Household names like Chipotle and McDonald’s cautioned about flagging purchases among low-income customers.
“Flagging purchases” is an interesting way to phrase “we tripled our prices and cut staffing to the bare minimum and are surprised that it didn’t result in infinite money”.
Businesses: How can we pay our staff as little as humanly possible?
Also businesses: Why don’t people have any money to spend in my store?
It would be comical if it wasn’t so absurd.
But the M.B.A. told us to focus on our high dollar customers…
Fast food is too expensive and people aren’t willing to pay top dollar for shit quality. Who knew?
They cut costs as much as possible and now they think it’s the consumer because their food is shite. See the cost cutting.
They may have cut costs, but they also raised prices
It’s interesting that McDonalds saw increased traffic among higher-income shoppers. Apparently even high income people are feeling the pressure because they’re apparently choosing to eat McDonald’s over their usual restaurants.
I’d rather eat at home than eat at McDonalds.
Maybe they’re not used to cooking.
But sometimes you just want a sloppy, shitty burger that you didn’t have to cook.
Fast food is like a nasty lay that you are ashamed of the morning after, but you were feeling feral and wanted to get dirty.
Das some funny shit
I don’t think people are eating at McDs bendy they want it.
We’re eating it because we have no time, and little money. We’re running behind and trying to get somewhere. If we had the time we would be eating at home.
The only way to get decent prices is if you use their gamified, personal information stealing app. Otherwise you’re paying out the ass for trash tier food. They did this to themselves.
Mcds is so expensive now. You might as well get actual food.
I went to Taco Bell the other week and spent $20 on processed crap.
I went to a local burger joint and spent $16 on a damn good burger and fries.
You can also go to Taco Bell and get the $5 meal box, it’s one of the last fast food chains that still has a reasonably priced option.
Taco bell died when they got rid of the $1 beef burrito a few years ago.
Also when they discontinued the Verde sauce 🫠
And the portions are half of what they used to be. Shrinkflation is insane, a burger is the size of a slider these days.
If you’re in the business of selling slop, it has to be cheap and readily available. Nobody is paying restaurant prices for warmed over garbage.
These restaurant g suite idiots just can’t figure out how they tripled prices and people are staying away.
Maybe people are realizing how terrible a value it is, you can make the place look as fancy as you want, you’re still serving what’s supposed to be cheap food for crazy prices. There is no possible way you can justify blaming the consumer when the CEO is making tens of millions of dollars, he doesn’t do that fucking much, no one does.
this is a recession indicator
Woe is me if all these fast casual places go under.
I haven’t ate McDonald’s in over a year and I don’t plan on it ever again. Doing my part!
They must be desperate since they’re rolling out the McRob nationwide in a few days. NGL it’s tempting…
McRibs are disgusting, I stopped eating them like a decade ago after every other one I bought had a big chunk of cartilage in it.
https://www.theawl.com/2011/11/a-conspiracy-of-hogs-the-mcrib-as-arbitrage/
Not necessarily fascinating, but an interesting article.
McRob is how they rob banks in Scotland
That’s a strange way to say they aren’t selling as much as they were expecting to, even a few months ago. How about, “Some restaurant chains are reporting decreased consumer spending”
So they are failing their customers expectations, and all they know to do is cry for help?
Wait that’s communism! They should calm down, the market will regulate itself /s
the market will regulate itself
Success! It actually does!
It hurt itself in confusion…
That’s just code for “the
sheepcustomers will pay this price eventually”That’s literally what is happening, this is just capitalism at work. No fish is too big to be eaten at the end of the day.
Wages basically stopped rising (compared to asset prices) a couple of decades or so ago
Funny that people without any more money, aren’t able to buy as much stuff now it’s more expensive
In the US, wage growth has been above inflation for a long time with the exception of a couple of years. Since 2021, real wages have only shrunk a small amount.
That doesn’t mean that individual sectors (e.g. fast food) haven’t gone up more than other things, but this is more relevant than asset prices.
Then why is 15/hr still such a hot topic of resistance when that number was a living wage minimum amount decades ago? And what is the federal minimum wage still at? Then there’s the issue of underemployment in both lowered expectations of what’s available for a person’s skill set, and also how many hours are actually available at whatever the rate is offered (i.e., if you give an employee a job at 20/hr but only give them 15 hours a week, that’s not a living wage).
There’s a lot of problems beyond just wage growth, and I would suggest that even if wages did start increasing faster than inflation for a while now, that just means they’re “only” too low a little less. People wouldn’t be working multiple jobs for each household member to make ends meet if wages were close to appropriate for cost of living needs.
Tbh I’m not sure what the minimum wage has to do with the overall picture. Obviously it should keep pace with wage increases.
The picture for wages overall is not what you say - annual incomes, not just hourly incomes, are not down over the last ten years. Yes, some people are having to worry multiple jobs or are unable to find enough work or specific costs in their life mean the overall picture doesn’t reflect their situation, and there is a need to fix that.
But explaining reduced revenue at fast food places with “everyone is poor now due to inflation” is in contradiction with the facts, and you haven’t brought up anything to rescue it.
Can I say something? Fuck fast food, embrace slow, healthy food
Where’s all this time coming from when people need to work more jobs?
It’s all about priorities.
Of course in this case there’s no other option, just saying that if you can choose, choose to prepare things at home.
I don’t know why anyone on the west coast would eat this crap when we have legitimate taco shops. That being said we’re definitely at the end of the monopoly game a few of the worst most psychopaths own everything and working people are tapped out completely. Hard to run a consumer based economy without consumers. That’s why they are installing an oppressive facist police state with AI driven mass surveillance. A feudal dictatorship is what comes next and mass killings of anyone inconvenient to this new system. Anyway that’s why you can’t afford to buy subpar burritos
Nah, Ukraine proved you can stand up and win against even the biggest bullies with the Maidan Revolution.
Chipotle Mexican Grill, which operates thousands of U.S.-based stores, faulted consumer weakness for disappointing sales…
There ya go. Blame the very people for something that’s not their fault that you depend on for your overpriced luxury foods, clothing, houses, and yachts.
~That sounds like a good strategy to win them back.~
The other day, the marketing team in my office were talking about the new McDonald’s range that’s out at the moment. Garlic chicken nuggets, pineapple on a burger, something like that.
I asked them about the price of a maccies nowadays. Mate, I almost lost my fucking mind when they told me it was like a tenner for a burger and fries. £10??? Are fucking mental??
£10 is what a burger costs in like, a proper sit-down restaurant. How the FUCK is maccies charging that much money and getting away with it? I can’t imagine the food is suddenly not atrocious cardboard shit.
When I reacted with genuine shock and confusion, one of the guys agreed with me. He said “yeah, it’s mad. It’s getting to be Burger King prices”. Honestly. What the fuck.
