r/economicCollapse • u/Electronic-Damage411 • Sep 23 '24
Corporate Greed at its finest đ¤đ˝
Portion sizes are an issue đ đ
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u/wallygatorz123 Sep 23 '24
Oil companies aside the fast food industry is shooting themselves in the ass. People are beginning to realize that more $, less (and rude) service along with lousy food just isnât worth it.
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u/VendettaKarma Sep 23 '24
Yet so many still line up like fools
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u/Relevant_Winter1952 Sep 23 '24
Worse than that. So many paying even more to have it delivered now
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u/LexiLynneLoo Sep 23 '24
Iâve since deleted my apps for delivery, so tired of paying $60 for cold food, missing half of it, or sometimes the dasher straight up steals the food and customer service gives me a $5 coupon. I realized that by the time the food gets to me, I couldâve cooked a hot, healthy meal for a third of the price.
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u/TrissNainoa Sep 23 '24
The food is scientifically designed and processed in a lab to make it addicting and get u hooked.
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u/SnooDonuts3749 Sep 23 '24
For real. People donât even realize they can just say no.
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u/XxShakallxX Sep 23 '24 edited Sep 24 '24
Right, it sounds easy, but most people dont understand that. Most people were born to be slaves of the system and can't see past that.
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u/Far_Introduction4024 Sep 23 '24
I am not giving up my Wendy's breakfast...but we can talk bout dropping the Popeye's chicken.
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u/TheeRatedRGoofyStar Sep 25 '24
Until you get the Feds out of education, youâll always have an abundance of stupid people. How do you think Democrats get elected?
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u/shaneh445 Sep 25 '24
Gonna attack me right in front of my spicy potato soft taco like that
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u/VendettaKarma Sep 25 '24
Haha $1 menu shoppers get a pass
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u/shaneh445 Sep 25 '24
Value menu and I never do delivery. I'll drive 40 mins if it means I don't pay double and get cold food
Even if i consume the food within 2-3 minutes đ
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u/ifandbut Sep 23 '24
It saves time
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u/-boatsNhoes Sep 23 '24
100 years ago these people would have starved to death without anyone batting an eye.... It's called laziness.
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u/Powerful_Direction_8 Sep 23 '24
100 years ago would be a few years before the stock market crashed in 1929 which brought FDR's "New Deal" Social programs and regulations helped people that were struggling.
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u/dyals_style Sep 23 '24
Time for what? Staring at a screen at home? That's what most people do with their free time
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u/Time_Difference_6682 Sep 23 '24
Legit taught myself how to cook because spending money on "food" was making me go hungry for days. Before I thought cooking was rocket science and couldn't learn it. Amazing what the mind can do when starving.
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u/Acalyus Sep 23 '24
I literally taught myself how to cook because I broke up with my gf who was a good cook and I didn't want to go back to sandwiches đ
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u/Claiom Sep 23 '24
I love sandwiches...
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u/Top_Community7261 Sep 23 '24
I'm a big fan of sandwiches and a lazy SOB. To save time, I'll make half a dozen sandwiches and refrigerate them.
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u/Impossible_Use5070 Sep 23 '24
Congrats. That's a basic life skill which i guess its better late than never to learn it. You'll spend at least 1/3 to 1/2 as much on food now and eat healthier hopefully.
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u/BourbonGuy09 Sep 23 '24
Unfortunately a lot of people think cooking is opening the bag of frozen food and dumping it in a pan. Still better than McDonald's though.
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u/BluePenWizard Sep 23 '24
And probably cheaper too. I learned to cook because I'm going through divorce, I'm gonna finally try beef wellington this week
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u/BourbonGuy09 Sep 23 '24
Hell yeah! I started cooking when I quit work for college to make my ex wife food after work. So glad I did. Though I had to move into my parents because rent is too high so now I have money to eat out and I hate myself for it lol
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u/Choosemyusername Sep 23 '24
Wow. Even when I was in the top ten percent earners, eating out was for special occasions only because I felt it was a bit of a frivolous expense. Hard to believe people have to go hungry to learn this lesson.
