Household names like Chipotle and McDonald’s cautioned about flagging purchases among low-income customers.
"Flagging purchases" is an interesting way to phrase "we tripled our prices and cut staffing to the bare minimum and are surprised that it didn't result in infinite money".
Right? A burrito is $10+ and they wonder why people don't go there as often.
I'm so thankful the local halal place around the corner from my house is there... and gyro and fries is only like 9 USD. I commented to the owner about how cheap his food is; he said he's seen a bit of an uptick in business over the summer and he thinks it's because the chain places have gone mad with pricing.
Businesses: How can we pay our staff as little as humanly possible?
Also businesses: Why don’t people have any money to spend in my store?
It would be comical if it wasn’t so absurd.
Fast food is too expensive and people aren’t willing to pay top dollar for shit quality. Who knew?
the whole good, fast and cheap, you can only have two at once is true. when this formula is violated things fall apart. fast food is now only fast (it was never good but it used to be cheap).
I would question if it's fast anymore either. In my days of working fast food long ago we had parameters of customer quality and speed we had to meet. I do not see any evidence that any of the chains care about any of that anymore. Why would they? They give shit for shit prices and shit speed, and people keep coming back for more. Capitalism rule, why do better when it's not needed or required?
These restaurant g suite idiots just can't figure out how they tripled prices and people are staying away.
I haven't ate McDonald's in over a year and I don't plan on it ever again. Doing my part!
They must be desperate since they're rolling out the McRob nationwide in a few days. NGL it's tempting...
It's interesting that McDonalds saw increased traffic among higher-income shoppers. Apparently even high income people are feeling the pressure because they're apparently choosing to eat McDonald's over their usual restaurants.
Mcds is so expensive now. You might as well get actual food.
I went to Taco Bell the other week and spent $20 on processed crap.
I went to a local burger joint and spent $16 on a damn good burger and fries.
You can also go to Taco Bell and get the $5 meal box, it's one of the last fast food chains that still has a reasonably priced option.
I’d rather eat at home than eat at McDonalds.
Maybe they're not used to cooking.
But sometimes you just want a sloppy, shitty burger that you didn't have to cook.
Fast food is like a nasty lay that you are ashamed of the morning after, but you were feeling feral and wanted to get dirty.
Das some funny shit
I don't think people are eating at McDs bendy they want it.
We're eating it because we have no time, and little money. We're running behind and trying to get somewhere. If we had the time we would be eating at home.
Wages basically stopped rising (compared to asset prices) a couple of decades or so ago
Funny that people without any more money, aren't able to buy as much stuff now it's more expensive
In the US, wage growth has been above inflation for a long time with the exception of a couple of years. Since 2021, real wages have only shrunk a small amount.
That doesn't mean that individual sectors (e.g. fast food) haven't gone up more than other things, but this is more relevant than asset prices.
Then why is 15/hr still such a hot topic of resistance when that number was a living wage minimum amount decades ago? And what is the federal minimum wage still at? Then there's the issue of underemployment in both lowered expectations of what's available for a person's skill set, and also how many hours are actually available at whatever the rate is offered (i.e., if you give an employee a job at 20/hr but only give them 15 hours a week, that's not a living wage).
There's a lot of problems beyond just wage growth, and I would suggest that even if wages did start increasing faster than inflation for a while now, that just means they're "only" too low a little less. People wouldn't be working multiple jobs for each household member to make ends meet if wages were close to appropriate for cost of living needs.
Can I say something? Fuck fast food, embrace slow, healthy food
Where's all this time coming from when people need to work more jobs?
I don’t know why anyone on the west coast would eat this crap when we have legitimate taco shops. That being said we’re definitely at the end of the monopoly game a few of the worst most psychopaths own everything and working people are tapped out completely. Hard to run a consumer based economy without consumers. That’s why they are installing an oppressive facist police state with AI driven mass surveillance. A feudal dictatorship is what comes next and mass killings of anyone inconvenient to this new system. Anyway that’s why you can’t afford to buy subpar burritos
Yes Chipotle, consumer demand is the issue, not the fact that your food safety track record reads like a Chinese bio lab
I've never gotten sick from then, but doubling the prices while halving the serving sizes made it pointless to go there any more
My hubby refuses to eat there since he gets sick about 65% of the time. Definitely questionable food safety. Probably safer to just lick you cell phone.
...
Reminder: disinfect your cell phones often!
Reminder, licking your cell phone is free level ups for your immune system
They cut costs as much as possible and now they think it's the consumer because their food is shite. See the cost cutting.
They may have cut costs, but they also raised prices
That's a strange way to say they aren't selling as much as they were expecting to, even a few months ago. How about, "Some restaurant chains are reporting decreased consumer spending"
Maybe people are realizing how terrible a value it is, you can make the place look as fancy as you want, you're still serving what's supposed to be cheap food for crazy prices. There is no possible way you can justify blaming the consumer when the CEO is making tens of millions of dollars, he doesn't do that fucking much, no one does.
If you're housed you can buy the exact same shit they heat up from frozen at a restaurant supply store and heat it yourself.
I’ve never seen a restaurant supply store in my life. What?
Use a search engine, you'll find one near you.
Best prices on cookware, frozen food, bdsm gear ..
No, that last one you get at the hardware store. Best rates on ropes, chains, lumber, and eye bolts.
You might be interested in this More Perfect Union video about how Sysco is ruining restaurant culture and is about to form a monopoly over the industry.
What does he mean about to? Doesn't everyone know that Sysco provides all the crap for the mediocre restaurants? It's been this way for a very long time.
It should be obvious when you eat at garbage restaurants like olive garden, outback, chili's, probably damn near all hotel restaurants and on and on.
Right now it exists as an oligopoly as oppose to a monopoly.
Oh I thought you meant a literal store
https://www.restaurantdepot.com/
I don't know if this is a regional only thing but there are brick and mortar restaurant supply stores. You usually need a membership to buy from them but you can bulk buy the same food and supplies that restaurants buy.
There are also literal stores. I regularly visit a nearby US Foods "Chef'store"
If you've never needed restaurant supplies, that makes sense. There's lots of businesses out there you never hear of because you don't need their services.
As a side topic, that's something that's always fascinated me. Looking around at the various vehicles and shops that most people just see as background noise, there are so many industries that we take for granted unless we need that particular product or service. Lots of things done in the middle of the supply chain that the average consumer never sees. Commerce is an enormous machine with billions of hidden parts to it, and it's amazing it functions like it does even in times of crisis.
this is a recession indicator
Chipotle: Increases price of a burrito from $6.99 to $12.00.
Customers: eat elsewhere.
Chipotle: Pickachu Face!
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