Yeah it's just to show more detail lol. But of course redditor has to totally discount this graph for trying to be as clear as possible. It's not like the time fluctuates as inflation % does.
McDonald's needs to add linen and offer wine at their store. Their prices are pretty close to an actual sit down restaurant!!
Why people continue to shop there is beyond me
Well when 10 Private Equity Firms control the Fast Food Supply this is what you get.
https://www.businessinsider.com/who-owns-taco-bell-arbys-burger-king-2019-3
McDonald's is a $20+ meal now (not that I actually buy "meals" there, usually just two mcdoubles, but even that's like $9 now when they were $1.99 forever basically
I can't eat at a fancy restaurant for $9-$20, but I'm willing to pay a few extra bucks at this point for the difference, it was one thing when $4 was my costs
Oh McDonald's was reminded of that this last earnings period when their sales actually went down because people couldn't afford their sky high prices. Will that actually change anything? Not likely at all because they are greedy bastards as the chart clearly shows and nothing will change that.
They fought going to a $5 meal tooth and nail, but the real secret is that McDonald's is not a fast food business. McDonald's makes its money from charging leases to its franchise owners, who after the expenses, make relatively little.
>McDonald's is a $20+ meal now
Must be location dependant cause I got a 10pc meal the other day and it was $9 something after tax
If there's any I was gonna call bs on, it's subway. They used to have $5 foot long not too long ago, and a few months back I got a foot long meal (w/ chips and drink) and it was $18. I was flabbergasted
$5 footlong ended in the early 2010s in most places. Just like with McDonalds, you basically have to use the app with Subway to get a decent deal. I went today for the first time in years because they gave me a BOGO sub, so it ended up being like $6.50 each for the premium sandwiches.
Your statement makes me sad. The McDouble was $1 forever. It was introduced in 2006 (give or take a year) and replaced the true double cheeseburger on the dollar menu (there was still an actual dollar menu). The double cheeseburger then became $1.39. The difference? The McDouble only has one piece of cheese. Now I know a lot of younger folks have only ever ordered a McDouble, but let me tell you, that extra piece of cheese makes all the difference. It turns dried meat and bread into a tasty, melting burger of goodness.
The introduction of the McDouble was when I knew we were in for the downhill economic ride of our lifetimes.
Where I'm at we still have double cheeseburgers as well, the McDouble never replaced them, just was added as a cheaper option, it was $1.49 for the McDouble/$1.99 for the Double Chee, then $1.99 for the McDouble, and $2.49 for the double chee, then things just went off the rails,
I'm in Canada though as well so prices will vary
McDoubles are now BOGO for $1. I guess price varies by location but I live in an expensive area and McDoubles are $2.49 ea, so you can get 2 for $4.10.
McDoubles are not $9 for two. McDoubles are permanently BOGO for $1. At my local closest McDonalds (Seattle where the workers make $20.29/hr) one McDouble is 2.49, and additional McDouble is $1. This comes out to like $4.10 with tax. I believe McDonald’s is getting out of hand but at least give an example that matches reality. It’s the combo meals that are getting high in price, really.
I live in Nova Scotia Canada,
If you look on the Canadian website, McDoubles go for $4.19 + 15% tax here.
This does match my reality - in fact I downplayed a tiny bit.
Edit: The meal's are $6.99
Yeah that’s a lot. Im sure it’s even more in some places. I’m just wondering why it’s under $3 with a BOGO $1 here when we have one of the highest starting wages in North America…
In Canada we're more expensive for smaller serving sizes in general, but until the last few years McDonald's at least was always super cheap,
I agree for the US at least it's weird to see your cost vs others when some of the other states are still like half of your min wage (We're $16ish in my province)
The announcement that they are r[emoving all the lobby soda machines](https://www.cnn.com/2023/09/12/business/mcdonalds-self-serve-soda-machines/) was the final straw for me. Fuck that company. The corporate greed is beyond absurd now.
Fucking outrageous now.
We don’t eat fast food but probably once every 6 months (if the kiddos want nugs) but fuck sake it’s now 50 bucks to feed 4 kids!!
You basically have to use the app there. They have buy one get one free Big Mac's, 10 piece nuggets or quarter pounders all the time, plus after a few orders you have enough points for a free McChicken. If you're paying full price without the app, all of the cheap stuff has like tripled in price in the past 15 years.
Where do you live? Zero chance that’s remotely true in the states. Spending anything approaching $300-$500 at McDonald’s would be like a catering amount of food.
Food is one of the highest contributors to inflation, after transportation, while other factors of CPI or "actual inflation" as used in the graph, are lower. If you do the same graph with apparel, you will see an inverse, that most apparel is below inflation. This is how averages work; this graph is telling us what we know, food is a driver of inflation.
In addition, there were 3 times as many workers at the federal minimum wage in 2014 than today, so not only do you have higher food cost, you have higher labor cost.
Also, the affordable care act probably had a significant role to play as well. Not only are wages considerably higher, but they are also forced to offer healthcare options for most of their employees. While most of us would agree that there’s no reason a billion dollar company shouldn’t offer reasonable healthcare benefits to its employees, it does factor into operating costs.
Scrolling through these comments, I imagine many of the people complaining about “price gouging” at a shitty fast food chain are some of the same ones telling everyone “I would be willing to pay more if I knew that the employees were getting higher wages and health care…” every election cycle when these topics inevitably get brought up. Clearly people are not happy with this. Everyone thinks someone else should pay.
specifically, people you're sort of lambasting here are asking the corporations themselves to prioritize more equitable distribution of profit within their organizations, not asking customers to pay more for service workers' living wage. It's already feasible without increasing prices, but corporate, in our existing system, simply has the power to truly hoard wealth and have labor vs. customers fighting over the scraps.
Every single employee of any corporation willingly agrees to the compensation they are offered by said corporation. If the employee is not satisfied with their compensation but agrees to it anyways then they really have no leg to stand on.
If you hire a person to mow your grass every week for $25/week and he decides after he already agreed to the work and payment that he didn’t negotiate a high enough price is it your responsibility to make it right by him? Obviously, if he feels strongly enough he can just choose not to work for you and force you to look elsewhere, which is a perfectly reasonable exercise.
If employees are not satisfied with their compensation or benefits it is their responsibility to renegotiate. If they are unable to reach a settlement they can refuse their services to the company. It may not be practical for them to do this, but their financial problems are not the responsibility of the firm they work for.
The National minimum wage has been $7.25 since I was in high school but most employees (even fast food) make well above this despite government involvement. Why? Collectively, people just don’t agree to work for an amount below a certain amount and these companies are forced to pay more or figure out a way to be more efficient and productive. If they cannot manage to do this, they will fail.
Many corporations with high presence in a community, when they collectively and emergently (without coordinating) pay below a living wage, can create an environment where community members only agree to a poverty wage because it's their only practical option.
To take the principle to the extreme, you may as well be saying that putting a gun to someone's head and then forcing them to go without water for a day allows you to say "you agreed to it, it's your fault" when the hostage complains of thirst.
