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Joined: Mar 2001
Posts: 12,156
Campfire Outfitter
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Campfire Outfitter
Joined: Mar 2001
Posts: 12,156 |
It is indeed more than just minimum wage. As always, things are more complex.
But you can lay most of this at the feet of the current administration. Inflation raises the cost of everything from the farm to the trucks to the processors to the suppliers, to the individual stores, and -- yes--to the employees wages.
In the defense of eateries, if they don't raise prices, they go out of business. That's it, plain and simple. I agree the current administration has royally screwed up our economy. I'm just calling BS on blaming everything on the minimum wage when it's the same it was 15 years ago in most states. It's about as dumb as democrats blaming everything on "climate change", both are intellectually lazy.
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Joined: Aug 2003
Posts: 39,094 Likes: 22
Campfire 'Bwana
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Campfire 'Bwana
Joined: Aug 2003
Posts: 39,094 Likes: 22 |
The UPS job cut is probably related to all the seasonal help the hire every year and then lay them off. They do it every year....this isn't a surprise! Remember that new union contract for 170k per worker that was discussed here? The result is 12k layoffs to pay for that. Part of it. Also they expanded for a once in a lifetime and TEMPORARY event - Covid while delusional thinking was that those volumes will be forever volumes. Now package volume has regressed to the mean amd they're hang chow. Plus they let the head of Coyote go like 6 or 9 months ago and NOW, suddenly they're surprised by the cyclical nature of brokerage operations after owning it 8 years. Looking to sell a company they bought for 1.5b that's worth, maybe 400m IF you can find a buyer.
Me
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Joined: May 2003
Posts: 31,259 Likes: 3
Campfire 'Bwana
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Campfire 'Bwana
Joined: May 2003
Posts: 31,259 Likes: 3 |
That's true, but a LOT of the complaints are from places where the minimum wage has been pumped up. McD headquarters probably have to average out all the costs nationwide to come up with a single burger price. McDoofus can't have a price in Mizzippi that's lower than the one in Californicator.
Cleverly disguised as a responsible adult.
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Joined: Jul 2017
Posts: 1,544
Campfire Regular
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Campfire Regular
Joined: Jul 2017
Posts: 1,544 |
I’m sure the portions will get smaller and the % of artificial ingredients will get larger.
In N Out is cheaper, better, and takes less time.
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Joined: Sep 2022
Posts: 5,480
Campfire Tracker
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Campfire Tracker
Joined: Sep 2022
Posts: 5,480 |
I missed a similar McD report on last night's news that might be the stimulus for the OP. I suspect the remedy will be shrink-flation. Same product and name, just a smaller portion. I did a stop at a Dairy Queen a few weeks back, and portions looked to be maybe 15 to 20% smaller.
Burger King is holding up size wise but with a near 30% price jump. We'd hit them when traveling to the tune of about $18 for meals and drink. Last stop was $28. yea, smaller food sizes is definitely happening. Noticed it big time at Wendys problem with McDonalds is they have a key product that has weight built into the name, unless they rename it the Royale with Cheese I noticed that the other day when I went to buy some HÄAGEN-DAZS ice cream. I think they used a Thimble as the casting mold to make their new containers, price has not changed though, easy pass.
KB
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Joined: Dec 2019
Posts: 17,169 Likes: 11
Campfire Ranger
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Campfire Ranger
Joined: Dec 2019
Posts: 17,169 Likes: 11 |
Biden can claim that he has ended obesity -- by making fast food unaffordable. You sure you didn't drive A-10s?
-OMotS
"If memory serves fails me..."
Quote: ( unnamed) "been prtty deep in the cooler todaay "
Television and radio are most effective when people question little and think even less.
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Joined: Dec 2019
Posts: 17,169 Likes: 11
Campfire Ranger
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Campfire Ranger
Joined: Dec 2019
Posts: 17,169 Likes: 11 |
Mcds had a dam good mushroom Swiss at one time You gonna luv their be McCrickit!
-OMotS
"If memory serves fails me..."
Quote: ( unnamed) "been prtty deep in the cooler todaay "
Television and radio are most effective when people question little and think even less.
