{"id":13296,"date":"2015-11-16T09:00:02","date_gmt":"2015-11-16T14:00:02","guid":{"rendered":"http:\/\/www.Centives.net\/S\/?p=13296"},"modified":"2015-11-16T08:40:04","modified_gmt":"2015-11-16T13:40:04","slug":"the-economics-of-diners","status":"publish","type":"post","link":"http:\/\/www.Centives.net\/S\/2015\/the-economics-of-diners\/","title":{"rendered":"The Economics Of Diners"},"content":{"rendered":"<p style=\"text-align: center;\"><img loading=\"lazy\" decoding=\"async\" class=\"\" src=\"http:\/\/www.Centives.net\/S\/wp-content\/uploads\/2015\/11\/111615_1337_TheEconomic1.jpg\" alt=\"\" width=\"640\" height=\"376\" \/><\/p>\n<p>Diners are known for their seemingly endless menus, quality food, and wonderful atmosphere. They&#8217;re going out of business, writes Aaron Elstein, at least in New York anyway:<\/p>\n<ul>\n<li>The number of NY diners has decreased from 1,000 to 398 in a generation.<\/li>\n<li>The biggest problem is rent. The extensive inventories require extensive storage space and rent can be as high as $25,000 a month.<\/li>\n<li>Employees have to be skilled enough to make 400 different dishes and master 60 different types of salads.<\/li>\n<li>Food prices change all the time but updating a diner&#8217;s voluminous menu to reflect new prices requires thousands of dollars for new printing.<\/li>\n<li>Landlords, for their part, prefer renting space to national chains like Applebee&#8217;s because they know they can go to the corporate parent if an individual restaurant owner fails to pay rent.<\/li>\n<li>On the other end of the spectrum food trucks are putting pressure on margins by offering short, focused menus which lead to low-priced food.<\/li>\n<\/ul>\n<p>The full article looks at the Greek origins of diners and interviews owners of some of New York&#8217;s best diners. Read it <a href=\"http:\/\/www.crainsnewyork.com\/article\/20151025\/HOSPITALITY_TOURISM\/151029907\/where-have-all-the-diners-gone?curator=MediaREDEF\">here<\/a>.<\/p>\n<p>Source: <a href=\"http:\/\/www.crainsnewyork.com\/article\/20151025\/HOSPITALITY_TOURISM\/151029907\/where-have-all-the-diners-gone?curator=MediaREDEF\">Crain&#8217;s<\/a><\/p>\n<p>Via: <a href=\"http:\/\/marginalrevolution.com\/marginalrevolution\/2015\/11\/the-economics-of-diners-in-new-york-city.html\">Marginal Revolution<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Diners are known for their seemingly endless menus, quality food, and wonderful atmosphere. They&#8217;re going out of business, writes Aaron Elstein, at least in New York anyway: The number of NY diners has decreased from 1,000 to 398 in a generation. The biggest problem is rent. The extensive inventories require extensive storage space and rent [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":13295,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-13296","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily-bulletin"],"jetpack_featured_media_url":"http:\/\/www.Centives.net\/S\/wp-content\/uploads\/2015\/11\/111615_1337_TheEconomic1.jpg","_links":{"self":[{"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts\/13296","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/comments?post=13296"}],"version-history":[{"count":3,"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts\/13296\/revisions"}],"predecessor-version":[{"id":13299,"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts\/13296\/revisions\/13299"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/media\/13295"}],"wp:attachment":[{"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/media?parent=13296"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/categories?post=13296"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/tags?post=13296"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}