Just because we had a 20 year period of low inflation, mainly because of a huge recession, does not mean we are entitled to low inflation going forward. Politics, etc. aside, inflation goes in cycles. And right now it's not even that high vs. other times in history.
McDonald's french fry prices
- Thread starter 18IsTheMan
- Start date
Y'all think it's bad now. The Fed has screwed up lowering the inflation rate. They have been far too conservative in jumping on inflation. It went over three times what it was two and a half years ago. That last .25 raise in interest is about as far as they want to go.
Any more and region banks will start failing at an alarming rate. Lenders have already shut off loans to most average joes without outstanding credit scores. No money moving and everybody suffers.
It's only been 15 years since the Obama recession hit (Freddie Mac/Fannie Mae was forced to accept bad clients). 70% of Americans are already paycheck to paycheck now. If Feds raise rates again it's going to get ugly fast.
Any more and region banks will start failing at an alarming rate. Lenders have already shut off loans to most average joes without outstanding credit scores. No money moving and everybody suffers.
It's only been 15 years since the Obama recession hit (Freddie Mac/Fannie Mae was forced to accept bad clients). 70% of Americans are already paycheck to paycheck now. If Feds raise rates again it's going to get ugly fast.
I said “abnormally “. Last twenty plus years its been steady and low compared to the seventies and eighties plus, with the exception of oil and other commodities. Last two years have been like I’ve never seen. I paid 12.5 % interest on a new car in 1979. Inflation was steadily going up. This time it has gone up in chunks and much higher than the official government numbers of around 7-8%. At least that’s what my pocketbook tells me
You seem to understand "internal economics" pretty well, unlike many other posters that are declaring it is just company greed. We have stuck a knife in the back of American businesses with all the regulations and then add on the uncontrolled inflation. Businesses aren't here to be non-profit organizations and simple minded people think that businesses make a profit and then just leave it sitting in some account. No, they actually reinvest it in the company and in various non-profit donations, it all expands the economy, on and on, it's called capitalism and it works.
I love the chicken breasts soaked in Italian dressing on onion buns, I'm hungry now.
What does 2004 have to do with anything? The last time we had back to back 6+ % inflation was when we had the 2nd worst president in history, Jimmy Carter in the late 70s.
I only go to a McD's maybe once every 2 years (usually driving to a destination), after I eat the food I remember why it's only once every 2 years.
Can't compare historical numbers these days because they are adjusted to achieve an outcome (cooked). Apples are now oranges!
It's high, though, and it's unrelenting so far. Items I purchase at the grocery store - as I was reminded yesterday - are STILL going up in price.
Since 2022’ish food prices have going way up with no signs of going back down. It’s been a minute since I’ve been to McDonalds- but I paid almost $15 for a #1 which is a classic BigMac meal maybe a year ago.It’s tasty but for that price no thanks.
The bag of Alexia onion rings from any grocery store used to be $4. Now almost $10. Seems like every month prices increase.
The bag of Alexia onion rings from any grocery store used to be $4. Now almost $10. Seems like every month prices increase.
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You can get delicious spicy marinated dog for well under $2 in Thailand and in the Philippines. Highly recommended........
Haha. It's really not like that. I would avoid the Wuhan market though. The street food in Thailand is great. Surprisingly the only time I became suspicious was at an Indian restaurant in Tokyo.
My wife and I got a Burger King the other with FF and Coke and it was $22 for the both of us.
As of last summer, we (U.S) ranked in the middle among all nations in the world regarding inflation. I don't know where we rank today. However, the pace of inflation in the U.S. has slowed now for 10 consecutive months.
Net income or net profit? If net income, then no, they couldn't double the employee wages.Mcdonalds had a net income of over 6 Billion dollars in 2022.
Employees wages were estimated to be $4.7 billion. They can double the pay of every single employee and they would still turn a profit
sources: https://www.businessinsider.com/mcdonalds-could-double-wages-for-employees-and-make-less-money-2013-7#:~:text=According to the Kansas City,on revenue of $27 billion.
MCD | McDonald's Corp. Annual Income Statement - WSJ
McDonald's Corp. annual income statement. View MCD financial statements in full, including balance sheets and ratios.www.wsj.com
Maybe there are more factors at play than employees wanting a living wage
You should have gone to Chilis's and order the 3 for me deal.
Oldtimer burger/cheese, Coke, Fries, and an appetizer.. 10.99. Best deal going around.
We had stopped going to Chili's for a while, but just can't beat this deal. Particularly if you just want a decent lunch.
We’ve cut our eating out to nearly zero. I’m talking McD’s, to CFA to San Jose to any steak house. We eat out maybe twice a month. And usually those are the fast food variety. Nice meals out just aren’t in the regular budget.
I love the Lancaster Arby's. Not because the food is so great. But because they're never busy. The older I get the less I like to wait.
And even that deal's gone up...it used to be the 3 for 10 deal only a year or two ago, and there were a number of options on the list for $10. Now the burger is the only option for 10.99, everything else is higher.
Used to be very busy on Sunday nights after church. Not anymore. Covid slammed Sunday night church attendance and stimulus packages whacked worker availability.
How much would you have to charge the public for that many sandwiches - or one such sandwich? By the way, that's an appealing meal.
We don't have a Sunday night service except for special occasions like a visiting speaker or a singing.
Our church went to small groups and D groups on Sunday night. Those are fine, but people with funny work schedules needed that Sunday night service and others benefitted as well. What we have done has just made us lazier.
Lazier for sure. Many churches went to livestream during Covid, for obvious reasons, but it made people lazy.
I'm only 45, but I'm a dinosaur I guess. Still do Sunday School, Sunday morning, Sunday night and Wednesday night (AWANA for kids). It keeps getting whittled down to all that's left for most people is Sunday morning. There's not much left to give up. Hard to imagine church building sitting dormant for all but a couple hours a week. I'm all about training the next generation though. If not, you're maybe a couple generations away from having totally unchurched offspring. I don't think the solution to any of our nation's problems is for Christians to go to church less.
Rant over.
Because it tastes like heaven in a greasy paper bag. The same reason they eat ice cream or cheese cake. It tastes good, it's fast, and it's (relatively) cheap. The important thing is to not eat it all the time
Next time I'm in a town with a Chili's I will have to check that out. I used to enjoy the Old Timer burger at Chili's when we lived near one. I can get behind a $10.99 meal. That sounds great.
My 16 year old son got his first "real" job this summer - not at McDonalds, but they were certainly in the running for his services. He doesn't need a "living wage," whatever that is. Frankly, he doesn't yet have the job skills to warrant a living wage, but he has to start somewhere and places like McDonalds are where you start. Hopefully, he will not still be working at McDonalds (or similar employer) when he is 26 and has more obligations. But if he is, I don't think it will be McDonalds' fault that he isn't earning a living wage.
Hey Freddie, I haven't seen you post in a long while and I was getting a little worried. I was over in Spruce Pine tonight eating at the Western Sizzlin Buffet and I thought about you. You see the mile marker sign for Marion in Spruce Pine. (You do sometimes cross my mind when I cut thru ETSU's campus to get to my office on West State of Franklin Rd.
When I got home, I jumped on here to see if you'd posted anywhere else and found you on this thread. Hope you're doing ok health wise.
Maybe you should stay away from crap like McDonalds or Chilli's and eat more healthy foods from Pal's Sudden Service or Ridgewood BBQ here in Tennessee...lol