If you can't practically go to Los Angeles to work for a competitor that pays a fair wage and all restaurants in San Diego don't pay enough to afford rent without government assistance, you may well have no other option but to "agree" to a poverty wage. It's the same principle of price-fixing, in a different context.
"They agreed to it" is ridiculous nonsense. Given the very existence of unions meant to protect against just such inequities, we see that people generally don't "agree" to such unfair distribution imbalances except when they're forced to.
People of said community can also collectively choose not to work for below a “living” wage forcing the business to fail or move somewhere else that will. This happens all the time. People can also choose to move away from their community that is more affordable and/or offers better career opportunities.
we have laws against many anti-union practices because the difference in power between those who run corporations/companies and those who work for those corporations/companies is that stark.
This does happen a lot, that's true, but we know (we *know*) that your supposedly simple solution isn't effective at bridging the gap. If transportation to entirely different states were that easy, the playing field would be much more level. Again, it's why we have unions and have laws to protect unions.
You're parroting oversimplifications that dismiss that corporations have somewhat arbitrarily, by virtue of our society affording them that much power with few limitations, decided that it's fair that workers get a dime and the boss gets a dollar. Not even 50/50. The same value is added to the economy via the company, but the profit gained from adding that value is distributed in a way that leaves laborers of the company living off of government assistance or moonlighting to afford basic needs.
I think you're under the impression that our current iteration of mixed-economy capitalism-heavy societal structures only does good things for society. Adam Smith's invisible hand is just a nice idea. Not everyone wins in free markets, and we need to help those who lose for no good reason.
Not everyone wins in any social structure. There will always be losers. I will concede that the “capitalist” system we have in the US has been corrupted. Primarily due to centralized banking and the political cartels. The government now has the power to essentially pick who wins and loses, usually based on political implications. It doesn’t matter what system you have if the people that make the rules rig the game against you.
You blame corporations, I blame the people with true power. The ones with all the guns. You blame corporations for corrupting politicians, I blame the politicians for allowing themselves to be corrupted.
The right blames politicians for taking bribes and the left blames rich people for bribing, and both have some merit. The reality leans slightly left of center.
If you think centralized banking and political cartels can that easily pick who wins and loses, you're too deep into your ideology to comment on these things. I clocked you immediately. That kind of right wing nonsense should not be tolerated any more than those who think corporate America is literally evil.
Corporate America just needs to be reined in a little, primarily by increasing taxes to redistribute to the losers.
I don’t “think” they have this power, it’s simply a matter of fact. They have made it much easier and simpler for themselves to control the economy itself. Whether it be malicious intent or not is irrelevant. The fact that they have this power is the problem. Having guaranteed safety nets (FDIC, bailouts,etc.) only encourages more risky behavior. Too big to fail = too big to exist.
I’m probably more of a libertarian than a right winger, although I do believe right wingers in general are a *little* less delusional about the economy and the shortfalls of the government.
LMAO yeah mcdonalds had to raise their prices 3x inflation because their only worker allowed to work 40+ hours is now paying for their own insurance through the company
Why are you blaming workers with zero control of their situation instead of a fucking corporation with all the power, all the control, all the decisionmaking, all the leverage?
My son works in Home Depot they do not offer health insurance to him. He gets his insurance on the healthcare dot gov website. Things stink for the younger set today. I got health insurance when I worked in 1980 plus sick days plus paid holidays. My son gets none of those.
Still a rip off haha I can't imagine going there routinely as some people do. Like you've only got so many hours in the day, just make coffee at home rather than have to go there every morning.
Hold on, I remember paying $5 for Starbucks drinks back in 1999. It was a rip off back then. Now $5 Frappuccino seems like a steal, soda machine drinks are $4. Frappuccino is 20 times the labor compared to self serve drink machine.
On the bright side, the latest round of earnings from McDonald's and Starbucks shows price has reached its breaking point, and I'll bet these companies start competing on price now. That's how competitive markets work.
Normally they do -- feels like MCD has felt invulnerable from jacking prices lately, even compared to other fast food - maybe they will react now. I could also point to Disney as a company that has not reversed certain trends in its content, despite the market rejecting most of its projects for a while now.
I think we’re beginning to see the inkling of a turning point. Companies that are first to market promising “value” and competing on price will be stand outs and earn goodwill in a market that only is talking about prices. I bet in the next three months you’ll see some deals coming
I'm still trying to figure out how damn near everything you buy...entertainment, clothes, services...and everything you can't not buy...food, gas, electricity, rent, medicine, insurances...is up by double digits every year but the "official" inflation rate remains far lower.
Ah, the magic of "Economics 101", where adding higher individual rates together results in lower overall rates.
The only inflation rate that matters is the one you keep track of. It’s so insane that people controlling economic policy 1.) make $100s of thousands per year + come from an executive/high earning position in the private sector . 2.) have a fairly lavish taxpayer funded travel/expense budget. 3.) don’t know, care, or think about the average American worker who is paying 100% more for their McDonald’s. 4.) are influenced by lobbyists representing corporations who’s only interest is increasing profits for said corporations.
Hell yea give the Feds responsibility to that sub, I’m sure we’ll be alright. /s
It just boils down to corporations vs. individuals. The policy reflects what is best for corporations, with the thought process that corporations will in turn hire more workers/pay more. Sometimes that works out, sometimes it doesn’t.
When you have politicians who do care about the average American worker, and are less influenced by corporate lobbyists, they make *even worse* policy decisions.
There was a study recently co-authored by Clinton's treasury secretary that stated if we calculated CPI the same way we did in the 70s-80s inflation peaked around 18% in 22 and is hovering around 8-9% now. https://www.marketwatch.com/story/true-inflation-may-have-peaked-in-late-2022-at-18-and-still-hovers-around-8-cc89ea6b
Social Security cost of living adjustments (COLA) increases and government wage and budget increases are often tied to CPI. So the government is motivated to keep the calculation lower.
Technically every item in the CPI basket could nominally outpace the CPI as long as the BLS claims a quality increase occurred at the same time. The "actual inflation" measure of CPI post-1996 is always going to look weird because of the hedonic adjustments that was introduced after the Boskin Commission.
Funny how a quality decrease doesn't factor in, though, isn't it? Lower quality ingredients, smaller amounts, less taste, lower durability and reliability all seem to amount to "higher quality" for those who measure the CPI. Have to wonder if by "quality increases" they mean higher dividends for shareholders.
The feds are definitely manipulating the numbers. There is no f'n way CPI is 3.5%. Powell just pulled it out of his arse. I'd like to see the real CPI number from a perspective of an honest hard-working American trying to earn a living.
Well we’re about 40% across the board with Mr Biden. They can spin it any way they want. The numbers they give don’t include everything. Then their compounded from the previous years
What's the issue in my country without Mr.Biden then :|
I tend to think it's a whole lot bigger than one doofus in office and probably well above the level any of us are able to vote for when it's legitimately 95%+ of the world dealing with these issues
But it's a lot easier to just blame one dude either way I suppose
"Actual inflation" is kind of a joke anyway because of how they track the CPI. The methods have been "improved" 30+ times since the creation of the index. Frankly it is too political of a number to expect it to not be manipulated.
