The past decade has seen some of the most astounding price hikes and profit taking in the rich history of the major U.S. fast food companies. The numbers don’t lie.
Between 2014 and 2023, the price of all goods and services purchased by Americans rose 28.7%, according to federal data analyzed by the Roosevelt Institute, a New York-based think tank. But in the fast food sector, prices rose 46.8% during that same span. Profit markups in fast food also increased at a greater rate than at any time since the 1970s.
read more: https://capitalandmain.com/no-the-new-minimum-wage-wont-wreck-the-fast-food-industry-or-the-economy
Just like UBI won’t destroy it either
Not sure this is really union related.
American moment where people are worried the fast food industry will be ruined.
You can’t ruin something that’s already hot garbage to begin with.
I got an idea, and it’s kinda nuts, so bear with me.
Stop buying fast food. Just fucking stop.
“We keep buying and they keep raising prices and we keep buying! We’re getting fatter by the second! Whatever shall we do?”
I ate out everyday, sometimes twice, for a couple of years. Now I eat out once a week, tops. Fuck 'em, won’t pay it.
Once a week is still a LOT of eating out.
I bet those workers would be thrilled if their $20/hr jobs evaporated into thin air.
Stop buying fast food. Just fucking stop.
Now I eat out once a week, tops.
Take your own advice?
