I don't know if this is the same in much of the world. But McDonalds burger patties in South Africa started with the global recipe where the patty is mostly soy bean with some beef products, to fully beef with no soy.
They did this because in South Africa, we don't have massive subsidies on soy and we have lots of cheap grazing land for beef, so beef is a lot cheaper here than soy bean.
Instead of dropping the price, they increased the price, saying that they now have a "100%" beef patty. At least it tastes much better than the soy plastic patty.
Remember these corporations will compromise on anything to make more profit.
Not even considering how wrong price gouging is, is the tweet a bad rephrase of something mc Donald's announced?
Based on the tweet alone:
Mc Donald's said: "Wage raises cause price increases. But not all price increases are caused by wage raises".
Everyone heard: "If there's a price increase, it can only be due to wage increases"
I'm all for boycotting mc Donald's, but if we're going to call them out, let's call them out on something that can't be rebutted with basic reading comprehension skills.
Just boycott fast food. I thought about doing that when I was in Ireland. McDonald’s is more expensive there. There is no value menu. A small coffee frap will cost you about €6, and food prices are high, too. Unless they are paying your income, or have directly sponsored something that benefits you, I wouldn’t put money into it. It’s just like Taco Bell. When I was unemployed I would go for their $1.09 bean and cheese burrito as a cheap lunch, but when I applied for a job, none of them would hire me. When I went in to ask for an application, the staff was all Latina women who looked me up and down and then laughed at me for asking for an application. I haven’t had Taco Bell since then. Don’t support the institutions that don’t support you, if you can help it. I know that’s tough to do.
While true, you have to remember their supply costs increased too, huge knockoff effects.
McDonald's is a public company you can see all the data yourself. Basically they did as well in 2023 as they did in 2019 from an operating income percentage. Meaning taking into account all sales and stuff (revenue) and subtracting all expenses like the cost of food, wages, taxes, real estate, whatever (expenses) the remaining bit is profit. And that value is the same per dollar earned as 2019. It's less than many years prior too.
Which means they corrected properly for the economic climate they're in.
I don't get the price thing. I can buy two bigmacs or two quarter pounders for just over $6. The minimum wage here is more than $14 an hour. It's really not that drastic of a price.
Okay but the majority of US states have raised their minimum wage in the last 2 years. Fuck McDonalds and their garbage tier food for passing those costs (and others) to customers. But the argument this is making makes no sense.