Once viewed as a quick, affordable meal, fast food is increasingly seen as a luxury by many Americans due to rising menu prices, according to a new LendingTree survey. The financial advice website …
How much of the increased price of fast food is because restaurants have to pay workers more than $7.25/hour now? It seems like the entire business model of cheap fast food was premised on low-quality food and labor costs so low that most fast-food workers qualified for public assistance. Leaving aside the low-quality oligarchical food product industry and just looking at the labor side, it’s still a failure. And a business model that relies on food stamps and welfare for its employees really isn’t a business model.
How much of the increased price of fast food is because restaurants have to pay workers more than $7.25/hour now? It seems like the entire business model of cheap fast food was premised on low-quality food and labor costs so low that most fast-food workers qualified for public assistance. Leaving aside the low-quality oligarchical food product industry and just looking at the labor side, it’s still a failure. And a business model that relies on food stamps and welfare for its employees really isn’t a business model.
Exactly. Guess those who disliked didn’t read it through.
Turns out, the entire business model of fast food chains is based off ripping its employees.
Now that this loophole is closed, we see the real price of it.
Next step is to realize that it’s not fast food that is expensive - it’s our salaries that are pressed down so much we can’t afford some fries.
This is the EXACT reason why prices NEVER WENT UP until the $7.25 Minimum Wage was RAISED!