McDonalds Executives Admit Democrat Policies Are Hurting Lower Income Diners.

a reply to: FlyersFan

It's from paying the McDonalds Salaries ... both the high executive ones and the $15 burger flipper ones.

BOOM.

The exec salaries that the execs said wouldn't raise prices, and the flipper salaries that the workers said wouldn't raise prices.

"Oh no, if it isn't the consequences of our actions that people told us would come up and bite us"

originally posted by: grey580
a reply to: WeMustCare

These guys have jacked up the prices of meals at McD's.

Then he's blaming Biden for it. GTFOH!

I am sure if Trump was in charge they would have blamed him too. They are responsible for a good part of the increase in their prices.

Best option is not to eat there anyway. Prepare your own meal which is much cheaper and much healthier and much more in quantity.

a reply to: FlyersFan

No it’s not from paying their staff it’s from their parasitic shareholders demands for higher and higher growth every 3 months. Avaricious shareholders demand infinite growth in a finite market.

Since the market has expanded to include pretty much everywhere there was to expand too, the only way to satisfy shareholders unreasonable and ultimately impossible demands is to slash staff numbers, pay and benefits, slash quality, reduce the quantity of products and greatly raise prices.

They never reduce the number of worse than useless and massively bloated MBA-holding management from the JVP level up though. Strange that. Might have something to do with the corrupt practice of “stock compensation” being common at that level, but that would be a paranoid conspiracy theory.

That is the ultimate cause at the end of the day. Many factors can influence it one way or another; government policy, inflation, supply chain issues or shortages, but the ultimate cause remains the same. Near enough every industry has the same thing going on.

Until economic reforms are brought in that restrict nonsense such as this and promote sustainable long term business that benefits all concerned, not just useless shareholders, this problem will continue to get worse every 3 months or so. Regardless of who holds office.

No place is exempt from the pain.

We went out to a Perkins in MN last weekend. If you're not familiar, they are similar to Denny's on the West coast, not sure on the East coast. A rare occasions for us, maybe one or two times a few years. Went in and my partner stated that some friends complained recently that a small group of around 5 people went to have coffee and it was $20 bucks, which they were surprised and disappointed in. Yep, around $3.5 bucks for a cup of coffee.

Anyone can lookup their menu items and prices. If we ordered like we normally would out breakfast would have cost over $35.00 which is a lot IMHO. Instead, I ordered the following meal with the pancakes( OR hashbrowns option), a side of sourdough toast, an extra plate which was no charge, and water instead of coffee.



We split the eggs and meat, I took the toast and my partner took the pancakes and everyone was happy. Now we got out of there with around a $20.00 bill and I covered the tip. We were ok with it. It will likely be 3-4 more years before we go out to breakfast again so in my opinion, it was worth the pleasure of dining out. The atmosphere and food were good and the service was great.

Now my partner took a friend of ours to a doctors appointment a couple weeks ago and the friend wanted to treat for lunch...at McDonalds. So that bill was around $18 including tax for a Big Mac Meal regular size, and a large fry, a fish sandwich and an iced coffee. That was quite steep but at the same time, none of it was off the dollar menu.

The bottom line is, eating out is expensive. Eating in is a better option for financially conscientious people. One 2# bag of pinto beans is 1.98, $2.5-$3.5 a pound for pork butt, so say two pounds for $6-$7 bucks, Krusteaz cornbread mix $2., a pound of butter $5.28 and a large onion $2. That meal is $17.00, it serves several people or a few people several times and costs less. Add in the electricity and it's about $20. Much more bang for the buck.

If people want to quit spending so much money on meals, eat in, not out.

a reply to: WeMustCare

The Price of getting Diabetes at Micky Dee's is going Up . Thanks Joe !

a reply to: Ohanka

No it’s not from paying their staff it’s from their parasitic shareholders demands for higher and higher growth every 3 months. Avaricious shareholders demand infinite growth in a finite market.

Bingo, that’s the biggest reason.

There’s actually a Big Mac index… it’s a useful item to track because it’s sold in so many countries, you can compare the price change and get more out of it than comparing currencies alone. It’s a measurable good and service that can give good info.

The prices of the Big Mac has outpaced inflation for years

Edit: stock price from the same timeline as chart $5-115~ (current price today $291)

Guess what else has gone up in that time? The stock price.

So if their pricing is outpacing inflation, looks like the only true inflation is their profits they’re getting by charging their customer more.

And yet people are going to be mad with politicians rather than the company. Maybe they want regulation instead of using the free market by not buying a product.

originally posted by: CriticalStinker

originally posted by: 5thHead
Reaction from the left in this thread

"Who cares about the poor. They shouldn't be eating that anyway." Lol. This is why we hate you.

Crocodile tears.

Both parties have led to this inflation. Trump and Biden both passed and signed multi trillion dollar packages that lead to this inflation.

If we’re going to put blame on administrations both deserve responsibility to where we’re at.

As for the thread, it’s based off of an outlier number (the restaurant has no doubt increased prices over the years which should be noted)

But I’d get laughed off this board if I made a thread during the Trump admin talking about inflation to domestic beer prices using a beer I bought in an airport as an example.

There should be consistency and at least an attempt towards using decent facts we can all agree upon instead of using hyperbolic clickbait.

I didn't put the blame for it anywhere. I just pointed out that some people in this thread ignore reality and just say evil corporation bad. ...and it's crap food anyway.

