1 00:00:01,920 --> 00:00:08,600 Speaker 1: It's that time, time, time, time, Luck and load. 2 00:00:09,240 --> 00:00:11,960 Speaker 2: From Michael Very Show is on the air. 3 00:00:13,160 --> 00:00:15,920 Speaker 3: Non'll talk us got though. 4 00:00:20,079 --> 00:00:23,319 Speaker 2: This is what democracy looks like. There's what democracy looks like. 5 00:00:23,520 --> 00:00:25,400 Speaker 4: This is what democracy looks like. 6 00:00:25,600 --> 00:00:28,960 Speaker 2: This is what democracy looks We. 7 00:00:28,840 --> 00:00:32,960 Speaker 5: Want the promise of a parada for everyone. We want 8 00:00:33,000 --> 00:00:34,680 Speaker 5: a voice in our future. 9 00:00:35,400 --> 00:00:38,960 Speaker 4: We are standing up in peaceful. 10 00:00:38,880 --> 00:00:43,720 Speaker 6: Patriotic process, just like our founders fall out. 11 00:00:44,320 --> 00:00:47,199 Speaker 2: No throns, no crowns. 12 00:00:47,120 --> 00:00:47,199 Speaker 5: No. 13 00:00:49,200 --> 00:00:50,960 Speaker 3: So what brings you out today? 14 00:00:51,760 --> 00:00:52,680 Speaker 5: No King's Day? 15 00:00:53,479 --> 00:00:56,520 Speaker 3: And why specifically are you out supporting no king? 16 00:00:56,600 --> 00:00:58,720 Speaker 2: Stay? I think protest is important. 17 00:00:59,680 --> 00:01:06,399 Speaker 3: Why you protesting? How much time do you have a 18 00:01:06,440 --> 00:01:10,080 Speaker 3: couple of minutes? What's the main reason you're out? Your protesting? 19 00:01:10,160 --> 00:01:11,640 Speaker 3: President agree with a lot of. 20 00:01:11,560 --> 00:01:13,520 Speaker 2: The decisions that are being made. 21 00:01:14,120 --> 00:01:16,560 Speaker 3: Is there any decision in particular you disagree with? 22 00:01:17,800 --> 00:01:18,600 Speaker 7: Were okay? 23 00:01:18,760 --> 00:01:29,360 Speaker 2: So I would start with, well, I don't even think 24 00:01:29,440 --> 00:01:31,480 Speaker 2: I don't even think it's appropriate for me to have 25 00:01:31,560 --> 00:01:39,720 Speaker 2: this interview. Then we should go to paper ballots. We 26 00:01:39,760 --> 00:01:41,760 Speaker 2: should go to one day voting, we should. 27 00:01:41,520 --> 00:01:46,000 Speaker 7: Go to voter ID and just one other thing, proof 28 00:01:46,040 --> 00:01:48,440 Speaker 7: of a thing called citizenship in the United States? 29 00:01:48,480 --> 00:01:52,200 Speaker 2: Wouldn't that be nice? How simple does that sound, and as. 30 00:01:52,000 --> 00:01:54,800 Speaker 7: We gather with family and friends, will not forget the 31 00:01:54,840 --> 00:01:57,520 Speaker 7: true source of our joy and our strength America is 32 00:01:57,600 --> 00:02:01,880 Speaker 7: put our trust in God, will always be in God. 33 00:02:01,920 --> 00:02:02,440 Speaker 5: We trust. 34 00:02:02,480 --> 00:02:03,560 Speaker 2: We will never change that. 35 00:02:04,360 --> 00:02:06,040 Speaker 5: You know there's a movement to change it. 36 00:02:06,040 --> 00:02:09,160 Speaker 2: It will not happen. We won't let that happen. 37 00:02:09,760 --> 00:02:12,080 Speaker 5: Can you imagine a movement to change that. 38 00:02:12,880 --> 00:02:17,040 Speaker 7: We've ended the tyranny of so called diversity, equity, and 39 00:02:17,120 --> 00:02:23,120 Speaker 7: inclusion policies all across the entire federal government, and indeed 40 00:02:23,160 --> 00:02:28,680 Speaker 7: the private sector and our military and our country will 41 00:02:28,720 --> 00:02:47,000 Speaker 7: be woke no longer. We're going to make our country 42 00:02:47,040 --> 00:02:50,760 Speaker 7: better than it ever has been. And I said that 43 00:02:51,240 --> 00:02:52,799 Speaker 7: many people have told me. 44 00:02:53,680 --> 00:02:56,720 Speaker 2: That God spared my life. 45 00:02:56,680 --> 00:03:05,200 Speaker 7: For a reason, and that reason was to save our 46 00:03:05,240 --> 00:03:10,160 Speaker 7: country and to restore America to greatness. And now we 47 00:03:10,240 --> 00:03:12,239 Speaker 7: are going to fulfill that mission. 48 00:03:12,280 --> 00:03:12,600 Speaker 2: Together. 49 00:03:12,680 --> 00:03:14,120 Speaker 5: We're going to fulfill that mission. 50 00:03:15,480 --> 00:03:18,240 Speaker 7: The task before us will not be easy, but I 51 00:03:18,320 --> 00:03:23,920 Speaker 7: will bring every ounce of energy, spirit and fighting that 52 00:03:24,040 --> 00:03:27,120 Speaker 7: I have in my soul to the job that you've 53 00:03:28,600 --> 00:03:32,080 Speaker 7: entrusted to me. Nothing will stop me from keeping my 54 00:03:32,160 --> 00:03:38,000 Speaker 7: word to you, the people. We will make America save, strong, prosperous, powerful, 55 00:03:38,040 --> 00:03:41,640 Speaker 7: and free again. And I'm asking every citizen all across 56 00:03:41,680 --> 00:03:45,160 Speaker 7: our land to join me in this noble and righteous endeavor. 57 00:03:45,200 --> 00:04:07,600 Speaker 2: That's what it is. My late father in law lived 58 00:04:07,600 --> 00:04:08,280 Speaker 2: in Hangawak. 59 00:04:08,720 --> 00:04:11,320 Speaker 6: When he died, he had lived all over because he 60 00:04:11,440 --> 00:04:14,320 Speaker 6: was a military man and they stationed you all over. 61 00:04:15,360 --> 00:04:19,600 Speaker 6: And a point of great pride to him was that 62 00:04:19,760 --> 00:04:23,919 Speaker 6: the club where he was a member had an MMK 63 00:04:25,320 --> 00:04:30,480 Speaker 6: painting on the wall of the far pavilions. But there 64 00:04:30,640 --> 00:04:33,440 Speaker 6: was a note still. It had been framed, it had 65 00:04:33,480 --> 00:04:37,159 Speaker 6: been tacked to the door, and paraphrase it said something 66 00:04:37,200 --> 00:04:43,040 Speaker 6: to the effect of Lieutenant Winston Churchill is hereby barred 67 00:04:43,040 --> 00:04:46,360 Speaker 6: from these premises for non payment of you know, three 68 00:04:46,440 --> 00:04:54,360 Speaker 6: pounds two farthings, and shall not be granted admission hereafter. 