The entire restaurant industry is “on the brink” of economic collapse as COVID-19 shutdowns and restrictions have cut sales nearly in half in some cities, according new figures released by the Independent Restaurant Coalition.
The group estimates that five out of six restaurants face permanent closure, and up to 16 million jobs could be lost.
Well-known TV chef Andrew Zimmern is behind a new TV ad detailing the restaurant industry’s politically-induced woes. The ad is narrated by Morgan Freeman who intones in that way of his that restaurants are “facing extinction.”
This comes as no surprise. The restaurant industry has high fixed costs and razor-thin profit margins typically not much better than 3%.
Already successful restauranteurs will take hits, sure, but it’s the mom & pop places — and all the people they employ — whose businesses, savings, and dreams will be crushed by this economic collapse.
“Two weeks to flatten the curve” has morphed into “however long it takes to crush the economy.”
That’s not COVID-19. That’s your city or state government at work.
The destruction so wantonly wrought on this country by an unholy combination of power-drunk demi-tyrants, opportunistic Democrat-Socialist politicians, a wholly-complicit media establishment, and a fearful, easily-stampeded populace is way beyond criminal.