McDonald’s earnings fall short as diners push back on rising prices
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- Опубликовано: 16 май 2024
- A new earnings report from McDonald’s that fell short of expectations is the latest sign that Americans are changing where they spend money amid rising fast food prices, with some opting to eat at home. NBC’s Christine Romans reports for TODAY.
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#fastfood #money #economy
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McDonald’s forgot there place in society. People ate there because of the value, not because it was good. Their burgers look sad.
what about forced calif newsome and progressive caused inflation?
law that mandates a $16 per hour to $20 per hour increase.....that's a big jump.
rare for private company to give a $4 per hour raise.
that's government caused
The burgers I have seen look like they threw the meet, cheese and tossed the pickles from 20 feet away and then run over by an 18-wheeler. The burgers never look as good and put together as the commercials on TV.
The burgers are amazing
That's actually not true. Given the amount of sodium, fats, and sugars in their foods people were eating them b/c the brain's reward center was tricking them into thinking it was a high quality food source. Its like a push up bra, you think its all good but in reality not so much....
*their.
McDonald's CEO calling Americans picky for not wanting to spend more...please 🤨
Their "dollar menu" now starts at TWO dollars.
You would think CEOs got a neck brace and chains on them from stockholders. It's all that is.
Right?
Pretty much
@@itzzzsss- They do! That’s basically the capitalistic system defined. GREED‼️
Ill rather spend 20-25$ on putting gas on my car than spend it on McDonald's or any other fast food place
The Spanish dollar symbol $ comes before a number; not after.
@wwlee5 My bad, I didn't know this was an advanced English class.
I’d rather invest it
@@rabidgoon i got into investing this year. 💯
@rabidgoon realty income is a great stock investment, they pay monthly dividends research it
Quitting eating this crap is the best thing for America..
Just stop buying Fast Food in general
… what do you think is happening right now
That is literally what people are doing right now and why fast food sales are down across the board.
Hint: Buy an air fryer! 😉
They are losing profit..so they already did that.
@@candacerushing6882 Absolutely! Love it! Buy so many different things frozen from grocery stores and ban 15min and better and cheaper food at home. Even cooked a salmon in there and it was the absolute best I've ever had flakey skin and moist inside.
this is greed, not inflation, I am not coming back
The prices go up because the costof everything goes up.
@@GregLakatosChradm Yes, so many people blame the corporations and franchisee's. Up here in Canada Coca-Cola products rose 25% to restaurateurs who must naturally pass those costs to the consumers.
@@dalegribble60 Yep. Cost across the board combined and we pay for it.
@@GregLakatosChradm NOPE. Its called price gouging
@@dalegribble60 No they are to blame dont be silly.
It’s junk food, the worst junk food America offers. Folks aren’t going to pay high prices for that.
Their sales weren't $0.... so yeah, people will pay high prices for that.
😂 High price for ultra-proccessed food.
That's cute af, but McDonald's continues to be the most profitable food chain.
@@pearlsswine Blockbuster was once King of the world, also.
I agree. Too much salt, fat, cholesterol, chemicals, frozen patties, cheese product, sugars,. One can get a healthier meal elsewhere. Many people are too lazy to check out other restaurants in their home town for less expensive and healthier choices.
Not just rising prices, the quality is so drastically poorer.
At McDonalds I think the quality has actually gone up, so I don't think that applies to all of those places
@@Jake-cc7ie Kinda recall 20-30 years ago it tasting a lot better compared to the last 2 or so years.
Their coffee is good quality
This!
Agreed. I recently had McDonald's after avoiding it for some time and it tasted off. I'm pretty much over McDonald's these days for that reason.
Way to undermine this report with a built-in McDonald's endorsement at the end! You guys are true champions of the working class.
Aren't they? 🤗
And the pro-corporate fear mongering of the $20 minimum wage
Exactly
luxury McDonalds food in luxury studio
Yea that felt so weird to me. They did it the last time I saw a report about crazy fast food prices and they were tossing around McDonald’s hamburgers then too lol. That was about a month ago I think?
