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Right, my point wasn’t that people won’t pay $20 for a burger and fries, just that they won’t pay $20 for a burger and fries at McDonald’s .
by larrywright 7y ago
Right, my point wasn’t that people won’t pay $20 for a burger and fries, just that they won’t pay $20 for a burger and fries at McDonald’s .
- stefan_ 7y agoThen maybe a business that can't make enough money to pay livable wages should cease to exist? I thought this was the idea all along?
- ThrowawayR2 7y ago> "Then maybe a business that can't make enough money to pay livable wages should cease to exist?" Sounds like a recipe for business closures en masse and ballooning unemployment, which I don't think is something anyone wants.
- kube-system 7y agoMcDonalds is run well enough that they'd never do that anyway. They'd phase in changes to adapt to market conditions.
- ThrowawayR2 7y agoMcDonalds, the corporation, would have some financial runway in which to adapt. The franchisees that own and operate individual McDonalds restaurants, however, they would most likely be decimated.