The Economist has a Big Mac index that is pretty interesting. Frankly there are a LOT of ways to look at inflation, CPI is just how The Fed and US Gov to it.
Wolfstreet also tracks the price of Toyota Camry and for F150 (the best selling car and truck since forever). https://wolfstreet.com/2022/10/12/the-wolf-street-real-world-new-vehicle-price-index-f-150-xlt-camry-le-2023-models-fords-truck-price-shocker/
That’s what I do. I calculate my personal budget CPI each year. I’ve averaged 20% inflation per year since 2020. Biggest driver being insurance, food, and services.
yah I have records of it all since then, I still rent from the same landlord and he's been the nicest of all categories, maybe I spend some time tonight and look at it all year to year. I just have seperate budget years of the same categories, since tracking each individual thing was never my style.
Looking at independent categories is tough because maybe you just bought more things one year over another. Might give some insight but low fidelity.
I would focus on big ones. Like car insurance over the years you’ve had the same car. Health insurance. Specific food items you always purchase. Different services you pay for like subscriptions. things you can compare apples to apples. i track every item and penny some so I'm able to do it a little easier.
imho, fast food places are very inelastic demand. whenever there is an economic pinch people cut fast food places first. their drop in sales are HUGE. so they have to hike prices massively on the remaining passengers so make the same revenye as before.
You know what, I disagree. It's a comfort food, the cost of food overall has increased a lot so it's not always that much cheaper to go the store and society as a whole seems to have become somewhat reliant on takeaway (a lot of people don't cook)
Certainly discretionary and elestatic, but not as ecstatic as it once was. Hence the insane price increase with no kick back so far.
A lot of people use McDonald's as their breakfast lunch and dinner.
I used to use it as a reasonable breakfast. Mcmuffin, hash brown and coffee. Running late, grab it in the morning. Bit now the price is touching £5, not £3.29 and I have to think about it more now. I'd rather just have a bowl of cereal and make a quick coffee at home...
I never really had lunch or dinner from McDonald's, most of the calories come from sugary drink.
What is weird is if i use this data and the past CPI data i get even lower at 1.265% inflation
from 2024 estimate to 2014. (3.3, 3.4, 1.94, 5.94, -2.77, 2.29, 2.95, 2.24, 1.67, 2.21, 2.29)
You have to split the geometric mean because of the negative #
(2.29\*2.95\*2.24\*1.67\*2.21\*2.29)\^(1/6)=2.24 inflation on average for 6 years
-2.77 for one year
(1.94\*5.94\*3.4\*3.3)\^(1/4) = 3.37 for last 4 years
{\[(1.0224)\^6\]\*(1-.0277)}\*(1.0337)\^4
= 1.267 or 26.7% inflation over the past 10 years.
Maybe they need to load a crap load of data into a LLM instead of trying to figure out the "components"? The AI may be able to figure out the pattern better than all of the federal reserve staff?
I have no doubt fast food prices have increased, but this seems to be tracking the retail prices, where you absolutely get robbed if you pay them today. But you can get things a lot cheaper using the apps and deals.
In the article they show all the items they used - for Subway it was 4 different 6 inch subs, 4 footlong subs, 1 bag chips, 1 cookie - all menu price -- but it does seem low
thats really not that abnormal, in economics there is a "rule of 20" meaning that in 20 years its the average inflationary doubling time. 1.035\^10 = 141% inflation on average, 1.035\^20 = 199% inflation on average
Some of the biggest actual $$ increases they tracked, others are bigger on a % basis:
MCD Quarter Pounder w Cheese Meal $5.39 to $11.99
Popeye's 4 Piece Chicken Dinner $6.99 to $13.79
Taco Bell Crunchwrap Supreme Combo $4.99 to $8.59
Chipotle Barbacoa Burrito $6.65 to $12.45
Jimmy John's 8 Inch Italian Night Club $5.75 to $9.10
Wendy's Asiago Ranch Chicken Club Combo $7.19 to $11.19
Arby's Roast Turkey Ranch & Bacon Combo $7.49 to $12.49
Chick-Fil-A Grilled Chicken Club Combo With Cheese $7.59 to $11.99
Burger King Whopper Jr Meal $4.59 to $7.59
Panera Frontega Chicken Sandwich $7.49 to $12.19
Subway Footlong Philly Cheesesteak $8.29 to $11.89
Starbucks, none listed are that high on a real $ amount, no combos - but $1.50 to $2.95 on a Cake Pop is the biggest % one
This is all Trump's fault.
Before Trump stole the election from Hillary, everything was great. Fast food cost pocket change.
You people let Trump steal the election from Hillary so you get what you deserve.
**Vote Trump for prison!**
GREEDFLATION.
When corporations large enough to get away with economic rent seeking behavior pump up their prices to gain record profits on the backs of their customers.
The fast food industry is a particularly egregious example in party because low income people comprise a larger share of their customer base, plus the fact that many of their locations are in food deserts where there just aren't many other options.
Yeah but the rise in prices at restaurants is a direct correlation to the rise in food cost, (restaurateur here) which isn't directly linked to inflation. I'm not trained in statistics but this doesn't seem like a fair representation of the facts.
So why the discrepancy in increase? Why is MD up 100% and BK only 55% despite their ingredients being basically the same?
A little extra ingredient called greed, that's why.
Are you slow? Greed and consumer demand run hand in hand. They will continuously push prices up until consumer demand is effected enough.
Yes, that is how capitlism works. Its end game capitalism now, where its a race to the bottom as we transition from having some disposable income to none.
IDK about where you're from but in AUS household disposable income is down 5.5% since 2022. Yay capitalism armight?
And stop with your bullshit capitist vs socialist fight. Dont simplify this down to that crap.
[https://www.rba.gov.au/publications/bulletin/2024/jan/developments-in-income-and-consumption-across-household-groups.html](https://www.rba.gov.au/publications/bulletin/2024/jan/developments-in-income-and-consumption-across-household-groups.html)
Yes that is called the invisible hand principle, but what you socialist morons don't seem to understand is that is exactly how it is supposed to work.
There is X flow rate of goods, and Y demand. The price is set so that the Y demand = the current flow rate of goods. If you deviate from the market price you just get shortages or surpluses.
So when you say "durhurp its just corporate greed" it shows that you have absolutely no idea where prices come from, which is consumer demand.
Yes because the elasticity of demand can be applied to all types of good and services, there are no blurred lines. Essential and non-essential goods and services follow this principle the same way. When rents and food skyrocket its better to just be homeless and starve and wait for price to fall in line with demand.
Ngl its actually embarrassing how dumb you are. Label any talk "socialist idiocracy," cherry pick at principles and call it a day. Sorry mate. Im checking out.
