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

  • 31337@sh.itjust.works
    17·
    10 months ago

    A lot of people are time-poor (have kids, long work hours, multiple jobs, etc). McDonald’s used to be pretty competitive-priced compared to cooking from home. I remember when their cheeseburgers were something like $0.70, and I often would get 4 of them on my break (I was in highschool, and worked 6 hour days after school, so I obviously didn’t have time to cook).

    • TangledHyphae@lemmy.world
      9·
      10 months ago

      That’s the unfortunate side effect of rampant inflation where wages stay stagnant as markets decline. Look at how many restaurants and fast food places closed last year. I’m lower middle class and I have stopped getting fast food entirely. Every time I pass by on the way to and from work I just see the total for the meal in my head and drive past them now because it’s just not worth the overall financial damage. I honestly don’t know how everyone else is affording even Taco Bell meals regularly every week. I used to work there years ago and the food was significantly better back then, and way cheaper than other food sources. Where the hell did they all go so wrong this past year? Greed? There’s gotta be a price gouging greed mechanism in there somewhere.

    • Blackrook7@lemmy.world
      5·
      10 months ago

      In high school, cheeseburgers were 0.39 and used ate 17 of them during lunch and my buddy ate 21. We didn’t go back for a long time after that haha.