Prices will go up regardless. Any excuse to raise prices and increase profits.Labor costs (across the supply chain) have gone up. People argue for paying a sustainable wage (and I totally agree) but people don't seem to realize that prices will go up. If we used to pay someone $8/ hour to make 100 widgets, that's 12.5¢ per widget labor. If we now pay them $16/hour to make 100 widgets, that's 25¢ per widget labor. That more expensive widget goes to the next step in the supply chain as a more expensive input and labor at that step is also higher. And so on.
And then we scream "INFLATION" as if it is a surprise. Come on folks, take an Econ 101 class!
Prices will go up, but they go up even quicker when you raise the cost to produce and deliver.Prices will go up regardless. Any excuse to raise prices and increase profits.
Then its time to shut down the business isn't it, which also seems to be happening quite a bit more than people seem to want to admit. If you cant make a profit or just break even even then its time to walk away, and lots of places are doing that. Family restaurants that have been around for decades - its just not worth it anymore.But if people are only willing to pay 15 or 20 cents per widget, that's all you can sell it for. Doesn't matter what it costs to make.
You don't really have a viable business if you can't pay your employees enough to live and not need government assistance.Then its time to shut down the business isn't it, which also seems to be happening quite a bit more than people seem to want to admit. If you cant make a profit or just break even even then its time to walk away, and lots of places are doing that. Family restaurants that have been around for decades - its just not worth it anymore.
Prices will go up regardless. Any excuse to raise prices and increase profits.
Prices will go up, but they go up even quicker when you raise the cost to produce and deliver.
Sigh! I miss Market Basket! I don't remember if ours had a Market Kitchen--I did my shopping there on Thursday mornings. But, they had reasonable prices, good specials, and friendly employees.We rarely go to McDonald's. A cheeseburger and small fries is over $5 no thanks.
Our local Market Kitchen (in Market Basket grocery store) in NH has a cheeseburger and fries for $2.99. They make it to order with your choice of cheese and any/all condiments/vegies and it is a 1/4 lb. When they don't have enough fries you can get potato wedges or sometimes sweet potato wedges. They have given us onion rings a few times.
They also bake fresh and huge pizzas. You can get 1/4 pizza (they call it a "slice" LOL) for $2.99 for cheese and up for extra toppings.
It is delicious and you can't beat the price and we are supporting a local business.
I don't disagree with that, they will charge what the market will pay. They don't care about customers and they don't care about employees, no matter what they tell you - you are not family.Companies care about profits over people.
Yeah - I don't get the eating out every day.We are a very lazy society in the US. No one wants to prepare a meal at home from scratch to save a few bucks. Much easier to eat unhealthy McDonalds instead, and yes the prices are out of sight. My go to is the 4 for $4 at Wendy’s. I can do that with a small chili instead of fries for lunch. I brown bag it most days, but that’s my other option at a reasonable price.
You can still eat very economically if you are willing to learn to cook from scratch. Taste better and is significantly healthier.
It's not an across the board minimum wage? That seems unusual and I'd think Kohls would have to then pay more to compete.Around here the prices have gone up (again) due to the new $20/hr fast food minimum wage. I still want to know what makes fast food more deserving than say the checker at Kohl’s who is only getting $16/hr.
Around here the prices have gone up (again) due to the new $20/hr fast food minimum wage. I still want to know what makes fast food more deserving than say the checker at Kohl’s who is only getting $16/hr.
It's not an across the board minimum wage? That seems unusual and I'd think Kohls would have to then pay more to compete.
The best I can do is 2 Whopper Juniors for $5, when I get a coupon.
Not necessarily fast food but this is my mentality for "mid tier" restaurants. If I'm choosing to go out to eat, I'm going to a locally owned place rather than Applebees, Olive Garden, Outback, etc. Doesn't help that those mid tier chains are the same price or even more expensive than the locally owned restaurants.I wonder if the rise of Foodies and Foodie culture has had an affect?
If a large part of the population would rather spend a little more to get quality food rather than cheap food does that mean that the cheap food needs to get more expensive through improved quality to appeal to enough people? Or is it because fewer people are buying it that the price has to rise due to a loss of economy of scale?
I know I am much more willing to pay for good food that I am willing to pay less for bad food.
I am a quality over quantity person.
I think there are fewer quantity over quality people now than there were 20 years ago.
Id agree, but where is this quality you speak of?I wonder if the rise of Foodies and Foodie culture has had an affect?
If a large part of the population would rather spend a little more to get quality food rather than cheap food does that mean that the cheap food needs to get more expensive through improved quality to appeal to enough people? Or is it because fewer people are buying it that the price has to rise due to a loss of economy of scale?
I know I am much more willing to pay for good food that I am willing to pay less for bad food.
I am a quality over quantity person.
I think there are fewer quantity over quality people now than there were 20 years ago.