While the Covid-19 pandemic has negatively affected virtually every person and business on the planet in some fashion, restaurants have been dealt an especially heavy blow. Given how difficult it is for restaurants to thrive even under ideal conditions, I estimated back in the spring that 30% to 40% of all restaurants might never open up again. Yelp recently reported that the situation is even worse. It estimated that as many as 60% of restaurants that closed during the pandemic are now closed for good.
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