Many people believe it’s an astounding $18 after a post on X of McDonald’s menu prices at a rest stop in Connecticut went viral and made national headlines. (Narrator voice: It’s not.)
Now, almost a year after the post, a top McDonald’s executive wants to set the record straight. In a recent letter, Joe Erlinger, president of McDonald’s USA, said $18 for a Big Mac combo was the “exception” and not the norm across all 13,700 restaurants in the country.
The average price of a Big Mac in the US was $4.39 in 2019,” Erlinger said in his recent letter. “Despite a global pandemic and historic rises in supply chain costs, wages and other inflationary pressures in the years that followed, the average cost is now $5.29. That’s an increase of 21% (not 100%),” he added.
Until these assholes stop taking in record profits each year & their ceos get more money than some countries generate they can fuck off on saying wages are a problem. The working poor deserve every penny they can get.
Agree. None of these CEOs have any groundbreaking ideas either. It’s all the same strategies for short term profits rather than longer sustainable growth.
That’s just it, as a business owner, some years may be good, and some years may be bad.
So some years your profit should be less.
That doesn’t mean you’re going under. Less profit is still profit. That means everyone (including yourself) has been paid and you have money left over.
But because CEOs are paid mostly in stock, the profits have to rise every year, for no necessary reason besides “I like money”
And eventually that’ll break, and it’ll happen all at once.
Lowered prices to $5 and still making profit.
https://www.marketwatch.com/story/heres-how-much-profit-mcdonalds-makes-on-its-new-5-meal-e2bbbd2c
Imagine working for two hours to be able to afford a single fucking Big Mac meal!
But a $15 minimum wage will cause prices to skyrocket! …. Prices have skyrocketed, wages remain stagnant.
It’s not that we can’t afford to pay you $15 an hour, or even $30 an hour, but if we did that then we couldn’t give that money to the shareholders. You see, they’ve purchased a certificate which entitles them to the wealth created by your labor. We assure you we can imagine it must be somewhat uncomfortable to live in constant grinding poverty, but you can understand how our hands are tied here. They have a certificate. What are we supposed to do, ask a rich person to be a teeny tiny bit less rich? That’s just crazy talk.
Did anyone else feel like this article just reads like an ad for their new value menu?
They gauged a little too much and boasted about record profits a little too loudly, and now have to deal with backlash. Too bad, so sad. 🙄