Friday, August 5, 2011
Buying Power Versus Disposable Income
Not good in the sense that when you made that back then it was abnormal but it went a whole lot further. Today the least you would expect is $100 given the fact if everyone tipped accordingly you should make well above that, wouldn't you think?
Now I am not complaining I do okay but here is my point. Today I bought a jug of milk that went up 40 cents in price since the last time I bought one 4 days ago. About an 8% increase.
Let me ask you a question out there to all my fellow waiters who have been in the biz for a couple of decades , Have your tips kept up with inflation?
When I started out in the business back in 1980 I saw a lot of married men with families with children to support doing their thing with the gueridon and flambes right at the table. They were real professionals doing a fine job at their craft. The money they made paid for gas , mortage, car payments etc..Most of the time back then the wife didn't even have to work.
Today do you see a lot of older married men who are empty nesters plying their trade out there? I will tell you this if you do, take a picture cause these people are the last of the dinosaurs out there.
It is just my opinion but this industry here in North America anyway the only people you see are single , or with a partner and no kids. Or gay and not that I have anything against gays but they do not generally have kids.
Okay finally who out there is doing this full time as a primary income that is married , has kids , a mortage and if you don't would you be able to depend on the same income you make to support a family?
Think about it. This profession will just be a bunch of part timers soon. No experience necessary just carry the plates and take the order.
I don't want to sound like a pessimist but when I bought a jug of milk today that costs me 40 cents more I don't think in the next 10 years being a waiter is going to be that great. You will make the same then as you do now and that price of a jug of milk will double.
What do you think???
Radio talk show host of "The Hospitality Industry News Network" and author of "You Only Live Once" about his early years traveling around and working on ships and foreign countries Steven blogs about his thoughts on the restaurant industry as he sees it today.
Check out his web site at www.stevennicolle.com for more information.