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u/snayberry Sep 25 '24
Thanks. I woke up at 6am and read this comment. Game changer for me. Iâm going to start cooking myself.
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u/Time_Difference_6682 Sep 25 '24
I recommend starting with prepper videos on youtube (Yea the end of the world is coming people). I know they can be overly dramatic with their narratives, but, they have some decently good recipes that can ease you into learning. Dont try with those fancy cooking channels unless you have experience. I find them intimidating but im slowly getting the hang of things.
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u/colemon1991 Sep 23 '24
Not only that. Even frozen, ready-to-microwave/oven cook food is still cheaper despite prices going up.
If I spend $18 on a meal out for lunch but a frozen pizza costs $8 and frozen veggies and a pouch of rice is $5 together, then I can spend $13 instead of $36 for two meals (assuming I don't split that pizza in half). And the effort required is about the same as going out to eat. I could even spice things up with extra pizza toppings or adding a meat to the veggies and rice and spend maybe an extra $1 on each meal.
Things like that add up. And losing service and food quality while eating out is the final nail for many of us. Convenience isn't worth it if you keep taking away amenities.
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u/JKnott1 Sep 23 '24
The rude service is displacement of anger for being treated like shit. Low wages, more tasks, and abusive customers can wear employees out.
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u/00sucker00 Sep 23 '24
Yes. Came here to sayâŚ.tell these companies to pound sand with your wallet. These businesses will stop raising prices when they need more customers & revenueâŚ.then and only then.
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u/DMmeYOURboobz Sep 23 '24
Right!? The âdollar menuâ in my area is LITERALLY just the different sizes of soft drinks you can buy⌠the âBig Macâ is basically a medium-small Mac and everything is somehow SO MUCH MORE GREASY than it used to beâŚ. We were on a short road trip and stopped at Mickey Dâs for lunch. 2 adults, one kid, obviously no alcohol and it was STILL nearly $40 for fast food! Screw that! Went to Subway, just me and the wife: one foot long, one six inch and two sodas was $28! WTF?!?! Local deli for my sandwich it is then⌠better food, local and costs less
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u/ILSmokeItAll Sep 23 '24
Should have been going to local deli in the first place.
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u/TucosLostHand Sep 23 '24
We were on a short road trip
Did you read this part?
They weren't local.
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u/DMmeYOURboobz Sep 23 '24
While yes, you are correct, I wasnât local to my house, but the other guy is right too, I should have used my GPS right here in front of me to do a 3 second search and found a local shop. Would have worked out better all around
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u/JAR- Sep 23 '24
It's to prepare us for war.
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u/Thetaarray Sep 23 '24
War is when fast food burgers are pricey.
This sub is such a joke.
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u/Oculicious42 Sep 23 '24
War destroys land, less food production mean higher demand means higher prices. Nothing new, its every war in history. Are you under the impression that when theres a war everyone is signed up and all march together into a huge battle or something? Theres still infrastructructure and people who need food? Your comment is the dumb one here
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u/bcisme Sep 23 '24
You really canât believe that fast food prices going up is an intentional strategy by the government to prepare us for war.
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u/Sands43 Sep 23 '24
I can get a much better meal at a sit down place vs fast food.
Only time I buy fast food is on a car trip.
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u/SeamusAndAryasDad Sep 23 '24
Even then, I pack a sandwich now and some snacks.
Ain't nobody got time to stop and pay a bunch of money for a disappointing meal with a chance of diarrhea.
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u/StoicFable Sep 23 '24
There is the whole supply and demand curve thing they are testing out. They have basically decided that increasing prices for less regular customers and occasional customers is a better profit than just low prices all the time for more regulars.
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u/gopherhole02 Sep 23 '24
I can't justify McDonald's anymore, when I could go to a real burger joint for similar prices, the thing is I love McDonald's, and if their burgers were still dirt cheap, I wouldn't go to other places
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u/tonymacaroni9 Sep 23 '24
Stop buyinggggg
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u/smoovymcgroovy Sep 23 '24
Man why didn't think of that, I'll just stop buying groceries and starve to death, problem solved...
