This lunch is 500 yen ($4.80) at Sukiya, a Japanese fast food restaurant which belongs to a category with about three big competitors.
I love the aesthetics of this category and they’re under remarked upon.
They also are a wee bit of a cartel, and I appreciate the aesthetics of the cartel:
And the heads of the three chains got together, and decided that the price of the basic beef bowl needed to increase, but given the economic circumstances how could they hold the line.
“We are very sorry, given the economic environment, to raise the price from 165 yen to 180 yen, but we are doing our level best to keep it there, and have mutually decided that approximately one yen of margin is appropriate.”
If your offering is “I plate a bit of five big pots of things I cooked in the morning and keep heated as serving temperature all day” you can get the offering almost arbitrarily cheap.
Explains bowls, curry, etc
More from Patrick McKenzie
More from Food
Recent @SushiSwap Youtube AMA Summary Thread.
0/10👇
1/ Bento timeline - New lending solution that focuses on isolated lending pairs, flexible oracles, targeted interest rates, gas optimization and flash loans. Aiming for early to mid Feb. Bento Explainer here:
2/ UI changes - Deprecating and consolidating onto one domain. https://t.co/tH4BdswQmN. New UI will cover all features. Longer term a Sushi Plugin is planned. Making it easy to incorporate Sushi into an App or website. Will attract new users (Stripe did this very well btw).
3/ Integrations with @tradingview coming. Merging of API with their trading system on Sushi trader . Will enable live Stream of prices.
4/ Collaboration & partnerships with @iearnfinance and others are to ensure they are all pushing in the same direction. Everyone helping eachother, nothing formal. Everyone sharing ideas.
0/10👇
1/ Bento timeline - New lending solution that focuses on isolated lending pairs, flexible oracles, targeted interest rates, gas optimization and flash loans. Aiming for early to mid Feb. Bento Explainer here:
2/ UI changes - Deprecating and consolidating onto one domain. https://t.co/tH4BdswQmN. New UI will cover all features. Longer term a Sushi Plugin is planned. Making it easy to incorporate Sushi into an App or website. Will attract new users (Stripe did this very well btw).
3/ Integrations with @tradingview coming. Merging of API with their trading system on Sushi trader . Will enable live Stream of prices.
4/ Collaboration & partnerships with @iearnfinance and others are to ensure they are all pushing in the same direction. Everyone helping eachother, nothing formal. Everyone sharing ideas.
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