If you’re paying $30 for McPlastic still, you have to be desperate or addicted
I can get 5 double cheeseburgers for $8 lol you’re doin it wrong
@sirdiealot53
You're still getting ripped off. Way to be their chump 😂
^ That's a hot deal. Cool story bro.
McGarbage
...or lazy.
I wish more folks were outraged about our healthcare cost - like they are about their fast food fix cost 👀.
Everybody is outraged by our healthcare costs and have been for a long time. Welcome to the discussion latecomer.
Whataboutism doesn't work here as plenty of people are highly vocal on both subjects.
If they stopped going to McDonald's, prices would go down and they wouldn't need that healthcare as much. Win win
I think everyone is outraged but you can’t boycott a hospital. If you have breast cancer where are you going to go. In some cities like mine there is only one or two hospitals left
the american way is to lay home eating painkillers and pray that u dont get more sic..like any 3 world country in the world
The real cost of eating fast food isn’t the higher prices. It’s the cost of your health.
So sick of people blaming higher wages when the real issue just gets overlooked.
Exactly. These companies have been making record profits for the past few years, even during the pandemic. There's no way a bump in wages is putting them out; especially since they didn't increase wages alongside whatever price increases they've had for many years before the current wage bump. They're way ahead of whatever wage increases they're finally taking on. The companies just want to continue to make the kind of record profits they have been making for the past few years and are using wage increases as an excuse for raising costs instead of the real issue; their greed.
This is what is going to happen to all big companies! Everyone is Tired of the corporate greed!
Hopefully but unfortunately I don’t have as much faith in the American “consumer.” 🐀
Mcdonalds back in the day was much better. Today its absolute junk. I make food at home.
LOL!!! How do you people manage to get everything backwards?
Always been junk
We make all our meals at home also, going out to eat is a once a month treat , we used to go out to eat 3-5 times a week, now we eat at home,
I didn’t realize it until after but at Panera 2 sandwiches and a soup cost $38!!!!! I’m done with them. NEVER GOING BACK.
New Ciabatta Cheesesteak $14.59
Panera has been an absolute joke for years too. Their food quality dipped and their prices go up, because as long as people still buy it, why not raise the price?
Now America will eat less fast food. I’m hesitant to say healthier
Some will buy more unhealthy foods from the grocery stores.
American food products are so adulterated, that it's questionable if there really is a healthy option.
@@ramiroherrera-oe4fm It's all about choices. Fast food offers few healthy choices. Grocery stores have many healthy choices. It's all about choices. I see people every day who are 425 pounds or more in fast food places, shuttled around on electric scooters. How do you think they got to 425-plus pounds ??? Mostly by poor eating choices and sedentary lifestyle. They have to park in handicapped spaces and are limited in clothing choices because of their poor eating habits and sedentary lifestyle. They did that to themselves. Grocery stores offer many choices. It's up to each individual to make wise eating choices.
Doubt it, they'll just move to another cheap source of cheap crap food.
They’ll just get a coke, hot dog, and candy bar at the 7/11
They just don't seem to understand that people only went there because it was cheap.
99¢ double cheeseburgers made me form a habit. 99¢ Mcdoubles with one less slice of cheese kept me asking for more. Prices eventually went up and I quit eating there as often. Rarely went once Covid lockdowns came along. Takes a special deal to get me in to go there now..
McDonald’s is one of the most egregious price hikes I’ve ever seen. They used to be the quick pick as a cheap option, quality was less but you might get it bc it was cheap. Now, the price does not make sense with the quality.
Exactly. It’s like that one woman said in the story. If they’re going to eat out, they’ll go to a higher quality place where the prices are comparable. I don’t know where McDonald’s got the idea that they can charge as much for their plastic junk, as sit down restaurants do for real food.
Agreed - it is beyond absurd. Their hashbrowns for me cost $3.49 for one! Like - insane, I would never buy it.
I remember when McDonalds cheese burgers were 23 cents and somewhat flavorful. Although that was in the early 70's the quality has gone way, way down and the prices have gone way, way up. I haven't ordered a burger or meal at McDonalds in over 35 years as the quality has hit rock-bottom. I do get their coffee on a regular basis.
