I agree but let's continue with that story. Let's remember that the beginning of the story was the labor shortage. So not enough people to serve in all restaurants at a competitive price.
Let's suppose some restaurants decide to raise prices. Customers decide to go to a place that's cheaper but... it is packed. Shortage, remember? Free market dictates that higher demand than supply makes the prices go up.
If client CAN go to a cheaper venue then we are not in a position of shortage.
In the end, look at places like Scandinavian countries: salaries are high and going to the restaurant is very expensive. When you think about it, being served by humans is actually a luxury and as global wealth progresses, this should become less and less common.
I really hope that the future of restaurants is either fully automated fast foods or high end luxury restaurants that people work out of passion, and that you can afford maybe oncee every months.
Let's suppose some restaurants decide to raise prices. Customers decide to go to a place that's cheaper but... it is packed. Shortage, remember? Free market dictates that higher demand than supply makes the prices go up.
If client CAN go to a cheaper venue then we are not in a position of shortage.
In the end, look at places like Scandinavian countries: salaries are high and going to the restaurant is very expensive. When you think about it, being served by humans is actually a luxury and as global wealth progresses, this should become less and less common.
I really hope that the future of restaurants is either fully automated fast foods or high end luxury restaurants that people work out of passion, and that you can afford maybe oncee every months.