The Recession just hit McDonald's. CEO Warns: "Low-income people have stopped coming"
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- เผยแพร่เมื่อ 11 มิ.ย. 2024
- The Recession in America just hit McDonald's. Who is reporting a substantial decline in customer traffic in response to sky-high menu prices. With the cost of a Big Mac meal hitting nearly $20 in certain cities.
These increased prices a leading to lower-income consumers to stop coming to the restaurant according to McDonald's CEO. A signal that there is stress building across the US Economy as more and more consumers are unable to afford basic necessities. With food prices now at their highest level in 30 years relative to income.
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$20 minimum wage for fast food workers in California starting in April 2024... 2:14
Probably not going to end well.
And that's not even enough
Why not? Corporate profits are still recording record highs.
Either I pay or pay for groceries so I can make it myself. It's obvious the CA wage increase was meant to push automation.
Not going to end well for who? McDonald's can definitely afford to pay their employees more and keep prices low. They choose not to. Don't be a simp for corporate greed.
For fiscal 2023, McDonald's reported $25.49 billion in total revenue, up 10% from $23.18 billion in 2022. Corporate greed is the issue, not higher wages.
Imagine going to McDonald's at 10pm. You put your order in at the self serve kiosk, pay $15-$20, then wait 15 minutes for a thin, dry burger. The point of the place is lost.
Ever since Covid all the McDonald’s I’ve been to close indoor dining at 8 or 9pm. You’re forced to go in the drive through that’s usually wrapped around the building. I stopped going since every visit would have at least a 30 minute wait to have my order wrong. I just grab a Wawa burger for late night runs
Little Caesar’s Pizza 🍕 had pizzas for $5 for decades. It recently jumped to $10. I asked the employee when these prices went up. He said it’s been spiking & it will go up even more when the employees get paid $20/hr. Recently spent $30 at McDonald’s for my 2 grandchildren who wanted to go. No more, done with that. Don’t need them. (Edit: done with expensive fast food.)
MD has always been shit. Shit taste, shit nutrition, shit for you. McD is nothing but a front for real estate hoarders. Just like Walgreens and CVS and all the major oil companies. Station, drug store, shit food, every corner.
@Sam-fd2ym “food” “delicious” How much are you being paid to shill McDonalds? McDonalds is slop, it’s good enough to be palatable, not really something to savor.
Don’t need them? But they’re such cute kids!
When your Big Mac meal has the same cost as a Red Robin or "Artisanal" burger dine in joints, you've lost your mind...
And your appetite 😮
😂
I was having this discussion with a buddy the other day. I was like why go to McDs when I can pay the same price at Culvers for better food and they both have a drive thru
@@icedemon1515Culver's tastes a lot better
Could get a steak dinner at a sit down restaurant for the same price.
I went to a McDonald's a few months ago in person, and ordered at the counter, then paid and got a numbered paper receipt, and had to wait for my "number" to show up on a big screen TV ! While waiting, at least three Uber drivers came to pick up big bags of orders, and the crew was hustling to serve the drive through at the same time, so I figured out that the customers who are there in person, have the least priority !
I had to wait 15 to 20 minutes for my order at the McDonald’s closest to me and when I got my food it was not fresh the french fries were cold. and this has happened the last couple of times I went to McDonald’s so I stopped going there. Im done with terrible service and cold overpriced food.
yea... surprised? next time order online, it will be waiting for you ,,cold but will be ready
Oh ya they take 6 drive thu orders while you stare at the cash reg soo rude going in to eat
The Denny's in my are really jacked up their prices. I used to love going to Denny's and getting a massive meal for under $10. The local Denny's used to be packed with customers 24/7. Now, it is almost empty 24/7.
lol
Same in my area too, went to a Denny’s in my area on a busy weekday and it was so empty I thought they were closed.
If I'm going to shell out $15 to $20 dollars for a meal I''m sure as hell not going to a fast food place.
I rather go to PF Changs least I can get appetizer WITH stiff margaritas and tip for 30$
I go to my local family buisnees diners, got one here called “red truck” and their food smacks 😊
Exactly! My wife gets a little upset because I call it McShit's instead of Mcdonald's!
Still cheap, can get two cheeseburgers or chicken and cheese, plus a small fries and coke for $8.95. McDonalds is still as popular as ever. Can find a restaurant with 10 cars waiting at the drive thru.
good luck getting a steak with that
You always accepted that you were not getting the most nutritious meal when dining at McDonalds, but the trade off was the cost of the meal. Now the cost has gone up so much that you can go to a restaurant that serves a home style meal for less. They have priced themselves out of the business.
THEY have not priced themselves out of the business. Watch the video. Did Mcdonalds increase minimum wage for fast food workers? LMAO you people are like lemmings! You happily follow along with your feelings and FAIL to consider ALL the pertinent information presented to you! Da gubermint has helped price certain markets into the stratosphere! The Green New Deal has made the cost of doing business extremely high. You HAVE to listen to the video! LOL
I agree; we can go to a diner for a better meal that costs less, and I think that more and more people will start exploring this option.
@@penneytaylor9285Not true at all. Diners are still more expensive and you are expected to tip. Fast food is still the cheaper option.
@@CherryPauper I can go and get a meal only a few dollars more that is alot better than Mcdonalds.. Why would I goto fast food when its not really that cheap?
@@penneytaylor9285Not if you pick up the food an go home an eat it.
The problem is not the price.. it is the low salaries and corporations sucking up 99% of wealth to themselves.
Companies need to stop price gouging…PERIOD🗣️‼️
Democrap inflation has driven up the prices of goods and services, not company gouging. Keep voting blue! 🐑
The grocery stores also and the price of gas. Most people think that all of this is inflation.
@@dalewesp4653 Uh because it is because of inflation. If everything in the economy in going up that is the literal textbook definition of inflation.
Yes every company (both big and small) got together in some grand conspiracy to increase prices in tandem. Not that our gov't quadrupled the amount of dollars in circulation since 2020. Oh no its because every single company is out to get you.
Do you really think McDees is rolling in the profit? The cost of ingredients has skyrocketed, the cost of manpower has skyrocketed and consumers is down and you think it is price gouging? It is in great part an out of control government that spends money it doesn't have and taxing us more. And, in my part, taking advantage too much of eating cheap fake food and not preparing real food for my family.