69 00:04:55,240 --> 00:04:56,520 Speaker 2: And they kept that. 70 00:04:56,880 --> 00:04:58,479 Speaker 6: You know, who would have guessed it was just in 71 00:04:58,560 --> 00:05:02,560 Speaker 6: the files and somebody cleaning out the files. Indians are 72 00:05:03,279 --> 00:05:06,800 Speaker 6: from the great English tradition keepers of records. They like 73 00:05:06,880 --> 00:05:13,640 Speaker 6: papers and documents and things and records. And of course 74 00:05:13,839 --> 00:05:16,360 Speaker 6: Churchill had spent some time there, and he was known 75 00:05:16,360 --> 00:05:21,640 Speaker 6: to drink well in war in battle. He would In 76 00:05:21,720 --> 00:05:25,559 Speaker 6: South Africa during the Boer War, he would famously ride 77 00:05:25,600 --> 00:05:30,479 Speaker 6: the lines on his horse as bullets were flying, and 78 00:05:30,839 --> 00:05:35,640 Speaker 6: his underlings said, it was almost as if he was 79 00:05:35,720 --> 00:05:40,960 Speaker 6: trying to martyr himself. It was as if he understood 80 00:05:41,040 --> 00:05:44,800 Speaker 6: he was destined to greatness and he needed to either 81 00:05:44,880 --> 00:05:50,400 Speaker 6: be killed or wounded to add to the legend. And 82 00:05:50,440 --> 00:05:52,640 Speaker 6: so he would ride the lines as the bullets flew 83 00:05:52,680 --> 00:05:55,039 Speaker 6: past him, and he famous. He would go on to 84 00:05:55,400 --> 00:05:59,880 Speaker 6: famously later say, there is no more exhilarating feeling than 85 00:06:00,120 --> 00:06:05,080 Speaker 6: being shot at without result. There is no more exhilarating 86 00:06:05,240 --> 00:06:12,479 Speaker 6: feeling than to be shot at without result. We live 87 00:06:12,800 --> 00:06:15,880 Speaker 6: in a time I don't know that there's more news 88 00:06:16,000 --> 00:06:21,479 Speaker 6: quote unquote happening, but there are more outlets moving faster, 89 00:06:22,640 --> 00:06:29,240 Speaker 6: and our appetite for that increases exponentially, so it just 90 00:06:29,320 --> 00:06:33,040 Speaker 6: keeps coming. The problem is we still have a brain 91 00:06:34,120 --> 00:06:38,160 Speaker 6: that with a processor that's hundreds of years old, and 92 00:06:38,360 --> 00:06:41,800 Speaker 6: it's not It has not advanced in those hundreds of 93 00:06:41,880 --> 00:06:45,760 Speaker 6: years fast enough to keep up with the flow of information. 94 00:06:46,920 --> 00:06:51,480 Speaker 6: And so as new things are coming, we're dropping things 95 00:06:51,480 --> 00:06:52,560 Speaker 6: out the back door. 96 00:06:53,160 --> 00:06:55,679 Speaker 2: The front door being these new. 97 00:06:55,560 --> 00:06:59,719 Speaker 6: Forms of information, new news stories, new bits of data. 98 00:07:00,080 --> 00:07:03,359 Speaker 6: Going to wow our friends at drinks today, We're going 99 00:07:03,440 --> 00:07:06,120 Speaker 6: to tell them how many soldiers have landed, how many 100 00:07:06,200 --> 00:07:09,760 Speaker 6: marines have landed in Iran at carg which we didn't 101 00:07:09,760 --> 00:07:12,720 Speaker 6: know what was yesterday, and the importance of Cark and 102 00:07:12,800 --> 00:07:14,920 Speaker 6: what Trump said and what someone else said, and how 103 00:07:14,920 --> 00:07:18,480 Speaker 6: many ships are going to accompany them, and something else 104 00:07:18,520 --> 00:07:21,880 Speaker 6: is getting pushed out the back. But it is very 105 00:07:21,920 --> 00:07:26,000 Speaker 6: easy to forget that Donald Trump was shot in the head. 106 00:07:26,480 --> 00:07:29,880 Speaker 6: The ear is part of the head, but for about 107 00:07:29,880 --> 00:07:35,680 Speaker 6: an inch he would have been dead. And how the 108 00:07:35,720 --> 00:07:40,320 Speaker 6: world would have changed. It was only a few months 109 00:07:40,400 --> 00:07:42,480 Speaker 6: ago that Charlie. 110 00:07:42,240 --> 00:07:43,040 Speaker 5: Kirk was murdered. 111 00:07:43,840 --> 00:07:44,680 Speaker 2: You think about it. 112 00:07:46,080 --> 00:07:50,600 Speaker 6: Less than six months ago, Charlie Kirk was murdered Broad 113 00:07:50,680 --> 00:07:57,400 Speaker 6: Daylight televised. A friend sent me the video shortly after 114 00:07:57,480 --> 00:08:00,360 Speaker 6: it happened. There was a video posted for it was 115 00:08:00,440 --> 00:08:03,480 Speaker 6: ripped down everywhere, take it down everywhere. But he ripped 116 00:08:03,480 --> 00:08:06,160 Speaker 6: it and he sent it to me. And I thought 117 00:08:06,200 --> 00:08:07,640 Speaker 6: it was ai because there's no. 118 00:08:07,600 --> 00:08:10,400 Speaker 2: Way it was real. But it wasn't. It was real. 119 00:08:11,720 --> 00:08:14,720 Speaker 6: That being said, you know when they're coming after Trump 120 00:08:14,800 --> 00:08:17,200 Speaker 6: into their no keys, and I mean, this is a 121 00:08:17,240 --> 00:08:19,480 Speaker 6: man who's been shot in the head. 122 00:08:19,680 --> 00:08:30,600 Speaker 1: You can't scare this guy, Ramona. 123 00:08:30,600 --> 00:08:33,720 Speaker 6: I'll name the position. You tell me the first player 124 00:08:33,800 --> 00:08:38,040 Speaker 6: that comes to mind as an oiler that would be 125 00:08:38,160 --> 00:08:41,520 Speaker 6: your favorite. But without deep contemplation, you don't get to 126 00:08:41,600 --> 00:08:47,439 Speaker 6: you don't get to think about it. Okay, kicker Al 127 00:08:47,520 --> 00:08:50,640 Speaker 6: del Grico. Okay, you know, I think he was working 128 00:08:50,679 --> 00:08:53,280 Speaker 6: at a meat processing plant in Alabama when they brought 129 00:08:53,320 --> 00:08:56,160 Speaker 6: him back. I think he was out of football when 130 00:08:56,200 --> 00:08:58,839 Speaker 6: they brought him. But do you have a hairlip? It 131 00:08:58,960 --> 00:09:01,120 Speaker 6: was something going on with his upper lip. I don't remember. 