The Wall Street Journal reports Restaurants Add New Fees to Your Check to Counter Inflation
Fees for a “noncash adjustment,” “fuel surcharge,” or “kitchen appreciation” have been showing up on more bills lately. Industry analysts say this wave of surcharges is mostly being driven by restaurants trying to cope with the impact of rising inflation and a tight labor market on their bottom lines. In addition, Mastercard and Visa in April raised transaction fees for many merchants.
Lightspeed, a global developer of point-of-sale software, said fee revenue nearly doubled from April 2021 to April 2022, based on a sample of 6,000 U.S. restaurants that use its platform. The number of restaurants adding service fees increased by 36.4% over the same period.
Fee Examples
- Romano’s Macaroni Grill added a “temporary $2 fee to offset macroeconomic pressures”.
- Saltie Girl added a “kitchen appreciation fee”
- Ally Restaurants adds a “wellness fee” of 3% and is considering upping that fee to 5%
- Other stores are adding supply chain surcharges, non-cash adjustments, and fuel surcharges.
What About Verizon?
Don’t forget Verizon’s $2.20 Economic Adjustment Charge on its wireless plans.
Don’t Worry, It’s Temporary!
Inflation is sure to go away after Biden decreases inflation by giving away free child care, free tuition, cancels student loan debt, increases sanctions on Russia thereby eliminating supply of goods, builds windmills all over the desert, and forces everyone into electric vehicles with a questionable supply of lithium for batteries, while jacking up lumber and solar panel tariffs to create union jobs in the US.
The above is nicely offset by tapping the strategic oil reserves to lower the price of gasoline by a few pennies per gallon and also by raising taxes on companies that will allegedly not raise prices in response.
If, that sounds ridiculous, it’s because it is ridiculous. But that’s Biden’s plan to reduce inflation.
In case you missed it, please see my Hoot of the Day: Biden Plans to Pay Down National Debt.
The amazing thing about Biden’s plan is that not only will all this free stuff lower inflation, it will also allow government to pay down the national debt.
This post originated at MishTalk.Com.
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Mish
OPEC+ says they are increasing production, but every month they fall far short of what they are supposed to produce. They were supposed to add 432,000 extra barrels in April, but only added 10,000 barrels. Its like that every month.
Updated 22 hours ago
As layoffs become more commonplace in the increasingly volatile tech startup landscape, another trend is emerging. A growing number of LinkedIn members are reporting that offers they have received to join a new employer are being rescinded. Coinbase, for instance, has begun pausing all new hires and is also “pulling some accepted job offers.” The trend to take back job offers exemplifies the turmoil facing the tech sector’s market. Venture capital-backed firms are being hit especially hard as investors abandon risky bets and seek immediate returns.
Give power to morons and this is what you get
Biden has a secret stash of vinyl fencing he’s using to build blinds to hide the nefarious activities at Pedo Pizza Kitchen franchises.