Comment by t-3

7 hours ago

Bars and pubs aren't really competing against the store or restaurants, they're competing against you drinking alone or with only close friends. If stepping in to have a beer and shoot the shit would cost a significant chunk of a day's wages, you just won't do it, but if I can buy more beer with an hours wages than I can drink in an hour, it's not a bad time.

Weatherspoons charge under £3 for a pint in town. That's 15 minutes at minimum wage.

Beer was far more expensive 25 years ago - £1.60 in 2000 in the student pub when I first started buying my own beer, that was about half an hour at minimum wage.

On the cost side: Wages are higher, energy costs more, rent is higher (because if the pub can't operate the owner can get planning permission to convert it to a private dwelling and sell it for £600k rather than making £12k a year in rent)

On the demand side: People are healthier and drink less. It's nowhere near as acceptable to go out for a few pints at lunch time. People can't drive to a rural pub.