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this post was submitted on 07 Feb 2024
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I worked for McDs in high school, around 2008. Big Mac meal used to be $6.08 with tax, $1 menu used to be $1.06 with tax. I went the other day and was shocked to see how much everything costs now plus I have to order via a screen (which I find bizarre, but maybe I'm just old now).
I also feel like working there used to be kind of fun. I'd take the order from the drive thru/take the money, kitchen would secretly prioritize drive thru orders (everything is timed), and window person would get the order together. Now it seems like they take 1 or 2 drive thru orders at a time and make the line wait until those are done.
Seems like fewer people working & prices went up - and I'm sure those poor folks working are making minimum wage. It's just sad all around.
The cool part is I started working there just after you! I started around 2013 and worked there until about 2016 and it was STILL about maybe $7 or $8 for a meal, and the dollar menu was still $1.06
This shit happened during covid and they're literally only doing it because they can. There have been reports that the current inflation isn't driven by the state of the economy at all, but just corporate greed.
Don't waste your time and money guys, you can get food cheaper at the mom and pop restaurants now, and that food is usually at least half decent. When it's the same price to eat at McDonald's or a "healthier" place like tropical smoothie or Chipotle, why the fuck would I want to pay for ultra processed sludge
Corporate greed definitely exists, but printing $15 Trillion also has an effect.
I'm no financial analyst and im no good at all of the legal jargon, but aren't the notes below this chart explaining they changed how they calculate this right around may 2020?
Like I said, I'm illiterate when it comes to the technical side of this stuff, so I just googled and from what I'm gathering from this article below, the fed changed the rules for what defines a savings account so they're almost the same as checking, and that caused them both to get reported in M1 and that's the majority of that surge of cash.
Feel free to correct me with better evidence, like I said again, I'm just trying to understand the legal wording here:
https://collabfund.com/blog/the-fed-isnt-printing-as-much-money-as-you-think/
True. If we stick to the older definition of M1 then it increases only by 125%. From 4 to 9bn
If we look at M2 which includes M1 then we still see the massive recent increase in the money supply.