132 00:09:03,520 --> 00:09:06,480 Speaker 6: You think that's why he was so good. Mine was 133 00:09:06,720 --> 00:09:10,599 Speaker 6: Tony Fritch, Tony Frich pastor, and he said he was 134 00:09:10,640 --> 00:09:14,199 Speaker 6: a hoot in the uh in the locker room. But 135 00:09:14,360 --> 00:09:25,000 Speaker 6: he was Austrian wide receiver wide receiver Arnest Givens, not 136 00:09:25,040 --> 00:09:29,320 Speaker 6: Billy White Shoes Johnson. Another incorrect answer. He was a 137 00:09:29,360 --> 00:09:32,880 Speaker 6: punk returner. My punk returner would be Karl Roach, Roacher roaches. 138 00:09:33,200 --> 00:09:34,240 Speaker 6: I always get that confused. 139 00:09:34,320 --> 00:09:36,840 Speaker 2: Carl Roach. Maybe he was fun man. 140 00:09:36,880 --> 00:09:39,240 Speaker 6: You just never knew there was always a chance he 141 00:09:39,280 --> 00:09:41,840 Speaker 6: was going to bring it back. I looked him up 142 00:09:41,840 --> 00:09:43,480 Speaker 6: the other day. He played later than I thought. He 143 00:09:43,520 --> 00:09:46,440 Speaker 6: was eighty to eighty four. Here, man, I tell you 144 00:09:46,440 --> 00:09:48,920 Speaker 6: what Billy White Shoes Johnson did his dance. You know 145 00:09:48,960 --> 00:09:51,520 Speaker 6: what silly when he went to when he was in 146 00:09:51,559 --> 00:09:53,760 Speaker 6: Atlanta and he was doing that chicken dance. 147 00:09:53,840 --> 00:09:55,320 Speaker 2: I felt like he was cheating us. I was like, 148 00:09:55,360 --> 00:09:59,960 Speaker 2: you can't do that over there. That's Houston steal. Yeah, linebacker, 149 00:10:03,800 --> 00:10:06,520 Speaker 2: what you got? You can't think this long? What comes 150 00:10:06,520 --> 00:10:08,160 Speaker 2: from you? Forget? 151 00:10:08,240 --> 00:10:16,600 Speaker 6: Okay, I'll put in Ellen Bathay running back. Uh, let's 152 00:10:16,640 --> 00:10:21,880 Speaker 6: go tight end. Mike Barber, Dude, you know tight end. 153 00:10:22,600 --> 00:10:27,520 Speaker 6: It's gotta be Mike Barber. The one who listens. Oh, 154 00:10:27,600 --> 00:10:29,400 Speaker 6: that was Jay Novachik. He was a He was a 155 00:10:29,520 --> 00:10:32,080 Speaker 6: Dallas Cowboys. He did listen to He still does listen 156 00:10:32,120 --> 00:10:34,120 Speaker 6: to our show. I hadn't heard from him in a minute, 157 00:10:34,120 --> 00:10:37,200 Speaker 6: but they moved to like Oklahoma. He's a real cowboy, 158 00:10:37,720 --> 00:10:41,160 Speaker 6: like not a just during road, not a Coca Cola cowboy. 159 00:10:41,200 --> 00:10:45,480 Speaker 2: He's a real deal. H who sang this song? 160 00:10:47,679 --> 00:10:50,000 Speaker 6: Don't call him a cowboy until you see him, right Uh. 161 00:10:50,640 --> 00:10:53,160 Speaker 6: Conway has a version of that. Oh man, that's a 162 00:10:53,160 --> 00:10:57,560 Speaker 6: good song right there. So over the weekend, maybe it's Friday. 163 00:10:58,840 --> 00:11:01,240 Speaker 6: So before you react to the story, I'm going to 164 00:11:01,320 --> 00:11:04,680 Speaker 6: ask you to step back, and I want you to 165 00:11:04,720 --> 00:11:08,480 Speaker 6: think about we're having an academic conversation. Okay, this isn't 166 00:11:08,480 --> 00:11:09,360 Speaker 6: a therapy, says. 167 00:11:09,320 --> 00:11:13,840 Speaker 2: High waited tables and everybody's hollful. Or I worked any 168 00:11:13,920 --> 00:11:17,120 Speaker 2: kitchen and it wasn't any good. I had a restaurant 169 00:11:17,120 --> 00:11:18,040 Speaker 2: and we closed down. 170 00:11:18,200 --> 00:11:20,080 Speaker 6: I want you to calm down for a moment, and 171 00:11:20,120 --> 00:11:23,880 Speaker 6: I want to have what talk radio is not necessarily 172 00:11:23,920 --> 00:11:27,040 Speaker 6: suited for, but we're capable of doing. I'm going to 173 00:11:27,120 --> 00:11:29,600 Speaker 6: lay out the situation and you're going to have an 174 00:11:29,600 --> 00:11:32,520 Speaker 6: immediate reaction, and all I'm gonna ask you to do 175 00:11:32,760 --> 00:11:36,480 Speaker 6: is for just a moment, pause your emotions and what 176 00:11:36,640 --> 00:11:39,720 Speaker 6: your position is on this, and I want to talk 177 00:11:39,760 --> 00:11:41,280 Speaker 6: it through and then we'll take calls at a minute. 178 00:11:41,280 --> 00:11:42,319 Speaker 2: But I want you to understand the. 179 00:11:42,280 --> 00:11:46,800 Speaker 6: Conversation before you do that, because otherwise people react with 180 00:11:46,960 --> 00:11:50,200 Speaker 6: really just an opportunity to tell you something about their life. 181 00:11:50,240 --> 00:11:51,080 Speaker 2: I grew up my mind. 182 00:11:51,120 --> 00:11:53,160 Speaker 6: Okay, that has nothing to do with the conversation. So 183 00:11:54,320 --> 00:11:57,600 Speaker 6: Perry's Steakhouse, now, I haven't eaten at a Perry Steakhouse 184 00:11:57,640 --> 00:12:01,920 Speaker 6: in many, many years. Parry's started next to Conye and 185 00:12:01,920 --> 00:12:06,240 Speaker 6: Billy in Friendswood at the Perry's meat Market, and then 186 00:12:06,360 --> 00:12:07,960 Speaker 6: I think it was the meat market, and then it 187 00:12:08,080 --> 00:12:11,920 Speaker 6: developed into the restaurant. It's still a quaint little not little, 188 00:12:12,080 --> 00:12:15,240 Speaker 6: still a quaint you know. It's not that location is 189 00:12:15,280 --> 00:12:17,920 Speaker 6: not fancy. It feels like you're in a small town. 190 00:12:18,240 --> 00:12:20,760 Speaker 6: I think they got carpeted. I think they carpet and there. 191 00:12:20,760 --> 00:12:22,480 Speaker 6: Maybe they don't, but it kind of reminds me of that, 192 00:12:23,200 --> 00:12:26,679 Speaker 6: And it is nothing fancy about it. It's just solid 193 00:12:27,000 --> 00:12:29,320 Speaker 6: good food. I've had dinner with CONNYE and Billy there. 