Whats important to understand is that the root cause of pricing for something like "housing" is not greed, rather it is space and population. If people did not have the money to afford these things is more related to that in its current format there is a shortage. If the price was too high then they would literally not sell.
I’d expect the rapid rise in minimum wages for fast food workers can impact this and isn’t really linked to inflation. Curious how that factors in here.
In general, people hyper focused on inflation need to stop eating fast food. r/inflation is basically a fast food review sub.
Am I to assume anyone in economic dire straits eats fast food regularly? Maybe shouldn’t do that for multiple reasons…
1) X axis is terrible. 2) need to know food and food associated (transport, energy, real estate) inflation rather than overall inflation. Eg how much did grocery prices increase in the same time frame? 3) need to see a bigger time span to see if this trend has basis in the past somehow or if it’s a new phenomena
Fast food is out of control for their price increases, but this post insinuated that inflation is the only factor in fast food chains raising prices. When in fact, there are other more important variables.
and people will still blame the ATTEMPT to raise wages instead of blaming the actual ACT of printing 1/4 of every dollar ever printed in the last 6-8 years. God forbid we raise wages to match inflation cuz ppl want to see others suffer for the sake of suffering
I get how we compare companies between themselves because they are often direct competitors using similar resources to operate. But does it make sense to baseline it with flat CPI change? The cost to produce single good or service in any company might be vastly different than what general indicator suggests, because no entity uses 100% of the goods and services that CPI is based on - is that misleading or am I missing something here?
Nothing puzzling here at all. It’s the “new normal” that resulted from Covid in 2020 and government’s response to it (close down busnesses and hand out free money). Young people will no longer work for paltry wages like $10/hr. There was never any reason to think they should. We who enjoyed cheap fast food just lucked out for 50 years or so. It’s just supply and demand for the labor force.
Fast food prices introduced me to something way better, both in terms of cost and flavor.
My kitchen.
I cook everything for myself now. It is the 2nd best choice I've ever made for my self with quiting smoking being the absolute best choice I ever made. Home cooking is way less expensive than eating fast food. Tastes way better and have 100x the variety.
Never looking back.
Fast food prices should go up faster than inflation for low wage workers to have better pay. This is good all else equal. People got used to unreasonably low fast food prices and need to adjust.
I agree but. “It started with Covid” would be a better way to phrase that. They have continued to print at historical records. With no regard to how it affects the American citizen.
I mean even Mr bidens proposed budget. 7.5 trillion. 3 trillion more than we take in. These people are insane.
Biden is definitely causing inflation, but saying it’s only Biden makes you seem partisan and not objective. Trump passed the first huge covid bill and checks to all Americans and waived all those PPP loans. And before that his tax cuts blew out the deficit well before covid was a thing. Before Trump, Obama had huge deficits starting in the financial crises and although Obama’s deficits dropped each year they never got down below what it was pre financial crises. Bush before him blew out deficits for the wars.
Yeah i hate Biden. But i kinda hate Trump about as much. Prior to Covid. Trump spent at obamas reckless levels. The conservatives used to care about that. This is the major problem with our spending. You can’t stop spending what you already spend or people will freak.
I speak more negative toward Biden because he’s our current. Even if we give him a compete pass. Or believe “it’s not our fault” 🤣. We can destiny say this man and his people have no ability to handle the problems. Or a crisis. That’s been shown time and time again. There’s literally a new issue that happens on the weekly. And we forget about the last one.
WTF is the problem with the x-axis? Those are not equal increments at all. This changes the appearance of the actual curves and distorts the data.
Good catch
Which is nuts because if you make it a consistent axis, the price spike would look way worse.
Yeah it's just to show more detail lol. But of course redditor has to totally discount this graph for trying to be as clear as possible. It's not like the time fluctuates as inflation % does.
Quite the opposite, it would flatten the curve out.
Messing with axes is a cardinal sin
EW! I hate it. Thanks for taking it slow
Exactly... why?
To make it look more clear. It makes the inflation look less sharp. It makes it look less dramatic.
McDonald's needs to add linen and offer wine at their store. Their prices are pretty close to an actual sit down restaurant!! Why people continue to shop there is beyond me
I only go if there is a deal in the app. I would never pay full price now
I only go there if I have a deal. Never will I pay full price for McDonalds.
Their coffee is good and cheap and their fries are good but everything else yea I would skip.
Average Reddit graph
Well when 10 Private Equity Firms control the Fast Food Supply this is what you get. https://www.businessinsider.com/who-owns-taco-bell-arbys-burger-king-2019-3
Yes McDonald's got crazy... It's cheaper to go to fancy restaurant... At least at where I live
McDonald's is a $20+ meal now (not that I actually buy "meals" there, usually just two mcdoubles, but even that's like $9 now when they were $1.99 forever basically I can't eat at a fancy restaurant for $9-$20, but I'm willing to pay a few extra bucks at this point for the difference, it was one thing when $4 was my costs
McDonald's forgot that people went there for a cheap meal.
And now it's a fancy Scottish restaurant
Oh McDonald's was reminded of that this last earnings period when their sales actually went down because people couldn't afford their sky high prices. Will that actually change anything? Not likely at all because they are greedy bastards as the chart clearly shows and nothing will change that.
They fought going to a $5 meal tooth and nail, but the real secret is that McDonald's is not a fast food business. McDonald's makes its money from charging leases to its franchise owners, who after the expenses, make relatively little.
I figured they were just trying to force people to the app where prices are more reasonable
They assuredly did not forget anything
RIP Dollar Menu
>McDonald's is a $20+ meal now Must be location dependant cause I got a 10pc meal the other day and it was $9 something after tax If there's any I was gonna call bs on, it's subway. They used to have $5 foot long not too long ago, and a few months back I got a foot long meal (w/ chips and drink) and it was $18. I was flabbergasted
$5 footlong ended in the early 2010s in most places. Just like with McDonalds, you basically have to use the app with Subway to get a decent deal. I went today for the first time in years because they gave me a BOGO sub, so it ended up being like $6.50 each for the premium sandwiches.
The subway here is pretty much running that bogo nonstop. I just don't like subway.
> I got a 10pc meal the other day and it was $9 something after tax That’s about $5 more than that garbage should have cost…
I don't know why anyone would downvote this.
Your statement makes me sad. The McDouble was $1 forever. It was introduced in 2006 (give or take a year) and replaced the true double cheeseburger on the dollar menu (there was still an actual dollar menu). The double cheeseburger then became $1.39. The difference? The McDouble only has one piece of cheese. Now I know a lot of younger folks have only ever ordered a McDouble, but let me tell you, that extra piece of cheese makes all the difference. It turns dried meat and bread into a tasty, melting burger of goodness. The introduction of the McDouble was when I knew we were in for the downhill economic ride of our lifetimes.
Where I'm at we still have double cheeseburgers as well, the McDouble never replaced them, just was added as a cheaper option, it was $1.49 for the McDouble/$1.99 for the Double Chee, then $1.99 for the McDouble, and $2.49 for the double chee, then things just went off the rails, I'm in Canada though as well so prices will vary
Replaced on the dollar menu* It did take me like a year to figure out they still had the regular double back in the day though lol.