A couple years ago I started going to McD's regularly since their prices had stayed the same while every other restaurant around us was going higher. Then, almost overnight, McD's raised their prices by 15-20%. It was too much too soon, and when I saw my favorite menu items skyrocketing, it shocked me into a realization that I didn't even like this food very much and it made me feel like crap afterwards. So I stopped going right then.
@@lzestrara1518 Great point. It’s interesting how for many people (myself included), the sticker shock made us realize that we don’t even really like this food. We were only eating it because it was cheap and convenient.
If more people are cooking at home, I fail to see how this is bad thing?
Already deleted my Starbucks,McDonald’s and pizza apps the day of the raises. They forgot one little thing in business, the consumer has the power to say NO!
Exactly ! without uz customerz they have no business !
👏👏👏👏👏👏👏👏👏teachers, medical professionals ( non licensed like RNs etc), get payed less than McDonads workers. Hike $ for junk. All post pandemic, during highest ar. Issues with housing. Student loans reinstated. People looting. Why pay$ for this vs restaurant. These fast foods get what they deserve....their stock will crash q2, too😮
Lol your $2 is not going to make a dent to their bottom line, Timmy.
You forgot one thing. If you can't afford McDonald's, you failed at life.
@@pearlsswine it’s apparent by your assumptions that you know nothing about economics, pricing yourself out of the market and or the the stock market investors as myself, but you just keep thinking I was just talking about the drive thru’s timmy
@@pearlsswine$2 x 10 million effects that bottom line a whole lot
Nobody wants to pay that much for unhealthy food.
Nobody? McDonald's makes more money than the top three grocery stores combined.
@pearlsswine yeah, it's why I invest. People are addicted to McDonald's. I'll see comments like "McDonald's is so gross I only go once a week." 😂 like just admit you people like it.
@@MollyLucyMaryJdoesn’t mean I wanna pay for it
@@HiDefHDMusic people still do
@@MollyLucyMaryJweed will make you eat a lot of things you normally wouldn’t 😂
Promoting micky D’S while calling them greedy. Who says the media is captured?
Easy, they're "Press-itutes".
Shameless McDonald’s promotion
Right!
Big surprise, I quit eating out a long time ago. With the price of groceries and everything else fast food is not on my radar anymore.
5 Guys used to be the place for overpriced burgers, but now that a Big Mac costs almost as much as a 5 Guys burger why would anyone go to McDonald's?
Not really. 5 Guys is even more obscene
@@clays1507 where I live a 5 Guys burger is $9 and a Big Mac is $6.50. Due to the difference in quality I'd much rather buy the 5 Guys burger.
I stopped going to Five Guys because their prices have gone through the roof.
I'm 61 & retired so my money was made when I was only making an average over the years of $13 - $14 hr. No way I wanna spend an hr's worth of hard factory labor for one burg & a small fry.
YOU had a LOUSY career!!!
@@traybern he said he's only 61 and retired. Whats wrong with a career that allowed him to be retired by 61? Sign me up
@treyburn bet his net worth is higher than yours.
@@johnnyblazers He’s DIRT poor. DO the math to figure out his SS benefit. It’s TINY!!!
They poison their customers and want more money from them... hilarious.
What?
Corporate greedflation + shrinkflation
People are finding out it's cheaper for a family to order food that tastier, less cost, better service to purchase decent food at a near buy sub/pizza shop!! Just today I really thought about McDonalds and was going to order a 2-big Mc's,large fries and 2 soft drinks. Total cost $28.45. Instead down the street, a Pizza shop that also prepares dinners for take out. I ordered Fresh chicken wings and medium pizza with fries and side order of gravy. Total cost $32.00. Enough for 3 people. Food was fresh and great taste.
Top 1%: “if you want to stop being poor stop eating out and start making food at home”
Us brokes: *stops eating out*
Top 1%: 😮
Top 1% wants you to eat at McD's because they own the stock.
Exactly , who is stupid one now?
