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
It’s just the culture competition and density in US, I have relatives who operate Chinese restaurants in couple states, their margins are way higher than in Japan or China.
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