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The Curious Surge of Productivity in US Restaurants
Wednesday March 12, 2025. 09:10 PM , from Slashdot
![]() It cannot be explained by economies of scale, expanding market power, or a direct result of COVID-sourced demand fluctuations. The restaurants' productivity growth rates are strongly correlated, however, with reductions in the amount of time their customers spend in the establishments, particularly with a rising share of customers spending 10 minutes or less. The frequency of such 'take-out' customers rose considerably during COVID, even at fast food restaurants, and never went back down. The magnitude of the restaurant-level relationship between productivity and customer dwell time, if applied to the aggregate decrease in dwell time, can explain almost all of the aggregate productivity increase in our sample. Read more of this story at Slashdot.
https://slashdot.org/story/25/03/12/1839244/the-curious-surge-of-productivity-in-us-restaurants?utm_...
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