What’s stopping McDonald’s from just saying that they need to increase prices by significantly more than that to accommodate the increased wages? Y’know, with lies? It happened with groceries, so I can imagine them seeing this as a good excuse to try to squeeze some more profit out.
Still having customers. Groceries are a basic need, but fast food is a luxury most people are already wanting to cut back anyway. I have been a fan of McChickens for a long time due to them being so cheap. They don’t taste amazing, but they got the job done, and were pretty much the cheapest protein I could get without having to make something myself. Even now, without any additional price hikes, they are now $3.50 for a single McChicken in my area. I cannot justify spending that, so I have completely stopped going to McDonalds. Since all other fast food has already done this before McDonalds, I no longer eat any fast food. They’ve all lost the only quality that made them worth while. Anecdotally, most people I know who did eat fast food don’t anymore due to prices. The higher they go, the more customers they will lose.
What’s stopping McDonald’s from just saying that they need to increase prices by significantly more than that to accommodate the increased wages? Y’know, with lies? It happened with groceries, so I can imagine them seeing this as a good excuse to try to squeeze some more profit out.
That already happened
Greed is a tragically reliable behavior to anticipate from a Corp.
Still having customers. Groceries are a basic need, but fast food is a luxury most people are already wanting to cut back anyway. I have been a fan of McChickens for a long time due to them being so cheap. They don’t taste amazing, but they got the job done, and were pretty much the cheapest protein I could get without having to make something myself. Even now, without any additional price hikes, they are now $3.50 for a single McChicken in my area. I cannot justify spending that, so I have completely stopped going to McDonalds. Since all other fast food has already done this before McDonalds, I no longer eat any fast food. They’ve all lost the only quality that made them worth while. Anecdotally, most people I know who did eat fast food don’t anymore due to prices. The higher they go, the more customers they will lose.