McDonalds was just trying to get ahead of what they thought was an inevitable wage increase so they had an excuse to price hike.
Damn, you let people live like this? -Ronald
Macca’s like other modern corporations raises the prices to “what the market will support” in order to maximise profit.
They raise the price until sales drop, then back off a bit. It’s about exploiting people’s desire for macca’s fast food to the greatest extent possible.
And you call them “Macca’s” like they’re your friend or something.
It’s what they are called in my country. Like “Micky D’s” in the US.
I don’t call it Micky D’s either. It’s a corporate restaurant chain, not your little brother.
Dude, that’s just how they call them in Australia. They do that with almost everything, McDonald’s isn’t getting any special attention.
Get over yourself.Yeah bro, be sure to put some respect on the McDonald’s name.
Quite the opposite. Infantizing the name of a massive corporation makes them seem less like what they are. They’re not your friend.
In any large city only idiots and tourists buy McDonalds now with any regularity.
Like, it’s like once or twice A year at most, otherwise there are way, way better options for the same price point all around.
McDonald’s is fast. That’s all they have going for them and the only reason I ever go. When I only have 3 minutes to pull over and have hot food put in the car.
Dude, this definitely depends on the McDonald’s. Just like the quality of the food, too.
Their Happy Meal, and I hate them for this, is wonderful on a roadtrip with kids. Box for food, then it’s a box for the trash, and the kids get a stupid toy to play with for a few hours that they think is wonderful because “new”.
Having worked there right after uni, I refuse to eat there. Not because of the food quality (it’s not great) but because of the awful way that they treat employees and their acceptance of abuse towards employees from customers.
Welp there you have it folks… guess I’m an idiot 🤷
Admitting it to yourself is the first step on the road to recovery. Well done, friend! I wish you continued success on your path.
If I’m being completely honest though…its my kids who are the idiots. Those damn happy meals are like sugar to them. BRB I’m gonna go chastise them for making me drive them to McDonald’s
Blaming your kids really cements your idiocy.
Yeesh… guess I need to work on my delivery. Surely, I jest!
If it helps, I got your humor and upvoted ya.
Lmao thanks! … re-reading my comment, it reminded me of this golden nugget:
Fortunately for them, America’s mostly idiots nowadays
In any large city only idiots and tourists buy McDonalds now with any regularity.
This was in the 1990s, so back when their prices were much lower, but I really stretched my budget when I visited New York City by eating a lot at McDonald’s. These days considering how pricey McDonald’s apparently is, I wouldn’t bother.
I don’t know if this is the same in much of the world. But McDonalds burger patties in South Africa started with the global recipe where the patty is mostly soy bean with some beef products, to fully beef with no soy.
They did this because in South Africa, we don’t have massive subsidies on soy and we have lots of cheap grazing land for beef, so beef is a lot cheaper here than soy bean.
Instead of dropping the price, they increased the price, saying that they now have a “100%” beef patty. At least it tastes much better than the soy plastic patty.
Remember these corporations will compromise on anything to make more profit.
I don’t know what the U.S. burger patties are like now because I haven’t been to a McDonald’s in years, but “all-beef patty” used to be a selling point in some of their advertising.
Ah, so that’s why their burgers really don’t taste good (not that they were ever great) and are now so much less filling.
In the U.S., at least, the burgers have always been “all beef.” They taste different than other burgers because their beef comes from old, lean dairy cows that are no longer “useful,” then they add fat to make up for the leanness.
Mcdonald’s has been raising prices over the last few years mostly just because they can (and for shareholders, of course). They recently stated they’ve noticed “consumer resistance,” so they’ll probably slow down price increases now.
That was always the plan. Remember, everything they said about Socialism came true under Capitalism.
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The prices are more than doubled over the last 10 years, tripled in some areas. Their prices went up three times faster than inflation.
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I think that in the past they have lobbied against minimum wage increases but they pulled their lobbying for it in 2019 and have changed directions. Not that McD’s is like a bastion for workers rights or anything, but just looked it up and that’s what I found.
https://jacobin.com/2021/04/mcdonalds-anti-minimum-wage-restaurant-workers-tips
I don’t think fast food will survive this decade. McDonald’s has vastly overestimated how much people will pay for their food.
I’ve read so many Rammstein lyrics lately that the title seemed half German to me: The song of McDonald.
Don’t. Eat. That. Crap. You see, so easy.
Not even considering how wrong price gouging is, is the tweet a bad rephrase of something mc Donald’s announced?
Based on the tweet alone:
Mc Donald’s said: “Wage raises cause price increases. But not all price increases are caused by wage raises”.
Everyone heard: “If there’s a price increase, it can only be due to wage increases”
I’m all for boycotting mc Donald’s, but if we’re going to call them out, let’s call them out on something that can’t be rebutted with basic reading comprehension skills.
Now, let the downvotes begin!
Looking at things at the federal level will always be misleading. What’s the EU minimum wage?
