Wednesday, January 10, 2024

Why McDonald’s has been raising prices - Vox

Businesses don't merely charge what they must in order to meet expenses; they charge what they can get. When consumers have more money to spend, fast food chains tend to have more scope for raising prices without losing business. Since the pandemic, we've seen substantial increases in both demand for quick-service meals, and the costs of food and rent. So, wage growth is by no means solely responsible for the rising cost of Egg McMuffins...

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