Why Fast Food Prices Are Out Of Control (The REAL Reason)
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- เผยแพร่เมื่อ 30 พ.ค. 2024
- Why Fast Food Prices Are Out Of Control (The REAL Reason)
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The only way to kill corporate greed is to drive down demand by refusing to buy from these places if they aren’t offering fair prices. Learn to plan ahead and prepare meals at home. Added bonus: you will be wealthier and healthier.
Exactly. I don't feel bad for anyone getting ripped off by fast food prices. Go to the grocery store, go buy some vegetables and lean protein.
Faxxxx 🖨
“Corporate greed.”
Yeahhh, sure.
Correct I only ever buy ff if there is a super coupon discount
Which is working. Why do you think “select locations” at McDonald’s are getting a new $5 meal? It’s because select locations the customers stopped coming. McDonald’s has become something more expensive than some markets can afford.
My family sometimes go on the McDonald’s or Arby’s app and build out our meal and we see the price is $50 I look at my wife “Want to spend that same money on Applebee’s?” She always says yes because why choose that crap when you could have a steak with some broccoli?
And since I hate Applebees fries, I don’t buy that 😂 and get broccoli and instead of a greasy hamburger I get a steak or a grilled chicken dinner or sometimes even a salad.
"Honey what are you doing? I said we're going out to eat at McDonalds tonight. You can't go there dressed like that"
Nice 👍 comment
I love this 😂
Where is this from?
People need to stop buying it, and truthfully, it's bad for you.
The higher stress levels are, the less time people have, I think fast food industries are going to do well.
I buy one breakfast sandwich and get one free at McDonald’s a total $8.56 including taxes
Egg and cheese samdwhich from home is less than a $1😂@@wongthong7
Agreed!
@@wongthong7sorry to break it to you, but you did not get one free💀
Corporate greed only works if people are willing to pay excessive costs
i think its cuss most resturant are not open 24/7
100% you can’t blame the companies if there’s demand for it. If they set the price too high they won’t make enough money. They are just following the money. I think the problem just goes back to the government printing money and the inflation it causes because if they don’t do that we wouldn’t even have this problem and you can still agree with this even if you think its corporate greed because without inflation they wouldn’t have been given the chance to be greedy. Maybe we should finally hold them accountable!
Or if they have no choice
I agree.
And they are because they are full of money.
I cook my own burgers now. I rarely go to fast food for a burger.
which taste so good at home!
"We have that at home" has truly never tasted better than it does these days!
They taste 👅 great when purchased at Wegmans and cooked at home 🏠
No one is talking about the actual issue. In US most people dont know how to cook.
Its a life skill. Cook your own food and Macdonald and others should not even exists.
Even for those that don't know how to cook, there are other alternatives to fast food that are waaaaay cheaper. A lot of precooked microwavables beat the taste & price of any fast food chain.
people have no one to blame but themselves, not “evil corporations”
We made organic grass fed burgers (buns included) and homemade fries (three potatoes), for a family of four, for a total of approx $15, maybe another $1 in extras (lettuce, pickles, etc); $3.75 - $4 per person for quality real food. I put the difference in what I saved by not buying fast food in Incan Matrimonial head masks and boom, I’m a millionaire! 🤪 That last part was a joke, those are real figures, items purchased at fancy Central Market.
Eating healthy is not more expensive than eating junk food. Eating healthy doesn't mean buying from Whole Foods. You can eat healthy and affordably by buying the right things at a regular grocery store and preparing your own food.
Eating healthy also comes with eating less. Most people are just lazy and stupid, a simple rice cooker and bags of brown rice/beans/peas will save you a ton of money if you simply do a little meal prep.
Even if it's fast food - delivery is a luxury
😂
It's a necessary means for alot of people
@MynicknameisViolet no, it's not. Grocery stores, microwaves, and sandwiches still exist.
@@MynicknameisViolet I disagree, maybe delivery groceries are needed but delivery fast food isn't a necessity. A convenience sure, but people went without it until recently just fine. Definitely a convenience, a luxury, a choice.
@@MynicknameisVioletCAP you can legit learn to cook... Making a burger takes a few minutes and it so easy to learn children can do it easily... -_- its inly people being lazy
Ramsey: "beans and rice, rice and beans!"
