge shock to the industry, but we are 3-4 years POST lockdown.....the restaurants that are thriving made a pivot and kept on rolling, those that didn't are using it as an excuse.
There's a lot of reasons why restaurants close, but these big mega chains like Chili's, Applebee's, On the Border, Red Lobster, tgi fridays, olive garden, etc have been on a steady decline for A LONG time.
All of these big chains suffer from the EXACT same problem. They have a bean counter making decisions at the corporate level that's too far removed from operations, quality and service are never factored into decisions, just profits. You can only cut costs so far before your food and service goes to shit. The food and service just isn't good at ANY of these places.
They are microwaving entrees, prepackaging entrees, making their sauces in a factory. Did you know you can wipe the grill marks OFF of a chilis chicken breast (it's not cooked on a grill, they're fake grill marks painted on the chicken).
Restaurants that have been focusing on food quality and service have been thriving in the same economy these mega chains are failing, with the same food cost inflation, wage hikes etc.
As for Uber eats/door dash etc, they've been stealing business from the local pizza joint and fast food. Before the 3rd party apps, the only choice for delivery was pizza or Chinese. It's been a huge boost for mom and pop places (though not without some headaches).
I avoid chains. Food is horrible and expensive. Locals serve better food for less money. The chains closing are just nasty plus they have huge overhead. President,VPs, DEI Director and managers, district managers, is just doesn't stop.
You make very good points.
@andrewehrmantraut4742 I was a multi-unit restaurant franchise owner for over 15 years, and it's interesting listening to people at various levels within the restaurant industry give their take on how businesses operate and what they think owners should and shouldn't do.
I agree with some of the things you said and disagree with others. I just wanted to acknowledge your perspective. Thanks for the insight.
this is true
You are on point. Well written and accurate. I made the mistake of going to Olive Garden 3 years ago because they were offering a free meal for Veterans on Veterans Day. I will never step foot in OG or any of the “restaurants” you mentioned. I do not want to describe what I was served as “food” … let’s just say, microwaves were used to heat it up. Nasty.
Facts bro.. chain restaurant food taste like 💩
Tipping has become a big-time turn off nobody wants to be told how much of a tip to leave...
It went from a tip to a shake down.
@@robertcarpenter7486 No kidding...
And asking for a tip for fast food. Ridiculous
Service fees in uk. Holiday surcharges
The lockdowns helped me realize I don't mind eating at home to be healthier and save money.
Exactly, man. I'm big into fitness and have been making my own meals for years now. If you actually have some basic cooking skills and just put in a little effort you are golden, as you mentioned you save a ton of money and it's much healthier than what you'd get at a restaurant. Even something like going to Starbuck's is expensive and can quickly add up. Imagine you get a cup of coffee on the way into work 5 days per week and it costs $5 each, which I think is actually cheap compared to there lol. That's $25/week or about $1300 per year if you do this routine without fail. That's money that could have been used to pay off debt or invest and let grow over the long term.
The lockdowns made me accept death with delight considering how stupid everyone here on earth is
Even with EBT/Foodstamps
Lentils rice and chicken is dirt cheap! Hell nothing wrong with frozen veggies as long as you wash and soak them!
Cooking at home is becoming almost expensive as eating out now
Same here. Restaurant kitchens are nasty too.
First remove all medical commercials on tv.Then arrest the ceo behind the pharma cartel.
if find your post is being anti semitic.
Here in Europe medical commercials are illegal. Big pharma has way less power here than in the US. Helps a lot
I'm going through some medical issues right now, and every time I leave the hospital, I get leukemia and bone cancer ads on all my things.
It's actually creepy, and the last thing I want to see is cancer medicine commercials, especially when I don't find out if it's cancer until next month.
I hate it. I agree that pharmaceutical companies need to stop.
@@brock5946 yeah… our country faced that same legislative crossroads, unfortunately pharma money was already too powerful and the masses lost the battle
Our government backs pharma they all eat together
I'm visiting Southern California right now, and I'm angry. A very popular restaurant chain here, which every location was always for years packed and worth the wait, now looks like ghost locations. They are open, just empty. California's policies have done this destruction.
You wanted them to stay open during Covid? Is that the only reason these restaurants fell off?
@@brock5946Yes, they could have and should have.