It’s literally cheaper to go for a burger at a sit down restaurant in my area than it is to go to McDonald’s
It'll taste better too
Ya unless you go to one of these trendy uptight hipster places that try to sell you a burger for $10-12 and that's WITHOUT frys even! Its an insult! Places like that actually piss me off!
The Denny's tier restaurant has completely eclipsed fast food for me. Same price or cheaper, much better food
@@tomryan9827 I feel 100% the same. Takeout from Applebee's tier with a decent coupon can be a viable option as well.
If you have an L&L Hawaiian BBQ near there then stop for a burger...but bring some mustard with you because they don't have any....or better yet stop at McD's and grab the mustard.
The reason fast food restaurants became as successful as they did was not because it was fast and convenient, but because it was cheap.
Correct. And they may be pricing them selves right out of that niche.
@@davidcox3076 Oooooooor, the government that's forcing higher wages is doing it. You can't get blood from turnips.
exactly, back then going to McDonald's was usually a weekly or monthly thing because it was cheap and people still preferred to eat at home.
They're also the reason why almost 40 percent of Americans are obese. So I have no problem with fast food places going under.
When I was growing up, back in the 1960's, a McD's hamburger was .19 cents. Mom and Dad were divorced, Mom worked in the Pet department at K-Mart. It was a kid's treat to o to McD's... sometimes Mom would let us get the "Fish Sandwich"....that was really special....We had to be Good Kid's all week for that.
No big loss if McDonalds goes under. They lost their way years ago.
the fat and poor are really going to suffer
@@frankherman5195they may get healthy
In UK the "Big" Mac has shrunk, they're really tiny.
You don’t need to eat a huge burger.
Food is tinier in the UK though.
So if a UK person says it's a tiny burger it IS.
In the UK prices are still budget, this is how they do that. McDonalds mission was meant to be affordability first, and it's still basically the cheapest option here in the UK. This video is about BigMacs being the price of artisanal burgers. We just don't have that problem
@@JustanotherLisayou don’t need to tell people what they need or don’t need. I will eat two Big Macs right in front of you. I’ll even make eye contact the entire time I do it.
@@JustanotherLisaWho made you god? Oh right nobody.
$20 Big Mac is what stopped people from coming. A family of four shelling out $100 for drive thru is absolutely ridiculous.
Not only that but the quality of food has taken a nose dive over the last 5 years. You wait in their slow as fuck drive through for 20 minutes and then open up the bag for your $20 meal and the fries are all broken and cold and falling out over the bottom of the bag. The big mac is so sloppily made with sauce and onions all over it and has 2 paper thin patties. By the time you get home you already have diarrhea. Who would willingly eat at a place like this?
hahahaha that is so true. 100$ for 1 burger each for a small family :D that is just beyond retarded..... you could buy groceries for a week for that kind of money.
And @cinifiend yes, the amazing the place is still alive. You self service, you overpay, you get junk - as you said, fries are already half emptied in the bag and the big mac looks like it was assembled by a 2 year old cognitive disabled carrot.
but what about all those people we saved from covid (1% death rate) by forcing the economy to pause?!😂
Where the hell do you live where a Big Mac meal costs $20??? 😂
@@Mistercline1 Kalifornia, home of $20/hour burger flippers.
The food sold from food trucks tastes ten times better and you are helping smaller businesses.
What imaginary world do you live in? I haven't ever encountered a single food truck I'd ever even consider to purchase food from.
123 people disagree.@@gruntgamer4204
@@gruntgamer4204 you live in the stix? Food trucks can be amazing. Go get cultured.
@@wildgrem I'm not an idiot willing to risk food poisoning. So no thanks.
Every single food truck I've ever seen has been disgusting.
The only problem about that is food trucks don’t run 24 seven like McDonald’s and a lot of places don’t have them
It is known for decades (since the 80’s) that McDonald is a real estate company.
A greedy one at that
I love mcdonalds
I stopped eating fast food years ago. I can sit down in a restaurant and get served better food for the same price...
Who would've thought pricing your customers out would have consequences
Reminds me of Netflix and Cable TV. Oh, subscriber counts are down....lets increase prices to maintain profits. Which drives even more people away.
And automakers, particularly 'Stellantis' or whatever they're calling themselves this week.
@@quademasters249 I'm 67. When I was a kid, the owner of one of the TV stations used to come on and editorialize things he was interested in. He was saying back when cable was barely taking off, that cable would suck you in and over time it would get more and more expensive. I think that his time frame was off by a few decades but he was correct. I dumped Comcast, went to city owned Fiber. Bought TH-cam TV. In Aug 2020, they raised the prices 30%. I stepped off the bus then. The withdrawal symptoms were immense for about a month. I lived.
I have a HD HOMERUN box hooked to a cheap antenna. Let's me watch local stuff via the router and through their apps on PCs, Firesticks, phones and tablets. I get 73 channels of "Local". Most are garbage and a lot of duplicates because stations in different markets. I'm in Mass. and point into Connecticut. 2 NBCs, CBSs, FOXs, PBSs. Want to know a funny thing? HSN/QVC has local stations. They got scared concerning cord cutters they bought TV channels. I guess they think their core customers use TV for purchasing.
please stop thinking that they care
ikr 😂 And they are so tone deaf acting like they don't know why
Those prices have helped me, to stop eating fast food. 🤷♂️
Yup so i see it as a good thing like they say if life gives you lemons make lemonades lol
Big scoop of mayo cold ham sandwich vs a heated burger. Home sandwiches are the same or less healthy. Heat is the only difference.
good!!
@JD-un2zv that's nasty. Go buy some burger patties
I went to Kroger the other day and bought a large whole raw 5 1/2 lb chicken for $8.20 and a 10 lb bag of potatoes from Kroger for $5.69 plus a large bag of carrots from from Kroger as well for $2.29 . I made gravy with old chicken bones and veg scraps simmered into broth, mashed up 3 good sized potatoes and we had fresh steamed carrots. I bought 5 lbs of flour for $2.69 and made no knead bread dough for rolls (recipes all over the internet) a cup of warm water, some salt and yeast I made 6 no knead bread rolls (large - we only ate one each) at a cost of less than ~ 30 cents plus a bit of butter. Total costs for ingredients was less ~$20 - that's 6 meals for 2 people with meat and veg for less than $3 and change per person each meal. If people would plan meals, shop sales and batch cook (a whole chicken is nice because it's all cooked at once and cut into serving sizes) it's not very time consuming and much healthier. And always freeze chicken bones and veg scraps - makes the best chicken broth ever.