Andre: "yolooo"
Remeber when this was all predicted in Demolition Man? The taco bell scenes.
Funniest part in the movie. The way he says Taco Bell like it’s the fanciest restaurant around.
It feels more like we are citizens in Cities Skylines game,and economy is just fun for imbencilic kid called Joe Biden.
What year was the movie 🎥 made? Is it from the mid 2000s
@@PraveenSrJ01 1993
@@KiwiTheRetroGal thanks 🙏
News corporations will not report on corporate greed because they will never say anything negative about their sponsors.
Its all about the wages. Blame the wages. Easier to hate the greedy employees
Correct.
Oddly the same politicians that you vote for (conservative) protect said corporations
@@user-ju2qq2gw4t If you do not see that ALL poloticians are bought and paid for, you are going to be in a bad place when you find out the people you think are "good guys" are being paid and taking the same orders as the "bad guys" . Its been proven over and over that BOTH sides listen to lobbyist and never to the people they represent.
@@Bobsbobss If employees didn't get paid, they could not buy stuff ... so ... this is going to backfire spectacularly when people are forced to indirectly boycott businesses by reducing consumer spending.
In Canada, the restaurants will often inflate the price of the items themselves as well, without any obvious “fee” line in the break down.
For example, a McDouble is $0.85 more on delivery vs in restaurant. That’s about a 20% increase.
Then all the other fees you covered.
Can easily be double the price once all is considered.
I'll tell you why prices are so high. I pay not only an insane amount of taxes, I also have to pay my landlord's tax, my fast food worker's tax, *their* landlord's tax, their franchise's landlord's tax, their franchise's income tax, their franchise's landlord's dinner wait staff's tax. All of that tax gets baked into consumer prices. Literally 80-90%+ of my income goes to taxes, if you compute it out recursively and look at the asymptote.
Also, the CPI is bull. Rents in my area track the S&P500, not the CPI. Rents elsewhere might more closely track the CPI, but there are hardly any jobs in those places. And I have to not only pay my rent but also my fast food worker's rent. (When a 1-bedroom apartment costs $2500 even for the fast food worker, fast food has to be $15+ and coffees have to be $7+ for the business to work)
You are right, but people prefer to be the bad the corporation and not the state (the guardian angel of all of us!) so you have few likes oand only my comment.
You can buy a steak on sale and a fresh potato at the grocery store for LESS than many Fast Food combo meals.
Then you can cook it in the air fryer and it's super convenient and easy to do.
potato yes, steak no. beef is never cheap any longer. ground beef or bulk chicken breasts maybe. A Costco rotisseries chicken is still a bargain.
@@glennshoemake4200 It will cook better in a cast Iron frying pan with some oil (grapeseed works the best).
Most ppl buy fast food cuz they can’t cook at work . Makes it convenient and ppl gotta eat
@@planesandbikes7353 Beef is still cheap, stop going shopping on weekends and just pick up specials during the week.
As someone that worked grocery retail during the pandemic I can, without question, state that the majority share of increases in price were simple greed.
Meanwhile you and everyone else got thousands of dollars in stimmies. 🤡🤡🤡🤡
Rent for businesses did not go down alongside all the foot traffic that disappeared.
They also had to go out of their way to comply with the nonsense laws to remain open - which costs a ton of money.
The majority of price increase was from government insanity.
@@FLIPPHONE69 Your point?
As a dominos franchisee, I can tell you most of the franchisees are struggling 😮
Gary, I wish I could help out. I like domino's a lot and always have, but the wife doesn’t so we more often bring in from local pizza shops or restaurants. Regards!
Yup
We finally tried Dominos again in 2023 after stopping in 2004 because the pizzas were so very bad. You know how bad it has to be to be on my nope-list for 19 years? It was SO bad.
outdated business model.
I eat at dominoes about once a month for my family and wish you all the best
Something very often overlooked is that when smaller companies are acquired by larger corporations like PE’s (Private Equity) their overhead goes up and they solve that problem by raising prices and cutting quality. Privately owned companies can run leaner than large corporations because they have less people sucking on the bottom line.
So true. The company I work for currently got acquired by a big corporation and repairs/items have literally doubled.
Fast food was always out of control. Worst ingredients used to make it and it's expensive. Two major reasons to never buy it to begin with.
