Is America approaching peak tip?
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Tipflation is a form of super-inflation. If tips were a fixed percentage, they would rise at the rate of general restaurant inflation. Since the percentage actually increases over time, tipflation is bound to outstrip restaurant inflation.
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Trump's proposed elimination of taxes on tips would make it worse.

#Politics #Trump #Inflation #Gratuities /nosanitize

The Economist "gift" article
https://econ.st/4bjJKS9