This is a misleading title.
They hike the menu price to make more money using the minimum wage as an excuse.
Large Fast Food Chains: We made record profits, again!
Also Large Fast Food Chains: Wait! If we are required to actually pay our staff, how will I, Mr. CEO the Douchebag, afford my 16th yacht? How will I be able to send my children to the finest schools in the world? How will I be able to afford to eat if my workers aren’t suffering? Won’t anyone think of the 1% and our problems?
Like they haven’t raised prices 4 times already this year.
This is what being addicted to ever-growing profit looks like. They could still make mountains of profit with the new minimum wage, but they can’t make as much profit as they did before.
Let them price themselves out of business then. Someone will come along and make an affordable burger.
“The free market will fix it” seldom works, which is why it’s still pushed as a solution.
Could this hypothetical someone make a more affordable burger ethically, or would they also have to fuck over their employees and suppliers?
Usually, the answer is “no”. Businesses either use all the same sleazy, “race to the bottom” techniques or they go out of business because they offered a more expensive product to people without the luxury of being able to spend more.
But of course if you start paying people more, the billionaires will just fuck them out of that too. They want every dollar you have and they know people will spend every dollar they have to avoid being homeless or hungry.
Ok I’m fine with no fast food. Win-win. Have a good day.
So am I, but that’s not what you were advocating.
Without regulations, you won’t get “if you can’t ethically provide fast food then there will be no fast food”, you’ll just get another fast food company that’s even more unethical.
I’m not advocating anything.
Sure, pick another word to describe what you were doing and I’ll update my comment.
All I’m talking about is food prices and wages. If they raise their prices and their target audience stops going—then they will lower prices or go out of business.
They are more than capable of keeping prices the same and paying more… they just get less profit.
The company who says “we will pay more wages and keep our prices the same” will eventually be the “cheaper burger” and profit more by taking all of the business.
This is the end of my participation. Good day.
“Facetiousness.”
I wonder if this will cause the Big Mac to shrink any more than it already has.
It’ll just be a mist now. One squirt for $4.89.
Told you Libruls! The Big Mac was still $0.99 before this law was signed because companies NEVER raise prices unless they have to raise wages!
It literally doesn’t matter, fox. If it’s so bad, why hasn’t McD’s up and left the state? Why haven’t people stopped buying it? All the blather in the world isn’t bringing California down so go eat shit.
They had $3.5 billion in cash at the end of the last quarter and reported net income of over $2.3 billion.
They’re just assholes.
This is the free market don’t you know? You could start your own business and undercut them on price.
/s
No, they’re acting in the interest of their real customers, the ones they rely on to work and expand.
Investors.
And investors are angry if you don’t give them money.
This entire system is very, very fucked up, and due to that, McD will always do price rises and everything to drive revenue up.
Watch people wait in line to buy a $5 dollar hash brown. Meanwhile, In and Out still good value if you have a non-ridiculously-busy location near you.
Not an invitation to hear why you like a $18 burger better because the peanuts are free. Get real, I’m not an elephant.
Meanwhile, In n Out serves a better burger, for less money, paying their workers $19+/hr.
Ok. Hike the prices and see how sales go.
I doubt sales will change much. Most people who eat at McDonald’s do so because they’re addicted to it. Rising prices won’t stop them.
That’s precisely how it should work.
Businesses need to charge for their products and services, what paying their employees a living wage affords.
Should their products become too expensive, less people will purchase them, and then they’ll need to decide whether or not to cut executive bonus pay, and shareholder dividends, cut back on their offerings, reduce the sizing, lower the quality or go out of business.
This is business, there are a myriad of things businesses do to get and stay profitable, though the corporations profits should not come at the expense of their labor forces ability to earn a living wage.
This is business, there are a myriad of things businesses do to get and stay profitable, though the corporations profits should not come at the expense of their labor forces ability to earn a living wage.
Hiking prices in response to increasing wages to a reasonable level is coming at the expense of their labor forces ability to earn a living wage.
