Interesting article:
https://www.thrillist.com/eat/nation...y-bubble-burst
Not exactly a shocker that a successful restaurant in San Fran eventually gets crushed by rising costs, so I don't think it's realistic to look at this guy and declare the whole industry is a bubble.
However, with rising minimum wages and Trump's immigration/deportation plans eventually coming into effect (topics that I am not too well versed on), I'm wondering how the industry as a whole looks in the next 5 years.
Will restaurants be pivoting their business plans to accommodate higher wages and fewer immigrants, or is the industry cushioned heavily by patrons that don't mind taking the loss?
Does that pivot look like more delivery, fewer table tops, fewer waiters? Is there a specific company that could benefit from disrupting this environment?
Robotics are already marginalizing a lot of lower-paying jobs. This industry seems to be currently unaffected by robotics, but stands to lose a lot of jobs if the ideal business plan has to pivot into more takeout.
Some charts for reference:
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