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Response to JackRiddler (Reply #14)

Thu Oct 15, 2015, 03:56 PM

21. Data trumps anecdotes

I have anecdotes too. It's absolutely impossible to get a seat in a midprice restaurant here most evenings. Not the swanky truffles and champagne places of the 1% (not that kind of area) but still a place that charges $6-7 for a decent 20oz beer and $10 for burgers. So a place that depends on this supposedly disappearing middle class for sure - you are unlikely to see Trump or the Kochs at a Red Robin. I even have data too. In 2004 there were 300 BWW locations - loud, eternally crowded, overpriced places where decidedly blue and grey collar types spend a fortune watching people throw balls of various sizes on TVs the size of a Napoleonic warship's mainsail. In 2008 at the height of the recession there were 500. Today it's over 1000. You'll find a line waiting for a table at most of them within 4 hours from now. It's not the 1% doing that, it's those median earners spending those real dollars from the posted data you don't believe.


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FBaggins Oct 2015 #1
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