I went to a McDonald's drive-thru recently for the first time in several years. ONE Big Mac and a medium fries cost me $11.57, and this was in Tucson not NYC. I won't be going back. In that price range there are much better options.
A Filet O Fish with extra tartar sauce or a Quarter Pounder with no pickles, or a gift certificate… none of those things are on an automated menu. Extra ketchup… impossible. Extra napkins… forget about it. Automated menus are a BAD idea.
You have to pay for extra sauce packets now lmao so ridiculous
Fast food places are pricing themselves out of business. Well done.
It's a common crisis of Capitalism - the Crisis of Overproduction (aka Underconsumption)...
In states like California they don't have a choice but to do so and it's just sad.
governments are pricing them out of business.
You will own nothing and be happy.
It's not the fast food place that's causing these prices.
Drove 64 miles home from work yesterday and passed countless McDonald’s. I was so hungry, and every time I considered hitting up a drive thru I just remembered the prices. Drove on!
Good for you. I do the same, but for me it's not just the prices. It's the product shrinkage. The burgers are way smaller than they used to be and the patties are half the thickness. It's a massive con job.
They can shove their shitty burgers up their ass.
Good
😂😂
Ride on!!!
Well done for not giving into temptation. 🎉🎉 Sometimes I'd bring my own food and drink with me that I'd prepare at home, pull up somewhere quiet and eat it, much cheaper. Used to go into places like McDonald's still do but less frequently due to price increase. Everything is gone so expensive.
When I was in my teens and twenties, I ate their junk 4-5x a week. I also ate off of the coffee truck. Losing my job, I went back to cooking my own, basic ingredients, even baked my own bread. Still doing it. Haven't been in a Mickey Dee more than once or twice a year since then.
They now have to compete with McRent, McTransport, McInsurance, McClothing. Overpriced food is pushed down the list.
Not only is an increase in price hurting them but also a decrease in service and quality
No customer service in CA, THEY STARE AT U. THEN I ASK, " IS THIS THE PART WHERE YOU SAY, HOW MAY I HELP YOU?"
THEY STILL DONT REACT. SO WE STARE FOR SECONDS TIL SOMEONE GIVES UP AND TAKES THE ORDER. SO PRACTICE STARING AT CASH REGISTERS TO HOPE TO GET A HOW CAN I HELP U. BUT PROB WONT HAPPEN. NOT HERE IN CA. HORRIBLE SERVICE FROM PEOPLE WHO HATE AMERICANS AND OUR LIFESTYLE.
Well i also know you should give it a try. You could maybe help them learn to give better service.
@@DonLicuala - Same. In 1968 our family couldn't afford the 19 cent hamburger. A friend of mine, his parents were wealthy, would take me once in a great while to Mcdonalds for lunch :>) 1975 I bussed tables at a Family Pancake House for $2.35/hr.
Service lol? Entitled much?
I was a kid once and in CA I went to one and they gave a burger with pieces of plastic or glass in it. Cut up my mouth. Before social media. No McDonalds in other states were bad. What can I say? California is just a shit hole, for around my entire life.
Thank you for raising prices. I can’t afford to eat this food anymore and I’m healthier for it.
Honestly, the only fast food I even consider eating is chick fil a. I’m not paying 10 for a McDonald, Wendy’s, Burger King meal.
Smartest comment here 👌
@@22zay65 ...and Chick is LOADED with chemicals. There's nothing fast that's real food. Nothing.
@@CristinaDavalos1127stupid is as stupid does 🤓 🖕
California is full of dumb money
The year was 1999, 29 cent hamburger Tuesdays and 39 cent cheeseburgers Wednesdays, and they had the Monopoly game scam going, what a time.
My Chick-fil-A meal is cheaper than my McDonald’s meal. My Chick-fil-A is always hot, they never forget my sauces, and great customer service. My McDonald’s is always cold, they forget the sauces 99% of the time, and they’re rude.
RIP The Dollar Menu. You will never be forgotten.
seriously they might want consider bring this back, or at lease have better lower price alternatives or they are fucked, like most restaurants in 2024
Double cheeseburgers for 1 dollar was great while it lasted. Also I miss the third pound Angus burgers too, they were so good and those bastards got rid of them.
I feel old whenever I ask a McDonald worker what happened to the Dollar Menu, and they ask me, what is that?
Pepperidge farms remembers..
It's not the recession that's hurting McDonald's it's the $15 for a 1 oz cheeseburger and a small fry that is killing McDonald's
I can get 2 mcdoubles for $4 + tax
Says person who doesn't eat at McDonald's
I remember McDonald's was my fist job and I was only making $5.15 a hour. Ppl don't realize that $20 an hour is going to be equal to that $5.15 an hour. $20 a hour isn't going to be worth noting
I don’t even go to McDonald’s anymore because the last couple times I did the food just does not even taste anywhere near as good as it wants to! I don’t know what they’re doing making things cheaper. I’m not sure? All I know is I’m done with McDonald’s, and will never step foot in another one again as long as I live! Their food just isn’t any good anymore!
I have not been to a fast food restaurant in 3 years. The difference in money saved by buying groceries and cooking my own food, has been life changing. I will never eat at another chain fast food restaurant again. it is disgusting slop to me now.
I got a burger from mc donalds tge other day after not eating fast food for a while. Its was indeed slop. 😂
Wow you got kids?
Good man. Home-made burgers are far superior anyway.
Same but it been more than 3 yrs for me.. add on my garden and I eat steak taters and veg as often as I want, fish and potatoes, homemade spaghetti with Roma tomato’s I grow, I truly have never eaten better for way less than what any nasty chain charges
Sesame seeds and sesame seed oil will make any meal taste JUST LIKE McDonalds and Chinese takeout, fast food is really overrated.
My wife wanted McDonalds a few weeks ago. I was stunned that her meal was over $10 in Iowa. I would rather take her to a sit down place.
Sit-Down will be $30+
Sit down restaurants are getting insane as well.
Pro tip, learn to cook, get fresh quality produce for the amount of money you'd be willing to spend on said restaurant. Cook a meal that would cost you 4x as much (common restaurant markup on goods bought vs goods sold at least in Europe) for the same price, live healthier, control what you eat, enjoy cooking together, live a more happy life.