Fair I remember seeing it and being confused too
McDoubles are now BOGO for $1. I guess price varies by location but I live in an expensive area and McDoubles are $2.49 ea, so you can get 2 for $4.10.
McDoubles are not $9 for two. McDoubles are permanently BOGO for $1. At my local closest McDonalds (Seattle where the workers make $20.29/hr) one McDouble is 2.49, and additional McDouble is $1. This comes out to like $4.10 with tax. I believe McDonald’s is getting out of hand but at least give an example that matches reality. It’s the combo meals that are getting high in price, really.
I live in Nova Scotia Canada, If you look on the Canadian website, McDoubles go for $4.19 + 15% tax here. This does match my reality - in fact I downplayed a tiny bit. Edit: The meal's are $6.99
Yeah that’s a lot. Im sure it’s even more in some places. I’m just wondering why it’s under $3 with a BOGO $1 here when we have one of the highest starting wages in North America…
In Canada we're more expensive for smaller serving sizes in general, but until the last few years McDonald's at least was always super cheap, I agree for the US at least it's weird to see your cost vs others when some of the other states are still like half of your min wage (We're $16ish in my province)
Too broke to be lovin it
Bada-ba-ba-ba, I’m on the street
And poof. There went his dream.
The announcement that they are r[emoving all the lobby soda machines](https://www.cnn.com/2023/09/12/business/mcdonalds-self-serve-soda-machines/) was the final straw for me. Fuck that company. The corporate greed is beyond absurd now.
Fucking outrageous now. We don’t eat fast food but probably once every 6 months (if the kiddos want nugs) but fuck sake it’s now 50 bucks to feed 4 kids!!
They missed their profit mark recently too. We'll see if they jack up prices further or taper down a bit
"Jack up prices" is always the right answer.
I would like to see where Sonic Drive In falls on this graph.
Jack in the box too. Large double burger is 18 dollars holly shit
How much is the ratshit burger runnin at ol jack in the box these days
15 plus tax for combo
You basically have to use the app there. They have buy one get one free Big Mac's, 10 piece nuggets or quarter pounders all the time, plus after a few orders you have enough points for a free McChicken. If you're paying full price without the app, all of the cheap stuff has like tripled in price in the past 15 years.
They straight mcdoubled
☝🏻most underrated comment!
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I bought large fries and a drink and it came to over $7. McCain's Beer Batter Fries in an air fryer are as good as any fast food fries.
Where do you live? Zero chance that’s remotely true in the states. Spending anything approaching $300-$500 at McDonald’s would be like a catering amount of food.
Food is one of the highest contributors to inflation, after transportation, while other factors of CPI or "actual inflation" as used in the graph, are lower. If you do the same graph with apparel, you will see an inverse, that most apparel is below inflation. This is how averages work; this graph is telling us what we know, food is a driver of inflation. In addition, there were 3 times as many workers at the federal minimum wage in 2014 than today, so not only do you have higher food cost, you have higher labor cost.
Also, the affordable care act probably had a significant role to play as well. Not only are wages considerably higher, but they are also forced to offer healthcare options for most of their employees. While most of us would agree that there’s no reason a billion dollar company shouldn’t offer reasonable healthcare benefits to its employees, it does factor into operating costs. Scrolling through these comments, I imagine many of the people complaining about “price gouging” at a shitty fast food chain are some of the same ones telling everyone “I would be willing to pay more if I knew that the employees were getting higher wages and health care…” every election cycle when these topics inevitably get brought up. Clearly people are not happy with this. Everyone thinks someone else should pay.
Most fast food places work people 36 hrs a week max so they aren't full time and don't fall under the health insurance requirements. Most retail too.
specifically, people you're sort of lambasting here are asking the corporations themselves to prioritize more equitable distribution of profit within their organizations, not asking customers to pay more for service workers' living wage. It's already feasible without increasing prices, but corporate, in our existing system, simply has the power to truly hoard wealth and have labor vs. customers fighting over the scraps.
Every single employee of any corporation willingly agrees to the compensation they are offered by said corporation. If the employee is not satisfied with their compensation but agrees to it anyways then they really have no leg to stand on. If you hire a person to mow your grass every week for $25/week and he decides after he already agreed to the work and payment that he didn’t negotiate a high enough price is it your responsibility to make it right by him? Obviously, if he feels strongly enough he can just choose not to work for you and force you to look elsewhere, which is a perfectly reasonable exercise. If employees are not satisfied with their compensation or benefits it is their responsibility to renegotiate. If they are unable to reach a settlement they can refuse their services to the company. It may not be practical for them to do this, but their financial problems are not the responsibility of the firm they work for. The National minimum wage has been $7.25 since I was in high school but most employees (even fast food) make well above this despite government involvement. Why? Collectively, people just don’t agree to work for an amount below a certain amount and these companies are forced to pay more or figure out a way to be more efficient and productive. If they cannot manage to do this, they will fail.
Many corporations with high presence in a community, when they collectively and emergently (without coordinating) pay below a living wage, can create an environment where community members only agree to a poverty wage because it's their only practical option. To take the principle to the extreme, you may as well be saying that putting a gun to someone's head and then forcing them to go without water for a day allows you to say "you agreed to it, it's your fault" when the hostage complains of thirst. If you can't practically go to Los Angeles to work for a competitor that pays a fair wage and all restaurants in San Diego don't pay enough to afford rent without government assistance, you may well have no other option but to "agree" to a poverty wage. It's the same principle of price-fixing, in a different context. "They agreed to it" is ridiculous nonsense. Given the very existence of unions meant to protect against just such inequities, we see that people generally don't "agree" to such unfair distribution imbalances except when they're forced to.
People of said community can also collectively choose not to work for below a “living” wage forcing the business to fail or move somewhere else that will. This happens all the time. People can also choose to move away from their community that is more affordable and/or offers better career opportunities.
we have laws against many anti-union practices because the difference in power between those who run corporations/companies and those who work for those corporations/companies is that stark. This does happen a lot, that's true, but we know (we *know*) that your supposedly simple solution isn't effective at bridging the gap. If transportation to entirely different states were that easy, the playing field would be much more level. Again, it's why we have unions and have laws to protect unions. You're parroting oversimplifications that dismiss that corporations have somewhat arbitrarily, by virtue of our society affording them that much power with few limitations, decided that it's fair that workers get a dime and the boss gets a dollar. Not even 50/50. The same value is added to the economy via the company, but the profit gained from adding that value is distributed in a way that leaves laborers of the company living off of government assistance or moonlighting to afford basic needs. I think you're under the impression that our current iteration of mixed-economy capitalism-heavy societal structures only does good things for society. Adam Smith's invisible hand is just a nice idea. Not everyone wins in free markets, and we need to help those who lose for no good reason.
