January 5, 2017

There's a Massive Restaurant Industry Bubble, and It's About to Burst

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America's Golden Age of Restaurants is coming to an end. Rising labor costs, rent increases, a pandemic of similar restaurants, demanding customers unwilling to come to terms with higher prices -- it's the Perfect Restaurant Industry Storm. Customers are no longer impressed by local, farm-sourced, and handmade -- it's expected. Those elevated expectations extend to delivery. And the rising food delivery apps promising local, higher-quality foods at cheap prices are replacing fast-dining.

 

The next phase of the gentrification of food.

Topics: Culture, Food

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