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the workers dont benefit from fast food picking up, just the owners, so fast food employees aren't buying iphones on the bet that its a fast food pick up time.
by LegitShady 4y ago
the workers dont benefit from fast food picking up, just the owners, so fast food employees aren't buying iphones on the bet that its a fast food pick up time.
- seanmcdirmid 4y agoI worked at McDonald’s through one recession (early 90s) and it…gets busy. At least, fast food workers aren’t in danger of getting laid off during a recession (their business counter cycle’s recessions). See https://m.investing.com/analysis/chart-of-the-day-why-mcdonalds-defies-recession-200633500 https://m.investing.com/analysis/chart-of-the-day-why-mcdona...
- LegitShady 4y agoless danger in lay offs doesn't matter with inflation pushing up rents, food costs, transportation costs, etc. The issue isn't the risk of lay offs, its that they already didn't make much money and now everything is more expensive. The $1000-1500 phone goes from 'expensive luxury' to 'a financial threat for little reason' when there are cheaper alternatives.
- seanmcdirmid 4y agoThat has nothing to do with the recession however: if anything recessions act to decrease inflation or even cause deflation. That’s why it’s counter cycle: being a fast food worker still isn’t great, but recessions lead to some small benefits.