Cost of living, currency made per hour = no left over income. That and you have corporate interest buying up real estate jacking up rental costs for businesses and people and you have a situation created for destruction. By the gold diggers to only have their businesses and privately own banks to succeed. Designed to failure.
Let’s point the blame to the Brylcreem man….🐒
Intentionally
C0v¡d was a pysop that a lot of people fell for....😢😢😢
I’m happy pure blood. From🇨🇦
Covid was a psyop. The vax was a bio weapon.
@@GEDDY37happy being a thundercunt "Pure blood " ☝️🤓
Were "forced" to "fall for" .....
Yes kinda like almost every other thing.
Magically, private equity buying up restaurants and turning them over to make short term profits, and forcing them bankruptcy, does not get mentioned. I wonder why…🤔
This right here!!!!
They take over good restaurants than consistently cut back on quality and service to make big profits until they can't cut back anymore and than go out of business.
You nailed. Asset stripping. Primary reason Red Lobster is going down. A bunch of Red Lobster real estate was sold for capital to pay back the acquisition loan, now the businesses is not profitable due to the added cost of a high rent. That is a non-issue for the purchaser and was the plan all along. Should not even be legal.
It’s at least 95% of the cause of these shut downs. It has nothing to do with Big Pharm
You are right!!!
It’s happening with my current company…. PE is buying up businesses and forcing the little guy out.
People aren't eating out because it cost so much plain and simple
Soooooo they decide to order from Uber eats and pay even more? 🤔
Trump / Fauci 2024!!!
@@warrennyI think they mean food traffic is low because less people want to go out and spend money. The people that can afford to Uber eats are willing to
Edit: Also many people order pick up from Uber eats and I don’t think there’s additional fees, it’s just easier
Let’s go Brandon!
@@warrennythat doesn’t mean that everyone is ordering Uber eats, it can mean that they are cooking at home. But you do make a good point 👍
i stopped doing uber eats when a $11 burrito started costing $40 to get to my door.
-Delivery fee
-Admin fee
-Operating fee
-Taxes
-Tip
The peak of uber eats was during covid.
I can never understand that. Why someone would pay that much for low end takeout. Could’ve had a filet minion from the supermarket.
@@jamesdellaneve9005 You don't understand that people in the west are basically lazy and stupid?
Trump / Fauci 2024!!!
You’re not addressing the effect that social media has played in the destruction of restaurants.
People don’t go out and socialize with friends anymore
Actually the opposite, social media has boosted spending for restaurants. Food, tourism, entertainment spending has increased also the reason why we have inflation.
I see a lot of food I want to eat on social media.
@@dropshipincanada it boosts a business temporarily due to trends until the next thing comes along then that place just becomes another distant memory
@@dropshipincanada inflation comes from the government eating too well; not you.
That’s not true. Social media makes people go outside, to take pictures to post. I’ve been outside way more when I was an active user and poster. The real demon here is fear mongering Fox News, ABC, CNN have been doing.
I can only speak for myself but I refuse to pay for a burger lunch and salad lunch for my wife and myself for $60 when it used to cost me $25 just a few years ago. Now we cook for ourselves for a fraction of that price and cook our way. It’s about value as much as not accepting the gouging that’s going on.
Are you starting to turn into your Grandfather? "Back in my day, a cola only cost a nickel" Not saying you're wrong....but you may be getting close to the edge of ....Elderly!😁
@@kirkdubois8898 Yeah, it's almost like life experience makes someone wiser......but hey, at least we have clever folks like you around to solve everything. Must be why the world is in such a good spot right now. Great job!
@@MykeLewisMusic I was kidding...because I am 49 and starting to sound like myfather and grandfather..
And thank you, I do think I have tried to do what I can to make this world a better place.. Like not voting for Trump, let alone rationalize every crime he committed was "ok" or just deny the facts as "Fake News" just because it would get me what I wanted. I have what are called "Morals and Principles", something that selfish self-centered people would know nothing about.
Trump / Fauci 2024!!!
😂
I can't believe that people are still willing to pay double for not fresh food. Laziness
Or the lack of teaching...Did you know that the main reason Tuna companies started to put their tuna into bags instead of cans is because the younger generations did not own a can opener?
ignorance is where profits are mined...
@kirkdubois8898 did you know you are full of shit. Tuna packages are meant for people on the go, single people and people that want a single serving of tuna. I own numerous can openers and like the pouches because they come in different flavors and are great to have around for a quick meal.
