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McDonald's sales are slumping because people can't afford fast-food (www.cbsnews.com)

submitted 3 weeks ago by cm0002@lemmy.world to c/usa@midwest.social

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[–] Endymion_Mallorn@kbin.melroy.org -1 points 3 weeks ago (1 children)

They're overcharging, but the problem is that with labor costs increasing, they would still be overpriced if they cut back to a really low (>1%) margin. COVID killed going out. Being able to go back to the grocery store after the lockdowns killed ordering in.

The whole hospitality industry needs to be replaced. It's funny to watch it as it dies, though.

[–] IndustryStandard@lemmy.world 7 points 3 weeks ago (1 children)

BS. They are way more expensive than local stores and they have an economy of scale and reputation behind it.

[–] Endymion_Mallorn@kbin.melroy.org 5 points 3 weeks ago

Agreed, they're pointlessly expensive.