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.
Republicans break shit, moderate Dems neglect to fix it.
For generations we’ve had a steady march to the right because of that system.
And considering the same people/corporations donate to both parties, it doesn’t seem overly cynical to say ourmodern political system is working exactly as the wealthy designed it to work.
Moderate Dems get elected because this country isn’t progressive. We collectively want these things to happen, which is why they do.
The ACA has worked exactly as it was supposed to, but people are still terrified of Obamacare.
The ACA worked and I’m still afraid of medical bills and avoid medical care because of it. Yay effective government.
Progressive policy is popular regardless of labels or even parties.
Even in 2020 most Americans wanted single payer healthcare.
But because trump ran as a Republican, that meant the Dem candidate couldn’t want to fix healthcare, for some reason is till don’t understand.
We collectively want healthcare to be improved, but the people who donate to both parties don’t, which is why it doesn’t happen.
Either our government is representative of its people and they don’t really want those things, or it’s not representative of its people and needs destroyed. See the Declaration of Independence for more information.
If voting didn’t work, the GOP wouldn’t be trying to prevent people from voting.
If you don’t like the Dem candidates in your area, you can contribute to AOC or Omar.
you can contribute to AOC or Omar.
Yep. Stopped giving to the DNC back in 2016 after Hillary’s swindle.
I only give directly to individual candidat I support now.
Doesn’t stop all the spam from Biden or the DNC tho, no matter how many times I text “stop” or “unsubscribe”, they just don’t care about anything a voter says.
It’s absolutely a pyramid scheme. And now we’re at the stage where we hollow out the inside of the pyramid to keep making it taller.
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.
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.
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.
When I worked there in 2008ish it was still the 79, 89, 99 cent menu.
It would be dubious if you were referring to the 40’s, not only given the age that would make you but for the fact that Taco Bell didn’t exist yet.
I’m old enough to remember 5 for $2.50, but I was like 10 or some shit back then
Remember toonie Tuesday at KFC?
$5 foot longs at subway!!
Good. It should have been the whole time.
It always was.
It is a luxury so is.grocery shopping. Meanwhile we are told that there is no inflation
Who the hell is saying there is no inflation?
Inflation is well under control, quite low in fact. Lemmy has this bizarre view that because prices didn’t come down, inflation is still rampant.
That is not how the world works, hell, that not even how the word works. Inflation is a measure of how quickly prices are rising. Deflation is when prices go down, and it’s generally an awful sign for the economy. tl:dr; Prices go down, you lose your job.
Prices go down, you lose your job.
Prices go up, you also lose your job.
Prices stay the same? Believe it or not, lose your job.
We have the best economy in the world because of losing your job.
It is since people decided that you should order through a unified app and have it delivered.
Fast food can be cheap if you start away from the sucker options, but not when you’re sending half your food money to a silicon valley billionaire.
When the fuck has eating out ever been anything else?
Good. A first step vmgetting the obesity numbers down.
From the article - they believe eating fast food should be cheaper than eating at home, but isn’t. What kind of fucked up belief is this? No wonder they view fast food as a luxury.
Used to be able to get $1 cheeseburgers. The loose change menu was a huge thing here, you could actually wander in with some coins and walk out with some food.
At $1 a burger, in less than 3 minutes, that’s way cheaper, “tastier” (subjective), faster, and no cleaning up, than having a pot of lentil curry.
The cheapest fastfood cheeseburgers usually aren’t many calories, and they are even worse when it comes to overall nutrition and satiety. You may be getting something for a $1 but it could hardly be called a meal.
It was when I was a kid. “We have food at home” is what my mother always said when we wanted some fast food. That was in the 70s.
Nowadays it doesn’t even matter. Grocery food prices are so high it is marginally more to go to a fast food place.
But I forgot there is no inflation or war in ba sing se
No one seems to be reading the article - it was a survey of only 2,000 participants on a financial advice website. These folks have already made poor decisions and likely not experienced in managing their money. The usual FUD that the OP posts everywhere.
How much of the increased price of fast food is because restaurants have to pay workers more than $7.25/hour now? It seems like the entire business model of cheap fast food was premised on low-quality food and labor costs so low that most fast-food workers qualified for public assistance. Leaving aside the low-quality oligarchical food product industry and just looking at the labor side, it’s still a failure. And a business model that relies on food stamps and welfare for its employees really isn’t a business model.
Exactly. Guess those who disliked didn’t read it through.
Turns out, the entire business model of fast food chains is based off ripping its employees.
Now that this loophole is closed, we see the real price of it.
Next step is to realize that it’s not fast food that is expensive - it’s our salaries that are pressed down so much we can’t afford some fries.
This is the EXACT reason why prices NEVER WENT UP until the $7.25 Minimum Wage was RAISED!
grocery store food is now a luxury too
sure voting Trump or Biden will fix it depending on what color you like
No food is not a luxury food is literally a necessity that’s how living works
They are commenting on the state of the economy, not the morality of food access.
A wrong comment. We are eating out more, and we buy more groceries
Shrinkflation. Might buy more groceries but it’s mostly plastic
We have the numbers for that too. When they say the food inflation was 3% it doesn’t mean the package price went up 3%, they may have made it smaller but cheaper in a way that the per gram price is 3% more,
The fact is that people splurged on restaurants when the COVID shutdowns were over and now the restaurants raised the prices due to higher demand
Sure for a week a bunch of people went to restaurants, including me, that week was two years ago. Time to admit that food prices are outpacing salaries.
Inflation outpacing wages also happened two years ago
https://www.bls.gov/news.release/cpi.nr0.htm
Food up 2.2% in the last year
https://www.bls.gov/news.release/empsit.t24.htm
Average hourly earnings went up from $28.68 to $29.83 in the same span of time, a 4% increase
