In the meantime, New York's famous Gray's Papaya is poised to raise the price on its famous "Recession Special." A New York institution since its debut in the 1990's, the special originally cost $1.95, but rose to its current price of $3.50 a few years ago. Consisting of a medium tropical beverage and two hot dogs, the combination of two perfectly prepared hot dogs and a medium fruit drink has long been one of the city's best food bargains.
While the Recession Special's whimsical name has been a selling point for years, the arrival of a real recession has forced the restaurant to raise the price on the combo meal. In February, facing increasing food prices, Gray's founder Nicholas Gray began warning customers that a price increase was on the way.
This week, it finally came to pass, and the special went up to $4.45. Hopefully, the $0.95 increase will even things out for a while. After all, if the Recession Special gets priced out of the average person's range, then times will truly be hopeless!
Bruce Watson is a freelance writer, blogger, and all-around cheapskate. If it weren't for hot dogs, he might be a thin man.