I live in the U.S but I am Asian. When I visit Asian countries I’m always surprised that food overall (groceries and restaurants) tends to be cheaper, even in wealthier countries like Korea and Japan. Even without tipping culture they seem to be able to pay their workers and keep prices low? How do they do it?
In: Economics
Well, one way is quantity. Eating out culture is a lot stronger in many Asian countries, so if a restaurant knows they will be busy basically every night, the overhead costs can be less impactful on the bottom line prices.
Like a restaurant that expects to be as busy as a Friday night in the west every night can use its capacity and efficiency to lower costs.
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