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from the employees-can't-afford-to-be-customers dept.
Casual dining is in danger — and millennials are to blame.
Brands such as TGI Fridays, Ruby Tuesday, and Applebee's have faced sales slumps and dozens of restaurant closures, as casual dining chains have struggled to attract customers and grow sales.
"Casual-dining restaurants face a uniquely challenging market today," Buffalo Wild Wings CEO Sally Smith recently wrote in a letter to shareholders.
According to Smith, these sit-down restaurants' struggles can blamed on the most-frequently besmirched generation: millennials.
"Millennial consumers are more attracted than their elders to cooking at home, ordering delivery from restaurants and eating quickly, in fast-casual or quick-serve restaurants," Smith wrote.
Millenials are too focused on food ordering apps and healthy cuisine.
(Score: 0) by Anonymous Coward on Tuesday June 06 2017, @03:49AM (1 child)
When the fox eats the rabbit, the fox is re-appropriating the resources of the rabbit against the rabbit's will; clearly, this is not a voluntary trade, and thus this is not an example of capitalism. (And, please, let's not forget that capitalism is an iterative process; it doesn't matter that the current distribution of resources has a sordid history.)
The coercive relationship between these two entities (the fox and the rabbit) yields something like subsistence—exactly the kind of existence that humans lived for most of their history. Then two things happened:
Technological advancements allowed for handling the logistics of capitalism (e.g., negotiating contracts, resolving disputes, and enforcing contracts, all of which require logic and numeracy and measurement of value, etc.).
A philosophical codification of capitalism as part of the culture. (for instance, it doesn't matter that one man is born of a noble family, while another of a peasant family; what matters is that their interaction be governed by a framework of agreements in advance; the nobleman must purchase meat from the butcher.)
Despite the fact that both of these developments are still woefully primitive, the result has been the greatest unlocking of productivity (and thus the greatest accumulation of wealth) that this part of the Universe has ever seen.
Get it yet?
(Score: 1, Redundant) by c0lo on Tuesday June 06 2017, @11:02AM
What, wealth? No, not yet.
I wonder why?
(grin)
https://www.youtube.com/watch?v=aoFiw2jMy-0 https://soylentnews.org/~MichaelDavidCrawford