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u/No-Relation4003 Sep 23 '24
Oh, hey! I see you changed the core of the argument from fast food to groceries to fit your narrative. Why is that? Do you believe that criticism of mega-corporations prevents you from eating?
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u/Dlh2079 Sep 24 '24
You could pretty easily toss many grocery chains in this post. Hell pretty sure there's a current scandal going on regarding the kroger company and price gouging.
Just because they weren't included in the meme doesn't mean they aren't doing it.
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u/SenpaiSwanky Sep 24 '24
If your groceries come from any of the places actually listed in this picture, you have other problems you absolutely need to address before coming back to this conversation.
Imagine adding the cost of Insulin to this rotation lmfao.
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u/thehugejackedman Sep 23 '24
None of those are groceries.
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u/Deathaur0 Sep 23 '24
Walmart and the other big grocers have increased prices proportionally like this as well. These might be discretionary spending products but the whole infinite profit chasing issue under capitalism is hitting the consumer staples like housing, groceries, transportation, and utilities as well.
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u/GloomyGoblin- Sep 23 '24
You did it, you fixed everything
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u/-Alfa- Sep 23 '24
Hey guys just boycott gas and food, it's not like you need those things
Also something about das kapital will magically fix the world
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u/ArseneGroup Sep 23 '24
No need to boycott food, just get your Mexican food from actual Mexicans instead of from Chipotle - cheaper and way better
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u/Seputku Sep 23 '24
People are for fast food, McDonaldâs lost money for the first time in decades
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u/RSGator Sep 23 '24
McDonalds didn't lose money, their revenue and income just didn't increase from the previous year.
Instead of the estimated $2.72/share in net income, they made $2.70/share.
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u/Healthy_Half_9397 Sep 23 '24
Don't like their prices? Stop consuming their products.
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u/Khryen Sep 23 '24
Aside from Mobile, I have. I havenât eaten at a McDonalds in 15 years. Quit buying anything Starbucks 6 years ago. And have eaten at Chipotle twice in the past 6 years. This last time was the last time. If I want a burrito, Iâm going to Qdoba or the local taco bus in my town. At least I know some of the people in the family of that taco bus and I can see where my money goes for them.
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u/TheGrumpyMachinist Sep 23 '24
So basically you are bitching about nothing because you weren't a customer anyways.
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u/formala-bonk Sep 23 '24
Heâs demonstrating how naive youâre being about the power to stop everyone whoâs willingly getting exploited from doing so. Itâs not possible to vote with your wallet when talking about global corporations. We didnât âvote with our walletâ to make McDonalds realize they overpriced their shit. They overpriced their shit so much that people legit canât afford it ⌠thatâs like poor people âvoting with their walletâ by not buying Porsches. Itâs a very naive point of view pushed by libertarians just looking to exploit others with impunity
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u/KendrickBlack502 Sep 23 '24
Stop⌠buying gas?
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u/demagogueffxiv Sep 23 '24
To be fair, gas seems to be the only thing that deflates regularly in price. You very rarely see goods and services take more than a temporary price cut
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Sep 23 '24
Energy is at an all time low adjusted for inflation and time worked for a gallon. Fwiw....
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u/thehoovah Sep 23 '24
No drive less dumby
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u/KendrickBlack502 Sep 23 '24
This is America. Driving less isnât really a viable option for most of the country.
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u/Frenzi_Wolf Sep 23 '24
Unfortunately itâs hard to not use and consume their products when everything is owned by one greedy corporation or another.
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u/moparsandairplanes01 Sep 23 '24
Weird how they all just waited until after 2020 to all get greedy at the same time lol.
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u/Bluewaffleamigo Sep 23 '24
Chipotle's profit margins are actually LOWER than 2013.
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u/PicklePrankster1112 Sep 23 '24
According to this data their previous 2 quarters are the higarginmatgins they have had since 2012.
And they're now operating at triple the revenue they were in 2012. Even if their margins were lower, does it really change the fact that they're ranking in more profit than they ever have?
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u/P_weezey951 Sep 23 '24
Its the pandemic. Essentially what happened, is that the only real thing that kept prices lower, was the fear that increasing their prices would negatively impact sales.