Everybody can cook, westerners are willing to spend hours to prepare themselves to go on a subpar overpriced "fancy" dinner but wouldn't spend half the time making food from scratch to taste. Buy less cosmetics and superficial "upgrades", become a better person instead of a better looking person, you are beautiful the way you are anyway and if someone doesn't appreciate you, he/she doesn't deserve you.
I think if you ever made and ate a great homemade burger, the sloppy half cold loveless crap a fast food chain will offer won't stand half a chance.
This price hike is a chance, not an obstacle, a chance to escape the grips of big food companies, diabetes, obesity and dependency. Get addicted to really fresh produce and farmer's markets instead.
Prices all over are increasing. For 2 adults (outside of CA/NY/Chicago) the cost at McDicks is about $25. We have opted out of fast food (especially burger joints) because we can reproduce that meal at home for about a third of the price and it will be of much higher quality. To continue living the same lifestyle as 5 years ago we have adjusted our spending on fast food to almost nothing. We have also given up cable (no big loss) and we only subscribe to one streaming platform at a time. We prepare almost all of our meals, bake our own bread/bagels/English muffins, and replaced paper towels with cheap reusable cloth. These are small adjustments and we now use our meal prep time as together time and the savings add up.
not per person.@@TanukiDigital
Their service often sucks. Last time I went to McDonald's the restaurant was filthy and the burger was burnt and the chicken sandwich was a toothbreaker.
Exactly minimum wage in 90s was 5 dollars a hour..with the government trying to fight unhealthy eating and obesity, with not only taking “super size” off the menu. To now trying to shut them down all together..
Its not labor that is rising the prices. Its corporate profit gouging.
Who do you think pays the labor?
@@TreeLuvBurdpu the employer, obviously.
Displacing U.S. Workers
According to a May 18, 2023 report on labor force characteristics by the Bureau of Labor Statistics (BLS), foreign-born workers accounted for 18.1 percent of the U.S. labor force in 2022.
2022 was a record-breaking year for foreign-born workers, their participation was the most in 27 years.
Foreign-born men continued to participate in the labor force at a considerably higher rate in 2022 (77.4 percent) than their native-born counterparts (66.0 percent).
According to BLS statistics, over 1.2 million native-born Americans lost jobs from July to August 2023. However, over the same period, nearly 700,000 new jobs went to foreign-born workers and boosted foreign-born employment to a record high.
The federal government currently has a caseload of 1.5 MILLION pending applications for work authorization. Many, if not most of those, will be from illegal aliens eligible for work authorization through the Biden Administration’s outrageous and damaging immigration policies.
Yup. Locally owned restaurants prove it
@@DoubleOhSilver heck just look at Chick-fil-A, a non publicly traded company, who answers to their customers and not shareholders. Got a meal there for 8.25 (including tax) today.
Mcdonald’s is greedy when a “value” meal costs more than sitting down for a real hamburger somewhere.
Hamburgers at fast casual and restaurants are $15-$20 without tip in my town now. Sometimes you have to pay extra for the fries.
When 22 year olds with $100k+ in student loans are spending $20 on takeouts each night, what McD is charging is nothing.... especially when you consider their employees are getting paid like professionals.
And California wants to raise minimum wage to $50… imagine how much that burger will cost then. 😂🤣 min wage only hurts the middle and lower class.
@@caseyw216completely ignore the fact that the price increases have outpaced wage increases. The major problem is that McDonald's is taking 58% of the franchisees revenue between the fees this guy says are all McDonald's is taking and the supply costs. Because the franchisees are required to buy their supplies from McDonald's.
@@caseyw216then you raise the minimum wage again and then you raise it again and then you raise it again if you have to you raise it weekly you keep up with the rate at which they increase prices until they are forced to either pay their fair share or leave the market.
McDonald's can pay $24 an hour as a minimum nationwide by simply increasing their ticket price by around $0.06 a ticket yet they've increased the price of their food in some cases by over 200%
And I don't care what the franchise owner makes the franchise contract system is a scam it's designed to shift all the profit to McDonald's and all the costs to the franchise owner those contracts need to be renegotiated and the only way to do that the only way to force them to renegotiate is to have a proper minimum wage that adjusts in real time to the response of the businesses double the price of your food? Double the minimum wage you have to pay. Save $80,000 in labor a year with automation? We increase your taxes $80,000 a year so you save nothing.
This is what needs to happen until this happens they'll just keep putzing around and screwing people.
No doubt there are some parts of California where $50 an hour is a valid minimum wage your problem is you suck at math you suck at civics and you suck at economics and this is not entirely your fault because your education was screwed with so that you don't learn what you need to learn and we screw with political rhetoric to brainwash the population into thinking otherwise
$50 an hour is not a lot of money you only think it's a lot of money because you're used to what $50 an hour was 20 30 or 40 years ago because you haven't been trained on economics and basic mathematics so you don't do such a basic simple thing that should be a duh dult Homer Simpson moment oh forgetting to convert the foreign currency That's right The dollars in your head or a foreign currency 20 years ago was a foreign country That's like trading in $10 for a hundred pesos and going I'm rich I'm rich No it's the same damned amount of money you have to convert the currency
They've brainwashed you and diluted your education so that you don't understand this which gets you to agree with them and get you to be a willing slave
Are you aware that roughly this is a guess but roughly 65% of the US population is under the poverty line? No not the fake BS government document released poverty line but you know the actual dictionary definition of poverty
The dictionary definition of poverty is the inability to pay for a person's basic needs in life not luxury needs basic needs for a typical person in our current society as it stands.
Roughly 65% of the population is below that mark. Which means technically 65% of the population is below the poverty line we make up for this with welfare assistance and cheat codes. That doesn't make you not in poverty that is you compensating for your poverty by any means you can.
Sharing a room with a roommate? That's a cheat code if you have to share the room with your roommate in order to live then you are under poverty because that cheat code is a necessity if you get a roommate in order to allow you to save more money to spend on something else meaning if you lost that money you would still be okay then you're not on the poverty do you understand the difference?
We have taken cheat codes and made them de facto necessities of life and we've convinced people that this is normal when it is not normal
Imagine if you traded in your F-150 pickup truck for a Toyota Prius in order to save money on gas and your boss saw your Prius and said oh you're spending a whole lot less on gas now I'm lowering your pay $2 an hour would you accept that? Hell no you'd punch your boss in the face and tell him to go to hell
And yet when your boss does the exact same thing by manipulating our government and our society to make things like a roommate at the facto requirement which means he is essentially saying you have to trade your pickup truck in for a Prius in order to be able to live on this job it's the exact same thing You're just being made to do it as a part of your normal life and you don't even realize it.
