Reply to Do food prices seem even higher than usual?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]NYT just did an article that even though producer and wholesale costs have gone down, companies and [b]restaurants are not lowering prices because consumers are willing to p[/b]ay. Companies are incentivized by profit and as long as the market is willing to pay higher profits they are not giving up their profit margins. In many areas of food, there simply aren’t enough competitors to drive down consumer prices.

It’s sad but people will need to become unemployed and simply not have enough money to buy things for any of the companies or restaurants to lower prices. This is capitalism which isn’t a bad thing but without enough competitors it doesn’t work for the consumer. [/quote]
Not this consumer. We've completely stopped going to sit-down restaurants and have also severely cut back on takeout/fast casual. They can go fool someone else.[/quote]

+ 1. We used to go to sit-down restaurants as a family every couple of weeks. Now we rarely go, even though our income is higher. Even fast food can cost $50+ for a family meal.[/quote]

Thank you. Restaurants are quieter now but still good flow. No kids screaming or running up and down the aisles.[/quote]

Hmm, all I ever hear from people in the restaurant business is that they are barely hanging on by a thread and people need to eat out more and tip more heavily.[/quote]

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