For $6, could they at least center the hamburger patty on the bun instead of it hanging half-way out the side of the bun?
McDonald's days are over. They're overpriced, and their burgers are tiny and so thin you can see through them. At least at Sonic, I can get a burger twice the size for the same price. And even then, for that price, I can go to a regular restaurant and be waited on and get a huge portion.
californian here, where i am at a big mac meal is +$17.there is a steak house nearby that makes burgers from all the trimmings from different cuts. best beef burger around and its same price. MacDonalds will not survive, the food is sooooo processed its not worth the dollar its sold on.
At nearly every big restaurant chain, prices have gone up, quality has gone down. And I have no idea how anyone can justify the prices Coke and Pepsi are demanding now for what is basically 10 cents worth of sugar and chemicals in carbonated water. I'm done.
Keep prices reasonable and make a profit. Raise prices to the extreme and lose money. Geniuses. These folks should work for the government.
In my city, a woman owns 5 McDonald restaurants. They can't be losing too much money for one person to own 5 restaurants and live in a ginormous mansion. One can get a healthier and fresher meal at many of the local restaurants for a few dollars more or around the same cost of a Big Mac, fries, and milkshake or soft drink.
Last quarter alone, u can even look this up, McDonald's made a NET profit of almost 2 billion dollars and they say that sales have been growing for the past 13 quarters, so it's crazy...
@@larrybruce4856 Yeah the whole rhetoric around franchise owners is super disingenuous. They'll convince you they're making pennies, all the while driving around in all the shiny new toys. So it's one of the two-their either living above their means, or their not as oppressed as they claim. Either way, it's not the consumers problem.
It's amazing how dumb people will say things and believe with utmost confidence that they're right. What do you even know about their profit margins lol?
POS, oops i mean P&S, I’ll have you know I ran the fryer at my local McDonalds in the early 2000s so I’m well versed in McDonalds CFO activities.
Who could have seen this coming?
McDonald's CEO calling Americans picky for not wanting to spend more.
I wish someone would hold up a McDonald's Fish sandwich in front of him and ask If he would pay $7 for it AND eat it.
good. I've just stopped eating at these places all together. I remember i could get an entire meal at McDonald's for like $7 or $8 tops. now it's like $13. I can literally get an entire bowl at Chipotle for $10 which is a higher portion. makes no sense.
Not just prices going up, but also large fries barely 1/2 full, drinks with inch air gaps at top - stingy. One's dollar doesn't get a break at McD's anymore. Not even a fiver barely a tenner!
It’s about time consumers started to figure this out and shop an alternative. I’ve been doing this for years. If a business or product doesn’t meet expectations on quality or price, go somewhere else! Fast food is about convenience and that’s what you’re paying for. While traveling overseas, I was shocked that the BMac actually looked like the one advertised. If we accept less, we will get less.
6 Big Mac® Meal comes to $74.94. For a family of 6. Grocery price for 12 patties, 16 buns, tomato, chess with the works comes to $50. Fast food or home made? Lol, sorry but for me. Home made wins hands down. 😄😉
What about the fries, drink, and time it takes to prepare and clean up?
@griffin0010 4 2 litter soda $5, 5lbs frozen fries $6. Lol. What am I at. Still $50. The works is what it means. Times 2 about for the price you pay at fast food. 100 times better.
@@mongchang8532 not sure where you live but everything you mentioned would be well over $50.
@@griffin0010 sales, coupons, I live in California. Growing most foods here. It's still expensive. Bit far cheaper. And more bang for the bucks. 😉
Why are you eating a chess board?
Eating out with 5 kids is always going to be more expensive
Try to find kids eat free places
Who's problem is that? Lol
Prices have been raising before minimum wage....but min😂wage is why prices are raising??? How about lowering franchise fees instead of increasing prices 🤔
How about just lowering prices and making just a normal profit. Stop trying to please the shareholders.
Yup, corporations better start lowering fees and landlords lowering rents. Unfortunately wages can't be controlled and that's also hurting the restaurants.
