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    Chasing the American Dream at Outback Steakhouse (Classic)

    en-usDecember 29, 2023

    Podcast Summary

    • Exploring economic mixing and social mobility in AmericaEconomic mixing, or the idea that the rich and poor come together to make friends, is crucial for social mobility but its reality is questioned in this episode of Indicator by NPR.

      Learning from this episode of Indicator by NPR is that economic mixing, or the idea that the rich and the poor come together to make friends, is a crucial ingredient for social mobility. However, the hosts, Darian Woods, Alexei Horowitz-Gazi, and Ian Decatur, question if this concept is real and if it's visible in the real world. During their socioeconomic safari to a strip mall in Bayside, Queens, they set out to find where Americans actually come together across socioeconomic lines to make friends. Stay tuned after the break as they explore this topic further. This episode is brought to you by Enbridge, investing over $1,000,000,000 a year in renewables and lower carbon solutions, and Mint Mobile, offering unlimited talk, text, and data plans for $15 a month with a $45 upfront payment for a 3-month plan. Support NPR and this podcast for more insightful conversations.

    • Studying Social Mixing Through Public DataReligious institutions have lower levels of social mixing compared to other locations like schools, fast food restaurants, and transport centers due to people attending nearby churches.

      Social mixing, which is important for social mobility, can be studied through analyzing public data like location information from cell phones. Economists Maxim Massenhof and Nathan Wilmers used this data to investigate where people are most likely to encounter individuals from different income levels. They found that religious institutions, such as churches, have lower levels of social mixing compared to other locations like schools, fast food restaurants, and transport centers. Despite the expectation that religious institutions would be more inclusive, people tend to attend churches that are nearby, leading to less mixing with individuals from diverse backgrounds.

    • Proximity in Full-Service Restaurants Brings Diverse Crowds TogetherFull-service restaurants like Olive Garden, Applebee's, Chili's, and IHOP attract diverse crowds due to their affordable prices and nice meals, promoting proximity and opportunities for interactions between people from different income levels.

      Proximity plays a significant role in shaping social interactions, with full-service restaurants, such as Olive Garden, Applebee's, Chili's, and IHOP, being the most effective in bringing people from different income levels together. These restaurants, with their affordable prices and nice meals, attract a diverse range of customers, and the table service offers opportunities for shoulder-to-shoulder contact. However, it's essential to note that this association does not necessarily lead to friendships or idea exchange, as the data collected is limited. The researchers suggest that further research is needed to explore the frequency and depth of these interactions. While this study provides suggestive evidence, it also highlights the potential of utilizing microphones for gathering more comprehensive data on the quality of these interactions and their impact on fostering meaningful relationships.

    • Australian restaurant in Queens fails to live up to economic melting pot expectationsDespite claims, Australian restaurant in Queens did not attract a diverse range of customers based on financial backgrounds. Authenticity and thorough research are crucial to avoid assumptions.

      While the Australian-themed chain restaurant in Bayside, Queens, New York, claimed to be an economic melting pot, the evidence we gathered during our visit suggested otherwise. The restaurant, though smelling reminiscent of Australia with the deep-fried chip aroma, did not seem to attract a diverse range of people based on financial backgrounds. We spoke to the waitstaff and observed the customers, but most were focused on their meals and not interested in engaging in conversation. Despite the promising hypothesis, the reality did not align with our expectations. The experience served as a reminder that assumptions should be validated through thorough research and observation. Additionally, the high calorie dishes, such as the 1,620 calorie bloomin' onion, may not accurately represent traditional Australian cuisine. Overall, the visit provided valuable insights into the importance of authenticity and the complexity of economic diversity in everyday environments.

    • Outback Steakhouse as a Community HubForming friendships across socioeconomic backgrounds at Outback Steakhouse can significantly impact economic mobility, with children from low-income families earning 20% more later in life.

      Outback Steakhouse, despite not being an authentic Australian restaurant, serves as a community hub where people from various socioeconomic backgrounds meet and form friendships. These cross-class friendships, as discovered by economist Raj Chetty, have significant positive impacts on economic mobility, with children from low-income families going on to earn 20% more later in life if they grow up in communities with more such friendships. The presence of chain casual restaurants, including Outback Steakhouse, in neighborhoods also increases the likelihood of these friendships. Darion, a colleague and friend from Australia, who had never been to an Outback Steakhouse before, was surprised to learn this. The production team, including Britney Cronin, Hans Copeland, Sierra Juarez, Kate Kincannon, and the Indicator team, explored this topic through interviews and research, revealing the importance of such community connections. Support for the Indicator comes from Saatva, offering luxury mattresses at affordable prices, and Fundrise, a real estate investment platform.

