They’ll still further increase prices citing this as the reason to maximize profits further, knowing consumers don’t actually shop around much.
All these fast food places seem to have forgotten the place they sit in the economy. They’re now the cost of a regular restaurant in many places, and often take just as long now. They just happen to have a drive thru window, and even that’s not a guarantee for many of them anymore.
Why should I pay McDonald’s $15 for a burger meal when I can get the same thing at the same price from a better quality fast food place, or an actual restaurant burger for the same price?
The only reason people are still going there is because they haven’t looked around to realize that other businesses haven’t inflated their new prices under the guise of inflation the same way, and those other options are now a much better deal.
Stupidly enough, I believe that paying employees more actually results in higher profits for the company long-term!
If an employee isn’t stressing about making ends meet, and rather can focus on taking pride in their work because they feel respected, then it would show in the presentation of the food, and upkeep of the restaurant.
Cleaner, friendlier restaurants where the food looks (somewhat) like what’s advertised will see an increase in traffic and therefore revenue.
We should keep pushing for higher min wages until it is cheaper to use automation, self checkout and etc. It is sad to see workers struggling at restaurants, preparing burgers and cleaning tables. no one should be doing such menial work.
Other than tech, low min wage is one of the things holding us back from full automation. High min wage will accelerate automation hopefully.
They’ll still further increase prices citing this as the reason to maximize profits further, knowing consumers don’t actually shop around much.
All these fast food places seem to have forgotten the place they sit in the economy. They’re now the cost of a regular restaurant in many places, and often take just as long now. They just happen to have a drive thru window, and even that’s not a guarantee for many of them anymore.
Why should I pay McDonald’s $15 for a burger meal when I can get the same thing at the same price from a better quality fast food place, or an actual restaurant burger for the same price?
The only reason people are still going there is because they haven’t looked around to realize that other businesses haven’t inflated their new prices under the guise of inflation the same way, and those other options are now a much better deal.
Stupidly enough, I believe that paying employees more actually results in higher profits for the company long-term!
If an employee isn’t stressing about making ends meet, and rather can focus on taking pride in their work because they feel respected, then it would show in the presentation of the food, and upkeep of the restaurant.
Cleaner, friendlier restaurants where the food looks (somewhat) like what’s advertised will see an increase in traffic and therefore revenue.
We should keep pushing for higher min wages until it is cheaper to use automation, self checkout and etc. It is sad to see workers struggling at restaurants, preparing burgers and cleaning tables. no one should be doing such menial work.
Other than tech, low min wage is one of the things holding us back from full automation. High min wage will accelerate automation hopefully.