Former CKE Restaurants CEO Andy Puzder has predicted that the restaurant industry will see more closures in the near future, as their customers “just can’t afford” modern prices.

Inflation and its impacts on the restaurant industry have become a growing concern in recent years, as Red Lobster just announced earlier this month that it is filing for bankruptcy. Puzder, who once was in charge of the parent company of Hardee’s and Carl’s Jr., explained that he believes more restaurant closures are on the way, partly due to rising employment costs.