"This is coming," he said. "So if your minimum wage in New York is $17, that’s how much it’s going to be for lunch… I went to Arby’s and I got a 2 for $6, a shake, fries and that was $12.83 and that was in Illinois. So you’re right about there."
As inflation continues to trek higher, Liautaud explained why there’s no slowing it down.
"You cannot print $4 trillion, push it into the economy and have everything devalue," he said. "It is what it is. But you know what? As long as it’s run by the free market, I’m cool with it. Let the free market rocket… Get the government’s hands out of it."
In Biden’s economy today, Liautaud expressed there would be "no way" Jimmy John’s would’ve been able to get the start it did when first founded in 1983.
"No way I could’ve started Jimmy John’s in this climate," he said. "$52,000 wage for a manager and $15 an hour. It was a great idea, right? But who’s got all the money now? Jeff Bezos."
Liautaud's American Dream transformed his first small shop built inside a two-car garage – where he served sandwiches for $2.10 apiece and Dixie cups of Coca-Cola for 25 cents – into a $3 billion company with 140,000 employees. Jimmy John’s now has more than 2,700 locations nationwide.