194 00:12:30,320 --> 00:12:33,480 Speaker 6: So Perry's expanded and expanded and expanded, and they kind 195 00:12:33,480 --> 00:12:38,360 Speaker 6: of became known for big portions their pork chop, that big, 196 00:12:38,400 --> 00:12:40,720 Speaker 6: massive pork job which you can take half of it home. 197 00:12:40,800 --> 00:12:45,920 Speaker 6: And Perry's got hit over something called a tip pool. 198 00:12:46,480 --> 00:12:49,880 Speaker 6: Now let me start. I posted this on Facebook, and 199 00:12:50,720 --> 00:12:55,600 Speaker 6: people people start with all their own biases. First of all, 200 00:12:55,720 --> 00:12:59,080 Speaker 6: a tip pool does not necessarily have to mean that 201 00:12:59,160 --> 00:13:03,080 Speaker 6: the entirety of the customer's tip is shared by the 202 00:13:03,240 --> 00:13:07,000 Speaker 6: entirety of the restaurant in a socialist manner, and nobody 203 00:13:07,040 --> 00:13:09,800 Speaker 6: gets any of what they get. That does not That's 204 00:13:09,920 --> 00:13:12,920 Speaker 6: one form. But my understanding is that's not what they 205 00:13:12,920 --> 00:13:16,440 Speaker 6: were doing. They got slapped down by the court and 206 00:13:16,480 --> 00:13:19,720 Speaker 6: they got slapped down by the court for doing something 207 00:13:19,960 --> 00:13:24,040 Speaker 6: that is the biggest challenge for restaurants today, and that 208 00:13:24,240 --> 00:13:26,360 Speaker 6: is how do you keep kitchen staff. 209 00:13:27,600 --> 00:13:29,880 Speaker 2: So let's say the bill is one hundred. 210 00:13:29,559 --> 00:13:31,360 Speaker 6: Dollars, there's four of you, two of you, whatever is 211 00:13:31,400 --> 00:13:34,960 Speaker 6: one hundred dollars, and you're feeling gracious, and you give 212 00:13:35,040 --> 00:13:40,160 Speaker 6: a twenty five dollars tip twenty five percent tip. That 213 00:13:40,200 --> 00:13:44,720 Speaker 6: waiter makes twenty five dollars out of the one hundred dollars. 214 00:13:45,520 --> 00:13:51,560 Speaker 6: The owner has to pay for the facilities, electric utilities, rent, signage, legal, 215 00:13:52,520 --> 00:13:55,120 Speaker 6: he has to pay for the food, which is a 216 00:13:55,120 --> 00:13:57,480 Speaker 6: big cost of that, and he has to pay everybody 217 00:13:57,480 --> 00:14:01,520 Speaker 6: but that waiter, the waiters making more for his labor 218 00:14:01,960 --> 00:14:02,640 Speaker 6: than the owner. 219 00:14:03,080 --> 00:14:05,480 Speaker 2: And what Perry's is trying to do is keep. 220 00:14:05,320 --> 00:14:08,240 Speaker 6: Good kitchen staff, which everybody I want to talk about 221 00:14:08,240 --> 00:14:10,200 Speaker 6: this because I think this is because we don't all 222 00:14:10,280 --> 00:14:13,360 Speaker 6: own restaurants, but we're all consumers. And it's an interesting question, 223 00:14:13,480 --> 00:14:19,640 Speaker 6: like a very show. All right, stay with me here 224 00:14:19,720 --> 00:14:24,400 Speaker 6: on this restaurant call, because this isn't an exact parallel 225 00:14:24,440 --> 00:14:29,800 Speaker 6: to what's going on in American economic life, but there 226 00:14:29,840 --> 00:14:32,000 Speaker 6: are some things to be learned from it all right. 227 00:14:32,480 --> 00:14:35,360 Speaker 6: And the good thing about restaurants is whether once a 228 00:14:35,480 --> 00:14:40,520 Speaker 6: year or every other day, everybody eats at a restaurant, 229 00:14:40,560 --> 00:14:42,840 Speaker 6: at some point, they have restaurant memories. They have some 230 00:14:43,040 --> 00:14:45,760 Speaker 6: level of knowledge, although it's never as good as they 231 00:14:45,840 --> 00:14:49,320 Speaker 6: think it is. None of the economics, all right. So 232 00:14:49,360 --> 00:14:51,400 Speaker 6: we use a number one hundred because it's a nice 233 00:14:51,480 --> 00:14:53,920 Speaker 6: round number and it's easy to use. So the bill 234 00:14:53,960 --> 00:14:56,440 Speaker 6: is one hundred dollars. However, many people that is for you, 235 00:14:57,880 --> 00:15:01,240 Speaker 6: and you feeling gracious, so you tip twenty five. The 236 00:15:01,320 --> 00:15:04,120 Speaker 6: waiter makes twenty five dollars. Now he gets two dollars 237 00:15:04,200 --> 00:15:07,240 Speaker 6: an hour, And people will tell you that hadn't changed 238 00:15:07,280 --> 00:15:10,200 Speaker 6: since and that's true. That's what I got, but the 239 00:15:10,240 --> 00:15:15,800 Speaker 6: amount of tips has increased. It's the best job for 240 00:15:15,920 --> 00:15:20,560 Speaker 6: somebody without a degree who wants flexibility. You go to 241 00:15:20,640 --> 00:15:22,600 Speaker 6: work at the right place. You can make a lot 242 00:15:22,640 --> 00:15:29,760 Speaker 6: of money waiting tables with relatively few hours. Relatively that's 243 00:15:29,800 --> 00:15:34,080 Speaker 6: compared to other things. So let's go into the economics 244 00:15:34,120 --> 00:15:37,960 Speaker 6: of the business owner. So he doesn't get to touch 245 00:15:38,000 --> 00:15:42,880 Speaker 6: that twenty five dollars, but the consumer, the patron, says, 246 00:15:42,960 --> 00:15:46,080 Speaker 6: I spend one hundred and twenty five dollars, but the 247 00:15:46,080 --> 00:15:50,920 Speaker 6: owner only gets one hundred or whatever we're using around numbers. 248 00:15:51,960 --> 00:15:55,200 Speaker 6: So he's got to pay for that building, whether he 249 00:15:55,280 --> 00:15:56,360 Speaker 6: owns it or leases it. 250 00:15:56,880 --> 00:15:59,640 Speaker 2: He had to do tenant improvements, he had to. 251 00:15:59,520 --> 00:16:04,600 Speaker 6: Buy all well, you wouldn't believe what shares knives forks. 252 00:16:05,040 --> 00:16:09,360 Speaker 2: Kitchen equipment is insanely expensive. He had to pay for 253 00:16:09,400 --> 00:16:09,680 Speaker 2: all that. 254 00:16:11,200 --> 00:16:16,080 Speaker 6: He has to pay marketing, if there is any he 255 00:16:16,160 --> 00:16:19,920 Speaker 6: has to pay for food products. They're spoilage, especially with 256 00:16:20,000 --> 00:16:24,000 Speaker 6: the produce. But they're spoilage. That's why restaurants have specials. 257 00:16:24,160 --> 00:16:26,560 Speaker 6: They're trying to get rid of that item. And I've 258 00:16:26,560 --> 00:16:29,440 Speaker 6: seen people say, yeah, they're just trying to get rid 259 00:16:29,480 --> 00:16:32,680 Speaker 6: of so and so, which brings me to another point. 