Andrei. I tend to agree with the majority of your videos. I think you’re off on the corporate greed argument. Most of the brands you mentioned on margin growth are majority franchise. The brand doesn’t set the price of the food. 40% of McDonald’s revenue comes from the real estate they own charged to the franchisee. Then add the technology fee, royalties they just increased, remodeling expenses and marketing fee. Of course McDonald’s margin went up. They didn’t have to shoulder the wage inflation or increased royalty McDonald’s charged. Only non franchise restaurants can you compare margin increases. Most franchises are running shoestring budgets.
I agree. It’s not corporate greed. Everyone’s costs went up because our govt printed excessive dollars.
Yep, I agree - there's elements of it growth, and elements of greed - I do talk about all of it in the video
@@SPNSO-js4hx Those endless wars for Israel need to be paid somehow.
@@AndreiJikhThanks for replying back. I love the videos.
Broken system 😢 we can kick the can so far @@SPNSO-js4hx
I just bought a $5 Wendy’s biggie bag and I didn’t even finish it. You guys are shopping in the wrong places. 😆
What was in that oily bag?
Many supermarkets have ready to eat food. Buy a roast chicken, some salad and a loaf of bread. It costs $20. The problem is that you have to GO there.
Sounds like laziness is pretty expensive.
If labor is included in the cost you should not give any tip. I think that tipping fast food is just absurd.
You obviously never worked at them. If you can’t afford it stay home!
@@freddavis5376 I am taking the food at the counter and cleaning after myself, it makes no sense to tip. The menu price is already too expensive.
I agree that tipping for fast food (or any "take out" that you pickup yourself is silly, but in this case he didn't tip for the food, he tipped for the delivery (likely either going to the Uber Eats driver or the doordash driver.. whatever service he used)
@freddavis5376 Brokie 😂 get a better job dont tip this fool and go wash my car..
@@minmaxmedia Then yes.
If people are still buying then it means they made it addictive enough, nobody asks price of heroine
People buy it cuss it's 24/7
It means we busy
@@dazzlingdexter5060busy working and slaving for a corporate office
10 dollars for a jumbo jack with cheese 😂😂😂😂😂😂
And demand seems to be at all time highs for their 15 dollar double smashed jack with cheese
Jumbo jack used to be a dollar here
Who gives a 30% tip ?😂😂😂
People who have worked in service and understand the crap they deal with.
I find US folks tip more vs Canada, and i think its fueled by the minimum wage for tipped worked is horrendous... i've never tipped 30
Businesses should pay a livable wage. Tipping is not the consumers responsibly
@@gamingwithgeko7377 That's encouraging the problem. If you need to depend on tips to make a living then you're doing the wrong job.
@@gamingwithgeko7377 30% tip for having someone turn around and pour you a drink ... makes sense
My bf can recreate Starbucks, with hand frother from Walmart for $10. I was born and raised in Asia, he worked at a local sandwich restaurant before he found better work. We can and do create “popular fast food items.” At home. Bobas were always my Starbucks and I translate popular Asian coffee trends. Literally the only time we go out to eat is because we’re out all day running errands. It’s usually a Mexican place that’s part grocery store, restaurant, bill pay service, and deli.
As a small business i fight the idea of corporate greed. Employees echo that. Wages are just a small part. Payroll taxes/ employer paid taxes all increase. Then with property values increasing property taxes increase. All insurances have increased health/property/auto. Corporate greed is a smoke screen for politicians. If it was clearer to employees what they really make and how much goes to the government between both the employees and employer it would be seen as government greed. Then after all that the government completely steals through inflation. But it always sounds better fighting for higher wages when in reality it’s all for a greater percentage of tax collection/government greed. It’s just one reason we never get ahead with wage increases. And employees need to understand there is way more to operating costs than just wages and goods and what an employer pays for an employee is way more than what they see on their paycheck.
🤔…. I agree.
'Corporate greed' is a term used by politicians and media to redirect the blame of higher prices. In a free market, price is determined by supply and demand. The input costs have all risen, energy, wages, etc. and we have poor policy to thank for that. Although corporations are margin conscious, they also know that higher prices relative to the competition will drive customers away. If costs are equal, I'd rather dine at a sit down vs fast food. Publicly traded companies are also beholden to their shareholders, so maintaining higher margins and profitability is their fiduciary responsibility. Be leary when the term corporate greed is used.
