Maybe people are realizing how terrible a value it is, you can make the place look as fancy as you want, you’re still serving what’s supposed to be cheap food for crazy prices. There is no possible way you can justify blaming the consumer when the CEO is making tens of millions of dollars, he doesn’t do that fucking much, no one does.
If you’re housed you can buy the exact same shit they heat up from frozen at a restaurant supply store and heat it yourself.
I’ve never seen a restaurant supply store in my life. What?
Use a search engine, you’ll find one near you.
Best prices on cookware, frozen food, bdsm gear …
No, that last one you get at the hardware store. Best rates on ropes, chains, lumber, and eye bolts.
They’re like 1 and 1a in some order for sure.
If you’ve never needed restaurant supplies, that makes sense. There’s lots of businesses out there you never hear of because you don’t need their services.
As a side topic, that’s something that’s always fascinated me. Looking around at the various vehicles and shops that most people just see as background noise, there are so many industries that we take for granted unless we need that particular product or service. Lots of things done in the middle of the supply chain that the average consumer never sees. Commerce is an enormous machine with billions of hidden parts to it, and it’s amazing it functions like it does even in times of crisis.
https://en.wikipedia.org/wiki/How_It’s_Made is about how everyday items are made and it’s surprising what goes into things that we take for granted.
Oh I thought you meant a literal store
There are also literal stores. I regularly visit a nearby US Foods “Chef’store”
https://www.restaurantdepot.com/
I don’t know if this is a regional only thing but there are brick and mortar restaurant supply stores. You usually need a membership to buy from them but you can bulk buy the same food and supplies that restaurants buy.
You might be interested in this More Perfect Union video about how Sysco is ruining restaurant culture and is about to form a monopoly over the industry.
What does he mean about to? Doesn’t everyone know that Sysco provides all the crap for the mediocre restaurants? It’s been this way for a very long time.
It should be obvious when you eat at garbage restaurants like olive garden, outback, chili’s, probably damn near all hotel restaurants and on and on.
Right now it exists as an oligopoly as oppose to a monopoly.
The giveaway is how they all have the same base flavor and they give you very distinctive burps.
this is a recession indicator
Woe is me if all these fast casual places go under.
Can I say something? Fuck fast food, embrace slow, healthy food
Where’s all this time coming from when people need to work more jobs?
Of course in this case there’s no other option, just saying that if you can choose, choose to prepare things at home.
It’s all about priorities.
Wages basically stopped rising (compared to asset prices) a couple of decades or so ago
Funny that people without any more money, aren’t able to buy as much stuff now it’s more expensive
In the US, wage growth has been above inflation for a long time with the exception of a couple of years. Since 2021, real wages have only shrunk a small amount.
That doesn’t mean that individual sectors (e.g. fast food) haven’t gone up more than other things, but this is more relevant than asset prices.
Then why is 15/hr still such a hot topic of resistance when that number was a living wage minimum amount decades ago? And what is the federal minimum wage still at? Then there’s the issue of underemployment in both lowered expectations of what’s available for a person’s skill set, and also how many hours are actually available at whatever the rate is offered (i.e., if you give an employee a job at 20/hr but only give them 15 hours a week, that’s not a living wage).
There’s a lot of problems beyond just wage growth, and I would suggest that even if wages did start increasing faster than inflation for a while now, that just means they’re “only” too low a little less. People wouldn’t be working multiple jobs for each household member to make ends meet if wages were close to appropriate for cost of living needs.
Tbh I’m not sure what the minimum wage has to do with the overall picture. Obviously it should keep pace with wage increases.
The picture for wages overall is not what you say - annual incomes, not just hourly incomes, are not down over the last ten years. Yes, some people are having to worry multiple jobs or are unable to find enough work or specific costs in their life mean the overall picture doesn’t reflect their situation, and there is a need to fix that.
But explaining reduced revenue at fast food places with “everyone is poor now due to inflation” is in contradiction with the facts, and you haven’t brought up anything to rescue it.
Why are you any different? I haven’t seen you back up a single claim you’ve made in response.
Are you asking for references on US real wages? I can find em when I’m at a computer but it’s pretty easy to search for. (I use image search to find charts usually)
If you’re in the business of selling slop, it has to be cheap and readily available. Nobody is paying restaurant prices for warmed over garbage.
Better get politicians to pressure local businesses i to forcing their employees back into the office, I’m sure that’ll make more people want to eat at your restaurant during their lunch break
Chipotle Mexican Grill, which operates thousands of U.S.-based stores, faulted consumer weakness for disappointing sales…
There ya go. Blame the very people for something that’s not their fault that you depend on for your overpriced luxury foods, clothing, houses, and yachts.