260 00:16:33,600 --> 00:16:37,400 Speaker 6: I don't understand where we learn to hate. 261 00:16:37,240 --> 00:16:38,520 Speaker 2: Businesses so much. 262 00:16:39,600 --> 00:16:42,560 Speaker 6: I'm all for hat in big box stores, I'm all 263 00:16:42,600 --> 00:16:45,360 Speaker 6: for hating big pharma in big tech because they're evil. 264 00:16:46,680 --> 00:16:51,400 Speaker 2: But when a locally owned business that we choose to 265 00:16:51,440 --> 00:16:51,880 Speaker 2: go to. 266 00:16:53,800 --> 00:16:56,480 Speaker 6: Opens and tries to make a go of it, you 267 00:16:56,600 --> 00:16:58,600 Speaker 6: have no idea how hard that is to make. 268 00:17:00,040 --> 00:17:01,000 Speaker 2: People are just. 269 00:17:01,640 --> 00:17:08,040 Speaker 6: Mad at them, just as if everything they do is evil, they. 270 00:17:07,920 --> 00:17:09,240 Speaker 2: Want to get over on them. 271 00:17:09,280 --> 00:17:13,680 Speaker 6: I don't understand that, and you will be left this 272 00:17:13,720 --> 00:17:16,120 Speaker 6: is where we're heading. You will be left with only 273 00:17:16,160 --> 00:17:20,200 Speaker 6: corporate restaurants. You'll have a Chipotle and a Chudoba, and 274 00:17:20,280 --> 00:17:25,240 Speaker 6: a McDonald's and a Jack in the Box and water 275 00:17:25,320 --> 00:17:33,600 Speaker 6: Burger and whatever else corporate. The flavor of the small 276 00:17:33,640 --> 00:17:37,000 Speaker 6: business will be gone. The person in your community. And 277 00:17:37,000 --> 00:17:38,680 Speaker 6: that's who's going to write a check to your little 278 00:17:38,760 --> 00:17:41,840 Speaker 6: league when you go around, or sponsor your daughter for 279 00:17:43,000 --> 00:17:47,320 Speaker 6: state for the county fair queen this year, whatever else. 280 00:17:48,280 --> 00:17:50,479 Speaker 6: So the restaurant owner, out of his one hundred dollars, 281 00:17:51,240 --> 00:17:54,480 Speaker 6: has to pay all of those things and his biggest 282 00:17:54,480 --> 00:18:00,120 Speaker 6: expense labor. Everybody other than your waiter has to be 283 00:18:00,160 --> 00:18:03,800 Speaker 6: paid out of that one hundred dollars. Well, they're not 284 00:18:03,840 --> 00:18:07,120 Speaker 6: getting a tip, so he can't pay them just two dollars. 285 00:18:08,080 --> 00:18:14,280 Speaker 6: He's got to pay them a higher wage. Good restaurants. Now, 286 00:18:14,440 --> 00:18:16,399 Speaker 6: counter service is a whole different business. If you go 287 00:18:16,440 --> 00:18:18,840 Speaker 6: up to the counter and order. And this is why 288 00:18:18,880 --> 00:18:22,040 Speaker 6: the old fashioned sit down restaurant is dying. And I 289 00:18:22,080 --> 00:18:23,199 Speaker 6: know some people don't like that. 290 00:18:23,280 --> 00:18:23,800 Speaker 2: Some people. 291 00:18:24,119 --> 00:18:26,080 Speaker 6: I mean, there's a time and place for everything, but 292 00:18:26,160 --> 00:18:29,280 Speaker 6: some people do not like to go in and have 293 00:18:29,280 --> 00:18:31,399 Speaker 6: a waiter come over because they got social anxiety now 294 00:18:31,440 --> 00:18:32,000 Speaker 6: they had to talk. 295 00:18:31,960 --> 00:18:34,560 Speaker 2: To a waiter or waiters are useless or whatever. 296 00:18:34,640 --> 00:18:37,439 Speaker 6: That's fine, But if you're going out for date night, 297 00:18:37,480 --> 00:18:39,600 Speaker 6: are you going to a counter service? Maybe you are, 298 00:18:40,720 --> 00:18:44,919 Speaker 6: but most people, myself included, like the old fashion. We 299 00:18:44,960 --> 00:18:46,520 Speaker 6: had one of the best meals I've ever had in 300 00:18:46,560 --> 00:18:49,280 Speaker 6: my life, one of the best experiences. Went out with 301 00:18:49,359 --> 00:18:51,080 Speaker 6: four friends, my wife and I and four of our 302 00:18:51,119 --> 00:18:56,960 Speaker 6: friends to the new Federal American on mid Lane. 303 00:18:55,840 --> 00:18:59,040 Speaker 2: And we just had a ball. 304 00:18:59,080 --> 00:19:02,119 Speaker 6: Catching up, everybody catching up. You know what, are you 305 00:19:02,200 --> 00:19:04,320 Speaker 6: going to order whatever? We're going to have dessert, We're 306 00:19:04,320 --> 00:19:05,480 Speaker 6: going to have this, or we're going to have this. 307 00:19:05,560 --> 00:19:06,280 Speaker 2: Are we're going to have this? 308 00:19:06,880 --> 00:19:10,879 Speaker 6: It was It was wonderful and I don't you know, 309 00:19:12,080 --> 00:19:14,239 Speaker 6: it was a special night for people I don't get 310 00:19:14,240 --> 00:19:16,679 Speaker 6: to see very often. I don't think you have that 311 00:19:16,760 --> 00:19:20,800 Speaker 6: experience with counter service. Now, we do have that experience 312 00:19:20,800 --> 00:19:22,160 Speaker 6: if we have them over to our house or one 313 00:19:22,160 --> 00:19:24,439 Speaker 6: of them has us over to theirs. But if you 314 00:19:24,480 --> 00:19:26,160 Speaker 6: want to go out and have that kind of experience 315 00:19:26,200 --> 00:19:28,800 Speaker 6: or have the date night, that's the sit down restaurant. 316 00:19:29,600 --> 00:19:32,720 Speaker 6: So the restaurant owner has to pay, and they have to. 317 00:19:33,080 --> 00:19:37,040 Speaker 6: I have come to the conclusion that good restaurants a 318 00:19:37,119 --> 00:19:41,000 Speaker 6: white tablecloth, you know, the fancy place. They have to 319 00:19:41,080 --> 00:19:45,240 Speaker 6: have a higher ratio of managers, people who don't have 320 00:19:46,520 --> 00:19:53,000 Speaker 6: a constant task, but they're floating solving problems. If you 321 00:19:53,080 --> 00:19:55,879 Speaker 6: look at restaurants that are well run, Matt Brice's Federal 322 00:19:55,880 --> 00:20:03,520 Speaker 6: American Growth, Russell Lebarro's Gringos, or Jimmy Johnny Carabas Carabas, 323 00:20:03,880 --> 00:20:06,080 Speaker 6: the two that he operates, the one on Boss and 324 00:20:06,119 --> 00:20:11,320 Speaker 6: one on Kirby, Chris Pappas's restaurants till then Fertita's restaurants. 325 00:20:11,720 --> 00:20:16,680 Speaker 6: When you look at the Charles Charles Clark's Place be nineteen. 