This is what happens when you suppress minimum wage.
Middle class consumers are skipping McDees as well. I used to love a breakfast sandwich combo, but when it jumps from $6.67 to $9.98 I can't justify the cost increase when my income is diminished, property taxes increased 39% and groceries increased by approx 21%.
I'm in VA on a road trip. We're hungry. I stopped at McDonald's. I also walked out without making a purchase. I refuse to pay the price McDonald's is asking. The food is bad, the burger has no meat. I'll just wait till i get home. No.
The price isn't the reason I stopped going to McDonald's, it's the fact that they lowered the quality of their food to save money. If they don't care about the product that they sell, neither should I.
Don’t lie. It’s the price.
@@Justin-uc8sc You're kind of right, since it's such low quality that it's supposed to be free.
Patties are smaller. Buns are smaller. And they never fill the fries to capacity in the holders. When I used to go, I would have them top off the fries every time.
And Bill G. took over the fries, don't forget about the human DNA found in burgers
They said a little while back on TH-cam that there's 17 or 19 ingredients in McDonald's french fries I thought french fries are made out of potatoes what neck are they putting in those french fries
I live in CT and I've been amazed McDonald's is still in business. It's cheaper to goto a proper restaurant for a burger.
yep ! You would be surprised how cheap ( even today ) you can make your own Big Macks at home....just cheese, thousand island, chopped onions & burger buns ! Make a
dozen burgers at home, for cost of 1 meal at micky d's
Yea, back when I went to college they had a bar on campus. A full meal was 10 bucks. Why the hell would I ever eat fast food when I could just go there instead? (hint I didn't 😂)
Yeah, and the Burgerd are a little more but better qsulity!😋
.....and proper restaurant IS where we're going for a tasty burger.
And better quality.
Totally agree.
The “value” no longer exists.
When I was a kid the commercial was burger, soda, and fries and GET CHANGE BACK FROM YOUR DOLLAR! And I'm not that old, this was the early 70's.
The same happened to Lego, too. A cheap toy became a top notch luxury item with crazy increased prices.
It is absolutely INSANE what Lego kits cost, my god its machine injected plastic blocks, costs next to nothing in materials and yet the kits are 50 to 100 dollars and some far more. Thats just certifiably insane.
Lego prices have become insane
Someone has to come up with a new kids toy thats reasonably priced. Lego's like the classic thing that was cool 30 years ago and its now just way overhyped - the only problem is megablocks are terrible lol iirc
@@mikebryant614I have Lego sets from the 80s & the top end sets (Castles, pirate ships, Technics) were $100 _then._ That’s not adjusting for inflation. So, you just haven’t been paying attention.
@@NinjaRunningWild Ya... Lego is still expensive, but its not nearly as expensive as it was when I was a kid (80's/90's)
Did the CEO mention that his pay gone up 400% over the last 40 years? Inflation is on them. They can’t blow smoke my up ass. I been watching the ball.
This above. Everyone always blame the labor cost has been going up but they never look at the higher up of the corporation trying to extract more of the corporation fees when they know they don't need an extra $10 to $30 million in bonuses and stock options to do their job.
I came here specifically to say this.
It's amazing how certain people don't object when CEO compensation rises, but cry that their burger will cost more if the guy who cooks it gets paid a little more
Look at minimum wage years ago and adjust for inflation... it comes out to about $15.....
@@frankgrabasse4642 These companies been touting record profits. Trickledown economics at work.
Its More economical to buy from your grocer and eat at home😮
all the combo meals at south windsor MCdonalds in Connecticut on route 5 are 13.00 to 17.99
I didn't eat McDonald's because it was good. I ate it because it was cheap.
That's because Fast food isn't for low income workers anymore. $10 meal isn't cheap, you used to be able to feed your family for $20, now the same order is giving you less food at more than double the cost.
Yeah that's what he said.
Yeah, that's what he said
Fast food never was cheap.
@@arturwittensoeltner8729 It was in the 60s,70s.
Well isn't salary increasing as well? Over here 20$ for a family at mcd might have been like 20 years ago
I went to a BK recently (after not having been there for a few years), and was shocked that a Double Whopper Meal was nearly $12.
I can get a full, sit down Mexican restaurant dinner for about $16 .. I won’t be back anytime soon.
It helps to keep cost down when your staff is paid under the table.
@@californiadreamer2580even when they're not paid under the table the costs are still too close to justify the fast food over real food. And who cares? I'm worried about the immigrants killing people not the little dude bussing tables. Food better too. Especially Mexican food. Your body literally digests it much easier and there's a higher nutritional value. Most restaurants are using fresh items so why bother fast food
Golden corral is like $12 for lunch
Nah they’re still actually cheap you just gotta have the app and their prices drop like crazy cause they give you stupid amounts of coupons
I'd much rather hit up a local Mexican place and have a decent meal for the same price as fast food slop
Ridiculous prices. Pay a little more we can go to a sit down and waited on restaurants than Mcdonald’s
20 years ago I was traveling to usa and was shocked how cheap fast food were compared to Sweden. Now that price seems more in line to what we got here. Times have changed.
Every time I pull through a fast food drive thru, I seriously question my life choices when hearing the prices of the order.
It has happened few times I ate out and once my tummy was full, I felt remorse by just looking at the receipt and I am wondering "why...was it really worth it?"
Same! We mostly cook at home
Now. But Braums is way cheaper and the meals are around $7-8! There food is good too so we just go there so
Sometimes 😊
Then what you see reach out the drive thru window to take your money makes one wonder what's putting your food together. Sometimes I order then pull up to the window and drive off after seeing what's at the window.
It used to be about the convenience of eating healthy or just eating... prices are now in the mix throughout the whole menu lol
Do you buy the food anyway? If so why? Speak with your pocket book the prices will have to come down.
It doesn't even seem like the prices gradually went up. It has spiked by a huge amount just the past couple years. Ridiculous.
Corporations blaming "inflation" to justify price increases. They are increasing prices more than average inflation rates would justify (this means other items in the inflation basket are lower than average).