Minimum wage in CA for a McDonalds job is $20/hr. In NY it’s $15/hr ($16 in NYC).
While true, you have to remember their supply costs increased too, huge knockoff effects.
McDonald’s is a public company you can see all the data yourself. Basically they did as well in 2023 as they did in 2019 from an operating income percentage. Meaning taking into account all sales and stuff (revenue) and subtracting all expenses like the cost of food, wages, taxes, real estate, whatever (expenses) the remaining bit is profit. And that value is the same per dollar earned as 2019. It’s less than many years prior too.
Which means they corrected properly for the economic climate they’re in.
Lol. So you’re saying that we should cut them some slack since the shareholders need to live on the same money they were making in 2019?
Wages … Nowere there is said it is only for the workers you see. Bet the higher ups did got a better pay.
I don’t get the price thing. I can buy two bigmacs or two quarter pounders for just over $6. The minimum wage here is more than $14 an hour. It’s really not that drastic of a price.
Please tell me where you are getting 2 Big Macs for less than 7 dollars?
No where. McDonald’s is more expensive than Qdoba at this point. Unless I have no other choice, not eating there.
It’s 5.29 here. Bogo using the app. You can pick either or a 10 piece nugget. I live in the Nashville, Tennessee area
Note: this doesn’t include tax, so throw in another 53 cents
They ask a question, I answer, they downvote. What failures of communication
Okay but the majority of US states have raised their minimum wage in the last 2 years. Fuck McDonalds and their garbage tier food for passing those costs (and others) to customers. But the argument this is making makes no sense.
I know it’s not the cause of the price increase, but to be fair, they do pay more now than they ever did. And by a decent margin.
they do pay more now than they ever did.
That’s literally how inflation is supposed to work. Everyone should be making more today than five years ago.
Restaurant labor is max 30% of the costs. So in theory even doubling everyone’s wages in the restaurant should only create a 30% cost increase.
Nah
Whomever told you that sold you a bucket of shit. I’ve worked in restaurants for almost 30 years. I’ve been a GM for 20 years of that time. Not one restaurant I have ever worked for had labor costs that were lower than 50% of the costs. Food costs are negligible. Labor, rent, and utilities are the biggest costs of running a restaurant, normally in that order, unless your rent is outrageous because of the location.
You’ll have to be more specific about what types of restaurants and where. I got my info online.
I see numbers between 20-40% online.
Italian and Chinese in Pittsburgh, Chinese and Pizza in Lex, KY, Greek restaurant in Minneapolis, Wendy’s and Taco Bell in Atlanta, Taco Bell and BK in Phoenix, and last place I worked in food was a pizza joint in San Diego. I’ve been around. The labor margins are almost always higher than anything else, rent is up there though. The wages are absolute shit, but they employ a lot of people, if you’re busy. Anyone of those restaurants had a full crew of 30-40 people working there.
Fast food price points?
One might expect if labor is say, 36% of cost, it could still be the largest line item
They make more money from real estate. They can pay more, and charge less.
That’s a distinction without a difference. We, the customers, have to cover the cost of the real estate with our purchases.
More like “remember when the USA tripled their money supply and sent it all to foreign countries”?
What does this have to do with your failed worldview? Do you know what it takes to recover from a pandemic? Money is the root of evil, but don’t think it’s not a tool used by heroes.
“Love of money is a root of all kinds of evil” is the passage you’re misquoting. Money is just a tool, neither good nor evil in itself.
Wrong on both counts honestly. Why assume religion or misrepresent money as a tool? A hammer can build or destroy, but money was always just a convenient way to control population, the level of nefariousness only varies based upon morals of those who have the most pieces of paper and of course the printers of said paper. I don’t really understand why this became religious either, I hardly believe in myself on most occasions. Is there a real point in worrying about having enough money when the game is so rigged you could have it all or lose it all just depending upon the actions of less than 1% of the world population? Money will not help us get these people to help solve the worlds problems, in fact I would say that imbalance has probably caused the stretching of an already flawed system. Be safe and responsible, I need rest.
“wrong on both counts”: I’m really not. https://www.biblegateway.com/passage/?search=1 Timothy 6:10&version=NIV for the “love of money” quote, which is word-for-word identical.
And there’s nothing about population control here: https://en.wikipedia.org/wiki/Money “The primary functions which distinguish money are: medium of exchange, a unit of account, a store of value and sometimes, a standard of deferred payment.” Control of that top 1% works better in some countries than others: some have virtually unregulated capitalism but others keep it on a tight leash not letting it go too far; ain’t no Europeans fighting for a US-style healthcare system, for example.
You mean how the USA has to create massive amounts of federal bonds because of the house of cards that is the stock market?
Where do you think all this printed money goes? It doesn’t go to the world or to anyone who needs it, it’s all going to banks because they are required to leverage a certain amount of assets. And the banks fund MAGA shitlord politics which you seem to love to parrot.