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Joined: Aug 2003
Posts: 39,094 Likes: 22
Campfire 'Bwana
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Campfire 'Bwana
Joined: Aug 2003
Posts: 39,094 Likes: 22 |
Costco still has 1.50 glizzys
Me
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Joined: Oct 2011
Posts: 59,106 Likes: 17
Campfire Kahuna
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Campfire Kahuna
Joined: Oct 2011
Posts: 59,106 Likes: 17 |
interesting to see what they do and if others follow
the best deal (at least for lunch) in our area is Olive Garden - all you can eat salad, soup and breadsticks for $8.99. About the same price as a McDonalds combo meal (if you don't get a drink at OG)
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McDonald's CEO Chris Kempczinski addressed the uproar over soaring prices and has promised "affordability" in 2024.
According to Entrepreneur, Kempczinski spoke on an earnings call Monday and said the fast-food giant might tweak its menu with a new focus on affordability. Per the outlet, Kempczinski said higher menu prices led to McDonald's seeing a negative turn in sales during the last quarter.
"I think what you're going to see as you head into 2024 is probably more attention to what I would describe as affordability," Kempczinski said during the call, per the outlet.
According to Entrepreneur, McDonald's experienced its first quarterly sales miss internationally in almost four years during the fourth quarter of 2023, allegedly due to the conflict in the Middle East. Per the outlet, McDonald's believes Israel's war on Hamas will continue to affect revenue into the first quarter of 2024 and potentially the second quarter.
"Eating at home has become more affordable," Kempczinski said, per the outlet. "The battleground is certainly with that low-income consumer." It's really simple, the only thing retail is interested in anymore is how much they can make you pay, MD has discovered the break point for their product, that is all.
Paul
"I'd rather see a sermon than hear a sermon".... D.A.D.
Trump Won!, Sandmann Won!, Rittenhouse Won!, Suck it Liberal Fuuktards.
molɔ̀ːn labé skýla
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Joined: Aug 2010
Posts: 28,061 Likes: 2
Campfire Ranger
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Campfire Ranger
Joined: Aug 2010
Posts: 28,061 Likes: 2 |
The only thing they had worth eating was their salads. Then they quit making them when covid started. I haven't been back to see if they have them again. Zaxby’s salads are good!
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Joined: Sep 2003
Posts: 23,432
Campfire Ranger
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Campfire Ranger
Joined: Sep 2003
Posts: 23,432 |
The UPS job cut is probably related to all the seasonal help the hire every year and then lay them off. They do it every year....this isn't a surprise! Remember that new union contract for 170k per worker that was discussed here? The result is 12k layoffs to pay for that. Part of it. Also they expanded for a once in a lifetime and TEMPORARY event - Covid while delusional thinking was that those volumes will be forever volumes. Now package volume has regressed to the mean amd they're hang chow. Plus they let the head of Coyote go like 6 or 9 months ago and NOW, suddenly they're surprised by the cyclical nature of brokerage operations after owning it 8 years. Looking to sell a company they bought for 1.5b that's worth, maybe 400m IF you can find a buyer. I noticed that Amazon is now delivering a lot of it's own packages in some markets. That can't help either. Amazon up in my AK neck of the woods swings back an forth between UPS and USPS. Seems like right now they are liking USPS for a lot of the stuff.
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Joined: May 2016
Posts: 60,417 Likes: 10
Campfire Kahuna
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Campfire Kahuna
Joined: May 2016
Posts: 60,417 Likes: 10 |
Costco still has 1.50 glizzys Wtf?
I am MAGA.
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Joined: Aug 2023
Posts: 442
Campfire Member
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Campfire Member
Joined: Aug 2023
Posts: 442 |
If you thing the price of McDonald's food is high, wait until you see the price of the double bypass surgery and medial care for type 2 diabetes your going to need from eating there.