@@beepbop6697 BIDEN CLAIM: “Family economic security is stronger than pre-pandemic.”
Household net worth is 4.7 percent lower than when President Biden took office when adjusting for inflation.
Credit card debt, adjusted for inflation is 14.6 percent higher than when President Biden took office.
The monthly mortgage payment on an average home has doubled during Biden’s presidency, increasing from $1,300 to $2,600.
BIDEN CLAIM: “Gas prices are down from their summer 2022 peak.”
FACT CHECK: Gas and energy prices remain significantly higher than when President Biden took office.
Gas prices are over 34 percent higher than when President Biden took office.
Energy prices are up 28.5 percent from when President Biden took office. < > BUDGET COMMITTEE
@@beepbop6697 Precisely.
@@beepbop6697McDonald's is taking nearly 60% of the revenue, not 20%.
When you artificially increase the cost of energy, fuel and electricity, everything else will also increase in price. It isn't rocket science. It's basic economics.
Eighteen dollars for a Big Mac meal. Unbelievable
McDonald’s has considered itself a real estate company for decades. This is nothing new.
taxes cost 1,000 more hambugers a month
My wife and I both earn six figures and have no financial problem buying our kids McDonald's. It cost nearly fifty dollars to buy two happy meals and two adult meals. Id much rather cook my children a whole roasted chicken with veggies at home. Even if I buy organic chicken and veggies. That's less than thirty-five dollars to make. Plus , I have leftovers for lunch.
Couldn't agree with you more.
Lucky you. Pfffft
One can buy a HOT BBQ Chicken for AUD $12
Half that price - 30 minutes prior to closing tine 22:00 hrs
Ad some home cooked vegetables or a salad and chips
one can easily feed a family of 4 under $20 AUD and even some remaining
for the cat
MULTIPLY AU$ by .648 to convert to nearest US$ at current exchange rates
At any rate I have placed sanctions on McDonalds
and other U.S. U.K. and ISRA'EL CORPORATE entities for supporting Isra'els
genocide and mass murder of Palestinians --
even though I am born to a Russian Jewish mother
So if you work for $20 an hour that's 2.5 hours to pay for your $50 meal...
That no workey, workey...
These fast food stores benefit a lot from the fact that people don't want to, have the time, the leisure or simply the self-confidence to cook for themselves.
Blessed are those who can wield a wooden spoon in their kitchen.
I can remember a big mac meal costing $3.25. Those days are long gone. I have not gone to McDonald's in over 10 years now.
Good for you. Your body is thanking you
@@user-kt1bv3kx4f for sure. All i ever got was indigestion and a painful bathroom visit.
For many years...the Jumbo Jack for $1. Wendy's Chili $1 & their small burger $1. Laid off in 2009 and went often to Wendy's for lunch for $2 :>)
Same here and it wasn't cost that drove me away, now I know for certain I'll never eat fast food again.
I can remember when my parents and I could go out for a steak dinner on $20, $30 if we wanted pie. Big, thick, juicy T-bones, okra, baked potatoes, salad, whatever. Hell, I can't even find steaks like that anymore. I never liked McDonald's.
No one is forcing you to buy McDonald’s. Make your own burgers for 1/4 less and 10 better flavor and quality!
Thank You very much, good solid information. I can't afford anything these days, I have to be megga frugal, food and roof is about it, but since I never got taught anything worth while at school, I learn a lot from good guys like You. Really apreciate it, keeps me sane in this insane world. : )
Nothing warms my heart more than driving by McDonald's and there are no customers. McDonald's remember how you got to where you are
FUCK McDonalds.
No wonder, prices at MacDonald's are ludicrous for what you get. The people who used to eat it can no longer afford it, and the people who can afford it will never eat it because it's muck.
Muck? It's Kaka..
I just did my finances. Getting paid on Tuesday. Bills already account for $1280 out of $1305 I’m gonna get. Gonna have $25 to spare. And I deferred taxes!
So I’m not going to McDonald’s with my last $25. Maybe if the burgers were .39 cents. What happened to them .39 cent burger days?! That was the McDonald’s that I remember from my youth. Buy 20 cheeseburgers and feed the whole family and have more to spare.
Life really turned out really badly. The economy really sucks and the people who vote don’t care about dirt poor people who are literally barely making it. I’ve literally had people tell me i deserve the situation I’m in because I don’t work hard enough. This is literally the best I can do. I’m on my feet all day every day. My knees hurt like hell and I don’t have any money to get it checked out. But I don’t work hard enough. If It was so easy, why doesn’t every one have a nice job and have lots of money? Democracy and capitalism has failed. And honestly life is so bad, because of money, that I’d really rather be dead. And that’s the gods honest truth.
@@kayhan_qfpnand it’s all your fault . The wars ,the death ,the destruction have come back to bite you
Well said
* always has been muck??
I remember when I could get two double cheeseburgers for 2 dollars. It's just insane that the cheapest option is now not the best. Especially since I doordash since I don't have a car. So it can easily get to 30+
wew, that;s too much price. here in the Philippines, a bigmac meal cost around $4
I work on the night shift so i used to go to the 24 hours Mcdonalds. I quit going because i got tired of sitting 45 minutes in the drive thru
For a few bucks more than that Big Mac meal I can go sit in a nice restaurant and have a gourmet burger with fries and have a nice meal... Why would I go to McDonald's now ?
I should bring up the boycott against McDonald's.
One of the McDonald's locations in my city raised the price of their steak, egg, and cheese bagel to nearly a dollar more. It lasted two weeks and they lowered the price to what it had been before. Trying to price-gouge customers doesn't seem to work when customers don't have enough money to gouge.
I know right?
Fast food: Doubles in price in just a few years.
Workers in America: Maybe a 10-15% raise in a few years.
SMH.
@MobileGamingChronicles price rises everytime there is a forced minimum wage increase. Every increase in the minimum wage does two things...job losses and a pay cut for everyone who made more than the minimum wage thru higher prices.
That's not what "price gouging" is. They aren't raising the prices just because they feel like it. They're raising prices because their margins are being squeezed into non existence.
Been 7 years since walking into a McDonalds. Not paying those crazy prices. No fast food for this Family!
Other than their coffee, I have ordered food items two or three times in the past 7-10 years while away from home...each time I was incredibly disappointed as soon as I opened the wrapper. I can't believe the pathetically low amount and quality of the "food" that you get for that money...and the coffee has gone downhill as well.