    • Investing in real estate through high interest ratesHigh interest rates create discounted asset valuations, making real estate investment through funds like Fundrise an attractive opportunity. Carefully review investment details before deciding.

      High interest rates can create opportunities for investors in real estate. The discounted asset valuations resulting from high interest rates make it an attractive time to consider investing in real estate through funds like the Fundrise flagship fund. This fund aims to grow its $1 billion portfolio further and is open for investment. However, it's essential to carefully review the investment objectives, risks, charges, and expenses before making a decision. To learn more and potentially add the Fundrise flagship fund to your portfolio, visit fundrisedot.com/npr and read the prospectus at fundrise.com/flagship.

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    936: Brad Parker Founder and CEO of Parker Hospitality

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    Show notes…

    Calls to ACTION!!!

    Favor success quote/mantra:

    • "Anything is possible, but you need to put one foot in front of the other."

    In this episode with Brad Parker we will discuss:

    • Opening a bar with a partner
    • Operating a bar
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    • Importance of checklists
    • Public perception
    • Raising capital
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    Join the 60-day Restaurant Systems Pro FREE TRAINING. This is something that has never been done before. This 60-day event is at no cost to you, but it is not for everyone. Fred Langley, CEO of Restaurant Systems Pro, will lead a group of restaurateurs through the Restaurant Systems Pro software and set up the systems for your restaurant. During the 60 days, Fred will walk you through the Restaurant Systems Pro Process and help you crush the following goals: Recipe Costing Cards; Guidance in your books for accounting; Cash controls; Sales Forecasting(With Accuracy); Checklists; Budgeting for the entire year; Scheduling for profit; More butts in seats and more… Click Here to learn more.

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    1. Which "it factor" habit, trait, or characteristic you believe most contributes to your success?
      • I rarely sleep
    2. What is your biggest weakness?
      • Not the best listener
    3. What's one thing you ask or look for when interviewing/growing your team?
      • Do they fit our culture?
    4. What's a current challenge? How are you dealing with it?
      • Labor and consistent culture
    5. Share one code of conduct or behavior you teach your team.
      • Always find a way
    6. What is one uncommon standard of service you teach your staff?
      • Every customer leaves happy
    7. What's one book we must read to become a better person or restaurant owner?
    8. What's one piece of technology you've adopted within your restaurant walls and how has it influence operations?
    9. What is one thing you feel restaurateurs don't do well enough or often enough?
      • Focus on the asset and not the people
    10. If you got the news that you'd be leaving this world tomorrow and all memories of you, your work, and your restaurants would be lost with your departure with the exception of 3 pieces of wisdom you could leave behind for the good of humanity, what would they be?
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      • You can't take your money with you
      • You want to be known for how you treat people, not what you built

    Contact:

    Website: https://www.parkerhospitality.com

    Instagram...

    Parker Hospitality: @parkerhospitality

    Hampton Social: @thehamptonsocial

    Brad: @bradparker_hospitality

    Thanks for listening!

    Thanks so much for joining today! Have some feedback you’d like to share? Leave a note in the comment section below!

    If you enjoyed this episode, please share it using the social media buttons you see at the top of the post.

    Also, please leave an honest review for the Restaurant Unstoppable Podcast on iTunes! Ratings and reviews are extremely helpful and greatly appreciated! They do matter in the rankings of the show, and I read each and every one of them.

    And finally, don’t forget to subscribe to the show on iTunes to get automatic updates.

    Huge thanks to Brad Parker for joining me for another awesome episode. Until next time!

    Restaurant Unstoppable is a free podcast. One of the ways I'm able to make it free is by earning a commission when sharing certain products with you. I've made it a core value to only share tools, resources, and services my guest mentors have recommend, first. If you're finding value in my podcast, please use my links!

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    Sonderfolge: Gastronomie Spezial

    Sonderfolge: Gastronomie Spezial
    Julia und Alex haben dir die Restaurantempfehlungen der bisherigen elf Gäste des Podcasts zusammengestellt und überprüft, dass du dort aktuell lecker Essen und Getränke abholen bzw. geliefert bekommen kannst. Ergänzt haben die beiden Gastgeber noch weitere persönliche Lieblingsrestaurants. Hör rein und hol dir Appetit und unterstütze die heimischen Betriebe!