326 00:20:17,240 --> 00:20:20,640 Speaker 6: When you look at those restaurants, you will notice you've 327 00:20:20,640 --> 00:20:24,200 Speaker 6: got a waiter, and then you have people making sure 328 00:20:24,200 --> 00:20:26,680 Speaker 6: doing things so that the waiter doesn't have to do them, 329 00:20:27,080 --> 00:20:28,560 Speaker 6: whether you want to call it a bus boy, bar 330 00:20:28,680 --> 00:20:33,080 Speaker 6: back assistant, whatever. And that person is keeping everything clean 331 00:20:34,119 --> 00:20:37,080 Speaker 6: and getting things off your table when because they want 332 00:20:37,119 --> 00:20:39,679 Speaker 6: your table to be clean, they want the presentation to 333 00:20:39,680 --> 00:20:42,480 Speaker 6: be nice. They're bringing things out faster than the waiter 334 00:20:42,560 --> 00:20:45,280 Speaker 6: could bring them. So whether that's bread or chips or 335 00:20:45,320 --> 00:20:48,840 Speaker 6: whatever that may be. And then you've got assistant managers, 336 00:20:48,880 --> 00:20:52,840 Speaker 6: shift managers, general managers. All of those are costs that 337 00:20:52,880 --> 00:20:56,040 Speaker 6: come off the top. All of those come off the 338 00:20:56,240 --> 00:21:02,680 Speaker 6: expense of your plate plus the kitchen staff. So Danny Meyer, 339 00:21:02,760 --> 00:21:05,840 Speaker 6: who's considered kind of a visionary in the restaurant industry 340 00:21:05,920 --> 00:21:08,920 Speaker 6: for the industry generally, wrote a book and think he's 341 00:21:08,920 --> 00:21:12,160 Speaker 6: called Enlightened Hospitality. Danny was going to go to law 342 00:21:12,160 --> 00:21:14,479 Speaker 6: school at the last minute winning the restaurant business. New 343 00:21:14,560 --> 00:21:18,360 Speaker 6: York Jewish family they had, everybody in their family was successful. 344 00:21:18,359 --> 00:21:20,119 Speaker 6: They couldn't believe he's going in to the restaurant business. 345 00:21:20,119 --> 00:21:22,880 Speaker 6: Why are you doing this? And Danny wrote a book 346 00:21:22,920 --> 00:21:26,360 Speaker 6: which I talked about at the time. It's a wonderful 347 00:21:26,359 --> 00:21:30,480 Speaker 6: book called Enlightened Hospitality. And what he tried to figure out. 348 00:21:30,840 --> 00:21:34,000 Speaker 6: He knew there was a problem when his kitchen manager, 349 00:21:34,119 --> 00:21:38,080 Speaker 6: his chef comes in one day and resigns. Here's my letter, 350 00:21:38,800 --> 00:21:41,480 Speaker 6: and he says, I can't believe we're losing you. You're 351 00:21:41,520 --> 00:21:44,679 Speaker 6: the best kitchen manager I ever had. What am I 352 00:21:44,720 --> 00:21:47,399 Speaker 6: going to do without you? Sorry, I can't make the 353 00:21:47,480 --> 00:21:48,520 Speaker 6: numbers work at law. 354 00:21:49,640 --> 00:21:50,639 Speaker 2: Well, what are you going to do? 355 00:21:51,040 --> 00:21:53,240 Speaker 6: And he said, well, I'd like to still work here. Well, 356 00:21:53,240 --> 00:21:55,720 Speaker 6: then why are you resigning because I'd like to start 357 00:21:55,760 --> 00:21:59,720 Speaker 6: tomorrow as a waiter. You've been with me for twenty 358 00:21:59,760 --> 00:22:03,320 Speaker 6: years and you want to start as a waiter. Yeah, 359 00:22:04,080 --> 00:22:08,800 Speaker 6: the waiters make more than I do. So we tip 360 00:22:08,880 --> 00:22:14,000 Speaker 6: our waiter for this great meal we have, But all 361 00:22:14,040 --> 00:22:17,080 Speaker 6: he did was carry it. Now a front of a house, 362 00:22:17,359 --> 00:22:19,199 Speaker 6: good waiter is worth their weight in gold. I do 363 00:22:19,240 --> 00:22:23,280 Speaker 6: believe that. I'm not saying they're not. But the difficulty 364 00:22:23,400 --> 00:22:27,360 Speaker 6: was paying the kitchen staff. And you remember that has 365 00:22:27,400 --> 00:22:29,640 Speaker 6: to come off the cost of that plate. So when 366 00:22:29,640 --> 00:22:31,040 Speaker 6: someone says twelve. 367 00:22:30,760 --> 00:22:33,080 Speaker 2: Dollars, you know what all has to be paid for that. 368 00:22:34,200 --> 00:22:36,440 Speaker 6: And here's a dirty little secret we haven't addressed yet, 369 00:22:37,520 --> 00:22:39,560 Speaker 6: these deportations. 370 00:22:39,640 --> 00:22:41,640 Speaker 2: Some of those people worked in the kitchens. 371 00:22:42,080 --> 00:22:44,080 Speaker 6: You take those people out of the kitchen, it's going 372 00:22:44,160 --> 00:22:45,280 Speaker 6: to be very hard to replace. 373 00:22:45,280 --> 00:22:47,680 Speaker 2: Therefore it has to be done. But guess what that's 374 00:22:47,720 --> 00:22:50,160 Speaker 2: going to do to the cost of each plate. Puerill show. 375 00:22:55,320 --> 00:22:57,760 Speaker 5: All right, everybody cough up some green from I'm learning. 376 00:22:59,200 --> 00:23:02,800 Speaker 5: I'm gonna throw it a book. I don't tip, good 377 00:23:02,800 --> 00:23:06,040 Speaker 5: old tip, No, I don't believe in it. Let me 378 00:23:06,080 --> 00:23:08,320 Speaker 5: just get this trap. You don't have a tip, Huh. 379 00:23:08,359 --> 00:23:11,159 Speaker 4: I don't tip because society says I have to, all right, 380 00:23:11,160 --> 00:23:12,920 Speaker 4: I mean I'll tip if somebody really deserves the tip, 381 00:23:12,960 --> 00:23:14,680 Speaker 4: if they really put forth the effort, I'll give them 382 00:23:14,720 --> 00:23:17,160 Speaker 4: something extra him. But I mean it's tipping automatically. It's 383 00:23:17,240 --> 00:23:20,160 Speaker 4: for the birds. I mean, as far as I'm concerned, 384 00:23:20,160 --> 00:23:20,520 Speaker 4: they're just. 385 00:23:20,440 --> 00:23:23,480 Speaker 5: Doing their job. Hey, this girl was nice, she was okay. 386 00:23:23,640 --> 00:23:25,920 Speaker 5: I mean she wasn't anything special. Jesus Christ. 