Plant-based meat was supposed to save the pIanet, make people healthier, and liberate enslaved cows, chickens, and pigs everywhere. Instead, after an impressive start, folks have learned some hard truths about the industry and are turning away in droves.
Once consumers began to Iearn that plant-based meats were still super processed, not nearly as healthy as advertised, and required an enormous amount of machinery to produce hungry consumers largely decided that the old-school options, nameIy chickens, pigs, and cows, were better tasting and better for you.
The biggest player in the industry, Beyond Meat, released its third-quarter numbers in November of 2023, and they taste worse than ersatz ground beef. Net revenue slid, declining 8.7% year-over-year and 26% versus the previous quarter.
It wasn’t all bad news, however, as the company actually achieved free cash flow for the quarter but does not expect that to be the case in the fourth quarter. One anaIyst at the firm TD Cowen took it a step further and said the firm is in ‘survival mode’ and will need to tap the financial markets in 2024 to maintain operations.
Beyond Meat CEO Ethan Brown said: We anticipated a modest return to growth in the third quarter of 2023 that did not occur. Though we are encouraged by pockets of growth, particulariy in the EU where we saw double digit gains in net revenues on a year-over-year basis, we are disappointed by our overall results as we continue to experience worsening sector-specific and broader consumer headwinds. Beyond Meat has cited numerous reasons for its poor performance, inciuding declining foodservice sales and flagging American retail sales, but declined to suggest the possibility that the product just isn’t that good.
Waitress gets ‘$0’ tip on ‘$187’ bill, turns heads after making Facebook post in response
If you decide to pursue a career in the restaurant industry, especially the position of a waiter or a waitress, you should know it is followed by certain difficulties such as dealing with tough customers who are impatient and may treat you with disrespect, and not to mention how difficult it is to be on your feet all day.
However, the biggest issue is the pay which is pretty low. Because these employees are expected to be tipped, the country of U.S allows the restaurant owners to pay the workers less than the federal minimum wage.
In 21 states, servers are paid only $2.13 an hour before tips. According to a report in The Wall Street Journal, “nearly 15% of the nation’s 2.4 million waiters and waitresses live in poverty, compared with about 7% of all workers. They are more likely to need public assistance and less likely to receive paid sick leave or health benefits.”
Although they should be tipped, there are customers who are so rude that they decide to tip the waiter or waitress who served them under the standard 15% or even noting. That is exactly what happened to a waitress Taylar Cordova who was so angry at the customer that she decided to share the bill on line and rise awareness of the disrespectful way these workers are treated.
She received no tip on a bill totaling $187.43. A standard tip would have given Cordova $28.11. The post has been shared more than 12,000 times.
The caption read:
‘“This. This is the reason I work so much. This is why I cry in the shower. I STRUGGLE to put clothes on my daughter’s back and food in our bellies because of THIS. You, are the lowest of the low. Whenever you feel like it’s probably fine to not tip your server, that’s one more bill stacking up because they’re short on money. This is food for the week that our families will go without because you didn’t think it was necessary, even after asking for everything under the sun and receiving it free of charge, mind you. This is one less basic necessity my daughter needs because even TWO more dollars is too much for you.
Every decision has a consequence. Servers are paid a base pay of $2-5/hr depending on the employer, so next time you don’t want to tip, regardless of the situation prior to receiving your bill, think about how much you would have to work that week off $2-5/hr to feed your family, not just you. Could you pay your bills based on that pay alone? Could you feed your family AND yourself? Because that’s what happens when you choose to not tip. Please, please tip your servers. Even if it was the worst service you’ve ever received. A 10% tip is a big enough slap in the face, this completely tore me apart. Don’t even bother walking into a restaurant if you can’t afford to tip. There’s a McDonald’s down the street if you’re that cheap.”
But things may be looking up for servers in the future. According to Eater, “Seven states — including New York — have already increased or eliminated the lower tipped minimum wage and seven more are in the process of increasing or eliminating it altogether.” This change is necessary because, according to the National Restaurant Association, by the end of this year, 12.9 million people will work in the restaurant industry, which will account for 10% of the U.S. workforce.
Note: This article originally appeared on May 16, 2017.
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