3 in 4 Americans typically eat fast food at least once a week, but the majority are eating it less due to rising prices, according to a LendingTree survey.
Actually, yes. Part of the reason that fast food was so inexpensive was that fast food workers were criminally underpaid. Wages are up because of a combination of a tighter labor market and improved minimum wage laws. I’ve always been in favor of this, but in talking to restaurant owners I understood that they would have to pass increased labor costs on to their customers.
Continuing supply chain disruption from COVID-19 seem to also be a contributing factor, but I’m not sure what a recovery there will look like.
Actually, yes. Part of the reason that fast food was so inexpensive was that fast food workers were criminally underpaid. Wages are up because of a combination of a tighter labor market and improved minimum wage laws. I’ve always been in favor of this, but in talking to restaurant owners I understood that they would have to pass increased labor costs on to their customers.
Continuing supply chain disruption from COVID-19 seem to also be a contributing factor, but I’m not sure what a recovery there will look like.
And now there’s not as many fast food workers. They’re being replaced by apps, self-service kiosks, and reduced hours.