I would never, ever pay 25 cents more for a burger because I don’t have to. It’s a scam by the restaurant owner who wants to keep making money hand over fist at the expense of their employees and customers. You paying more has nothing to do with paying the employees more, it goes straight to the top like always. This strikes me the same as people begging for video games to cost $70+ bc they think that means the developers will get payed more. That’s not how capitalism works
Here in Seattle ($20/hr minimum) an hour of minimum wage is enough to buy A Big Mac meal and still have $6 leftover. In BFE Georgia ($7.25 minimum), you would need to work over an hour. Going to say one is better than the other.
Point taken and I agree but I think $14 is a ripoff for a Big Mac meal.
They were going to raise prices anyways.
I’m not worried about the fast food prices on a 5 dollar item, I’m nervous about housing, cars, groceries. Multiply that quata by 200 and it starts becoming a lil mo harda YOUKNOWHATIMSAYIN bruh bruh.
Did it go well for them on χitter, or are there a lot of bootlickers voting there?
This is EXACTLY why we shouldn’t RAISE Wages! Because Prices NEVER EVER GO UP UNLESS WE RAISE WORKER’S RAISES!
I wish we could put caps on corporate profits.
Now do Denmark lol.
These price increases were either unrelated (there’s a ton of geopolitical reasons the prices of wheat and other food ingredients have risen over the last few years), were purely corporate greed, or perhaps most likely a PR move.
In short, the answer is no. A McDonald’s customer will pay approximately the same amount — give or take a dollar or two — for a Big Mac in Denmark as they would for a Big Mac in the United States. In fact, in many cases you’ll actually pay less for a Big Mac in Denmark than you would in the United States.
https://www.snopes.com/fact-check/big-mac-cost-denmark/
Isn’t it great having all the knowledge of the internet at your fingertips?
Not only that but they taste better here too.
Correlation does not equal causation!!!
Yeah. But for this it does…
Like, it’s not some unknown phenomenon. Business owners pass the increased cost to consumers rather than lose profits.
And that price increase is realistic. Margins are slim in food, so the labor cost to double wages is still pennies, maybe a quarter per item.
Hell, knowing capitalism it also raise the profit too.
And people would be cool with that. We’re already seeing prices go up more than this anyway. But if everyone’s pay went up, we’d all buy more shit, and everyone would make more money.
Capitalism is failing because people with more money than they could ever spend still want more so they can say they have the most. The number doesn’t matter, they just want everyone to have less than they do. So they don’t even act in the best interest of the economy. If the poors have money, they might give it to another wealthy person, so they keep it hoarded so it stays with them.
Usually, yeah, but I think it’s safe to say that when the company is spending more they’ll raise prices to cover costs. Assuming that a price increase on the same day as wages go up was caused by anything other than the wage increase is kind of like plugging your ears and screaming you can’t hear.
And it’s still the cheapest fast food joint in the state.
So a 25% wage increase resulted in price rises of less than 4%. This is such a good trade off that you’d have to be extremely intellectually dishonest to be able to be against it.
Or extremely selfish. They see their wage stagnating while costs increase and think of lower-income earners as deserving of their place in squalor, rather than respected and dignified.
It seems that In-N-Out’s price increases were among the slightest, other chains have increased their prices far more substantially, apparently in some cases over 50% for certain items.
Meanwhile, others have already adjusted their prices over the previous months in anticipation of the new law, so In-N-Out seems to be very much the outlier here.
Aww :(
Those price increases of 25%+ are not because of this change, that’s just opportunism. Price increases of between 5 and 7% still seem worth it to me.
I found a McDonald’s franchise cost breakdown where staff wages were 27.5% of the total cost: https://www.mymoneyblog.com/mcdonalds-franchise-cost-vs-profit.html . A 25% increase on those wages, would mean a total cost increase of almost 7%, so it seems like Mr Rodrick is honest with his pricing.
The funny thing about using In-n-out as an example for this is they were already paying over $20/hour in much of California. The mandatory wage increase would impact them least of all.
I believe mountain view ca pays a starting wage of ~$21 and that was like 2 years ago
In n Out is boring meat sandwiches.
Lmfao the fries cost the same
There’s more price sensitivity there because no one will pay more for In-N-Out’s garbage ass fries.
*$0.10 Math is hard.
5.90 - 5.65 = 0.25
4.10 - 3.95 = 0.15
3.60 - 3.50 = 0.10
3.00 - 2.95 = 0.05
So it’s not a flat anything, but they likely did the first calculation they saw and rolled with it.
It’s also the largest increase there, so you can safely assume if they’re happy to pay 25c more then they will also be happy to pay only 5c more…
Yeah I was going to mention that as well, thank you for pointing it out.
The post clearly says 25c more for a burger. Yet the burger increased by 10c. Yall are bad at math and reading.
There are three burgers listed on that board that had a price change.
