Forget the ripple effect. Tsunami effect is more like it. Almost every segment of the American economy has been hurt by the coronavirus pandemic, but few have been as devastated as the restaurant industry. In Texas, 1.3 million people had jobs in the industry as of 2019. Nationally it employs some 15 million people, making it the second largest private employer in the country. The damage has been not only widespread but also breathtakingly rapid. Just three weeks ago, we were speculating how restaurants would cope if events like South by Southwest were canceled. That almost seems quaint in retrospect. Since last week’s state order by Governor Greg Abbott to close all bars and restaurant dining rooms, the industry has been in a state of…View Original Post
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