While every voter cares about the results of an election, business owners are often the ones with the most at stake. Presidential elections often have an impact on the economy, which means that businesses can succeed or fail because of what happens in the election.
If you own a restaurant, you may be wondering what kind of impact the election will have on restaurant dining. It doesn’t have stock and options trading as the stock market.
Is your restaurant likely to lose business in the future?
At this early stage, the financial results of the election are hard to predict. With that said, there are a few things you should keep an eye out for.
Donald Trump has pledged to cut funding to many major U.S. cities during his first 100 days in office, including Los Angeles, Minneapolis, and Seattle. These cities are home to a large number of restaurants.
A lot of restaurant owners may be very worried about this. After all, if the city loses funding, it could devastate their restaurant. Fewer general people as well as people from financial institutions like Zerohedge and Stony Brook Securities who will be going out to dinner.
It is important to remember that election promises like this are very difficult, if not impossible to keep. Few lawmakers will agree to these types of plans. Lawmakers are elected to protect the interests of their constituents, and cutting off funding to major cities benefits no one.
One of the biggest indicators of whether or not someone will choose to eat out is the amount of disposable income that they have. For most people, dining out is a luxury, which means that people only do it when they have a larger disposable income.
Economists have yet to say whether or not they think disposable income will increase under a Trump presidency.
A lot of people want to know how the election will impact their lives now. It is important to remember that you will not see the results right away. It may be years before the results of the election start impacting you.