387 00:23:25,960 --> 00:23:28,439 Speaker 4: I mean, these ladies aren't starving to death. They make 388 00:23:28,520 --> 00:23:31,280 Speaker 4: minimum wage. And I used to work minimum wage, and 389 00:23:31,320 --> 00:23:33,400 Speaker 4: when I did, I wasn't lucky enough to have a job. 390 00:23:33,440 --> 00:23:35,960 Speaker 5: The society being tip worthy, you don't care. They'd counted 391 00:23:36,000 --> 00:23:38,480 Speaker 5: on your tips to live. You know what this is. 392 00:23:39,400 --> 00:23:42,080 Speaker 4: It's the world's smallest violin playing just for the waitresses. 393 00:23:43,000 --> 00:23:45,840 Speaker 4: You don't have any idea what you're talking about. These 394 00:23:45,840 --> 00:23:49,480 Speaker 4: people bust their ass. This is a hard job. So 395 00:23:49,480 --> 00:23:51,119 Speaker 4: I was working at McDonald's. But you don't feel the 396 00:23:51,160 --> 00:23:52,400 Speaker 4: need to tip them to you. 397 00:23:52,440 --> 00:23:53,800 Speaker 5: But why not? They're serving your food. 398 00:23:53,880 --> 00:23:56,200 Speaker 4: But no, society says, don't tip these guys over here, 399 00:23:56,240 --> 00:23:57,400 Speaker 4: But tip these guys over here. 400 00:23:57,480 --> 00:23:58,720 Speaker 5: That's weird. 401 00:23:58,760 --> 00:24:01,080 Speaker 7: Forestia is the number one off you patient for female 402 00:24:01,200 --> 00:24:03,160 Speaker 7: non college graduates in this country. 403 00:24:03,680 --> 00:24:05,280 Speaker 5: The reason is because of their tips. 404 00:24:05,680 --> 00:24:07,680 Speaker 4: I mean, I'm very sorry the government taxes their tips. 405 00:24:07,720 --> 00:24:09,520 Speaker 5: That's that ain't my fault. 406 00:24:09,920 --> 00:24:11,480 Speaker 4: I mean, if you show me a piece of paper 407 00:24:11,480 --> 00:24:12,560 Speaker 4: that the government shouldn't do. 408 00:24:12,480 --> 00:24:14,320 Speaker 5: That, I'll sign it. Put it to a vote, I'll 409 00:24:14,359 --> 00:24:15,920 Speaker 5: vote for it. But what I won't do is play ball. 410 00:24:19,400 --> 00:24:24,359 Speaker 6: So step back for a moment, and let's say you 411 00:24:24,400 --> 00:24:28,320 Speaker 6: owned a restaurant. What's amazing when I say things like 412 00:24:28,400 --> 00:24:30,040 Speaker 6: that is how many people go, oh, no, not me. 413 00:24:31,840 --> 00:24:32,960 Speaker 2: But that's just it. 414 00:24:33,880 --> 00:24:39,439 Speaker 6: We have to look at challenges in our community and 415 00:24:39,520 --> 00:24:40,760 Speaker 6: put ourselves in that situation. 416 00:24:41,880 --> 00:24:43,560 Speaker 2: So let's say you own the restaurant. 417 00:24:45,400 --> 00:24:48,239 Speaker 6: So if it's easier, I can drop it down from 418 00:24:48,280 --> 00:24:50,919 Speaker 6: one hundred because I don't want somebody that's too much. Okay, 419 00:24:52,200 --> 00:24:54,800 Speaker 6: let's use a round number of one hundred, and someone 420 00:24:54,800 --> 00:24:58,560 Speaker 6: tips twenty five dollars, which is probably higher than most 421 00:24:58,600 --> 00:25:03,679 Speaker 6: would tip as a person, and the waiter makes his 422 00:25:03,760 --> 00:25:05,600 Speaker 6: twenty five plus two dollars an hour, which, by the 423 00:25:05,640 --> 00:25:07,359 Speaker 6: time you know, your taxes are paid out of that. 424 00:25:07,359 --> 00:25:09,040 Speaker 6: Most people don't get much out of their check because 425 00:25:09,040 --> 00:25:10,399 Speaker 6: they end up paying their to and you have to 426 00:25:10,400 --> 00:25:14,520 Speaker 6: now pay tips on your taxes. That's already taken out. 427 00:25:14,640 --> 00:25:16,880 Speaker 6: It's it's not like it used to where folks would 428 00:25:16,880 --> 00:25:22,520 Speaker 6: fudge on it. So you're the restaurant owner. Meat has 429 00:25:22,640 --> 00:25:27,639 Speaker 6: in the price of everything has increased. People will often 430 00:25:27,680 --> 00:25:30,680 Speaker 6: ask why a particular business is closing down, that they 431 00:25:30,720 --> 00:25:34,800 Speaker 6: really liked Randalls, whatever that may be. And often and 432 00:25:35,560 --> 00:25:37,960 Speaker 6: there's the assumption, well, they must not have been making 433 00:25:38,000 --> 00:25:42,560 Speaker 6: any money. Often they're not making any money or not 434 00:25:42,680 --> 00:25:48,199 Speaker 6: making much, but the marginal increase in an input to 435 00:25:48,400 --> 00:25:52,320 Speaker 6: their process is the straw that broke the camel's back, 436 00:25:53,119 --> 00:25:55,800 Speaker 6: and that could be the rent. Typically your rent goes 437 00:25:55,880 --> 00:25:59,639 Speaker 6: up every year. That's kind of a standard. The cost 438 00:25:59,760 --> 00:26:14,280 Speaker 6: of every item you buy, spoons, forks, knives, napkins, ketchup, mayonnaise, mustard, meat, chicken, pork, beef, produce, 439 00:26:15,080 --> 00:26:16,440 Speaker 6: all of those things cost more. 440 00:26:17,200 --> 00:26:17,680 Speaker 2: Just a fact. 441 00:26:18,760 --> 00:26:23,399 Speaker 6: Well, if you were a restaurant owner and you start 442 00:26:23,400 --> 00:26:26,920 Speaker 6: paying more for all those things, but you don't raise 443 00:26:26,960 --> 00:26:31,240 Speaker 6: your price on the menu, what happens And there is 444 00:26:31,280 --> 00:26:35,000 Speaker 6: a perception from people who pull a paycheck from a 445 00:26:35,040 --> 00:26:39,480 Speaker 6: business that you should just eat that cost you're rich, 446 00:26:40,000 --> 00:26:43,640 Speaker 6: you own a business. The only people who ever say 447 00:26:43,680 --> 00:26:46,800 Speaker 6: that are people who've never run a small business. You 448 00:26:46,840 --> 00:26:51,160 Speaker 6: have no idea, no idea. What a small business owner 449 00:26:51,200 --> 00:26:55,880 Speaker 6: makes per hour is less than almost anybody, any hourly employee, 450 00:26:55,880 --> 00:26:59,399 Speaker 6: at any level. So the guy at the plant doesn't 451 00:26:59,400 --> 00:27:01,480 Speaker 6: make what he wants, but at least what he makes 452 00:27:01,480 --> 00:27:05,360 Speaker 6: he makes. There's never a month where he doesn't make 453 00:27:05,720 --> 00:27:07,840 Speaker 6: There's never a month where there's a cost to go 454 00:27:07,920 --> 00:27:10,400 Speaker 6: into work that exceeds. 