Country's going to crap. Ignore it if you want.

originally posted by: 5thHead

originally posted by: CriticalStinker

originally posted by: 5thHead
Reaction from the left in this thread

"Who cares about the poor. They shouldn't be eating that anyway." Lol. This is why we hate you.

The premise of the thread is that a Big Mac meal is $18 (wrong outside some isolated locations, average is half that for the nation), and that McDonalds admits it’s some national policy that did it.


Crocodile tears.

Both parties have led to this inflation. Trump and Biden both passed and signed multi trillion dollar packages that lead to this inflation.

If we’re going to put blame on administrations both deserve responsibility to where we’re at.

As for the thread, it’s based off of an outlier number (the restaurant has no doubt increased prices over the years which should be noted)

But I’d get laughed off this board if I made a thread during the Trump admin talking about inflation to domestic beer prices using a beer I bought in an airport as an example.

There should be consistency and at least an attempt towards using decent facts we can all agree upon instead of using hyperbolic clickbait.

I didn't put the blame for it anywhere. I just pointed out that some people in this thread ignore reality and just say evil corporation bad. ...and it's crap food anyway.

Country's going to crap. Ignore it if you want.

Some people in this thread are ignoring reality.

They’re acting as if $18 for a Big Mac meal is the norm (9-10 is the real average). And that inflation by one political entity is the cause (inflation came from both parties and the prices at McDonald’s have outpaced inflation).

Seems like some people want the government to step in and interfere with the free market.

Personally, I’ll just vote with my dollar.

originally posted by: CriticalStinker

originally posted by: 5thHead
I know a lot of you just want to blame the evil McDonald's and focus on that, but the facts are that prices are going up across the board. It's getting way harder to live in this country. And telling me to eat a healthy meal at home just makes you sound like a commie. But that's not too far off is it.

Calls people commies while he looks to the government for solutions to the free market.

Rich.

I never said anything like that.

originally posted by: 5thHead

originally posted by: CriticalStinker

originally posted by: 5thHead
I know a lot of you just want to blame the evil McDonald's and focus on that, but the facts are that prices are going up across the board. It's getting way harder to live in this country. And telling me to eat a healthy meal at home just makes you sound like a commie. But that's not too far off is it.

Calls people commies while he looks to the government for solutions to the free market.

Rich.

I never said anything like that.

No, you just implied it’s the governments fault after seeing charts seeing the prices vs inflation and stock action.

Then you called people commies for saying they wouldn’t pay for the price hikes.

originally posted by: Threadbarer
It certainly sounds better than telling the truth. McDonalds' executives have jacked up the prices in order to maximize their own salaries.

If their pieces were actually reflective of current inflation, and they're admitting that fewer people are going to McDonald's, then how are they posting record profits?

Those folks who always say "soak the rich!" don't understand that "the rich" are not going to take a pay cut. They just raise prices. Maybe there is something in McDonald's food that causes one to become addicted (literally) to it?

originally posted by: 5thHead

originally posted by: CriticalStinker

originally posted by: 5thHead

originally posted by: CriticalStinker

originally posted by: 5thHead
I know a lot of you just want to blame the evil McDonald's and focus on that, but the facts are that prices are going up across the board. It's getting way harder to live in this country. And telling me to eat a healthy meal at home just makes you sound like a commie. But that's not too far off is it.

Calls people commies while he looks to the government for solutions to the free market.

Rich.

I never said anything like that.

No, you just implied it’s the governments fault after seeing charts seeing the prices vs inflation and stock action.

Then you called people commies for saying they wouldn’t pay for the price hikes.

You seem to have a problem with reading comprehension.

What’s the average price for a Big Mac meal?

How does that compare to inflation?

How has McDonald’s stock don’t in the same period of time?


One of us have used hyperbolic language like “hating the left” or calling people commies.

One of us have offered facts to the thread, and the other has brought emotion and anecdotes.

What are you getting at man. You’re blaming McDonald’s prices on the government while it’s been proven their prices have exceeded the rate of inflation while the stock reaches all time highs.

So do you blame the government or McDonalds the company? The CEO himself said they need to lower prices to become more accessible.

a reply to: CriticalStinker

You've put a lot of words in my mouth.

Why is it so hard to acknowledge that prices are going up?

And yeah saying you don't need that anyway sounds like the attitude a communist would have.

I never said I had all the solutions, and I certainly didn't advocate any government policies as you said I did.

I don't think the right has the answers. The right and left are two sides of the same coin imo. But it does seem that it's always people on the left that say things like "well, you shouldn't be eating that stuff anyway."

originally posted by: Ohanka
a reply to: FlyersFan

No it’s not from paying their staff it’s from their parasitic shareholders demands for higher and higher growth every 3 months. Avaricious shareholders demand infinite growth in a finite market.

Disagree. Basic economics. If you pay the workers and owners more, then the price of the goods has to go up, or the quality of the service has to go down to cover that increase. Gotta' make up the difference somewhere.

a reply to: 5thHead

You haven’t provided any facts for your position.

You merely had an emotional response to people who did provide facts and used charged language and implied they think McDonald’s is an evil corporation.

No one said McDonald’s is evil. It’s a publicly traded company who’s clearly gotten greedy. Greed isn’t evil, it’s a mechanism of the free market that works until it doesn’t.

The corrective measure to greed is not giving them your money.

Communism is when the government takes over the means of production and dictates price.

Again, their prices have far outpaced inflation. Their stock price since the beginning of the tracking of the price of a Big Mac has gone up 60x (important to note a big part of this is likely due to the number of locations generating revenue.