Bad politics, bad life.
Adam says big govt picking winners and losers is “survival of the fittest”.
Trump / Fauci 2024!!!
pat - you missed the BIGGEST factors- Rent Prices doubles, car insurance doubles, new car price increases, Property taxes and the increase in single households.70% are now single in the range of 18 to 45 !! Not sharing rent will ruin your budget !!! No money for take ouT , beer or booze !! RESEARCH !!
He did not bring this up. It really shows he is not interested in telling the whole story
Trump / Fauci 2024!!!
None of those things are affecting him, he is so out of touch.
@@bacingram lol but he needs to report accurately.
@@angelofamillionyears4599 👍
I quit when I realized all most chain restaurants do is order from Sysco or performance food. You can make the same quality food at your house
There are a few food chain restaurants / local restaurants that are really good to great. For example I'm usually a sucker for any restaurant place that cooks really good to great burgers. So me living in the south Florida area that's close to Miami, the two burger places I usually go to are Shake Shack or Burgermeister ( usually the one in Miami Beach because of route to drive there is much quicker ).
You can make MUCH BETTER food at home, by avoiding seed oils, vegetable oils and buying organic... no restaurant will do ANY of that, because it's a business.
Tipping Culture is a reason my wife and I do not go to restaurants anymore. The expectation of a massive 15-25% tip on a burger combo at a steak house is more then enough to keep us away. Tipping has got out of hand especially since food prices have gone way up.
I actually saw a tip jar at a supermarket customer service counter 🤯
TIPS
To
Insure
Proper
Service
I share the same sentiments, it's an entry-level position why I am required to tip an additional $25-$30 to a young adult who put in an hour of "work" 🤷🤦
@@paceflchickThen it should be TEPS.
Move to Australia. Tipping culture is a scam. Much better here with award rates/wages.
pfzier mRNA= myocarditis
Trump / Fauci 2024!!!
Uber eats is such a rip off they upcharge and charger more for a large coke than going to that same restaurant people are stupid for paying that money
They charge the restaurant like almost 40%
If you are so lazy and can afford to pay people to bring your food, you can pay $100 per delivery.
Haha so bad. I ordered panda one night, just a 2 item combo. It was like over $30 delivered. Unreal!
@@ohsweetmystery you sound like a jackass I never do order I think it’s stupid an no you don’t deserve tip for a job you sit down at
Because the restaurant loses %40
Everyone fails to mention executive pay that is beyond sky high, it has left earth’s orbit.
PBD loves sky high executive pay tho
Boeing's CEO testified this week that he got a 45% pay raise last year. Over $30 million a year. His workers probably got 1%.
@@jeremyweems4916 The ones that lived, anyway, lol.
@@DHEspana He's the founder and owner. Not a corporate elected CEO. Big difference. Everyone sitting to his left and right look to be very well-paid. Even the dumb one.
Trump / Fauci 2024!!!
Im sad to see my local hardware store closing down! Family owned, great service...😢
Trump / Fauci 2024!!!
I've been eating home cooked. Haven't been out to a restaurant in over 10 years. They had a good run, rest in peace..
Keep it real a lot of these food places is trash! The food isn’t good anymore and a lot of these servers and waiters aren’t good but want good tips let’s be real
with prices the way they are might as well go to the expensive restaurants same price as the trash food!!
@@lowrider5717the expensive places are infinitely more expensive lol.
Some are some are not. This was a wave of issues and they can tank them all
That food has always been bad but even the quality has gotten worse along with even higher prices.
Also folks are more mindful, if we’re going to put crappy food in our bodies it has to at least taste good(chick fil a)
Not COVID, local and state government lock down's did that!
Exactly
And the people that said no? Look at what happened to them. Are we really this weak? Seems like it.
Trump / Fauci 2024!!!
It's healthier to eat at home and it cost less !!!!
Start paying off your debt and if you can, start saving money if possible.
Grocery stores prices are high also . I was looking at Deli meat , it cost $13.99 per pound. I said Pass !!!
I'll keep on fasting !!!
hahaha i agree....fasting is an amazing diet
We simply can’t afford eating out. Prices has gone up 150% and more, 4% inflation to employees., 18-20% tip, 9% sale tax.
Anyone trustworthy enough to have strangers deliver their food is a naive fool.
