The cost of dining out

Really informative article from The NY Times about the rising cost of dining out at a nice restaurant.

Surprising to see that the cost of dinner out in Charlotte is what a dinner out in NYC can be. Reading the comments always provides a chuckle in how clueless some people can be.

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Reading the comments is never a good idea.

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Just read that article. I appreciate
the way the reporter details specifically how costs have increased. What an eye-opener.

I will say that we pay a lot more attention to what we order on a menu than we used to. It’s easy to run up a bigger tab than we’d come to expect.

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You can say that again. I had brunch in the theatre district (NYC) on Sunday and paid $80 for a steak Caesar salad and two Bloody Marys after tax and ~22% tip. Granted, it was a tourist trap right next to a theatre, chosen for convenience ($$$) rather than food quality, and I knew that going in, but still. Pre-pandemic I would have expected the same experience to cost closer to $60.

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Paywall.

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Yah, saw that this morning. Interesting breakdown!

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Here is a “gift” link to the article. Fingers crossed that it will work.

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Thank you! Interesting article. I know there are shipping containers stuck lots of places but, judging by the number of trains running through our town from 4:00 AM to late night, some things are definitely getting through.

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Worked for me… Thanks!

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The average pretax profit margin for the typical restaurant with annual sales of $900,000 has dropped to around 1 percent from about 5 percent, according to the National Restaurant Association.

Insane. What other industries are expected to run on so little profit?

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I think grocery stores run on even less. I’ve heard they typically are in the 2-3% margins range. I guess there is always a sensitivity to that line when food is involved, between what is high end and we can safely target those in a particular income range and that which is the general population needs me for basic sustenance. And I don’t mean the redonkulous show off dishes like gold flaked wagyu hamburger BS.

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LOL… remember the Denny’s 2+2+2+2 breakfast for $2.22? Just saw an ad on TV and it is now $8.99 (with them bragging about the value).

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NYT interactive article:
That Dinner Tab Has Soared. Here Are All the Reasons. https://www.nytimes.com/interactive/2022/08/09/dining/dinner-bill-restaurant-costs-inflation.html

" When the check hits the table at Good Food on Montford, an upscale yet casual restaurant in Charlotte, N.C., all the headlines about inflation suddenly add up to a hard number — and serious sticker shock. "

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  • An window of opportunity for companies to boost profits thanks to inflation is shrinking, experts say.
  • Consumers are likely to spend less moving forward, potentially stamping out “greedflation.”
  • Other experts say companies won’t be able to absorb higher input costs and thereby inflate prices.strong text
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There’s an identical thread here. The cost of dining out - #12 by ScottinPollock

Do we need a duplicate?

To keep spending about flat, those who find their dining out now costs fifty percent more will go out twice instead of three times during the “billing period”. If your dining inflation rate is a one-third increase, then it’s out to eat three times instead of four.

When I worked third shift, that was my supper.

I was just at a new Mexican place with my dearest. Things are up a few bucks; but the food was good and the service was EX, so I was generous with the tip. Even then, $30 for lunch. I’ll still patronize any place that serves up the goods, consistently, and with fine service. What a nice, family run, little place.

More money at every turn.

All I can say is that it’s a good thing we know how to cook! I feel sorry for restauranteurs who are stuck between a rock and a hard place. They need to raise menu prices to cover rising costs but doing so will drive away customers. I love to dine out but will be doing it less often and will be going “downmarket”
Restaurants.

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It’s an interesting order – starting with three different cocktails. Bread, 3 sides, 5 presumably small plates that seem a bit awkward for sharing, and three desserts. No wine?

There are a lot of high end places in Charlotte. It’s a banking center and the big banks pay their Charlotte employees the same salaries as their NYC and SF employees. The joke is that new hires in NYC live i 1 br apartments and those in Charlotte buy 5 br houses.

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I took up home cooking on an advanced level 6-7 years ago, because I was tired of paying high prices at pretty fancy restaurants for dishes I felt I could make better at home.

Inflation has only made my original drive to cook at home even more strong.

I also in general hate the waiting times at restaurants - I get easily bored and drink too much wine/beer while waiting for my meal at restaurants.

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