A recent study found that in the last 30 years, the amount of money that Americans have spent on alcohol hasn’t really changed. One out of every $100 dollars American consumers spend goes toward alcohol. But, where Americans spend their money on booze has changed: in 1982, American spent 76% of their liquor money at the grocery store, and 24% at bars and restaurants, while in 2012, they spent over 40% of their alcohol allowance in bars and restaurants
Are Americans really frequenting bars more often?
Nope, says NPR. The price of booze in retail stores has gone down and in bars has gone up.
Over time, you expect productivity gains and falling prices in manufactured goods. But a bartender today can’t make drinks any faster than a bartender 30 years ago. In other words, there haven’t been major productivity gains at bars. When a sector lags in productivity growth, it tends to have increasing prices.
Which of my entrepreneurial readers is going to revolutionize bartending?
Photo by geishaboy500.
The coffee vending business is your opportunity to cash in on the 30 billion dollar coffee industry.
Can we solve the #1 Business problem people have today? Yes -- and the answer is simple...
Earn recurring monthly payments selling high-value mobile websites and apps to lucrative clients...
With 2,000 locations open or in development in 15 countries, Snap Fitness is the top choice
Lia Sophia products have become a benchmark in quality and design for other companies...
Amazing opportunity for only $500 in an industry that is prime for sales.
Jamberry Nails signature product, Jamberry Nail Shields, which are essentially stick-on nail art
Be a part of the number one growth industry while securing your future with residual income.