What fucking world do you live in ? Restaurants seal the delivery item so you know if it has been tampered with. Also the driver's history and address is on the app.
Is that any more naïve or foolish than having strangers cook your food in a restaurant? You have NO idea what goes on in the back of the house. Maybe you are foolish?
Especially if you don’t tip 😊
I do a bit of food delivery for extra money and 100% agree with you. Ive seen full-on tweakers and some unsavory individuals doing food delivery when I'm out. No way would I let them on my property let alone touching my food..
No freaking way.
They’ve always charged way too much for very unhealthy food.
I understand all of these financial woes of the restaurants, in Washington state they have to pay their waitresses I think $20 an hour, so how is a small restaurant supposed to cope with that? But, for my $16 for one plate of noodles in a Chinese restaurant I think they should be good! I think they should be well prepared and tasty and not taste like garbage, and this is a consistent problem that the restaurants have. They've raised their prices to keep up with inflation and wages, but the quality of ingredients has gone down and the cooking quality has gone in the basement, and that doesn't have anything to do with the economy! I don't know what the reason is, but I'm tired of dropping 40 or 50 for a very small evening out, and walking away thinking "that was terrible!"
Wages do NOT cause inflation. They are a symptom.
The $20 per hour wouldn't be a problem if America didn't have the ridiculous compulsory tipping culture ... every other country in the world pays their waiters /hospitality staff a decent basic wage and that cost is factored into the price. We tip if we want to for good service - not because the staff member needs the tip to pay their rent.
The USA is THE ONLY COUNTRY IN THE WORLD that pays their hospitality staff so badly - and they think this is ok 🙄
@@niceworkabc As a Canadian I'd say our tipping culture is probably even more compulsory, but minimum wage is around $18/hr.. which is like $13/hr USD
I stopped eating out after buying my house in 2008. I buy a couple of weeks worth of groceries at a time, so I'm kind of locked into eating those groceries so they don't go to waste. When covid hit I didn't have to change my routine much, except to wear a mask inside the store and do the "6ft distance dance".
12 foot is better
Mask and 3 ft were all BS made up Fauci lies. I was kicked out of places but never complied. Saw the lies coming from a mile away
Conforming to stupidity
We all know hedgefunds destroyed Red Lobster
I don’t see this situation as dire at all. It’s great to see people cooking at home!
You couldn't pay me enough to buy any UA-camrs 'merch'
Joe Biden did that.
the country was shut down under Trump and Fauci and Trump has still not denounced Fauci or the jab!!!!!!!!
Trump started the lockdowns and is still proud about it, what are you talking about 😂😂
Yes. One Man who rules the world with his wicked hands wants to destroy businesses and tank the economy!
Lol. That's what Lunatic fringe right wingers sound like.
Trump did that. Trump was President. He claims to always be in charge and "surrounding himself with the best people". Therefore he gets the blame.
Pbd is a Zionist
I hate ordering just to see a tip % then get a look. For take out
I tip $1 on take out
Most of the problem downtown is the transients that come in the restaurant nobody wants to be around them so they stay home
Too expensive for families . Family of 4. I still eat great meals but I cook them at home .
Kevin couldn’t even explain what happened to his Millions from FTX… please spare me Kevin’s obvious remarks.
Agreed
Upscale is the only sector of dining that is thriving. Especially if it involves a membership or some other form of exclusivity.
I bought a quarter pounder and a medium fries and it cost me $12. A single smash burger costs $16 at this other place. Steak and Lobster at an upscale restaurant costs $40. So I only go to upscale restaurants when an opportunity presents it self, doesn't make fucking sense to go to McDonald or a mid tier restaurant. I make my own burger and stopped going to pubs. Me and my friends buy alcohol and drink at park lol.
That is because places like Red Lobster and Applebee’s are patronized by the working poor. These people can’t afford to go out to eat anymore.
The reason is upscale restaurants focus on quality and stayed consistent. The non upscale restaurants that focused on lower prices thought they could replace their food with cheaper food and therefore decrease the quality of their food while raising their prices to where there’s no meaningful difference in price between them and the upscale restaurants. The result is people have decided to go to the upscale restaurants to get the higher quality food for virtually the same price, because there’s no reason not to. The non upscale restaurants decided to eliminate their own competitive advantage and price themselves out of the market and handed all of the leverage over to the upscale restaurants to crush them. They obviously didn’t have to raise their prices for lower quality food considering the upscale restaurants buy much high quality, more expensive food and charge almost the same price as the non upscale restaurants charge for their lower quality food. It was entirely self inflicted by a lack of common sense.
