Gen Z are shunning private equity's restaurant takeover

(theguardian.com)

2 points | by helsinkiandrew an hour ago ago

2 comments

  • N_Lens an hour ago ago

    Beast of capitalism is an ouroboros - a snake devouring its tail. The more they try to squeeze everything for money, the more only the things outside their grip thrive.

  • bell-cot an hour ago ago

    > The conversation recently hit TikTok, when a user who goes by the handle @thedilligentdiva compiled a list of such New York restaurants to avoid...

    > Commentators chimed in, listing other places owned by private equity and lamenting its presence in the industry. The consensus was grim: “It’s sad once you realize it’s really hard to find real mom and pop,” and “So we cooking and eating at home.” ...

    Loads of bemoaning how "real mom and pop" restaurants are an endangered species. But no mention of the grim realities of such places - 9/9/6 or worse hours for mom and pop, low pay, ever-rising supplier prices, debt, ...