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"Young people are never going to know what it's like to wake up at 3 in the afternoon and be like, 'I left my credit card at the bar.'" Momofuku founder @davidchang says people drinking less is "the real existential threat" to the restaurant industry. "The biggest thing that happened in LA over the past 10 years in food was ride sharing," which allowed people to spend more on alcohol, he continued. "Restaurants were a bubble...now, at least in LA, people are drinking much less." From his appearance on the show in November.
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Alcohol consumption among U.S. adults has fallen to the lowest level recorded in Gallup’s nearly 90-year history.
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