Trump / Fauci 2024!!!
I make 6 figures and cut my eating out money by more than 50%
yes because eating at home is healthier cleaner and better for you and its too expensive with drinks and tips ect
Trump / Fauci 2024!!!
I don't like to tip, I don't like sales tax, eating out gives money to taxes, and I have to pay their salaries of witnesses. Why eat out?
Sounds like You CAN cook!?😂😂😂❤🎉
It cost $150 with no drinks plus. But then you have a service fee, cook fee, bus boy fee then you expected to tip wait staff on top of it. Done with it.
Restaurants employ young people with little or no cooking abilities. Charge the customer plenty, pay the workers as little as possible and then cry about losing customers. Even the franchises, McD's, Taco stores, the burger chains all with prices being ridiculous. No sympathy from me. None.
I delivered food for the gig apps during Covid. We were the only way they could sell their food. Drivers were considered “heroes” and “essential workers”.
Fast forward two years. Now they absolutely despise us. 😂
Capitalism is wild. You can be crying a river for some group that is being treated fairly. A week later that same group is eating the flesh of your bones and laughing. 😂
Most restaurants ask 18%-20% tips, some restaurants directly charge tips to the bills after tax. Who wants to pay??
I just experience this. Took my husband out for Father’s Day with the kids. They put a 18% tip on the bill. Our waiter was excellent and I was annoyed at first but then I said luckily the waiter was excellent. However, I would have given him more since he went above and beyond. I probably won’t go there again since they add a tip automatically. My husband said, what if he was an awful server then what. I can see that happening everywhere forced tipping.
I just experience this. Took my husband out for Father’s Day with the kids. They put a 18% tip on the bill. I was annoyed at first but then I said luckily the waiter was excellent. I think that is what other restaurants are going to start doing and they are going to lose customers. I probably won’t go there again for that reason.
@@madamenoire6830 I was fortunate to travel a few places. No tips whatsoever: Thailand, Vietnam, France, Italy, England. Ask for tips: US, Canada (Toronto 18%-20%, I’m not sure other parts of Canada). California is even worse, tips (plus surcharge in some cases) and don’t ask me why!
@@madamenoire6830 If there was a mandatory tip and I didn’t receive excellent service, I would complain to the manager. That’s actually worse than for the waiter than receiving a smaller tip. If the circumstances made it embarrassing, such as it being a large group, a client, or a very special occasion, I would call and speak to the manager during a time when the restaurant wasn’t busy.
I don't understand how Uber Eats increased revenue has much to do with restaurants going out of business. Uber doesn't make food, they deliver it from those restaurants that are now closing. Seems Uber Eats is what has been keeping those restaurants afloat.
The biggest profit in a restaurant is alcohol, and if everybody was sitting at home, not able to go to the restaurants, even though you can get Uber to bring you alcohol from that restaurant it’s not the same. There’s a very small profit margin in the food aspect of it
Soda is also a huge profit maker.
Have Uber bring you the bottle and drink at home
Trump / Fauci 2024!!!
@@Sweet-fn6poMost people are social drinkers though. They want to be able to go out and drink with friends, not sit at home
@@nashi._.7563 My comment was only for people to save and stop complaining about prices.
41.9% of adults in the U.S. have obesity so less food might actually be a good thing.....
❤
Don't forget the ridiculous sized soda's they drink with free refills. Aussie married to an American. Don't see too many of them drinking water.
@@shelby6622 Do you have ANY idea what's in the water in North America?!? It's healthier to drink Mountain Dew at this point.
Trump / Fauci 2024!!!
Tipping is also making dining exorbitantly overpriced. It also breeds some of the most ungrateful people! 👎
There would be no need for tips if they were paid a realistic wage. I bet you are paid more than $4 per hour.
Bidenenomonics
No it’s corporate greed even after inflation back at 3% it’s also mis-managed covid by Trump leading to inflation in the first place
Bottom up middle out it's working like a charm life is alot easier for the poor and middle class let's give thank's to the liberal democratic party for the good times
Trump / Fauci 2024!!!
Great job by Rob...always a great team...great video...thanks!