Got THAT right !
These prices are why whenever I have a taste for a burger i'll just go to the local burger shack and pay $10 for a burger, fries, and drink that are a ton better tasting then a McDonalds burger.
Why pay $12 for a burger when nearly every other burger place offers that for nearly the same price? Sometimes you pay a little bit more, but it always tastes better somewhere else.
I learned to cook watching youtube videos. I don't bother going out to eat anymore. Saved me a ton of money and improved my health.
Thanks grade 6-8 home ec and my mom - saving me money since 1993.
Me too. And I saved a lot of aggravation from badly served meals, poor restaurant hygiene, and other customers' rudeness. My last meal out I had at the next table someone on mobile speaker phone for duration of dinner. Not headphones but with their phone prompt up against water glass. I would have walked out mid-meal if I could.
@@markbole2496 Why not move across the restaurant? The last handful of times I was at a fast food place, it was practically deserted.
Same here, last drive thru the window dude was on speakerphone gibberjabbing the whole time, my "special order" came to 27 bucks! Grudgingly I handed over two 20's I then see a fast hand lay a 20 next to hidden side of cash register n think he's just setting it aside while he finishes taking the latest order. He then returns to me saying I only handed him one $20!!! I dropped f bomb n drove off knowing this must be the latest tiktok scam- fast hand , confusion, senior ripoff five finger discount. Lesson here- Do not hand over money til they are fully attentive and count it as you would like buying a used car.
Recent government decisions have brutalized the economy, yes.
Also, I have now learned to cook for myself, patch holes in my pants, plan ahead and buy in bulk at a discount, take the most mileage friendly route to work, complete minor home repairs by myself, and overall budget my finances down to the dime.
On my way to work each morning I pass by a McDonalds where the breakfast drive thru line used to always be backed up out to the street. Now it's empty.
Those cars are in the Starbucks drive through now 😂
@@AlaraMillswhich is arguably even more insane lol
@@ryanmac8829I disagree, if I’m going to pay a ridiculous price for fast food I’m gonna go somewhere with higher quality. 🤷♂️ can’t tell me McDonald’s has better/equal quality to Starbucks
Starbucks is shit food.anybody who say otherwise has an opinion I can’t trust..
I think it really depends on the location of McDonalds like in states with high income will see less people over states with low income cause the McDonalds I go by in morning is always packed drive thru but I'm in a low income state so its still cheap and to be fair their breakfast only good thing they have there so that helps it too lol.
My wife, daughter and I spend $30 to eat there. That defeats the fucking point.
Perhaps these high prices will put us back in the kitchen.
I grew up in a time when so-called fast food was a special treat and mom did the cooking.
The odd part is restaurants have NOT gone up as much as fast food. So we are getting fast food less but not cancelling date night.
Try the ‘3 for Me’ menu at Chili’s. Pretty nice environment for a date night and it’s only $10.99
My husband and I were just talking about that with our friend who owns a restaurant! It’s crazy we can enjoy a sit down meal cheaper than a quick burger and fries.
@@TrendingHeadlinesTVlmao Chilis literally has a commercial about this. “Have you seen these fast food prices lately, even they want you to come to chili’s” 🤣🤣
So true, we have discovered so many small diners around. My wife reads reviews on locally owned restaurants, and a few of them have turned into a once a week visit. It's cheaper for us to eat out with one of them than prepare the same meal at home. Best part is no dishes, so we tip extra.
Now you can go to a diner sitdown and eat and its much better food but it costs the same as that junk.
I was thinking about stopping at McDonald's on my way home. When I started counting how many products I could buy at the grocery store for the same money, I gave up.
Like what? 3 products?😂
@@colinl5951 like 1kg of frozen chicken brest and twice as much vegies
@@colinl5951uh da um uh slinky da um uh!!!!
sorry man i forgot that ppl dont know how to preper food anymore@@colinl5951
@@colinl5951 I usually live off of 100 dollars a week in groceries for a family of 5 including a teenager just going to Walmart and fill up the basket. But it all depends where you live. I travel a ton for work and Prices are all over the place.
I stopped take food people 2 months ago and lost 2 lbs in that time, I make my own meals now and don’t eat out anymore
I Pray McDonald’s changes their ways. They have left their core customers behind and completely lost their way. I worked at McDonald’s from 1988-1992. (High school) they were Quick and cheap and constant. Now their None of that.
The menus is Stale the Service is abysmal.
Absolute trash food anyway. This is just an example of corporate greed at it again!
Problem is consumers still EAT IT,what we used to call “Junk Food “actually means junk food,absolutely not for human consumption,causing heart disease,diabetes,cancer and obesity
Price keeps going up and the taste of their food keeps going down. Sounds like a great strategy.
LUL 👍🏽
While also shrinking portion size…what could go wrong?these people are just greedy
@@erikkibler3466 shrinkflation is such a wonderful thing isnt it
2030: $30 for a cup of air, sandwich wraps, and a bag for all of that. Thank you very much. :)
2040: $45 just for coming to McDonald's even if you didn't buy anything. If you don't pay, we have a police officer behind you ready to put you in handcuffs. Thank you very much. :)
Poor service, higher prices, and goofed orders caused us to quit buying from restaurants a few years ago(even before Covid-19). This is saving us money and we eating things like salmon and steaks at home for less money.
Grow your own veggies. It's sooo much cheaper and better. Cook YOUR OWN FOOD! My oh my! So much cheaper and better. You'll save so much money. Once you stop fast food drive thru's, watch your food bill actually drop!!!
Ceo forgets that their food have been degrading over the years while price goes up and portion size goes down. NOTHING to do with recession
And they give themselves 20,000,000 yearly bonuses and pay out shareholders extra. Then blame paying workers a living wage to put us against each other while they laugh on their mega yatchs.
@@meaghanorlinski8464 They pay workers a living wage? What exactly is a living wage?
Dumb question
@@stevenhenry5267 Then answer it!
It’s all about profits
In my area, a fast food combo is about $10-12; for just a couple more dollars, I can go to....Indian Buffet, a real Mexican restaurant, Chinese Buffet, Japanese Ramen House, etc., and get actual food, not swill.
Yeah man, same boat here. $15 for a meal of $12 for fast food combo (that usually tastes like cardboard with ketchup).