Yup you are correct. And McDonald’s does not make that much money on the store level. It’s under 10%. To much hate for fast food, but everyone uses our services lol.
@@Jaz-wx4voCompanies can silently agree to raise the prices higher than necessary to cover the increased costs. (Which is a very attractive move when war-related inflation is all over the news.) If every comparable competitor is doing that the customers have no choice but to pay those prices if they still wanna consume that kind of product.
Moral of the story, support your local restaurants 🤝
locals should go back to cub side hotdogs stand
And don't contribute into delivery fees
The pay disparity between the CEOs and regular employees has become asinine.
i would hope so
Make your own food and get rich, lads.
Except the cost of all food is sky high.
I love every video you push into existence, thank you so much !! I feel like this one episode did not help advance the goal posts. The fast food industry is busy at night by the people that can afford to pay the extra app delivery service to get the food to their house when they want the food. Sure there are some soccer mom/dad people sitting in that long line, but the majority of that line is people getting paid to deliver food to places to people that are willing to pay for the the food to be at their house. No one wants to go to fast food and wait and then get it back home.
Just came back from Japan, and a McDonalds breakfast meal for two, with large drinks and apple pies, came out to $8.76 for TWO meals.
Yea Japan is in a technical recession and the dollar is at a 20 year high against the Yen - so for Americans, it's a ridiculously good bargain right now
Andrei Jikh, This is great! I liked it and subscribed!
Coming from a private restaurant owner. Property taxes increased which landlord adds to rent/lease. minimum wage increased. Insurance increased. Ingredients are less quality and have increased. Always researching food vendors to get best quality and price but all have increased. We do our best to keep prices down but it gets to the point you have no choice. On another note. When we vote to tax the rich. The rich increases cost to small business owners and small business owners pass it on to customers. Same with wages, etc... People are brainwashed to "tax the rich" but yet it trickles down to us.
we goin in circles here huh
Sounds like we didn't file an LLC
Rate cuts and mininum wage abolition
Ah yes, blame the poor for the rich shitting on you
EXACTLY. This is the REAL reason the media won't discuss because it doesn't allow them to divide people by pitting the poor against the rich, women against men, and blacks against whites. Instead it pits people against the elites that are creating all of these problems.
Buy Bitcoins not Fast Food 💯
😂😂😂😂😂😂😂
Buy gold and silver
Satoshi gonna rug pull everybody one day
That is a great idea I have been doing that for the past years. BTC is a hedge to inflation.
Top comment earned 🤝
Thk you great vid !!!!!
Amazing work! Thanks man!
I'm living off my lock down stimulus fat, so I can save money on food to yolo on scratchers. Yes sir. I do it for education.
Hey @AndreiJikh where do you get your t-shirts!!? 💯
Reason why I don’t use food delivery. I also realized that prices are higher comparing to the same food when you order yourself in the restaurant.
Very nice video!!thanks😄😄
I paid 12$ for two dollar hot fudge sundaes and a one dollar McDouble !!!! Let that sink in !!!!!!
one dollar mcdouble? where do you live that it’s still a dollar?
Andrei Jikh, I can't get enough of your content, so I subscribed!
One thing to consider... Companies do raise costs in response to increases in costs. When costs go down, companies often are reticent to lower prices only to later face having to raise them again at another time. Yo-yo pricing would only expose them to more criticism from both customers and wall street. Once prices are set, it may be better to keep them fixed and the run "specials" for customers in the future. In doing so, they will not be caught off guard in the future.
It’s absolutely corporate greed…In N Out is a great example of a company that pays its workers well and has reasonably priced food. They haven’t increased prices drastically.
The only way to drive prices down 2008 unemployment unfortunately
To understand this, you need to understand that In N Out has pulls in a lot more traffic than other fast food chains, and this is why they can charge less. If they had the same volume of sales as Burger King, they would most likely go broke if they had the same prices and kept their payroll at the same level.
i’ve also never seen an in n out line that didn’t take up the whole parking lot
Prices have gone up
I quit chipotle when it spiked, been sober for a year
I’m going to really enjoy this one! Thank you!
