Corporate America may be bumping up against the limit of its power to keep raising prices as consumers in some markets cry uncle.

“Even though we’re pushing through pricing, the consumer is tolerating it well,” he said in October analyst call.

normal way to talk about ‘fellow’ human beings

  • @saintshenanigans
    31•4 months ago

    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

    • proleEnglish
      11•4 months ago

      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

      Yes, exactly. Maybe I just take the amazing variety of local food choices near me for granted, but it just makes no sense to me anymore.

      The only fast food I still get sometimes is Taco Bell. Not if I’m in the mood for Mexican, I’ve got a half dozen better places near me for that. Taco Bell is its own genre of food separate from Mexican and Tex-Mex.

    • @[email protected]
      2•4 months ago

      I hear people talk like this, but I don’t think it is actually true. Sure, fast food use to be half of a smaller joint, but now you are only paying 20-30% less at the fast food places. That ignores the fact that a lot of the cheap food is on the apps now. My Mcdonalds has had buy one get one Big Macs for about 2 years now. Even if I get that and a fry, I am looking at a $8 bill as opposed to a local joint that is going to charge $9 for their basic burger, no fries.

      This doesn’t even take into account the speed of the fast food places, which is much slower than it use to be, but still the fastest places in town. So yes, the days of a late night snack run to Taco Bell are over, but the restaurants still have a purpose. The purpose is for when you need some food right now, and not for a huge price.

      • @saintshenanigans
        8•4 months ago

        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/

        • @[email protected]
          5•4 months ago

          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.