Red Lobster Had to Close So That Rich People Could Get Paid
Red Lobster’s bankruptcy isn’t a story about the recklessness of having endless shrimp on offer — it’s a story of how private equity firms bled a restaurant chain dry, leaving workers and diners adrift.
I have never thought of Red Lobster as particularly 'affordable', nor 'beloved' as the article repeatedly insists.
I'm not taking sides at all, I'm sure the facts behind the article stand for themselves, but it feels like an attempt to be a sob story when a beleaguered and overpriced restaurant chain goes under - even if it was drowned.
It's peak "middle class fancy" to me. It's not cheap, has not been for a while. But it's the kind of place you could bring three kids and feel fancy, yet not totally blow the budget. It's not "fine dining" but it's a cosplay for a large demographic