Now it's a round up, tip or donating... On top of your spending
“Corporate Greed” …I can’t determine which companies are greedy, but there is CORPORATE GREED! Alternatively, businesses stay in business because of sound business practices like recouping losses or rebuilding reserves beyond the pandemic with higher prices and then not lowering them if the demand supports those higher prices.
IMO restaurants food in general is getting expensive because we as consumer decided to pay more for convenience. Here in my country uber eats takes around 30% of the restaurants total and it is being added to the consumer, as the restaurant sees that you still buying even more because it is easier then they raise prices to those who go to the restaurant because why charge you less?… people keep consuming, tipping using debt and thats why things have gone crazy.
Recent trip to Hong Kong saw MC burger meal with fries and soda costs little less than $5. Everything seems to cost so much more in the US. Colgate toothpaste costs 3x more in the US than HK, with the latter also a place with high cost of living.
Calling it "corporate greed" is essentially the use of emotive conjugation to describe what's really happened, which is fast food has gone from being an elastic good to an inelastic good in the U.S. Economy. Consumers are willing to pay the higher prices of these goods even if they are upset about it. Smart consumers are searching for cheaper alternatives, while short sighted consumers continue to buy the overprices, low-quality items these corporations. Too many people in the U.S. rely on fast food as a source of nutrition and the corporations caught on to that. It won't change until people stop going up to the drive through window. Since when have we expected corporations to make altruistic decisions on behalf of their consumer base? In things like pharmaceuticals and medically necessary goods? Perhaps. In unhealthy and unnecessary fast food? Come on.. This is like saying the rising cost of cigarettes is due to corporate greed.
Love you
I think something important to point out is that most of these big brands are mostly all Franchise owners. Barely any actual corporate stores. Essentially those franchise owners are small business owners without the power of the corporate money. The owners pay on average 10% for the name. So inflation hurts these small owners while the corporate stores are not affected as much.
Uber doing that Ticketmaster model…
Not sure I'm with you on this one. They're capitalising on your laze, or lack of ability to create the most simple of meals. Then also your indecision/inebriation that causes you to have it delivered rather than pick it up yourself. You're paying for the labour for the creation of the product, the cost of the business to stay open, the gas and transport fees included, the driver's salary, as well the cost of production, in a world of ongoing inflation. If this attitude is indicative of the norm amongst your audience, i'm not sure how many will ever make money 🥪☕
People not realize if option to make food from raw material is missing. Corporation use this situation to mark up product price.
If we are going to help our selves out of debt. We must do this. Remember that dollars are shinking. Less value.your dollars are only worth 50cents. .OR. Less
I suggest an alternative measure for corporate greed: how much sweat can be collected from a person when they are told Orcas are now trained to target rich people’s yachts in fresh and saltwater.
Hi Andrei! Once again I came for the hairdo, stayed for the finance. Something something papa Powell… Warren Buffett. Anyway, thanks for the informative video. Using TH-cam to cook for myself at home nowadays, and it’s been brilliant. I highly recommend Barefoot Contessa for your home culinary needs.
These price increases should allow locals to open their own fast food restaurants to compete with the chains.
You have to separate out the fee revs and just look at results from owned stores. One has huge margins as they just get fees as % of sales minus advert costs.
While $16 for a Drink and sandwich is high, only idiots and lazy folks or people who can afford it, which isn’t many, pay double for an already expensive product because they can’t get in their car and drive there.
in an ideal world yes, but in my experience as a food delivery driver for these apps, most of the people who use them are just financially illiterate, not the people who are able to afford it.
Get in their car and drive there? You must be kidding. I hope you are not serious. What happened to walking or taking a bike?
@@walterandreaspucko6317 Are you serious? Do you actually think everyone lives within walking distance of restaurants? I hope you're kidding....
@@Gr8Incarnate Guess distances are larger where you live while house prices are way cheaper. What is the closest city to you?
@@walterandreaspucko6317 Guessing you either live in San Francisco or some other major city.
Be leary when the term 'corporate greed' is used since it is a diversion tactic to redirect the blame from poor policies. Higher prices are a direct consequence of poor policy that impact input costs like energy, wages, etc. Corporations have to pass along the higher prices to consumers to maintain their margins since corporations are also beholden to shareholders, they have a fiduciary responsibility to run a profitable business. Raising prices is also risky since it can drive away business to the competition. Blaming higher prices on corporate greed is like blaming the Sun for the heat wave. Duh! Corporations are rated on their margins and profitability, but their revenue comes from customers, vote with your dollars people. And if you don't like inflation, don't vote for crooked dummies.