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Joined: Feb 2010
Posts: 6,187 Likes: 3
Campfire Tracker
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Campfire Tracker
Joined: Feb 2010
Posts: 6,187 Likes: 3 |
I quit fast food and most chain restaurants when covid started and mom and pops were struggling. I have them my business which I knew they would appreciate much more. And with all the crap about lab grown meat I'm good staying far away from those places
You've got to hand it to a blind prostitute
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Joined: Aug 2003
Posts: 39,094 Likes: 22
Campfire 'Bwana
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Campfire 'Bwana
Joined: Aug 2003
Posts: 39,094 Likes: 22 |
The UPS job cut is probably related to all the seasonal help the hire every year and then lay them off. They do it every year....this isn't a surprise! Remember that new union contract for 170k per worker that was discussed here? The result is 12k layoffs to pay for that. Part of it. Also they expanded for a once in a lifetime and TEMPORARY event - Covid while delusional thinking was that those volumes will be forever volumes. Now package volume has regressed to the mean amd they're hang chow. Plus they let the head of Coyote go like 6 or 9 months ago and NOW, suddenly they're surprised by the cyclical nature of brokerage operations after owning it 8 years. Looking to sell a company they bought for 1.5b that's worth, maybe 400m IF you can find a buyer. I noticed that Amazon is now delivering a lot of it's own packages in some markets. That can't help either. Amazon up in my AK neck of the woods swings back an forth between UPS and USPS. Seems like right now they are liking USPS for a lot of the stuff. Amazon delivers 6B packages themselves last year and delivers more than FedEx does. Amazon was UPS's largest client and as they continue to build out their native capabilities- that's shrinking for UPS. Was off on Coyote numbers. They bought it for 1.8b. Seeing valuation from 200-400m. Would not be shocked if Jeff Silver buys it back and rolls Mastery into it.
Me
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Joined: Sep 2014
Posts: 21,808 Likes: 2
Campfire Ranger
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Campfire Ranger
Joined: Sep 2014
Posts: 21,808 Likes: 2 |
The issue is minimum wage raises. You can't pay some pimpled fry dipper $20/hr and still sell those fries for a buck. The last time the federal minimum wage was raised was 15 years ago. How does minimum wage raises explain McDonald's jacking up prices in those states that are still at $7.25 an hour, which is probably half the states? Min wage? What is that? It used to be starting wage here, or the number they added 25 or 50 cents to, "We pay over minimum wage!" Technically, it's still $7.25. My wife starts 16 year olds at $13 to work a c- store. Talk of minimum wage raising prices in many businesses is just common sense. It crumbles under serious investigation. A good friend works at Sheetz headquarters, he walks through a part of the warehouse going to lunch. Right down the aisle where they keep Help Wanted signs. 3-4 identical signs, except the starting wage varies. By $3/hr. Depending on where. This is a cheap area, the truck drivers here work cheaper too. However, a Coke, hot dog, or Snickers costs the same. Here in Bedford, in Ohio, rural West Virginia, or Northern Virginia. Rocky, I don't think averaging prices would work for Ronald. Most stores are owned by franchisees. The guys owning the stores getting better margins isn't going to help the ones who own stores in higher wage areas.
Last edited by Dillonbuck; 02/08/24.
Parents who say they have good kids..Usually don't!
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Joined: Sep 2011
Posts: 60,855 Likes: 10
Campfire Kahuna
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Campfire Kahuna
Joined: Sep 2011
Posts: 60,855 Likes: 10 |
We pay for fast, and easy not so much good.
These premises insured by a Sheltie in Training ,--- and Cooey.o
"May the Good Lord take a likin' to you"
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Joined: Feb 2004
Posts: 46,745
Campfire 'Bwana
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Campfire 'Bwana
Joined: Feb 2004
Posts: 46,745 |
But McD's promises to keep the Quarter Pounder at 100g. 100g of salt maybe.
Camp is where you make it.
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Joined: Mar 2020
Posts: 3,843 Likes: 1
Campfire Tracker
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Campfire Tracker
Joined: Mar 2020
Posts: 3,843 Likes: 1 |
You can eat fast casual american, chinese, japanese, mexican etc for about the same price as ff joints these days. It's absurd, but as long as the herd keeps hitting the drive thru and eating in their car the prices will not come back to reality.
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Joined: Feb 2015
Posts: 6,411
Campfire Tracker
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Campfire Tracker
Joined: Feb 2015
Posts: 6,411 |
Chick Fil A yesterday 2 regular chicken sandwich “value” meals, and rather skimpy at that, $26 and change.
~Molɔ̀ːn Labé Skýla~
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