Is the Restaurant Industry in Recession?

The video discusses the challenges faced by the restaurant industry, including the cost differences between eating at home and dining out, and the impact of food deflation and rising labor costs. It explores the potential economic implications, such as a recession, and demographic factors like the retirement of baby boomers affecting casual dining and department store sales. The video also analyzes wage increases in the leisure and hospitality industry and how food deflation is currently aiding restaurants in managing margin pressures.

What are the implications of rising labor costs for the restaurant industry?

Discuss the potential long-term effects of the current economic trends on the restaurant industry.