😂 the kitty
No ! we have a corporate price gouging event .insurance ,rents ,fast food.greed will get them
Just noticed this last night when a Big Mac in DC was $8 😭😭
Excellent video! But- what is saving your time worth?
I just looked up the magicmind! Cool stuff! Thanks bud! I concur, fast food isnt food anymore.
Take a good look at the new buildings, no counter with four people taking orders, no dining areas, half as many employee's.
if i’m not going to cook at home i go to pizza buffet or chinese buffet, generally you can find one with a nice salad bar and can get high protein meal! if you shop around locally you can find a good value
8:15 .. wait lemme guess,, is it called the MMI?? (Magic Mind Index)
Forgot the tip fee. The tip should be based on the subtotal, not including taxes and fees. Costs overall on the 'app eats' are already inflated by 15% for the most part.
Between 2020-2021/2022, there was also stimulus checks handed out in the US to people that made much less during that time. Especially within the younger generation that's getting into the career work field now.
Keep up the videos I enjoy them
Companies are starting to slash prices, mcdonald's is adding their own "$5 biggies bag" so it IS possible, they're just hemorrhaging customers so now they HAVE to. Also I find it funny that rising wages was never this much of an issue here since it was incepted. Then completely stopped in 2009 and so we're trying to make up for it and NOW it's an issue? I hate it here.
The only thing that I can afford is a large black coffee at McDonald’s for $2.37.
Last time i went to taco bell i got ready to pay but i got the full order free cause something went missing apparently i got a mexican pizza,taco and a large dragon fruit freeze
Keep rocking it
I have yet to see this prices by are saying are happening and I live in a major city in the middle of downtown. Where are the receipts showing these prices at multiple locations in the same city and in surrounding metro areas ?
Andre can you do a video on how the declining birth rates in the US will affect the economy on the future?
Love the OG Videos
Brew your own coffee and make your own breakfast sandwich, Andrei. If you are press for time, just suck on coffee beans while making your home sandwich. It will be quicker than getting Uber Eats to fetch your breakfast. 😊 Or walk to the Starbucks nearby, they are everywhere in the US. Whenever we eat out nowadays and if event there are leftovers, we have our own sealed plastic reusable containers in the car. This way, we save money on the restaurant side. Every bit counts and the cost savings add up, esp the landfills too.
The movie The Founder said McDonald’s was a real estate company that make money from depreciating it’s buildings
For the same price as a McDonalds large combo, I could go get a bowl of pho. Needless to say, I always choose the later. It'll also still be hot by the time I get home and eat it. The only time I eat fast food is with coupons or deals that bring the price back down to 2010 levels.
5$ TIP ON DELIVERY? I've heard of the land of the free before, but land of the stupid? Cudos brother, BRAVO!
Corpos: 'Never let a good excuse for raising prices go to waste.'
Undoubtedly
The cashiers positions across the country was less in demand due to the self serve kiosks. So as far as as people not wanting to work, I'm not too sure about that.
But I also don't believe anyone working at McDonald's need $20/ hour.
Although I agree about your analysis as fast food EBITDA has steadily increased, they are just doing what they’re supposed to do. We live in a free market society. So long as people are willing to pay the price, companies will continue to do what they do. This won’t change until the consumers adjust their habit so no sense in complaining.
Excellent video. He is definitely on point with this one.
It is going out of control!! Let’s go to dine in restaurants and pay the similar prices!
You should watch the Food Theory about McDonalds and their relationship with the repair company for some of their machines.
Fast food is still very affordable compared to sitting down. I will happily continue paying these prices. Buy now while a sandwich costs less than $20.
Great explanation.
Only price that blew my mind was your chai latte
McDonald’s is only filling half the breakfast burritos now and the price went up 150%
$31 sandwich and a coffee is just a terrible rip-off. Also no matter what restaurant you go to, you are very likely eating Cisco supplied food, unless it's a very high-end place. So it's all the same low-quality frozen trash food anyway, with only a few exceptions.
In France a McDonald's big mac medium menu is Like 10€ ->$12
lol at the himym outro