Corporate America may be bumping up against the limit of its power to keep raising prices as consumers in some markets cry uncle.

“Even though we’re pushing through pricing, the consumer is tolerating it well,” he said in October analyst call.

normal way to talk about ‘fellow’ human beings

  • olmec
    31·
    4 months ago

    I hear people talk like this, but I don’t think it is actually true. Sure, fast food use to be half of a smaller joint, but now you are only paying 20-30% less at the fast food places. That ignores the fact that a lot of the cheap food is on the apps now. My Mcdonalds has had buy one get one Big Macs for about 2 years now. Even if I get that and a fry, I am looking at a $8 bill as opposed to a local joint that is going to charge $9 for their basic burger, no fries.

    This doesn’t even take into account the speed of the fast food places, which is much slower than it use to be, but still the fastest places in town. So yes, the days of a late night snack run to Taco Bell are over, but the restaurants still have a purpose. The purpose is for when you need some food right now, and not for a huge price.