Re:The state of the restaurant industry
by milesskorpen on Tuesday March 17, 2020 @06:32PM
(#22611295)
It's a SINGLE INDUSTRY that represents 10% of our workforce; I think that's more than any other. Overwhelmingly they are non-unionized. Profit margins for restaurants are very slim (avg. around 5%). Take-out/delivery is not going to come close to replacing the lost business. Many restaurants will close - many already have.
This is not to say other industries (like hotels) won't also be badly hurt. But restaurants are probably the single largest highly effected sector.
This is not to say other industries (like hotels) won't also be badly hurt. But restaurants are probably the single largest highly effected sector.