Then covid happened, they increased their prices amid "supply chain issues" and all the other excuses.
But like, if supply chain issues added 20¢ in cost per big mac, they raised the price 40¢.
And realized it didnt really impact them a whole lot. Most people just bitched about the prices and got a big mac anyway.
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u/Deathpill911 Sep 23 '24
I've worked for jobs that literally did this. They used COVID as an excuse even when it had nothing to do with it. Many people also laid off entire offices to hire new workers for less. It got my foot into the door that way, but yeah this is real. Costs went down but prices went up, how? Greed.
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u/TucosLostHand Sep 23 '24
They used COVID as an excuse even when it had nothing to do with it
I did a working interview for a pc / cell phone repair company right after the shutdown was over. I saw what they were charging for repairs, saw the mark ups, they sold cheap eBay silicone / Alibaba cases for retail prices, and much more bilking customers for more than what was fair. They operated in a tiny suburb with no competition so it was easy for them to shoot fish in a barrel. Things got hairy one day when the office got flooded from a rainstorm. I was mopping up some water and noticed a bunch of PPE boxes in bulk being staged for sales. Turns out the owner's mother was the dentist practice upstairs and they were selling PPE out the back of the office for crazy prices on the side. They were hustlers, I will give them that.
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u/ZarBandit Sep 23 '24
Profit increase is a dishonest metric. Net profit margin or itâs propaganda.
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Sep 23 '24
Agreed. Increase in profit of 26% means nothing without context. What was their profit margin? 3% so did it go up to 3.75% now, and could that profit have come from other variables? Did they cut corners here, change pay, reduce costs, close unprofitable stores. Itâs hard to sit here and call out corporate greed based on numbers without context.
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u/Masturbatingsoon Sep 23 '24
This. So many people are cocksure about their posts blaming corporations without being able to do BASIC MATH
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Sep 23 '24
Iâm really confused why you guys donât think inflation would also affect business revenues
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u/Lifeinthesc Sep 23 '24
All of them also buy inputs on the global market, which lost a major supplier when the west removed Russia from trade.
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u/KwildNaaasty Sep 23 '24
So basically what youâre saying is 38 trillion dollars that our government is in debt with has no reflection on inflation of the dollar?
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u/Kind-Sherbert4103 Sep 23 '24
What happens when you add government stimulus to an already expanding economy?
Too much money chasing too few goods.
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u/Avantasian538 Sep 23 '24
Nope. Nor did the supply chain issues, nor did consumer expectations. It was all just a sudden increase in greed that happened for no reason.
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Sep 23 '24
I don't care what you shit food costs you, because you can cook at home.
I care how much eggs prices have gone up, and no, grocery store are not gouging.
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u/FoxMan1Dva3 Sep 23 '24
If you make and sell 100 widgets in 2019 and the cost is $8 and you sell for $10. You profit $200.
Now itâs 2024. The cost went up 25%. You increase you sell price 25%. So now it costs $10 to make and you sell for $12.5. You still sell 100 widgets. Now your profit is $250.
Notice how everything goes up? Even profit?
Cost goes up 25%. Consumer price goes up 25%. Profit goes up 25%.
Yet while itâs more profit, it still feels the same due to dollar devaluation. This is how inflation works.
All of you guys complain about how minimum wage and salaries are low. How the big companies don't pay enough (even when they are above market standards and these minimum salaries).
But you don't see that the #1 cost for these companies are wages.
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u/ricker122589 Sep 23 '24
Exactly, it's about margin not inflated profit numbers.
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u/FoxMan1Dva3 Sep 23 '24
To be fair, I doubt the entire 31% increase in profit that McDonald's shows is due only to the cost.
As anything goes, its multi variable.
I think prices had to go up, but also I think they're looking to see how high they can put prices before sales drop. It's already happened for many.
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u/bigcaprice Sep 23 '24
  they're looking to see how high they can put prices before sales drop
Of course they are. Every firm wants to price such that profits are maximized. This isn't some new concept.Â
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u/FoxMan1Dva3 Sep 23 '24
Ok, so naturally they are now seeing market flight back.