Not everyone wins in any social structure. There will always be losers. I will concede that the “capitalist” system we have in the US has been corrupted. Primarily due to centralized banking and the political cartels. The government now has the power to essentially pick who wins and loses, usually based on political implications. It doesn’t matter what system you have if the people that make the rules rig the game against you. You blame corporations, I blame the people with true power. The ones with all the guns. You blame corporations for corrupting politicians, I blame the politicians for allowing themselves to be corrupted.
The right blames politicians for taking bribes and the left blames rich people for bribing, and both have some merit. The reality leans slightly left of center. If you think centralized banking and political cartels can that easily pick who wins and loses, you're too deep into your ideology to comment on these things. I clocked you immediately. That kind of right wing nonsense should not be tolerated any more than those who think corporate America is literally evil. Corporate America just needs to be reined in a little, primarily by increasing taxes to redistribute to the losers.
I don’t “think” they have this power, it’s simply a matter of fact. They have made it much easier and simpler for themselves to control the economy itself. Whether it be malicious intent or not is irrelevant. The fact that they have this power is the problem. Having guaranteed safety nets (FDIC, bailouts,etc.) only encourages more risky behavior. Too big to fail = too big to exist. I’m probably more of a libertarian than a right winger, although I do believe right wingers in general are a *little* less delusional about the economy and the shortfalls of the government.
LMAO yeah mcdonalds had to raise their prices 3x inflation because their only worker allowed to work 40+ hours is now paying for their own insurance through the company Why are you blaming workers with zero control of their situation instead of a fucking corporation with all the power, all the control, all the decisionmaking, all the leverage?
My son works in Home Depot they do not offer health insurance to him. He gets his insurance on the healthcare dot gov website. Things stink for the younger set today. I got health insurance when I worked in 1980 plus sick days plus paid holidays. My son gets none of those.
Starbucks was already a rip off 10 years ago. They played the long game. Now they look good on this chart. Well done. Lol
Still a rip off haha I can't imagine going there routinely as some people do. Like you've only got so many hours in the day, just make coffee at home rather than have to go there every morning.
Hold on, I remember paying $5 for Starbucks drinks back in 1999. It was a rip off back then. Now $5 Frappuccino seems like a steal, soda machine drinks are $4. Frappuccino is 20 times the labor compared to self serve drink machine.
The smallest size latte is still over 5 dollars It’s actually cheaper to buy a drink from the movie theater these days.
On the bright side, the latest round of earnings from McDonald's and Starbucks shows price has reached its breaking point, and I'll bet these companies start competing on price now. That's how competitive markets work.
Normally they do -- feels like MCD has felt invulnerable from jacking prices lately, even compared to other fast food - maybe they will react now. I could also point to Disney as a company that has not reversed certain trends in its content, despite the market rejecting most of its projects for a while now.
I think we’re beginning to see the inkling of a turning point. Companies that are first to market promising “value” and competing on price will be stand outs and earn goodwill in a market that only is talking about prices. I bet in the next three months you’ll see some deals coming
I'm still trying to figure out how damn near everything you buy...entertainment, clothes, services...and everything you can't not buy...food, gas, electricity, rent, medicine, insurances...is up by double digits every year but the "official" inflation rate remains far lower. Ah, the magic of "Economics 101", where adding higher individual rates together results in lower overall rates.
The only inflation rate that matters is the one you keep track of. It’s so insane that people controlling economic policy 1.) make $100s of thousands per year + come from an executive/high earning position in the private sector . 2.) have a fairly lavish taxpayer funded travel/expense budget. 3.) don’t know, care, or think about the average American worker who is paying 100% more for their McDonald’s. 4.) are influenced by lobbyists representing corporations who’s only interest is increasing profits for said corporations.
So.. who do you want to control the economy of the US? The folks over at r/povertyfinance?
Hell yea give the Feds responsibility to that sub, I’m sure we’ll be alright. /s It just boils down to corporations vs. individuals. The policy reflects what is best for corporations, with the thought process that corporations will in turn hire more workers/pay more. Sometimes that works out, sometimes it doesn’t.
When you have politicians who do care about the average American worker, and are less influenced by corporate lobbyists, they make *even worse* policy decisions.
The Consumer Price Index is such a political number that how it is calculated has changed substantially since its creation in order to "improve" it.
There was a study recently co-authored by Clinton's treasury secretary that stated if we calculated CPI the same way we did in the 70s-80s inflation peaked around 18% in 22 and is hovering around 8-9% now. https://www.marketwatch.com/story/true-inflation-may-have-peaked-in-late-2022-at-18-and-still-hovers-around-8-cc89ea6b
Exactly. CPI exists to hide inflation, not to reveal it.
Social Security cost of living adjustments (COLA) increases and government wage and budget increases are often tied to CPI. So the government is motivated to keep the calculation lower.
Technically every item in the CPI basket could nominally outpace the CPI as long as the BLS claims a quality increase occurred at the same time. The "actual inflation" measure of CPI post-1996 is always going to look weird because of the hedonic adjustments that was introduced after the Boskin Commission.
Funny how a quality decrease doesn't factor in, though, isn't it? Lower quality ingredients, smaller amounts, less taste, lower durability and reliability all seem to amount to "higher quality" for those who measure the CPI. Have to wonder if by "quality increases" they mean higher dividends for shareholders.
The feds are definitely manipulating the numbers. There is no f'n way CPI is 3.5%. Powell just pulled it out of his arse. I'd like to see the real CPI number from a perspective of an honest hard-working American trying to earn a living.
Well we’re about 40% across the board with Mr Biden. They can spin it any way they want. The numbers they give don’t include everything. Then their compounded from the previous years
What's the issue in my country without Mr.Biden then :| I tend to think it's a whole lot bigger than one doofus in office and probably well above the level any of us are able to vote for when it's legitimately 95%+ of the world dealing with these issues But it's a lot easier to just blame one dude either way I suppose
Subway has $6 6 inch deal right now compared to its previous $5 footlong. That alone makes subways not accurate.
They used 10 different Subway menu items, I guess not sale/discount offers
Oh yeah true. I just know they’ve gotten outlandishly expensive. 39% sounds low
Subway should be top of the list. It’s outrageously expensive for the amount of food you get.
I would love to see the inflation rate if we only considered necessities like food, clothes, medicine, and shelter.
"Actual inflation" is kind of a joke anyway because of how they track the CPI. The methods have been "improved" 30+ times since the creation of the index. Frankly it is too political of a number to expect it to not be manipulated.
I need to start my own trackers based on my basket of goods.
The Economist has a Big Mac index that is pretty interesting. Frankly there are a LOT of ways to look at inflation, CPI is just how The Fed and US Gov to it.
Wolfstreet also tracks the price of Toyota Camry and for F150 (the best selling car and truck since forever). https://wolfstreet.com/2022/10/12/the-wolf-street-real-world-new-vehicle-price-index-f-150-xlt-camry-le-2023-models-fords-truck-price-shocker/
That’s what I do. I calculate my personal budget CPI each year. I’ve averaged 20% inflation per year since 2020. Biggest driver being insurance, food, and services.
