The restaurant industry continues to see dire inflation and staff shortages nationwide. Chef and restaurateur Bobby Flay joins CNN This Morning to discuss what it will take to overcome these challenges. #CNN #News
Bobby Flay breaks down how restaurants are beating inflation
As a person who’s actually in the food service business who sells to restaurants all days the problem is abysmal. I’ve never seen it so bad.
Flay complains about having to give benefits! Pre-covid they were paying horrible wages with no benefits, so good that they need to pay more.
Yet they’re downplaying and lying to Americans because in their rich little bubble everything’s fine
It will take biden out of the WH to fix the problems. It’s not just restaurants, it’s all businesses.
Going out to eat is a waste of time these days. All the food sucks. It’s missing its feelings
If you are understaffed right now and your employees are doing more than one job to cover it and you are saving money on labour costs…you might be the problem
What is your suggestion, then? Closing the restaurant?
@Mark . Yeah not every business deserves to be in business.
If a bottle of wine will cost me 40 bucks, I’d go to a different restaurant.
You aren’t going to the restaurants Bobby is going to. Lmfao
$40 for a bottle of wine is cheap
Last fight https://youtu.be/7Gf6-IgljyE
You won’t ever pay that for your Boone’s Farm.
2 buck chuck. The choice of the discerning wino.
I rather eat at home that way I know my food is fresh and hot. And besides I already paid for it.
“…my food is fresh and hot.”
And safe.
And prepared they way you like it.
Right, and Doordash is just bringing them further down!
Same way they always have overcharge for food and not actually paying the workers . It’s pretty simple
The workers choose to work there
Last fight https://youtu.be/7Gf6-IgljyE
Let’s ask a restaurant owner how to fix economy…..
He closed 3 of his restaurants recently.
Excellent interview
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Ultimately, the restaurateur will need to renegotiate the monthly leasing costs for the real estate. Historically, fat, lazy real estate investors have managed to regularly increase lease costs and make fortunes for themselves by doing nothing other than raise the financing to buy the property. Now, with retail establishments becoming less popular thanks to online shopping, the walk in trade for restaurants has significantly declined. If restaurateurs don’t renegotiate lower rents, they will not survive, it’s that simple. Correspondingly the property owners will wind up with vacant property, thus reducing its commercial value. The age of making effortless money from commercial property investment is dead.
It’s not by not passing it on to the customer because like everything else, eating out is ridiculous price wise, whether sit down or fast food
Wow the restaurant business is some powerful stuff I didn’t even know that was going on🤔
I always tip the servers well, I appreciate them. One of the most “American” things we can do is go out and get a good meal. Hope the Dem’s don’t screw that up too…
This segment proves a very sad point. Offering potential employees bonuses, benefits and better pay should be the NORM, not the exception. The fact that it’s so clearly stated that these things are being offered as special incentives to convince people to come back to work under dire circumstances shows how under appreciated a lot of workers were before covid. There isn’t a shortage of workers. There are plenty of workers in America. There is definitely a shortage of positions/jobs/management that respect workers, their skill and their time.
There’s a shortage of piles of money lying around to pay workers. Most restaurants don’t have the luxury of huge margins and wiggle room and have very very high operating expenses.
Does this mean that now that restaurants started to pay their employees proper wages will this eliminate 22%, 25%, 30% tips? Wishful thinking..
Inflation hits people a lot harder than a crashing stock or housing market as it directly affects people’s cost of living that people immediately feel the impact of. It’s not surprising negative market sentiment is so high now. We really need help to survive in this Economy. The fin-Market;s have underperformed the U.K and U.S economy as fear of inflation hammers the prices of stock;s and bonds. My portfoliio of $250k is down to $192k any recommendation;s to scale up my return;s during this crash will be highly appreciated.
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@Holland Hoff you cool with that?
Group of scammers
Funny how these business owners can take money out of the cash register to personally enrich themselves and their partners but then cry poor when there’s no money left in the cash register.
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