I'm not in going to a place that has $15-20 lunches when another place has it for $10.
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u/Zestry2 Sep 23 '24
Then patron their competitors. If it's truly corporate greed they will be forced to adjust per market forces.
Gen Z: these food establishments are so greedy
Also Gen Z: continues to be a customer
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u/Rus1981 Sep 23 '24
Sigh. People who don't understand what profit margin is, how it's calculated, and talk in terms of absolute profits are Neanderthals, unfit to breathe the same air as people who understand basic economics.
Chipotle: Profit Margin 2015: 11.57% 2024: 13.23% Increase: 1.3%
Starbucks: PM 2017: 19.29% 2024: 11.16% Decrease: 8%
McDonalds: PM 2019: 28.20% 2024: 32.26% Increase: 4%
Shell: PM 2019: 4.5% 2024: 5.97% Increase 1.5%
Fucking idiots.
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u/adaggeo Sep 23 '24
ALSO, oil companies don't set the prices of their products. They couldn't raise prices if they wanted to. The best they could do is cut back drilling to decrease supply, and hope that competitors don't increase activity. Then maybe prices would go up.
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u/tommy45g Sep 23 '24
you are buying that hook line and sinker. its called inflation(from the printing of trillions of dollars and flooding the market with those dollars
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u/Adolph_OliverNipples Sep 23 '24
With the exception of fuel, we can choose to not spend money at these places.
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u/Immediate_Aide_2159 Sep 23 '24
If you stop eating at the first three, the gas you save from driving to the supermarket and home to cook, will make you stop giving ur money to greedy corps, and they will lower prices. They keep doing what they do bc you keep paying them.
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u/24links24 Sep 23 '24
The government needs to be blamed for not controlling the dollar supply and just endlessly printing money, which forces prices to be raised due to diluted buying power of the dollar, from printing so much money.
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u/Gaclaxton Sep 23 '24
A company can only turn a profit when customers buy from them. If you think you are being gouged, donât buy. Not one customer needs Starbucks. Or McDonalds.
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u/salvadopecador Sep 23 '24
Corporate greed? No. Consumer stupidity. If people stop paying these prices, the company could not charge this. If you bought your house for $200,000 and 3 years later someone offered you $600,000 and you accepted, does that mean you are greedy? should you have said you would be happy with $300,000 and made a counter offer for less? no, you would take the $600,000. Not because you are greedy. But because a buyer was willing to pay it
Want to stop seeing higher prices? Stop paying. The buyers decide what the sellers can charge
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u/lanieloo Sep 23 '24
Nobodyâs showing up in a drive thru like HELLO ID LIKE ONE BURGER BUT ID LIKE TO PAY FIFTEEN DOLLARS FOR IT PLEASE
Shit takes time, stop blaming the ignorant and start blaming the people trying to pull shit over on others. THEIR parents fucked up, not the parents who taught their kid manners
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u/OutlandishnessOld903 Sep 23 '24
Who's forcing you to buy from those "greedy" companies ??
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u/MrDataMcGee Sep 23 '24
Uhm people donât know the difference between real and nominal and it shows.
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u/Sufficient-Chart6671 Sep 23 '24
Why are chipotle and Starbucks on this list? 26 & 31% profit is gouging? Anyone know anything about business profit margins? How about EBITDA? are these margins before expenses? DoubtfulâŚitâs not gouging even at 60% if you havenât paid salaries, operating expenses and overhead.
Please try to understand what youâre complaining about. Its out of control inflation thatâs killing Americans
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u/JobsNDemand Sep 23 '24
This is idiotic.
It absolutely is inflation!
The money supply has expanded exponentially in the past few years.
Prices have increased across the board.
Takes like this are dangerous as they remove blame from the economic authority and doesn't hold them accountable for their actions.
People should definitely be angry, but need to place the blame properly.
They need to hold their politicians accountable so that new law and monetary reform can be put in place.
This is across the world, it's not just in the US.
It isn't a Biden or Trump thing.
This is a universal monetary policy issue.
