60% of Restaurant Closures Permanent, More will Close

It's worse than I thought. That is a lot of unemployed people already working at low wage jobs. Real unemployment is at 18-20%. Shopping malls face permanent closures. We need a jobs program, single-payer and a UBI.

Yelp report: 60% of restaurant closures permanent, more will close - Business Insider

 

Things change.

 

Corona to blame... and the citizens.

 

They do not want to serve dogs and slaves with muzzles so they close the business.

 

Yup.

 

Don't be crazy talking, now!

That 60% is the natural attrition rate over any given 3 - 5 year period, but it's just concentrated into 6 months. Those outfits were always going to fail, because they chose the wrong model and/or had insufficient capital to ride out long downturns or nil trade. NO human society needs the berserker number of restaurants/cafes which currently exist. The eating out habit is making us lazy, incapable of preparing our own meals, and broke. A 60% reduction is a very good thing, no matter how you look at it.

As for work .. why there's plenty! Food is being ploughed into the dirt because no one is picking it or distributing it. Better housing (tiny houses constructed from salvaged materials, and set up in rural 'villages', off grid) for the genuinely poor needs building. Families need to make space in their gargantuan suburban homes for additional families .. and that takes labor. No one need ever lack work, or ever go hungry - it's awesome!

 

We've only lost an IHOP, and it may have closed before march.

Is anyone else seeing their local restaurants closing up for good?

60% seems crazy high, locally were at under 1%

Edit... the link says the worst in cali, with 15 per 1000 total and only 7 are permanent, that's not a dramatic figure at all IMO.

Reads a little click baity...

 

When I first heard the number I thought it was high, and Crank makes some good points about restaurants doomed to fail - most do - but nonetheless, people aren't taking the destruction wrought by the Democrat Lockdowns as seriously as they should.

But the upcoming eviction/foreclosure crisis will get their attention I'm guessing...

 

If its 7 out of 1,000 facing permanent closure. Then we just weeded out the weak ones and I have no concerns.

 

I hope the numbers are that low, but I think far more restaurants than that fail in a given year, as Crank brought up.

Bottom line: We got trouble

 

It's not just restaurants.

 

I was using info from the op's link.

 

Hoping the numbers are that low, as noted, but I don't see how they could be; who knows what the numbers ACTUALLY are.

Any way you slice it, we got trouble.

 

Doesnt look bad to me based on those figures. If this was a pie chart, the slice being discussed would barely be visible.

 

It's bad, but those numbers are suspect in numerous ways.

We're in serious trouble - that's the bottom line.

 

Agree that 60% "Permanent" closing seems high - but yeah I can see 60% being on the brink at this point. How much longer can a restaurant go ? - especially in tourist areas or where restaurants rely on hotels - or baseball games - conventions -

How much longer will we be shut down for ? - there is no end in sight and in fact things are worse now in ways than at the beginning.

 

Yup.

We're on the brink of massive collapse, and no leadership in sight anywhere, just the same plutocratic plunder...

 

What difference does it make? We all exist only to serve the richest people on earth. The 24/7 bio-terrorism campaign day after week after month by the propaganda outlets of the richest people on earth - all of television, radio and the Internet - continues to serve the goals of the only people alive who matter: Jeff Bezos, the WalMart heirs, the richest people on earth who own the slave labor sweatshop factories of the world.

As they consume TRILLIONS more and pursue their goal of worldwide corporate fascism, us irrelevant people must have less money to spend so the super rich can have more and we must have no power so they have all power. Accordingly, people shouldn't be eating in restaurants as that is money they should have. We should stay in our homes - working for them - eating potatoes and rice.

Most people's real religion is consumerism of slave labor products and their prophets and priests of the super rich on TV who must never be questioned as they speak for our super rich masters and owners. Accordingly, most people agree we all must be made as poor as possible doing as little as possible except working for the rich.

Remember, all that matters is that you wear your badge of submission - your mask, stay away from other people and stay indoors as much as possible.

 

The super rich of the world must destroy the middle class to fully establish corporate fascism. The middle class (merchant class) is responsible for all human and civil rights, being the only people capable of holding the power of the richest and most powerful people on earth - so therefore the middle class must be destroyed. The middle class also consumes money all of which should instead go to the super rich.

There should only be 5 classes of people:

1. The super rich in control of all wealth, everyone and everything.
2. The government class acting under instructions of the super rich
3. The military/police class as enforcers
4. The lower working class that exist to serve the super rich
5. Large numbers of poor dependent upon the super rich for survival level of income

By taking over all info outlets as the super rich have, we now are in the fascist revolution as the middle class is being obliterates.

Pray to Jeff Bezos and WalMart. Learn Chinese.

 

Trump pulling a Bush and destroying the economy

imagine the damage Trump could do if given another 4 years

 

Trump is doing a good job of creating that reality

 

yes, there will be debate for years on the effectiveness of the Trump shutdown and reopening guidelines he issued to the States

many think Trump reacted too late, and reopened too soon, Trump basically was telling people to both open and close at the same time, Trump did not know how to lead in this crisis

 

Volcano erupted - Ash has done some damage - The Economic Tsunami has yet to hit. The longer we stay locked down - the bigger that wave will be.

Had we chosen the path of Sweden - we might well be on the verge of opening up full.

Covid-19 stats of easy-going Sweden go down as post-lockdown Europe braces for virus comeback

Now it is not like the Swedes were going around licking toilet seats - they were observing basic hygeine and so on being careful - obviously - "their Swedes" - 99% on the practical scale.

 

It's a problem. If everyone had gotten on the bus as new facts came in, we'd be done by now. But, muh freedom means just say no to masks, so, here we are. It angers me, because republicans are blaming democrats for keeping the economy shut down, but republicans are the largest group completely ignoring the guidance on how to keep the spread down, so we can open up.

They are actively preventing the economy from opening, and it angers me.

Why can't people just do the things?

And now they have the demon / alien believer convincing them that masks are dumb.

/Sigh.

 

jobs program was in full force prior to covid

more govt taking from workers and giving to non-workers is not the solution

lock-down/mask-up/ kill business all done by govt and then look to govt to be sugar daddy?

no thanks