@@dalegribble60 I notice that corporations and landlords don't think they should be affected by inflation. They think only the customer should be affected. If they are hit with paying higher wages or taxes, they want to pass it all on to the customer. They think their profit should remain the same or increase.
The CEOs and suppliers of many of these fast food restaurants and coffee houses live in 30 million dollar mansions due to profits and lifestyles that customers made them wealthy. Now that they are more than wealthy, why not pass some of the profits onto customers that made them very, very wealthy ??? More than likely the CEOs will make more wealth by more customers thru their establishments with better quality foods and lower prices
I went through a McDonald's drive through four months ago to buy a quarter pounder with cheese. It cost $8.58! Just for the sandwich. I haven't been back since. And clearly I'm not alone.
If you order on the ap its much cheaper and youll find some pretty good deals on there. You can get 2 fish fillet sandwiches for 5 dollars and sometimes 2 big macs for 5 bucks as well. I quit ordering food there in person because of this
@@Matt-lp8de that's what I keep telling people use the app. I'm in California and can get a big Mac meal for 7.10 taxes included 🙌
@@Matt-lp8deI shouldn’t have to sell my personal data and many customers will refuse to. I work in marketing and guarantee this is a losing strategy.
These fast food restaurants have the nerve to say the raising their prices because they have to pay their employees $20 an hour. You raised your prices a year ago and the year before that and you weren’t paying nowhere near $20 an hour either year so all those. lies the corporations keep telling price has been on the rise. The minimum wage just went up a month ago.
Going out for fast food has become a treat. Like it was when I was a kid.
Yeah, like at the end of the month.
But we didn't go to McDonald's!
Reduce the menu, save on costs.
I agree. Get back to the basics.
Most of the increase in prices is due to labor costs. Wages, healthcare, pensions, management, maintenance, and insurance. I'd like to see a McDonalds burger in my city that even remotely look like the burgers in commercials. The burgers I have seen at my McDonalds look like they tossed the meat, cheese, pickles, and buns from 30 feet and an 18-wheeler ran over it. At no time does the meat, cheese, bun, line up like in the commercials.
How much smaller can the menu be? They have gotten rid of many items. Can’t even get a salad anymore!
Not just the food, but delivery now doubles the price and no longer affordable to have pizza or Chinese food delivered anymore. We had the luxury of always doing it in 80-90's and was still cheap. Now everyone is paying a ton. No way $10 pizza becomes $40 just to deliver. Cheaper to eat at a sit down. Sad to see how things are aren't improving in some things. It's getting worse
"Profits fell short of expectation" still meant they posted profits, just not as much as they hoped. This means they have no real incentive to do anything about the ridiculous prices.
Exactly. It's a case of 'We made 1.5 billion in profits instead of the 2 billion we had projected last year.'
Not only high prices but SHRINKFLATION too! You can find a superb meal at a local diner or chain restaurant for the same price, mcdonalds know your place.
When the dollar menu left, so did I.
They’re talking about McDonald’s raising prices, then throw it in our faces by throwing around food on TV😂 wow.
I'm so happy there is an in and out near me, fresh ingredients, great quality food, and fair prices 😋
In n out prices have risen substantially as well. Life long California resident speaking
Those r stupid burgers lol
Imagine saying fast food is great quality. They need to make cooking in schools a requirement instead of the other dumb stuff they teach kids
Not only that but they treat their workers really well. You don't have to feel guilty knowing someone is using their productive hours of their day and taking home less than it costs to live. In n Out actually pays well.
@ill_will1338 not really compared to other fast food joints.
Love how the corporations are mad that people aren't willing to pay for overpriced food
I still won’t pay more than $6 for lunch
Enjoy your PBJ and quart of milk.
So how do you do that? My method is to try to join all their rewards programs and grab food items that are discounted .. BOGO deals etc
@@GregLakatosChradm😂😂😂
Order from the ap instead of in person and youll find some good deals on there
"Food at home rose 1.2%"???? Really? Have you checked the price for TOMATOES AND LETTUCE?
Still a LOT cheaper than restaurants. Always has been.
