Talk of The Villages Florida - Restaurant Inflation in TV

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I don't get it! You complain about the quality and portion of the meal but you don't want to pay for it! I suspect we " ain't seen nuthin yet"!

[QUOTE=aln;839765]This is why I don't understand why people get excited about Gators Dockside STATING they will charge 1% for the AHCA.

Because folks that don't support Obamacare don't want there noses rubbed in it when they have to pay for it. Just shut up and raise the price if you need to - don't make it a political statement 'cause then I in turn need to make a political statement by not patronizing your business.

Quote:

Originally Posted by wendyquat (Post 840078)

I don't get it! You complain about the quality and portion of the meal but you don't want to pay for it! I suspect we " ain't seen nuthin yet"!

Retired people will be squeezed but low income people will be in big trouble. Today's generation for the most part does not save for retirement. The way things are going things are about to get very very expensive. Watch out for Hyper Inflation folks.

Quote:

Originally Posted by BarryRX (Post 839868)

I am always amazed that we live in a fairly conservative community among people that talk about capitalism and the benefits of a free market. Yet, when it comes to the most basic of economic principals, namely supply and demand, they don't understand. If you were in economics 101 and the professor said "if the demand for a product rises (the number of people trying to get into restaurants) and the supply says pretty much the same (the number of restaurants available), what will happen to the price for that product?" I'm sure everyone will answer that the price will rise. How far will it rise? Until supply and demand equalize. Supply and demand (among other factors) is what influences the CPI, not the other way around. Raising prices in a restaurant is not price gouging as the OP stated. It doesn't even fit the definition.

Hi BarryRX: You are absolutely correct. However there is another economic principal to counter supply and demand and its called elasticity". How much are you will to pay for a slice of pizza? Two slices? three slices? four slices?

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