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bellwether of current economy

bellwether of current economy

(post is archived)

[–] • 4 pts

$150k/year is "rich"? Dining at Olive Garden is for "rich people"? Not to long from now, anyone with more than $20 is going to be considered rich.

[–] • 2 pts

I hate headlines like this. They are talking about Darden's data, which owns Olive Garden, but most people haven't heard of Darden, so they call it 'Olive Garden' to simplify the headline.

However, Olive Garden is just one of the restaurant chains they own; they also own Ruth's Chris Steakhouse and the Capitol Grille, high end chains that rich people do dine at, so they have data from all over the spectrum.

[–] • 1 pt

I don't care how much you make Olive Garden just isn't a good value for the money. A few ounces of protein some sauce and pasta and that is 18 to 20 bucks. Naw... Much better restaurants to spend my money at.

I do really like their zuppa toscana though. I can't hate on that.

[–] • 0 pt

The unlimited salad is pretty great. There are breadsticks too. I just demolish the salad then my rather lame angel hair, chicken, and Alfredo sauce makes and appearance.

But I’m recalling memories from 10+ years ago. I don’t go out to eat anymore.

[–] • 3 pts

Government fiscal policy (particularly 'rona hysterics) caused a massive economic crash followed by a K-shaped recovery where the wealthy saw their assets go to the moon while lower and lower middle class people were kneecapped by 'rona era layoffs and subsequent "stimulus" inflation.

Just for a sense of how dramatic this disparity has been, my lower class friends? They're worse off now than they were 5 years ago due to inflation. Myself? 6x my assets because all that money printer go brrr pushed asset prices into the stratosphere. Under a sane fiscal policy I'd be pleased to 1.5x from a nice 8% CAGR. At this rate everyone who had assets to begin with is going to be oligarchs while working stiffs are going to be living at subsistence at best.

[–] • 2 pts

Yeah, but there is a lot of, "your house isn't worth more, your money is worth less" going on.

[–] • 2 pts

Yeah, housing prices are largely nominal increases because it's really just inflation. Most of my gains where equities because of all the capital that pooled there.

[–] • 0 pt

This is why workers must own the means of production

[–] • 1 pt

Moat workers are, unfortunately, uninterested in capital investments.

[–] • 1 pt

Or can barely keep a roof over their head and food on the table, nevermind investing.

[–] • 2 pts

Even people who have money are pissed about the tipping culture. If I go somewhere and get take out, they don't even have seats to have a sit down meal there, why the fuck would I give a tip? I'm surprised gas stations aren't asking for tips. The constant begging that everywhere is doing is a definite turn off.

[–] • 2 pts

I never tip at carry out places.

[–] • 1 pt

I do but only because I pay cash and tip the coinage. I often get a dirty look because of it, paying cash doesn't give them the chance to flip the screen and pretend to look away. I used to work in a restaurant and unless things have changed the back of house aka the people who made my food don't receive tips. If I don't like the host I just leave the small coins and pocket the quarters

[–] • 1 pt

If they have a host it isn't a true carry out place. I'll tip the host when getting food from sit down restaurants, but not that much. I hardly ever get food this way though.