~That sounds like a good strategy to win them back.~
So they are failing their customers expectations, and all they know to do is cry for help?
Wait that’s communism! They should calm down, the market will regulate itself /s
That’s just code for “the
sheepcustomers will pay this price eventually”the market will regulate itself
Success! It actually does!
It hurt itself in confusion…
That’s literally what is happening, this is just capitalism at work. No fish is too big to be eaten at the end of the day.
I haven’t ate McDonald’s in over a year and I don’t plan on it ever again. Doing my part!
They must be desperate since they’re rolling out the McRob nationwide in a few days. NGL it’s tempting…
https://www.theawl.com/2011/11/a-conspiracy-of-hogs-the-mcrib-as-arbitrage/
Not necessarily fascinating, but an interesting article.
McRob is how they rob banks in Scotland
McRibs are disgusting, I stopped eating them like a decade ago after every other one I bought had a big chunk of cartilage in it.
Household names like Chipotle and McDonald’s cautioned about flagging purchases among low-income customers.
“Flagging purchases” is an interesting way to phrase “we tripled our prices and cut staffing to the bare minimum and are surprised that it didn’t result in infinite money”.
Right? A burrito is $10+ and they wonder why people don’t go there as often.
I’m so thankful the local halal place around the corner from my house is there… and gyro and fries is only like 9 USD. I commented to the owner about how cheap his food is; he said he’s seen a bit of an uptick in business over the summer and he thinks it’s because the chain places have gone mad with pricing.
But the M.B.A. told us to focus on our high dollar customers…
Businesses: How can we pay our staff as little as humanly possible?
Also businesses: Why don’t people have any money to spend in my store?
It would be comical if it wasn’t so absurd.
It’s interesting that McDonalds saw increased traffic among higher-income shoppers. Apparently even high income people are feeling the pressure because they’re apparently choosing to eat McDonald’s over their usual restaurants.
Mcds is so expensive now. You might as well get actual food.
I went to Taco Bell the other week and spent $20 on processed crap.
I went to a local burger joint and spent $16 on a damn good burger and fries.
You can also go to Taco Bell and get the $5 meal box, it’s one of the last fast food chains that still has a reasonably priced option.
Taco bell died when they got rid of the $1 beef burrito a few years ago.
Also when they discontinued the Verde sauce 🫠
You can still get it around me
Shit, for real?! Now i went from sad to angry. Honestly it was probably just as well though, i was having a hard time justifying the price of their food anyway, stopped eating there a couple years ago… Not that i was a frequent customer to begin with
And the portions are half of what they used to be. Shrinkflation is insane, a burger is the size of a slider these days.
I’d rather eat at home than eat at McDonalds.
The only way to get decent prices is if you use their gamified, personal information stealing app. Otherwise you’re paying out the ass for trash tier food. They did this to themselves.
Maybe they’re not used to cooking.
But sometimes you just want a sloppy, shitty burger that you didn’t have to cook.
Fast food is like a nasty lay that you are ashamed of the morning after, but you were feeling feral and wanted to get dirty.
Das some funny shit
Then I’ll spend the same amount at a local place instead and get something that’s actually edible
I don’t think people are eating at McDs bendy they want it.
We’re eating it because we have no time, and little money. We’re running behind and trying to get somewhere. If we had the time we would be eating at home.
The other day, the marketing team in my office were talking about the new McDonald’s range that’s out at the moment. Garlic chicken nuggets, pineapple on a burger, something like that.
I asked them about the price of a maccies nowadays. Mate, I almost lost my fucking mind when they told me it was like a tenner for a burger and fries. £10??? Are fucking mental??
£10 is what a burger costs in like, a proper sit-down restaurant. How the FUCK is maccies charging that much money and getting away with it? I can’t imagine the food is suddenly not atrocious cardboard shit.
When I reacted with genuine shock and confusion, one of the guys agreed with me. He said “yeah, it’s mad. It’s getting to be Burger King prices”. Honestly. What the fuck.
“Consumer weakness”
Wow way to pass responsibility for your own failing to adapt to a changing market!
Chipotle: Increases price of a burrito from $6.99 to $12.00.
Customers: eat elsewhere.
Chipotle: Pickachu Face!
They cut costs as much as possible and now they think it’s the consumer because their food is shite. See the cost cutting.
They may have cut costs, but they also raised prices
These restaurant g suite idiots just can’t figure out how they tripled prices and people are staying away.