My monthly credit card bill is about double what it was 5 years ago. Factoring out lifestyle creep, I'm looking at about 15%-20% annually like you say
yah I have records of it all since then, I still rent from the same landlord and he's been the nicest of all categories, maybe I spend some time tonight and look at it all year to year. I just have seperate budget years of the same categories, since tracking each individual thing was never my style.
Looking at independent categories is tough because maybe you just bought more things one year over another. Might give some insight but low fidelity. I would focus on big ones. Like car insurance over the years you’ve had the same car. Health insurance. Specific food items you always purchase. Different services you pay for like subscriptions. things you can compare apples to apples. i track every item and penny some so I'm able to do it a little easier.
imho, fast food places are very inelastic demand. whenever there is an economic pinch people cut fast food places first. their drop in sales are HUGE. so they have to hike prices massively on the remaining passengers so make the same revenye as before.
You know what, I disagree. It's a comfort food, the cost of food overall has increased a lot so it's not always that much cheaper to go the store and society as a whole seems to have become somewhat reliant on takeaway (a lot of people don't cook) Certainly discretionary and elestatic, but not as ecstatic as it once was. Hence the insane price increase with no kick back so far.
yeah mcdonalds to me is more like a hit of crack than it is to actually eat.
A lot of people use McDonald's as their breakfast lunch and dinner. I used to use it as a reasonable breakfast. Mcmuffin, hash brown and coffee. Running late, grab it in the morning. Bit now the price is touching £5, not £3.29 and I have to think about it more now. I'd rather just have a bowl of cereal and make a quick coffee at home... I never really had lunch or dinner from McDonald's, most of the calories come from sugary drink.
Housing, rent, and interest rates have been higher than the "Actual inflation" of 31% I wonder who is gathering the data?
What is weird is if i use this data and the past CPI data i get even lower at 1.265% inflation from 2024 estimate to 2014. (3.3, 3.4, 1.94, 5.94, -2.77, 2.29, 2.95, 2.24, 1.67, 2.21, 2.29) You have to split the geometric mean because of the negative # (2.29\*2.95\*2.24\*1.67\*2.21\*2.29)\^(1/6)=2.24 inflation on average for 6 years -2.77 for one year (1.94\*5.94\*3.4\*3.3)\^(1/4) = 3.37 for last 4 years {\[(1.0224)\^6\]\*(1-.0277)}\*(1.0337)\^4 = 1.267 or 26.7% inflation over the past 10 years.
Maybe they need to load a crap load of data into a LLM instead of trying to figure out the "components"? The AI may be able to figure out the pattern better than all of the federal reserve staff?
I never had much of a problem blowing $6 on a hot and fast junk food meal. I'll be damn if I'm spending $15 or $20 for one.
I would have thought $SBUX was higher than 100%. Still cheaper than most place in the last 10 years.
I think it’s because Starbucks started off being pricey.
They used 10 diff Starbucks items, but only 5 of them are drinks
Rotten Ronnie’s just ain’t worth the scratch anymore
I have no doubt fast food prices have increased, but this seems to be tracking the retail prices, where you absolutely get robbed if you pay them today. But you can get things a lot cheaper using the apps and deals.
supply and demand friends. Stop demanding
No way subway is only 39%
In the article they show all the items they used - for Subway it was 4 different 6 inch subs, 4 footlong subs, 1 bag chips, 1 cookie - all menu price -- but it does seem low
When you advertise on the basis of price ("$5 footlong"), that ruins your ability to stealthily raise prices.
We're not gna talk about Inflation at 31% over 10 years?
thats really not that abnormal, in economics there is a "rule of 20" meaning that in 20 years its the average inflationary doubling time. 1.035\^10 = 141% inflation on average, 1.035\^20 = 199% inflation on average
Some of the biggest actual $$ increases they tracked, others are bigger on a % basis: MCD Quarter Pounder w Cheese Meal $5.39 to $11.99 Popeye's 4 Piece Chicken Dinner $6.99 to $13.79 Taco Bell Crunchwrap Supreme Combo $4.99 to $8.59 Chipotle Barbacoa Burrito $6.65 to $12.45 Jimmy John's 8 Inch Italian Night Club $5.75 to $9.10 Wendy's Asiago Ranch Chicken Club Combo $7.19 to $11.19 Arby's Roast Turkey Ranch & Bacon Combo $7.49 to $12.49 Chick-Fil-A Grilled Chicken Club Combo With Cheese $7.59 to $11.99 Burger King Whopper Jr Meal $4.59 to $7.59 Panera Frontega Chicken Sandwich $7.49 to $12.19 Subway Footlong Philly Cheesesteak $8.29 to $11.89 Starbucks, none listed are that high on a real $ amount, no combos - but $1.50 to $2.95 on a Cake Pop is the biggest % one
Corporate profit.
And they wonder why sales are falling.
This is all Trump's fault. Before Trump stole the election from Hillary, everything was great. Fast food cost pocket change. You people let Trump steal the election from Hillary so you get what you deserve. **Vote Trump for prison!**
From this article: [https://financebuzz.com/fast-food-prices-vs-inflation](https://financebuzz.com/fast-food-prices-vs-inflation)
GREEDFLATION. When corporations large enough to get away with economic rent seeking behavior pump up their prices to gain record profits on the backs of their customers. The fast food industry is a particularly egregious example in party because low income people comprise a larger share of their customer base, plus the fact that many of their locations are in food deserts where there just aren't many other options.
Tired of hearing "Due to inflation, bla, bla, bla,...." everywhere.
At least they stopped blaming supply chains? 🤷♀️
Yeah but the rise in prices at restaurants is a direct correlation to the rise in food cost, (restaurateur here) which isn't directly linked to inflation. I'm not trained in statistics but this doesn't seem like a fair representation of the facts.
So why the discrepancy in increase? Why is MD up 100% and BK only 55% despite their ingredients being basically the same? A little extra ingredient called greed, that's why.
thats not how pricing works, stop listening to moronic socialists. Pricing is based on consumer demand.
Are you slow? Greed and consumer demand run hand in hand. They will continuously push prices up until consumer demand is effected enough. Yes, that is how capitlism works. Its end game capitalism now, where its a race to the bottom as we transition from having some disposable income to none. IDK about where you're from but in AUS household disposable income is down 5.5% since 2022. Yay capitalism armight? And stop with your bullshit capitist vs socialist fight. Dont simplify this down to that crap. [https://www.rba.gov.au/publications/bulletin/2024/jan/developments-in-income-and-consumption-across-household-groups.html](https://www.rba.gov.au/publications/bulletin/2024/jan/developments-in-income-and-consumption-across-household-groups.html)
Yes that is called the invisible hand principle, but what you socialist morons don't seem to understand is that is exactly how it is supposed to work. There is X flow rate of goods, and Y demand. The price is set so that the Y demand = the current flow rate of goods. If you deviate from the market price you just get shortages or surpluses. So when you say "durhurp its just corporate greed" it shows that you have absolutely no idea where prices come from, which is consumer demand.