Great content guys. Thank you for educating me. 👍
The food isn’t as good as it used to be to be and the service is awful.
I know you guys do everything you can to protect business but you can't have this discussion without talking about private equity buying these companies and sucking them dry.
Ruby Tuesday
Their lack of stating that fact speaks volumes
Went to Applebee's 2 years ago and sat there for almost 2 hours. They had 2 large racks of take out food sitting there. I told them they need to take better care of their sit down customers who buy drinks, and desserts, pay sales tax, and tip more. I told them I won't be back ever again, and have stuck to my word
I run two restaurants in Central KY, Uber eats went from emailing me quarterly or so to sell me on joining. Now they are straight up sending contracts on a weekly basis with reminders "don't forget to sign our docusign link". Not even sales anymore, they're panicking. Cold calling contracts into strangers emails with zero pitch. Dirty moves.
What a trend that got revealed hats off for the value created man
Why doesn't Dave just work the computer? Then he wouldn't have to do the "Go lower, go lower, go back, go back...." stuff
Pbd loves telling people what to do lol
It's super annoying. Makes no sense why he can't do the scrolling himself.
Good broadcast . . . This was worth my time . . . I'm subbed now
I can't help but wonder. At some point, maybe around 2010, we had a flood of restaurants hit the market. They can't all survive, too many franchises. And now that groceries are at your door when you arrive from work, home cooking is easier than ever.
No mention of the private equity firms sucking money right out of these places? Somebody doordashing mcdonalds isnt considering going into red lobster instead
Trump / Fauci 2024!!!
If you order Uber eats your still ordering food from a restaurant restaurants are still profiting from Uber eats.
No one profits from Uber eats or Doordash, the setup is borderline detrimental to the restaurant, but with lockdowns the restaurants had no choice but to participate in the 3rd-party delivery scam or shut down entirely.
To an extent yes, but people typically order less food when they Uber eats to factor in fees, tip & delivery charges. Alcohol & soda sales have gone down. Most people are social drinkers, they want to be able to go out and drink with friends not sit at home.
In the Midwest , none shutting down here, but new ones opening up.
I still don't understand how resturants uber eats and phram have anything to do?
What about the whole tipping issue? Prices has gone up in restaurants as well as tip “expectation” now even at Applebees the default tip is expected 20-25 percent. People don’t want those high prices on top of adding a hefty to tip to a typical mid income family
It’s the tipping. They need to just pay workers better and say bye bye to tipping with their overpriced plates.
Never used Uber eats.
None of us can afford to eat out anymore!!!!!
I can't believe it, so corporations don't just "create value"? They actually destroy it? Fascinating
Many restaurants depended on Weekday sales from office commercial towers which are now empty due to remote work.
PBD all good points but you are missing a key point to all of this. Shrink the damn the government.
Why is there a need to lobby? To gain competitive advantage through the courts or government.
Why do we need government involved in our day to day lives? Get rid of lobbying will be free from bureaucrats that benefit from lobbying.
In my opinion lobbying is legalized racketeering. Get rid of it!
Trump / Fauci 2024!!!
Agreed!
Where is the merch made? I don't see the country of origin.
As someone who most of my work was commercial restaurant re-imaging up until 2020. It wasn't only the restaurants. It was thousands of owner operated construction businesses as well. After April 2020, restaurants completely stopped spending on remodeling and imaging... they were just trying to stay afloat during a time that people couldn't go sit down and eat like they used to.
Adam has been on fire with his comments! Keep killing it bro! I liked your comparison about different companies and adapting. Also, on a different video on how patriotism is taught and how we used to do the pledge of allegiance in class.
I came an illegal immigrant and the hair on the back of my neck stood up when we did the pmedge of allegiance in school and I barely spoke english. I ended up signing up for the military and did 20yrs, I'm now retired and still to this day feel great pride in having served my country and if needed I would gladly give my life in its defence if it ever came down to it! Keep up the good work Adam!
