Posted by Sam Fenny - Memes and headline comments by David Icke Posted on 19 June 2024

The Restaurant Apocalypse of 2024 Is a Really Bad Sign

Americans love to eat out. But recently, many have reported that even fast food costs too much due to inflation and the demands of higher wages. Hundreds of popular restaurant chains have closed locations this year, which is concerning. You might call it the restaurant apocalypse.

When a meal for one person at McDonald’s costs nearly $20, most folks would rather add that money to their ever-climbing grocery bills. People are choosing not to eat out anymore, and that is a really bad sign for the economy in more ways than one.

The workers are affected, the franchisees are affected, the landlords of the restaurant properties are affected, and then there are all the other bills that don’t get paid because of the initial folks who lost income.

What restaurants are closing?
Recently, you may have heard that Red Lobster has recently closed dozens of locations with more on the chopping block. But that’s not the only place shuttering their shops. They’ve filed for bankruptcy and many blame its ill-fated Ultimate Endless Shrimp promotion as being the straw that broke the lobster’s back.

Fifteen Pizza Hut locations in Indiana closed overnight due to a financial dispute with one of its largest franchisees. And there could be many more to come.

The dispute centres on millions of dollars in unpaid bills and puts 129 more locations in Illinois, Georgia, South Carolina and Wisconsin at risk of closure. (source)

Applebees has closed more than 300 restaurants in the past year, and another 25-35 locations are due to close this year.

Boston Market used to have hundreds of locations but is now down to only 27 remaining after abrupt bankruptcies.

It’s also the end of an era at Steak ‘N Shake. They’ve dwindled from more than 600 locations to 148 over the past few years.

Other restaurants closing locations include Denny’s, Hardee’s, PDQ, MOD Pizza, TGIFriday’s, Dairy Queen, KFC, Cracker Barrel, Outback Steakhouse, and Arby’s.

Whether you eat at these places or not, the abrupt closures are sending ripples through the economy.

Read More: The Restaurant Apocalypse of 2024 Is a Really Bad Sign

The Dream

From our advertisers