Have they thought about not charging exorbitant prices on their food? I mean, a salad shouldn’t cost ten bucks. Especially when they halved the god damn thing out of nowhere and pretended like they didn’t. As one of the three people who enjoyed Wendy’s salads, I fucking saw what you did.
I’m not sure where the question is coming from, but stagnated wages means that as prices rise due to inflation, people make the same wage and their spending power goes down. And when their spending power goes down, they have to spend more on necessities like rent/mortgate, transportation, groceries. It leaves less disposable income for things like fast food, entertainment, et cetera.
Ahhhhhh, gotcha. Well, something like that can indirectly hurt because lower wages means shittier employees who care less and make crappier food slower. Many fast food locations across all the brands suffer from this. But if you have a good one with good service and food quality, it’s more likely you’ll patronize them.
For a long time I didn’t eat Burger King because the only ones near me were crappy. But we’ve moved to a place where we have one that’s decent, so it’s something I get very occasionally.
But yeah, most of fast food’s problem is the larger problem of companies in our country: Nobody can afford to buy anything. Or rather, at all levels, budgets are tighter. :)
Have they thought about not charging exorbitant prices on their food?
I’m sure they have. But when rental prices are skyrocketing and margins on meals are collapsing, there’s not a ton of wiggle room. One of the smart long-term moves that McDonalds made - way back in the 1980s - was to make sure they owned the real estate under all of their corporately owned restaurants. This was an expensive move up-front, but it paid enormous dividends long term.
Burger King, Wendy’s, Taco Bell & KFC, etc - they’re all largely operating out of a retail rental market that’s consolidated into a handful of mega-REITs. And as those REITs demand steadily increasing ROI, the cost of operating storefronts has driven quite a few of these storefronts out of business.
It was a smart move for mcdonald’s corporate, but they’re using that advantage just to squeeze the franchisees all the same and the high prices for their awful offerings reflect that. Wendy’s has better beef than mcdonald’s sad meat discs, so I’d rather eat at wendy’s if I had to choose between the two. Thankfully I have other choices, so I choose neither.
Thankfully I have other choices, so I choose neither.
At least post-COVID, there’s been a mini-revival of locally owned and operated restaurants owing to the space cleared by the office park real estate bust.
Lots of new little shops opening up. We’ll see how long they last.
Have they thought about not charging exorbitant prices on their food? I mean, a salad shouldn’t cost ten bucks. Especially when they halved the god damn thing out of nowhere and pretended like they didn’t. As one of the three people who enjoyed Wendy’s salads, I fucking saw what you did.
The problem is not fast food prices, the problem is stagnated wages.
Oligarchs. Guillotines. That’s the solution.
How did stagnated wages hurt their sales?
I’m not sure where the question is coming from, but stagnated wages means that as prices rise due to inflation, people make the same wage and their spending power goes down. And when their spending power goes down, they have to spend more on necessities like rent/mortgate, transportation, groceries. It leaves less disposable income for things like fast food, entertainment, et cetera.
Oh I thought you were saying that’s why Wendy’s was going out of business, because they didn’t pay their workers enough.
Ahhhhhh, gotcha. Well, something like that can indirectly hurt because lower wages means shittier employees who care less and make crappier food slower. Many fast food locations across all the brands suffer from this. But if you have a good one with good service and food quality, it’s more likely you’ll patronize them.
For a long time I didn’t eat Burger King because the only ones near me were crappy. But we’ve moved to a place where we have one that’s decent, so it’s something I get very occasionally.
But yeah, most of fast food’s problem is the larger problem of companies in our country: Nobody can afford to buy anything. Or rather, at all levels, budgets are tighter. :)
I’m sure they have. But when rental prices are skyrocketing and margins on meals are collapsing, there’s not a ton of wiggle room. One of the smart long-term moves that McDonalds made - way back in the 1980s - was to make sure they owned the real estate under all of their corporately owned restaurants. This was an expensive move up-front, but it paid enormous dividends long term.
Burger King, Wendy’s, Taco Bell & KFC, etc - they’re all largely operating out of a retail rental market that’s consolidated into a handful of mega-REITs. And as those REITs demand steadily increasing ROI, the cost of operating storefronts has driven quite a few of these storefronts out of business.
It was a smart move for mcdonald’s corporate, but they’re using that advantage just to squeeze the franchisees all the same and the high prices for their awful offerings reflect that. Wendy’s has better beef than mcdonald’s sad meat discs, so I’d rather eat at wendy’s if I had to choose between the two. Thankfully I have other choices, so I choose neither.
At least post-COVID, there’s been a mini-revival of locally owned and operated restaurants owing to the space cleared by the office park real estate bust.
Lots of new little shops opening up. We’ll see how long they last.