455 00:27:09,920 --> 00:27:10,720 Speaker 2: What he made. 456 00:27:11,080 --> 00:27:14,600 Speaker 6: For small business owners all the time, somebody shatters the 457 00:27:14,600 --> 00:27:17,280 Speaker 6: glass and comes in and steals everything out of the safe. Oh, 458 00:27:17,320 --> 00:27:20,520 Speaker 6: he ought to have insurance. Again, another cost. Those are 459 00:27:20,560 --> 00:27:23,440 Speaker 6: all decisions he has to make. Those are all outlays. 460 00:27:24,960 --> 00:27:27,600 Speaker 6: What about if an employee quits, Now he's got to 461 00:27:27,600 --> 00:27:32,120 Speaker 6: find a replacement. What if a big party cancels. What 462 00:27:32,200 --> 00:27:34,600 Speaker 6: if he can't get the product that he needs, and 463 00:27:34,640 --> 00:27:36,480 Speaker 6: now he's got to find a new supplier, and that's 464 00:27:36,640 --> 00:27:41,280 Speaker 6: more expensive. So the restaurant owner says, I'm getting pinched 465 00:27:41,280 --> 00:27:43,800 Speaker 6: to the point now that I'm not taking anything out 466 00:27:43,840 --> 00:27:46,000 Speaker 6: of the business. And this happens a lot. By the 467 00:27:46,080 --> 00:27:48,639 Speaker 6: time I pay everything else off. So what do they 468 00:27:48,680 --> 00:27:51,040 Speaker 6: do they go take a loan. They don't make a 469 00:27:51,040 --> 00:27:53,280 Speaker 6: paycheck that month, so hopefully they have a spouse who 470 00:27:53,280 --> 00:27:55,040 Speaker 6: has a day job. That's really the only way you 471 00:27:55,119 --> 00:27:58,840 Speaker 6: make this. I'm talking about small restaurants, So they have 472 00:27:58,880 --> 00:28:02,199 Speaker 6: a spouse who has a day job and benefits, so 473 00:28:02,280 --> 00:28:05,200 Speaker 6: that's the only way they keep the lights on because 474 00:28:05,200 --> 00:28:08,880 Speaker 6: some months you don't make anything. Then you get hit 475 00:28:08,960 --> 00:28:13,639 Speaker 6: with these increases, these cost increases. Well, then you've got 476 00:28:13,840 --> 00:28:16,200 Speaker 6: every one of your employees who you have to pay 477 00:28:16,240 --> 00:28:18,320 Speaker 6: out of the cost of that twelve or fourteen dollars plate. 478 00:28:19,240 --> 00:28:22,639 Speaker 6: They all want pay increases, and the guy across the 479 00:28:22,640 --> 00:28:25,280 Speaker 6: street wants to lure them away because you've trained them 480 00:28:25,359 --> 00:28:28,359 Speaker 6: and they've proven their good so he offers them more money. 481 00:28:28,960 --> 00:28:30,840 Speaker 2: Do you match it and eat that. 482 00:28:30,720 --> 00:28:33,320 Speaker 6: Cost again you don't have the margin to do it, 483 00:28:34,480 --> 00:28:36,320 Speaker 6: or do you let him go knowing that that could 484 00:28:36,359 --> 00:28:38,440 Speaker 6: crash the business and it happens. You see restaurants close 485 00:28:38,520 --> 00:28:42,600 Speaker 6: because the chef leeve's they just can't replace them. So 486 00:28:42,680 --> 00:28:48,120 Speaker 6: these are the challenges that independent restaurants have. Why doesn't 487 00:28:48,120 --> 00:28:51,960 Speaker 6: a national restaurant have that. Most national restaurants, if you notice, 488 00:28:52,240 --> 00:28:58,560 Speaker 6: are counter service. Why a lot less management costs a 489 00:28:58,600 --> 00:29:02,400 Speaker 6: lot fewer moving parts. The Chipotle model is genius cook 490 00:29:02,440 --> 00:29:05,680 Speaker 6: the food, shovel the food. You don't have to haul 491 00:29:05,720 --> 00:29:08,640 Speaker 6: the food, you don't have to take an order, and 492 00:29:08,840 --> 00:29:10,640 Speaker 6: it's right there on the spot. 493 00:29:11,160 --> 00:29:12,080 Speaker 2: You got people behind there. 494 00:29:12,080 --> 00:29:14,840 Speaker 6: So most people don't speak English or not good English, 495 00:29:15,760 --> 00:29:18,200 Speaker 6: so you don't have to you know, I want it 496 00:29:18,240 --> 00:29:20,280 Speaker 6: made this way, and cut this and add this, and 497 00:29:20,320 --> 00:29:21,719 Speaker 6: can you add this over here? And do you all 498 00:29:21,760 --> 00:29:27,800 Speaker 6: carry this over here? So that's why you're seeing the explosion. 499 00:29:27,960 --> 00:29:31,560 Speaker 6: Kudoba is just Jack in the since private equity Jack 500 00:29:31,600 --> 00:29:33,960 Speaker 6: in the Box's answer to Chipotle. 501 00:29:36,200 --> 00:29:37,680 Speaker 2: But what you're left with. 502 00:29:37,720 --> 00:29:43,840 Speaker 6: Is the independent sit down restaurant, the Tony's, the Brass 503 00:29:43,880 --> 00:29:44,400 Speaker 6: Ray nineteen. 504 00:29:44,440 --> 00:29:45,960 Speaker 2: Both of those are doing fine. I'm not saying I'm 505 00:29:46,000 --> 00:29:48,240 Speaker 2: not are having to compete. 506 00:29:49,080 --> 00:29:53,560 Speaker 6: It's a when we're left with fewer and fewer options, 507 00:29:53,560 --> 00:29:57,640 Speaker 6: and people will go, yeah, there's nothing local anymore. Yeah, 508 00:29:57,680 --> 00:30:00,040 Speaker 6: because when we talked about local and you have to 509 00:30:00,080 --> 00:30:02,920 Speaker 6: pay more for that, nobody wanted any part of that. 510 00:30:03,440 --> 00:30:08,040 Speaker 6: But it starts to make sense. And then the kitchen staff, 511 00:30:08,560 --> 00:30:11,800 Speaker 6: a lot of kitchen staff was illegal and now those 512 00:30:11,800 --> 00:30:13,400 Speaker 6: people are going to be removed, which we all. 513 00:30:13,360 --> 00:30:14,320 Speaker 2: Agree had to happen. 514 00:30:14,920 --> 00:30:17,320 Speaker 6: Well, who are you going to put in there to 515 00:30:17,840 --> 00:30:21,080 Speaker 6: lure somebody into that kitchen. You're going to have to 516 00:30:21,080 --> 00:30:23,320 Speaker 6: pay more than you do now, and that is what 517 00:30:23,440 --> 00:30:25,960 Speaker 6: keeps restaurant owners up at night because where do you 518 00:30:26,040 --> 00:30:29,600 Speaker 6: pass that cost off