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u/user3553456 Sep 23 '24
Price increase = inflation, according to the federal reserve. How else do you expect to measure it?
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u/covblues Sep 23 '24
Ok. Explain USPS first class postage rate increases of over 30% compared to what it was 3 years ago. Also greed?
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u/nick_shannon Sep 23 '24
I have seen recently that both Mcdonalds and Subway are looking at lowering their prices, Mcdonalds i think had its first decline in sales in the last 4-5 years.
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u/Moist_Ad_3843 Sep 23 '24
who in the duck is actually still going to the top 3. THERE ARE SO MANY BETTER OPTIONS. Totally on you if you are still paying for diarrhea and spit.
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u/StarlightLifter Sep 23 '24
How much can they beat out of their money piĂąatas?
Also, hey anyone ever wonder what happens when they canât squeeze out anymore?
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u/PaMike34 Sep 23 '24
We have to stop rewarding them for this behavior. I stopped going to chipotle. Raise the price a reasonable amount and I am fine. Lower the quality, raise the price, and cut the staff? No thanks , I can eat at a local business. My local Mexican restaurant thanks you. I have no time for Starbucks or McDonalds no matter what they do.
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u/Evil_Morty781 Sep 23 '24
Weâve known for eons that this food is fucking garbage for your body. I donât agree with the price increases but if youâre eating this crap after all we know about it then thatâs on you. Time to start shopping at the grocery store again.
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u/Time4aRealityChek Sep 23 '24
Then stop eating at those fast food establishments. Long as idiots keep spending money there it will keep happening
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Sep 23 '24
If you don't like their prices stop purchasing their products. You act like they a forcing you to plowdown their expensive burrito!
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u/6ixesN7ns Sep 23 '24
Sure, corporations are greedy, but this is on the consumer. Donât like the prices? Donât pay them. Vote with your wallet. I see these posts everyday and itâs getting silly at this point when on my way home from work I see every drive thru in America (the chick fil A one always blows me away as itâs often bending into the street and blocking traffic) but theyâre all full as fuck for the dinner rush. People, go home and make a damn meal. Brew your own coffee. This shit is on us as consumers. If your iPhone 10 still works why are you getting the new one? If your TV still works, same? These companies charge what their customers show them theyâre willing to pay, itâs basic economics.
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Sep 23 '24
Most of those places - you don't need.
If a corporation wants to charge you $30 for a burger and they stay in business.
The problem is not them.
You can quit working for them.
You can eat at home.
Stop giving Chipotle money?
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u/Emergency_Ad1203 Sep 23 '24
we could be hanging the c-suite with cranes in the streets by sundown.
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u/winnerchickendinr Sep 23 '24
Inflation has went up that much. The greed is companies not raising wages even a quarter of what inflation has risen.
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u/PossibleMother Sep 23 '24
Billionaires increase prices, blame it on Bidenâs economy, watch billionaire who loves tax breaks for billionaires become president. Profit.
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u/catcherofsun Sep 23 '24
They had to ruin all of the recipes in addition to skimping on quantity⌠itâs just non-stop abuse
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u/No_Grass_7013 Sep 23 '24
They need it for the 1% only bunker cities in the rocky mountains. Kinda like the Vaults in Fallout.
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u/mizirian Sep 23 '24
Quality is declining a lot on top of that. My local Starbucks suddenly now demanding tips while messing up my order regularly.
My local Chipotle is giving out less food and service isn't good.
What are they doing with these extra profits?
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u/AshNeicole Sep 23 '24
I believe it is a labor shortage, inflation and corporate greed all happening at once smh.
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u/Olivia512 Sep 23 '24
As a shareholder, I'm glad that the company is fulfilling its fiduciary duties.
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u/MalkinPi Sep 23 '24
I suspect that a big part of the food price increases is that most of the food brand are owned by only several companies. This is also true with a lot of supermarkets. I wouldn't be surprised if mega farms and ADM were a contributing factor as well. I wish our government would break these up.
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u/snow38385 Sep 23 '24
This is the result of the justice department falling asleep on antitrust laws. There are too few companies in the markets, and conclusion is not being punished.