My wife and I haven't stopped at a fast food place in years! last summer on the way home , I got really hungry and told my wife that I was going to stop and get us a Hamburger and fries to take home to eat, My wife said No, we are almost home just wait and I will make us lunch, I said Yeah but it will take another half hour or more before its made and I'm starving and what the hell , we haven't bought anything in a while, lets splurge a little ! So I pull into a 5 guys Hamburger place went inside and saw those prices and thought Damn, that will be almost 40 dollars for two of us to have a burger! Hell for that much money , I could buy enough stuff to make a dozen hamburgers and fries! I came back out to the car, Wife says Where's the food ? I said Forget it, at those prices I would rather starve for another hour
They closed all the Indian Buffets around here during Covid and they never re-opened. I am so bummed! I love a good Indian Buffet!
@@bluemouse50395 Guys is very expensive but it’s delicious! But I only go there about once a year because of the high prices.
@@bluemouse5039😂 bro this is how i feel sometimes. Im hungry and dont wanna wait for my girl to cook, and say what the heck havnt had fast food in so long, look at the menu prices on apps, even with coupons. The prices Completely kills my appetite for that 😂 maybe its the feeling of getting ripped off for fake chemical food ?? I end up cooking something up with my girl and we enjoy the meal 100times more😮💨
Production return from associated labor cost is where budget decisions are made.
Paying staff a survival wage does not significantly affect costs. But it can be used as an excuse for increasing prices.
But the most shocking thing is that a cheeseburger is almost $4 now; it used to be $1 not long ago.
Yep, I remember growing up and getting 4 triple cheeseburgers for like 2 or 3 bucks. My parents remember their parents feeding their entire family full meals for less than a dollar. All things considered, that's like a 4,000%-5,000% increase in cost.
.
Meanwhile, minimum wage for a years labor in 1960 was about $2,392, and has gone up to about $26,000. That's about a 1,000% increase. And wages are obviously supposed to cover more than just food. So somehow with the 1,000% increased salary, we are supposed to afford 5,000% increased food costs, thousands of percentage increased living expenses and utility costs, thousands of percentage extra cost materials for repairs, etc. etc. etc.
.
It's pretty nuts when you think about it.
In 1964, they charged 25 cents for a single patty cheeseburger. And it tasted fresh, as opposed to the poison they sell today. Think about that.
@@watchmanonthewall14 Meh you are a ridiculous drama queen. I ate my share of McDonalds back in the day and there is no freshness nor "poison" difference between then and now, if you simply buy you burger during peak mealtime hours so it was just made.
If anything it is the contrary that back in the day, they cooked their fries in lard and they were melt in your mouth delicious but unquestionably worse for your health than the vegetable oil used today.
Otherwise it's the same food, you're just being a snob more today than back then when you were a kid and would eat anything because you needed the calories a lot more.
@@stinkycheese804 Nothing wrong with lard, way healthier than sunflower oil.
@@stinkycheese804do some basic research. Vegetable oil is wayyy worse than lard.
I was just at mcdonalds today and dropped $28 dollars to feed 3 people... I was like... never in my life did I expect to drop $28 on a few mcdonalds meals. Like most companies, they really hiked up their prices and tried to blame their greedflation on inflation
Nope. I will never pay $28 at McDonalds. That’s insane.
They keep hiking prices while fighting to keep wages low. What these companies don't realize is that although they are successful and can pay their employees less, so can every other company which means people can no longer afford their insane prices and just stop eating there.
That was cheap for 3 people at McDonald's. I usually pay that for 2 people....
Some of us wouldn't pay $2.80...
@@Aj85234480 it’s even more insane you are cool with that, regularly.
Why would i pay so much money for food that isnt even real food?
I will never go to eat at any restaurants that have robots instead of employees.
Thats so wild. I went to McDonalds about a month and a half ago and for a meal for me and a happy meal for my daughter it cost me 27 dollars. 27 Dollars for extremely sub par food. Since then I vowed to never go back.
What did you order?
Wow!! Good on you stay healthy stay clear of SADD…Standard American Diet Disease
@@bartmix8994 i ordered a big mac meal and a happy meal. Craziness
@@Notaslave1961 absolutely!
Was this inside a mall, in rural Alaska, or a highway rest stop McDonald's? If not, you're a liar
A lot of companies are keeping their costs artificially high. That's a fact.
If the cost keep going up
While not passing the profits on to their employees so that they can actually afford the products they make.
Bullshit….maybe in 2020-2021 but no
What would they do that for? Do you see the businesses closing across the nation? Prices are high because the democrats promise everything for free , higher wages by law, housing prices jacked by bankers who never face the law when they go broke and the people at the top still walk away with millions.
@@vinnyrussomanno5357 actually inflation is low right now so this is just to bump up their stock price and give more profits to their shareholders.
I found out McDonald’s was a real estate company from the movie “The Founder”. The largest owner of real estate or at least years ago when I looked it up after watching the movie. Even the ketchup packets say it
True
1990s minimum wage $5, MCD meal $5, 2024 minimum wage $15, MCD meal $15. How is this shocking?
Funnily enough. I stopped going to McDonald's starting almost 4 years ago because the prices are just unreasonably high AND most of the times my ordered came incorrectly. Never again.
Why would you eat such low grade food tho? Glad u dont go anymore
I haven’t been for more than a decade because their food is nasty.
I admit I like the French fries but I still don’t go there. They jacked the prices up to high.
I quit in the nineties because it is very bad for you.
I have taken lunch to work for more than 25 years. Better quality, get exactly what you want. There's no downside.
The entire food industry is gouging prices. Period.
It’s not gouging everything has increased due to the inflation caused by our government!
agreed..the corporate greed is shocking...time to grow our own food mate!!!
@@petercrane2560 My parents had a substantial garden and canned various beans, pickles, corn, tomatoes and peppers. It's was never enough to live on and the weeding, watering, pest control fertilizers....wasn't worth the effort. You can buy dry beans, can corn etc cheaper that you can grow it if you count you labor, and real costs. And storing hundreds of jars.
they blame the prices of gas, if they were smart they would do major business and lower your prices
CPG in general is price gouging and engaging in shrinkflation.
Ya if I have to choose between a sit down restaurant burger or crappy McDonald’s for the same price I’m definitely eating the fresher meal at the restaurant. Fast food restaurants out here thinking they are worth these prices!!
I just did my family budget a week ago. My monthly food bill is more than all my other bills combined. That is insanity.