4 ms·
It's a SINGLE INDUSTRY that represents 10% of our workforce; I think that's more than any other. Overwhelmingly they are non-unionized. Profit margins for resta
by milesskorpen 7y ago
It's a SINGLE INDUSTRY that represents 10% of our workforce; I think that's more than any other. Overwhelmingly they are non-unionized. Profit margins for restaurants are very slim (avg. around 5%). Take-out/delivery is not going to come close to replacing the lost business. Many restaurants will close - many already have.
This is not to say other industries (like hotels) won't also be badly hurt. But restaurants are probably the single largest highly effected sector.