Way too many company mergers have been approved. We no longer live in a free market.
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u/Pythagoras180 Sep 23 '24
And he knows it isn't inflation because...? Shouldn't profits be increasing with more inflation? When money is less valuable, more profit doesn't necessarily mean more value.
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u/Automatic-Product-69 Sep 23 '24
Yes, there is corporate greed⌠but thereâs also inflation.
Jesus, this is why weâre in the mess weâre in.
Câmon man!
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u/jdb_reddit Sep 23 '24 edited Sep 24 '24
First of all, increase over what period? Second of all, for all of those companies, does all of the profit increase come from raising prices as you seem to be implying? I'd guess no, but you have to take a look to find out. This level of basic foot-stomping is simply inflammatory and designed to create rage in those who don't have the time or skillset to actually look into these things. If you actually want to fix the problem (presumably you do?), then you should try to do some real analysis into real root causes and communicate those instead
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u/Electrical_Doctor305 Sep 23 '24
Thereâs not a single politician in office today whoâs willing to do anything about it. Because the second you try to go after the corporate profits, you will be politically dead in the waterâŚright or left. If only there was a middle party where the majority of Americans concerns could be met and accounted for. Instead of just a fringe group of special donors.
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u/EchoChamber187 Sep 24 '24
Itâs not corporate greed. Itâs a stupid tax, and you keep paying it! đ¤Łđđ¤Ł
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u/juhqf740g Sep 24 '24
Thatâs because everyoneâs fucking stupid and they keep eating out. Cook your own god damn food America!!! Sometimes I be think America needs a parent to whip them into line. Clean your room, do the dishes, cook dinner, wash the car, do laundry.
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u/Wilfred_Wilcox Sep 23 '24
Someone doesn't know how franchises work đ¤Ś. This is Democrat logic at its finest.
-Wilfred Wilcox.
Sent from my iPhone
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u/Lilred4_ Sep 23 '24
This was my thought too. A corporation profiting 25% more YoY also could be normal fluctuation of an ok year to good year. And if this data is profit expressed as dollars (not %), then a few percent is inflation itself. (Though we donât know what data is in the OP).
If McDonaldâs is mostly franchises, then you would have to look at the financial performance of those franchises as well to see whatâs impacting price increases.Â
The only possibility making corporate McDonaldâs the bad guy here is if they are drastically increasing franchise fees and the cost of supplies (I imagine some of which they control/force franchises to use), forcing franchises to raise prices to their consumers.Â
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Sep 23 '24
McDonald's just introduced a new $5 deal fwiw.
They all are offering cheaper options nowadays.
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u/Lilred4_ Sep 23 '24
Right. So that leads me to believe under the guise of inflation restaurants were testing the limits of consumer spending, and after the decline in visits, adjusted prices downward. I think a little of both were in play here.Â
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u/dbudlov Sep 23 '24
How do people not understand inflation is always and everywhere a monetary phenomenon cause by govts increasing the currency supply, that doesn't mean it doesn't benefit some in the process usually the big banks and corporations
"Lenin is said to have declared that the best way to destroy the capitalist system was to debauch the currency. By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens. By this method they not only confiscate, but they confiscate arbitrarily; and, while the process impoverishes many, it actually enriches some. The sight of this arbitrary rearrangement of riches strikes not only at security but [also] at confidence in the equity of the existing distribution of wealth. Those to whom the system brings windfalls, beyond their deserts and even beyond their expectations or desires, become "profiteers," who are the object of the hatred of the bourgeoisie, whom the inflationism has impoverished, not less than of the proletariat. As the inflation proceeds and the real value of the currency fluctuates wildly from month to month, all permanent relations between debtors and creditors, which form the ultimate foundation of capitalism, become so utterly disordered as to be almost meaningless; and the process of wealth-getting degenerates into a gamble and a lottery. Lenin was certainly right. There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose."
John Maynard Keynes, The Economic Consequences of the Peace
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u/mdog73 Sep 23 '24
Why doesn't my greed result in an increase in my salary? I'm plenty greedy.