@@langreeves6419 When I eat in a restaurant, I always leave at least a 15-20% tip. I take exception when i go to a Starbucks drive thru, or pick up a pizza and see on the credit card machine a 10, 20 or 30% tip. In one situation I had no choice but to select a minimum of 10% tip when I ordered a pizza and drove to pick it up. Am I crazy or should a drive thru or picking up a pizza expect a tip ???
Yeah. Many items have risen in price by over 200% since 2021.
The key word there was up! Don’t matter if it was just 1.2 percent prices been rising for years now. Until we see numbers decreasing every raise in price is gonna feel like getting hit by a truck.
People, there is a space in your home with a cooker, refrigeration, cupboards for storage, pots and pans. Buy the ingredients and make the burger yourself. To those who say gathering the ingredients cost almost as much as the take out, don't shop at Whole foods.
Yet the CEO has done nothing to change course. Lower the prices. That's all that needs to be done.
Also factor in this is shrinkfaltion, you pay 12 bucks for a burger that’s half the size it’s was two years ago
Yesterday I went to McDonald's for the first this year and was surprised to find nobody at the drive thru around 6pm. I remember always seeing a long line.
Bad service also, u can’t even get ketchup without the employees looking very mad at you
I have laughed myself out of drive thrus without buying anything. These recent price hikes are comical. No fast food meal is worth the prices they are charging.
My friend and I haven’t gone to McDonald’s for years. I hope they learn a lesson. Too poor of quality for too high of prices
I Only Go Where the Coupons Are. It's That Bad.
There is no shame in going only where the coupons are. Under this administration everything from auto/home insurance to gas/food prices are up.
We need to cut back where we can to keep a roof over our heads and keep our car running to get to our jobs.
@@larrybruce4856 Touche' (smile)
@larrybruce lol at blaming the president. Folks are so unaware of how things work. 🙄
Doesn't matter who sits behind the resolute desk, monetary policy will remain constant. Why? Because no politican controls monetary policy. Period. People need schooling
@@Joe-no7gsWell said. He’s truly living in a fantasy land where he thinks Biden is to blame 😂
So the reporter says folks aren't going to McDonald's are voting with their wallets because she saw it on Tic Toc? That's what passes for journalism.
I can’t wait for the ban of Tik Toc.
No, she’s saying that because they had a record profit miss, and the CEO of McDonalds said that customers are voting with their wallets.
I appreciated the ending, AL celebrating the hard working people behind the cameras and scene, and tossing them a breakfast sandwich.
That was so nice of him.
Well, if they paid their employees fairly from the start years ago, they wouldn’t have so much backlash
The junk in the junk food is going to get more junkie to increase profits
Many don't realize a "McDonalds Quarter Pounder Hamburger" is a "quarter pound" of beef BEFORE it is cooked and after it is cooked reduces down to about 1/3rd pound or less. Think about how much a pound of lean hamburger is and what you are paying for that 1/3 rd hamburger. You are paying over $6 just for the patty.
McDonalds is a real estate company.
Food sales are only like 20% of overall revenue.
They don’t really have to care about food prices, they are more profitable with property.
Burger King near me raised their prices about .40 cents since 2020.
McDonalds near me raised their prices up to $4! Ya... they forgot the point of fast food.
I've completely STOPPED eating at fast food restaurants. Larger prices. Smaller food. Not worth it!
Almost 5 dollars for a MCchicken, outrageous! It used to be 1 dollars??
To compare, in 1970 a McDonalds cheeseburger was 27 cents, a gallon of gasoline was 23 cents, a brand new, off the showroom floor 1970 Chevelle Malibu was $2390, a ranch style home in Southwest Portland was $23,750 plus closing costs. Times, labor costs, healthcare, insurance, prices have changed. It's 2024 under the Biden admin.
@@larrybruce4856he also devalued the currency since he "took office"
@@larrybruce4856You think that’s bad? Wait till Trump wins, then you’ll really be hurting!
@@larrybruce4856What an incredibly useless comparison!
@@dlazo32696liberal detected
1.2% lol - much higher than that
Coworker recently went on a vacation and he told me they stopped at McDonald's since his kids were hungry and it cost him over 50 bucks. Ridiculous.
