McDonald's has doubled its prices since 2014, data shows
Other leading fast food restaurants increased prices by about 60% between 2014 and 2024, according to analysis from FinanceBuzz.
https://scrippsnews.com/stories/this-fast-food-chain-has-doubled-its-prices-since-2014-data-shows/Open linkView original on lemmy.world
That can't be right. Didn't the corporate tax rate get lowered? Things should be cheaper now.
Lol
Definitely because of minimum wage increases. Definitely not greed. /s
And they'll double again if people keep eating there. The only thing that stops price increases cold is a loss in revenue. They'll never go back down to what they were before. They'll keep going up until they lose revenue, then they'll back off a bit to where they weren't losing revenue, and freeze prices there for a bit. A short time later they'll start the whole fiasco over again. The reason prices have been so out of control lately is because corporations figured out that Americans will just keep on buying, even if they double their prices.
[Insert starwars meme] They also doubled wages, right?
Every time I hear "you can't raise the minimum wage because it'll increase the price of food" I'm like— points exasperated —bro the prices are going up regardless, we're just trying to keep up!
Doesn't matter. Don't eat there.
I get your point. But it is a good measurement of the price of food. Or the price of corporate greed.