Economy eating away at historic Chicago sandwich shop

Just a stone's throw from the Democratic National Convention, Moon's Sandwich Shop, a 90-year-old establishment, is grappling with significant economic challenges. Owner Jim Radek, who has run the shop for over four decades, shared his concerns with FOX Business' Kelly Saberi. Despite the shop's resilience through the Great Depression and the COVID-19 pandemic, current inflationary pressures are threatening its viability. Radek explained the traditional pricing model he has adhered to, which involves marking up costs significantly to maintain profitability. However, he has been reluctant to raise prices for his sandwiches, which he admits should be much higher based on current ingredient costs. The shop has historically served as a vital food source in a neighborhood previously classified as a "food desert," but the recent rise in costs has created an unprecedented strain on operations. The situation is further complicated by increasing labor costs, as Chicago's minimum wage has risen to $16.20 per hour, up from $15.80 in 2023. This increase adds to the financial burden on Radek's business, making it challenging to balance fair wages for employees with the need to keep prices accessible for customers. In a bid to connect with local politicians attending the convention nearby, Radek extended an invitation for them to visit his shop, engage with patrons, and experience the community spirit that has sustained Moon's Sandwich Shop for generations.