The media needs to highlight's record profits for companies amid this “inflation.”
The price for just 1 person is close to 20 now,,If i am going to spend that munch money then i rather go to an restaurant at least i get real food
I'll at least go to Burger King.
ya McDonalds is high thinking I'm gonna buy a burger for 20% less than an actual restaurant that serves actual beef.
The prices are too high, the quality is too low, and the customer service is terrible. I’ll pass.
Wanna know how much my behavior changed, to what extent that indicates demand destruction? I was around 290lbs four years back, just as the lockdowns were hitting. Eating out was already galloping away in cost then, it's much worse now.
I'm 165lbs now and I don't eat out at all. And never will as long as a I live in this state.
Big Macs got smaller and more expensive since the pandemic.
To pricey and it doesn't taste the same anymore......
The last time I was at McDonalds, it was dirty, slow, and the food was smaller and not that good..
I ate way better at local restaurants for less money..
Typical for a company that's ruled by Wall Street. Have to keep those shareholders happy. In and out burger doesn't seem to have that problem because they are not a public company.
Being picky is the only way we can keep these companies from charging these prices.
I haven't ordered food at McDonalds for over 35 years. I only get coffee on occasion from McDonalds. .
McDonalds is now more expensive than a burger from the local greasy-spoon diner!!!
3 medium "value" meals cost more than a tank of gas!!!!
Higher quality, bigger burger YOU’RE STILL NOT LISTENING! LOWER THE PRICES PERIOD!
CEOs would rather raise prices than cut into their own million dollar wages when they’re mandated to pay employees more. It’s just greed.
One has nothing to do with the other. LOL!!! You people are so uneducated.
@@GregLakatosChradmit’s directly correlated. Wages for their employees increased and they don’t want to pay up so they make prices skyrocket as an attempt to keep their millions. It’s greed.
@@Joy-zh9fq LOL!!! WOW. You must be an MBA. I wouldn't pay them those wages either. It's unskilled labor.
So now the fake food will get even faker to make it cheaper...
Why would anyone eat that garbage
Okay, if you make more than $75,000 a year you should never go to Olive garden. In fact no one should ever go to Olive garden. They're not cheap, and they're not even very good. If you want real Italian food that is actually good find a smaller local mom and pop restaurant. Many have similar or even slightly lower prices and all of them even the ones that are a bit more expensive are going to be leagues ahead in terms of food, value, and service. Also, smaller places don't have questionable hiring practices where they require people to look at a weird blue fake person and take a personality test
Their solution will be to thin the patties even more, reduce workforce, and reduce fry portions. They dont ever want to disappoint shareholders
Push this place out of business, take back your health
We use to eat out 2 times a week. Now it’s once every 2 weeks. With a family of 4, we just can’t afford to eat out anymore.
This is why people need to stop eating fast food so much and start making more healthy homecooked meals.
I lived in California, my wife and I used to go to fast food restaurant couple times a week just to give my wife an easy day of none cooking. Since the $20 per hours happened, the fast food price went up, we never go to fast food restaurant no more. My wife made french fries and all kind of sandwiches at home, we eat better now with homemade sandwiches and a lot of veggies.
Because of the price increases I haven't eaten any fast food in a few months I feel great.
Prices at chain restaurants as well , went out last night 100 dollars for 2 with a shared starter and no dessert place was 2/3 empty never seen it like that
It's garbage, the food isn't worth the price. I also know it isn't a necessary price raise when others offer higher quality food at a lower price. Can literally get a hand made authentic Japanese meal including sushi for less than $12 where I'm at (I mean during happy hour, but come on!)
As someone who has lived in Las Angeles my whole life, I can say for certain that people need to eat to live. Period. I wish we could finally raise the minimum wage enough that people would not be priced out by this disgusting greed. We need to raise minimum wage by at least $8 an hour here, and $15-$20 in pretty much every other state
I find it hard to believe that food prices have only risen 1.2% in the US within the last year. It has gone up at least 10% in Canada.