From some source or another SOTI:
It’s been a rocky year for the restaurant industry, with rising costs due to inflation and changing consumer habits driving a slew of chains with household names into Chapter 11 bankruptcy. According to those who follow the industry, there is no definable silver lining ahead for an industry in deep trouble.
Have to agree with this, because it’s a well-known fact that once food prices go up, they never come down again.
Last Sunday New Wife and I took a little trip to Sherman TX (a.k.a. the last exit off the highway before you get to Oklahoma) for a little antique / bargain shopping. (I know, I know; to most men, “antiquing” is just another term for “strap the rat cage to my face”, but I don’t mind it because New Wife and I have very similar tastes when it comes to shopping, and she is a fanatical scrimper when it comes to this kind of thing.)
Anyway: Sherman is not in the middle of nowhere, but you can certainly see Nowhere from the town square. One would expect a small town to have small-town prices, and indeed, the wares are the antique mall were very reasonable. (Not that we bought anything, but still.)
On the other hand, it was when we went out for lunch that the shock hit home.
You see, I’m in charge of the grocery shopping chez du Toit, so I’m accustomed to the price increases in food — I’ve ranted about it often enough on these pages — and I’ll be honest and say that we haven’t eaten “out” in about four months, other than the occasional takeout order of fries from Sonic and the like.
So we treated ourselves to a small BBQ lunch at the Cackle & Oink [sic], a nice little place just north of town. Modest premises, hometown feel, lots of locals inside… you know the drill.
And two small meals with iced tea came to over $50.
I nearly passed out.
Look, BBQ has always been kinda spendy, I know. But in the past, a small order of ribs and brisket (our normal fare) seldom ran over $30, or maybe a tad over with the tip. But $50???
Somebody told me the other day that two burgers at Five Guys now costs in the region of $40, and I couldn’t believe them. Now, I do.
It just means that we’ll be eating at home in the future, and if my prognosis about food prices is indeed true, we’ll never be eating out again. What a lovely prospect (and just when we were beginning to claw ourselves out of our recent abject poverty, too).
And for restaurants, the prospects will be similarly gloomy, you betcha.
I don’t know what could possibly avert this situation. Maybe a Trump election would help, in that some sanity will be restored and inflation tamed, but somehow I doubt it.