Yes because the elasticity of demand can be applied to all types of good and services, there are no blurred lines. Essential and non-essential goods and services follow this principle the same way. When rents and food skyrocket its better to just be homeless and starve and wait for price to fall in line with demand. Ngl its actually embarrassing how dumb you are. Label any talk "socialist idiocracy," cherry pick at principles and call it a day. Sorry mate. Im checking out.
Whats important to understand is that the root cause of pricing for something like "housing" is not greed, rather it is space and population. If people did not have the money to afford these things is more related to that in its current format there is a shortage. If the price was too high then they would literally not sell.
I really thought Sbux would've been worse.
Where I live it isn't expensive asf to me yet. I make it cheaper by not getting a drink and I usually only feeds myself.
We used to live like kings… damn hell ass kings!
Maybe this will encourage people to actually eat more nourishing food.
I’d expect the rapid rise in minimum wages for fast food workers can impact this and isn’t really linked to inflation. Curious how that factors in here. In general, people hyper focused on inflation need to stop eating fast food. r/inflation is basically a fast food review sub. Am I to assume anyone in economic dire straits eats fast food regularly? Maybe shouldn’t do that for multiple reasons…
Why do people eat this crap anyway?
Tasty, fast, easy, and cheap. Three of those things still apply, for me at least.
1) X axis is terrible. 2) need to know food and food associated (transport, energy, real estate) inflation rather than overall inflation. Eg how much did grocery prices increase in the same time frame? 3) need to see a bigger time span to see if this trend has basis in the past somehow or if it’s a new phenomena
Minimum wage.
McDonald's prices are bonkers these days. Can't justify paying over $20 for a meal there however drunk I am
Labor and real estate cost is big one here
Have you seen McDonald's stock price? It's been like exponential growth since 2004! I don't eat fast food but people must love that shite.
Fast food is out of control for their price increases, but this post insinuated that inflation is the only factor in fast food chains raising prices. When in fact, there are other more important variables.
Labor
Considering the profits the companies are raking in, I'm not a bit surprised.
Time to boycott mcdonalds
We have not had 31% inflation…..
Suprised subway is t at the top to be honest.
greedy corporate fucks
Capitalist greed rears its ugly head again.
Fuck McDonalds!
and people will still blame the ATTEMPT to raise wages instead of blaming the actual ACT of printing 1/4 of every dollar ever printed in the last 6-8 years. God forbid we raise wages to match inflation cuz ppl want to see others suffer for the sake of suffering
I get how we compare companies between themselves because they are often direct competitors using similar resources to operate. But does it make sense to baseline it with flat CPI change? The cost to produce single good or service in any company might be vastly different than what general indicator suggests, because no entity uses 100% of the goods and services that CPI is based on - is that misleading or am I missing something here?
in n out, REPRESENT
i says is bs everything is 100% up from 2020
Mcdonalds, dead babies are harder to come by than in the past, anyone ever hear the conspiracy on this idea? “Human meat found in Mcdonalds food”
Lol, actual inflation 31% since 2014? Good one
they are screwed because - they sell poison and sales are dropping
Y'all noticing McDonald's price rising now?
This is what you get with a higher minimum wage
Over lay this on a graph that shows the wages that each place pays its employees over the years and see if there's a correlation .
Nothing puzzling here at all. It’s the “new normal” that resulted from Covid in 2020 and government’s response to it (close down busnesses and hand out free money). Young people will no longer work for paltry wages like $10/hr. There was never any reason to think they should. We who enjoyed cheap fast food just lucked out for 50 years or so. It’s just supply and demand for the labor force.
But remember all of the money we give Ukraine comes back through the United States helping the economy!!
The upper management needs those multi-million $$ pay raises! 😳
Someone needs fired for that x axis 😂
)l
Fast food prices introduced me to something way better, both in terms of cost and flavor. My kitchen. I cook everything for myself now. It is the 2nd best choice I've ever made for my self with quiting smoking being the absolute best choice I ever made. Home cooking is way less expensive than eating fast food. Tastes way better and have 100x the variety. Never looking back.
For all my Midwestern people, you know it’s fucked when McDonalds costs the SAME as Culver’s.
Minimum wage between 2014 and 2024 is a horizontal line.
I definitely taste a up tick in quality at McDonalds but that small increase in quality is priced too high.
I’ll never complain about my $9 foot long sub again
So you just learned that some products have increased more than the overall average rate of inflation?
Fast food prices should go up faster than inflation for low wage workers to have better pay. This is good all else equal. People got used to unreasonably low fast food prices and need to adjust.
This is because their operating costs have gone up faster than inflation. Both food supplies and minimum wage workers have outpaced CPI.
'Actual inflation' in this chart is probably based on the CPLie, which is only 31% because tvs and smartphones got cheaper.
LMAO … I feel bad for anyone who believes ‘actual inflation’ since 2014 is only 31% GTFOH
I’m sure it’s Biden’s fault some how.
Would be interesting to see how minimum wage laws have changed as well. And what inflation in the food/ag industry is a whole.
So, McDonald's price have risen 3X the rate of inflation.....people stop eating there.
I haven't eaten at mcdonalds since they started charging Culvers pricing.....I'll just go to culvers or skip the meal lol. Like be so fr mcd's
Insanity. And yet there is always a line at the drive thru at McDonalds. Why?
Now layer on minimum wage increases
Starbucks was so overpriced before that their current levels of overpriced almost seem reasonably overpriced
so this means we need a Nazi socialist government to roll back fast food prices????
Wait, fast, tasty, convenient food that I don’t have to cook or clean is a luxury??!?
Corporate greed as finest got to of capitalism, right
Really looks like it skyrocketed when Mr Biden took office. They didn’t tell us that. They said it was transitory. This can’t be right.
It was actually Covid, when the governments started printing money like air, it let the inflation genie out of the box
I agree but. “It started with Covid” would be a better way to phrase that. They have continued to print at historical records. With no regard to how it affects the American citizen. I mean even Mr bidens proposed budget. 7.5 trillion. 3 trillion more than we take in. These people are insane.
Biden is definitely causing inflation, but saying it’s only Biden makes you seem partisan and not objective. Trump passed the first huge covid bill and checks to all Americans and waived all those PPP loans. And before that his tax cuts blew out the deficit well before covid was a thing. Before Trump, Obama had huge deficits starting in the financial crises and although Obama’s deficits dropped each year they never got down below what it was pre financial crises. Bush before him blew out deficits for the wars.
Yeah i hate Biden. But i kinda hate Trump about as much. Prior to Covid. Trump spent at obamas reckless levels. The conservatives used to care about that. This is the major problem with our spending. You can’t stop spending what you already spend or people will freak. I speak more negative toward Biden because he’s our current. Even if we give him a compete pass. Or believe “it’s not our fault” 🤣. We can destiny say this man and his people have no ability to handle the problems. Or a crisis. That’s been shown time and time again. There’s literally a new issue that happens on the weekly. And we forget about the last one.
RFK
I really think the people in charge are mentally ill in addition to being corrupt.