People are gonna have to suck up the cost for restaurants offering 15+ minimum wages and the menu price hikes that go along with it unless these restaurants want high school only employee because the cost of living dictates we get jobs thar pay higher than 8 a hour. Which city where can you pay for gas, rent, utilities, groceries, car maintenance, pets etc on 8 a hour? Not where I live in rural Iowa. That's iowa! It inly gets worse the closer you are to a city and the further yiu go geographically towards the coasts. Our government for the last 30+ years have given more of a shit about themselves than the taxpayers. That's how we got to this point. It's both a red AND a blue problem for those really paying attention. We vote to give us the illusion that our voices are heard, they're not. Every four years the government pisses down our legs and tell us it's raining. Then to throw DEI and immigration on top if it. I've given up. We're screwed
the prices blew up a couple years ago wake up
@saintpatrick6681 just a couple. I said for the last 30+ if you'd read
Well said. Uniparty doesn't give a rats ass about the taxpayer.
Not yet. Pray. God is scary powerful. Prayer is power
More than 1 election every 4 years.
Pat, i'm trying to locate the video where you talk about how many days of the year are dedicated to the LGBQTA++WB society. I remember it was 147 days of the year. Can you link that video please?
You know the country is doing well when your biggest problem is people celebrating something. 😂
@@sthubbins4038people celebrating there sexual orientation is the most insecure childish thing to ever exist
@@sthubbins4038what country is doing well?😂
@@sthubbins4038 you guys dont need no 147 freakin days!!!
Happy somebody is speaking out about this because I know the restaurants are in dire straits and during covid there are so many restaurants that have to go out of business
They’ve always charged way too much for very unhealthy food.
Blackrocks buying the property and than renting it to the the supply chains.
Healthier to cook at home
Record profits without a single employee actually doing the deliveries.
Awesome content..🤙
Restaurants need to give 10% off for dine ins to get this back. Simple
This makes me mad being an UberEats driver. They are turning these huge profits yet they can't pay us shit. $3 cancelled order fees. All that non sense. And they are generating that much money. Ridiculous.
I think restaurants are suffering because the experience sucks, in lots of cases. I don't to pay $150 to take the family out AND get crappy food and poor service.
I prefer Pericles, "Just because you're not interest in politics doesn't mean politics isn't interested in you".
Not fully true, me and my dad on fathers day went to a pizza place called Sammy's. Great food great service. So its not a sure thing.
For $150, go to the butcher and buy steaks for everyone, add a few baked potatoes and a carton of ice cream and keep the change.
Great point man crazy numbers 😩
Great episode
Lobbying needs to go
o’leary killin it lately
I work in economic development with a focus on Business Improvement Districts (BIDS) as well as having managed a cowork space while this all went down in 2020. Now I work in tax and accounting for small biz. I'm a witness to everything you're discussing, first hand.
It's not just lobbying, y'all left out how much money big pharma pays to the FDA, the FDA is funded by big firm
Stop expecting others to take care of you. Prepare your own food.
I love kevin O learn
Citizens United ruling by SCOTUS about 10 years ago needs to be overturned! This will put voters back in charge as the citizens the politicians need to impress while in office, not the massive big $$$ campaigns that most of our politicians now expect from corporate donors through their Super PACs.
You should talk about the 25% cut that most of these delivery companies take off the top from the restaurants…in addition to the credit card fees that the restaurant has to pay. So out of a $60 tab, the restaurant only sees about $42-$44. Their answer is the restaurants should increase their prices (which Uber Eats, DoorDash, etc. encourage because they make more money because their cut is % based). This only makes the restaurants look like they are price gouging.
Increase in min wage should also b addressed
When will we start blaming corporate greed for their own demise? Lower those prices and people will come back.
They love corporations, they can never tell the truth
But they can only cut so much. Food cost are up. Imagine 200 bucks for a box of wing dings. That is what my old job had to paid to get shipped in.
Private Equity has a factor in these closings.
Trump / Fauci 2024!!!
I have noticed that in the metro Detroit area we have almost no 24 hour restaurant’s . One in a 50 mile radius we had a dozen at one time .
"It’s easy to criticize me, but they’re really criticizing science because I represent science."
- Dr. Anthony Fauci
*There's NOTHING good about Dr Anthony Fauci , he's 100% Evil* !!!
Save the climate crazy planet and live in 15 min cities. Thanks and vote conservative
You make no sense
@@nzfreeski Read the WEF and UN climate agenda and you will be enlightened instead of running your mouth. Thanks and vote conservative
I feel like we’re living in modern 2008 all over again. I remember so many stores like Pathmark, K-Mart, Circuit City, and so on being huge and then just closing
I’m in SW Missouri and for as I can see, the restaurants are packed