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Started By
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1
Posted on 12/14/23 at 10:18 am to Pilot Tiger
quote:
their margin also increased...
So you're not going to do it either
Unsurprising.Posted on 12/14/23 at 10:19 am to Darth_Vader
quote:
In their defense who could have known that doubling the labor cost for a fast food restaurant would cause them to raise the price of their food?
Part of this may be due to automation around 2020, when their revenue was down 20%.
As wages increase, so will automation. Imagine quality service 24/7.
Posted on 12/14/23 at 10:20 am to goofball
Yeah, because McD wants lower sales numbers at a higher dollar price.
You fricking morons.
A quarter pound of beef costs a lot fricking more today than it did in 2019. And it eventually bears out in their pricing once their production contracts for beef expire and have to be renegotiated.
You fricking morons.
A quarter pound of beef costs a lot fricking more today than it did in 2019. And it eventually bears out in their pricing once their production contracts for beef expire and have to be renegotiated.
Posted on 12/14/23 at 10:20 am to whatiknowsofar
quote:
I am totally shocked that this thread has turned into a conservative circle jerk while they continue to get fricked in the arse by these corporations just like everyone else.
I bet the next thing yall will say is corporations don't control inflation lol
Exhibit A of someone who couldn’t pass an economics or a civics test.
whatiknowsofar ….Isn’t that much
Posted on 12/14/23 at 10:22 am to GBPackTigers
quote:
Exhibit A of someone who couldn’t pass an economics or a civics test.
100%
The less economic and civic understanding one has, the more likely to be far left.
Posted on 12/14/23 at 10:25 am to RogerTheShrubber
quote:
The Fed has a dual mandate, control inflation and control unemployment. There is always a tradeoff.
And this supposedly non-partisan fed is now in a very bad spot, because they essentially have to choose which they have more of leading into the elections...unemployment or inflation, as there's an inverse relationship.
ETA: The government could help by immediately slashing spending and reducing the size of govt, but we all know that won't happen.
This post was edited on 12/14/23 at 10:26 am
Posted on 12/14/23 at 10:29 am to goofball
I get inflation and all causing price hikes but it does seem that many companies are raising prices beyond keeping with inflation. My guess is they’ve seen little to no drop in sales after inflation hikes and are pushing the limit to see what they can get away with
Posted on 12/14/23 at 10:30 am to RogerTheShrubber
quote:
quote:
I bet the next thing yall will say is corporations don't control inflation lol
They dont. Price, demand or supply shocks/shortages. Monetary policy is the driver.
Exactly what I was going to say. The easiest way to think about inflation is that it occurs when there are too many dollars chasing too few goods.
So with a static money supply, if every company just raised their prices significantly, their sales would drop because people wouldn't be able to afford them.
But when you have a situation where a govt is printing trillions of dollars and injecting it into the economy in return for no additional goods or services created/provided, it's textbook inflation. The amount of money out there increases significantly and the available goods for everyone goes down because no one is working.
It's quite a simple concept actually, but one that our administration and resident progressives cannot seem to understand.
This post was edited on 12/14/23 at 10:31 am
Posted on 12/14/23 at 10:31 am to Chucktown_Badger
quote:
Exactly what I was going to say. The easiest way to think about inflation is that it occurs when there are too many dollars chasing too few goods.
Even more well stated.....
Posted on 12/14/23 at 10:33 am to deltaland
quote:
I get inflation and all causing price hikes but it does seem that many companies are raising prices beyond keeping with inflation
First, actual inflation is much, much higher than the number that gets reported. When you start digging into the reports you discover that the agencies exclude a bunch of a data that make the number look lower than it actually is.
Second, even with the reported number, profits aren’t rising compared to the last three years when adjusted for inflation.
Posted on 12/14/23 at 10:34 am to goofball
Maybe Travis Scott can save them with a new meal deal.
Posted on 12/14/23 at 10:35 am to RogerTheShrubber
quote:
100%
The less economic and civic understanding one has, the more likely to be far left.
In general a dumb populace is much more easily controlled. Which party is destroying education the US through support of unions, being against school choice, removing standards for reading and math, etc etc?
I see people like whatiknowsofar in these threads and the Dunning-Kruger effect comes to mind. These people are not smart enough to know they're dumb.
Posted on 12/14/23 at 10:38 am to goofball
Doesn't rising prices lead to a natral boycot? Seem unnecessary.
Posted on 12/14/23 at 10:41 am to Antonio Moss
quote:
First, actual inflation is much, much higher than the number that gets reported. When you start digging into the reports you discover that the agencies exclude a bunch of a data that make the number look lower than it actually is.
Second, even with the reported number, profits aren’t rising compared to the last three years when adjusted for inflation.
What source do you use for that?
I'd like to read more on some things before commenting on these threads again. Maybe I'm wrong.
Posted on 12/14/23 at 10:42 am to whatiknowsofar
quote:
What source do you use for that?
Google is pretty easy to use.
Posted on 12/14/23 at 10:42 am to goofball
I've been boycotting McDonald's for years..
Posted on 12/14/23 at 10:45 am to LNCHBOX
quote:
Google is pretty easy to use.
No, I specifically want to look at the data you guys look at to determine if corporations properly raise prices to combat inflation. What site(s) do you use?
Posted on 12/14/23 at 10:46 am to whatiknowsofar
quote:
if corporations properly raise prices to combat inflation.
Whats the proper and non proper way?
Posted on 12/14/23 at 10:47 am to RogerTheShrubber
quote:
Whats the proper and non proper way?
I think people like him are not in favor of a free market where a company charges what it feels is best for it, and instead prefers government price controls on just about everything.
And everyone needs to keep in mind that these prices are here to stay. Read any article about the inflation reports and it will reference the 2% target. So that means 2% inflation from current prices. What everyone is thinking/hoping will happen is deflation (prices going back to 2020 rates), but that's not in the plan.
Bidenomics everyone
This post was edited on 12/14/23 at 10:50 am
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