Well yeah, that shit’s expensive.
Which is ironic as fast food used to have 2 appeals - quick and cheap.
I’m not sure how quick they are these days because I can no longer afford it.
Which is ironic
Is it tho?
It’s capitalism, once you dominate the market share you raise prices.
Fast food pushed out small local shops, but there’s a few major chains everywhere. So now they’re more expensive than sit down restaurants, because the “speed” which isn’t all that fast anymore is treated as a premium and not a side effect from being cheap/easy food.
Like, everything is based off stock price, and stock price is about profit margin going up. And that’s exponential, it’s not mathematically possible to keep going up.
The only way is to keep pushing up prices and making products shittier.
It’s not irony, it’s working as intended.
Capitalism only works when you break up monopolies regularly so there can be competition.
Hell, this is way more evident in a franchise model. The actual owners can’t really do anything, they’re locked in long leases and are forced to buy from only one supplier.
If McDonald’s says party prices go up 50%, the franchise owner has literally zero options. They have to pay it.
The whole system is fucked and pretty much a pyramid scheme.
Just to add, Reagan ‘deregulated’ the hell out of the economy. It gave America a phoney boom in the 1980s.
In 1980, ‘middle class’ was still one Union job supporting a family of four, and $1 million was considered a vast fortune. By 1992, middle class was two incomes to keep the house going, and $1 million was what a rich guy paid for a party.
When FDR created the minimum wage he explicitly stated that someone making it should be able to live in some comfort. That meant not just food and shelter, but some savings and a chance to have a few nice things.
In 1960, minimum wage was $1.00/hour. The average house was $11,000.00. Two people could eat and go to a concert for $5.00. In those days, $1 million was an incredible fortune.
That’s the other crazy thing. Look at all the millionaire actors and music stars. They have much bigger incomes than past artists, but is Tom Hanks or Taylor Swift really that much richer than John Wayne or Marilyn Monroe? A doctor today is giving his family the life a moderately successful plumber had 50 years ago.
These historical comparisons always get me. Yeah, as a middle class American in 2024 I have a microwave and health insurance which does mean in some ways my life is “better” than Andrew Carnegie’s life 130 years ago. But he could just hire a huge staff for his mansion. He could buy whole libraries and gift them to cities.
Your comparisons of a modern doctor to Marilyn Monroe… Well a modern doctor is probably working 60 hours a week to get that $300,000 salary. Marilyn Monroe probably could have just… Retired while the doctor needs to work another couple decades to pay off student loans…
There’s no apple to apple comparison. Standard of living and expectations change. But you can’t just erase the simple pleasures of being famously rich because now microwaves exist.
The wages of fast food workers have been increasing over the past decade. Ten years ago, their median wage was $8.69/hr. Today, it’s over $14/hr. In California, the minimum is now $20/hr.
Increased wages for low income workers are good, since they have outpaced inflation. But they will inevitably result in increased prices. It’s unrealistic to expect the employer to absorb all of the increased costs.
And fast food employers often couldn’t absorb the wage increases even if they wanted to. Remember, a McDonald’s employee isn’t paid by McDonald’s HQ, they are paid by the person who runs the individual location, who is also paying McDonald’s HQ for ingredients. Some of the franchise owners are doing well, some of them aren’t, but all of them are going to raise prices.
In other words, if you don’t want to pay more for fast food, then you don’t actually want to see fast food workers earn a better wage.
In other words, if you don’t want to pay more for fast food, then you don’t actually want to see fast food workers earn a better wage.
If a business relies on exploitation, it shouldn’t exist. If paying the workers a living wage means raising the prices beyond a sustainable level for the business, this business shouldn’t exist. If a business pays out millions in bonuses to it’s executives while the workers are relying on government subsidies, the business shouldn’t exist.
I’m happy to say that I emphatically want better wages for service industry workers. IDC how much food goes up, or how many mega franchises have to close for it. Either better wages, or cause these these super franchises to close so mom and pops and open instead.
I also don’t think it’s unrealistic to expect businesses to give up a small portion of their infinite growth targets to actually cover their employees needs. Maybe a large departure from the past 50 years, but it’s absolutely something most of them can afford.
If a business genuinely can’t afford it, then I’d also be okay with my tax money going towards a business analysis for that owner to find a way to make it work. If they still can’t, then how long were they really going to be open anyway and what were they really adding to their community?
unrealistic to expect businesses to give up a small portion of their infinite growth targets
Almost no restaurants, including fast food restaurants, have infinite growth targets. A lot of them are struggling to survive.
From a business perspective, most fast food franchises are mom-and-pop locations. They are not owned by a giant corporation. The giant corporation simply sells them ingredients and sets their menu.
That’s out of date.
Median fast food wage in US is now $14/hr. A Big Mac in Denmark is now 49 krone, which is $7.10
Of course, it’s still true that unions provide better pay and benefits to employees. But the price of a Big Mac is roughly a third of the hourly wage in both the US and Denmark.
Who remembers Arby’s 5 for 5?
I remember when you could get a taco for 59 cents at Taco Bell. And this wasn’t the 40s, this was the 90s.
Yup, the Taco Bell commercial jingle in the early 90s was based on their menu prices:
59, 79, 99
Everything (or just about everything) on the menu fit into those price ranges. Fast food was where you went to get something cheap and filling. Prices go up, I get that. But even back then, that was considered super cheap. Still, inflation isn’t the problem. The problem is that wages have not been keeping pace with inflation for decades.
Fast food used to be shit quality for little money.
Now its shit quality for a fuckton of money.
Cook at home folks, more nutricious, tastes better, is cheaper and if you pick the right recipes its also fast.
And if you don’t want to cook for yourself, at least go to a local take-out restaurant that probably costs less than the shitty fast food, even if you have to wait a few more minutes for it.
Luxury price while receiving sub par service.
