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FTA: "Fast-food chains Chipotle and McDonald’s have already announced they plan to raise menu prices in California to offset the higher cost of worker compensat

FTA: "Fast-food chains Chipotle and McDonald’s have already announced they plan to raise menu prices in California to offset the higher cost of worker compensation" I guess I will refrain from those chains to offset their higher prices. Not even automation seems to help them want to reduce prices. In comparison, In-n-Out had already been paying their employees a higher salary than those chains, but their menu prices aren't as high. Temper tantrums all because they want to keep wages low while everything else rises.

throwaway5959 3y ago
Agreed. In-n-Out is better than McDonalds anyhow and not far apart in price anymore either.
- hightrix 3y ago
  I’ve found in-n-out to be cheaper than McDonald’s already.
- devilbunny 3y ago
  The burgers? No question. The fries? In-n-Out has terrible fries. Good thing I don't much care for fries. (I don't particularly love fast food burgers, either, but if you're on the road you bring it with you or take what you get.)
adamredwoods 3y ago
It doesn't have to be, but I thought this is how it generally works, higher taxes and employee wages get passed to consumers. This is why taxing the wealthy individually and redistributing wealth (government jobs, basic livable income, healthcare) is key in the long term. Otherwise this cycle continues. https://www.marketplace.org/2023/11/15/if-wages-go-up-do-fast-food-prices-have-to-go-up-too/ https://www.marketplace.org/2023/11/15/if-wages-go-up-do-fas... https://gspp.berkeley.edu/research-and-impact/publications/the-pass-through-of-minimum-wages-into-us-retail-prices-evidence-from-supermarket-scanner-data https://gspp.berkeley.edu/research-and-impact/publications/t...
- altairprime 3y ago
  That’s only how it works when profits are artificially prevented from decreasing. Under more reasonable economics, regulation and taxation are leveraged against corporations that behave in this manner, but in US economics the pressure on behalf of consumers is absent.

throwaway5959 3y ago

Agreed. In-n-Out is better than McDonalds anyhow and not far apart in price anymore either.

hightrix 3y ago
I’ve found in-n-out to be cheaper than McDonald’s already.
devilbunny 3y ago
The burgers? No question. The fries? In-n-Out has terrible fries. Good thing I don't much care for fries. (I don't particularly love fast food burgers, either, but if you're on the road you bring it with you or take what you get.)

adamredwoods 3y ago

It doesn't have to be, but I thought this is how it generally works, higher taxes and employee wages get passed to consumers. This is why taxing the wealthy individually and redistributing wealth (government jobs, basic livable income, healthcare) is key in the long term. Otherwise this cycle continues. https://www.marketplace.org/2023/11/15/if-wages-go-up-do-fast-food-prices-have-to-go-up-too/ https://www.marketplace.org/2023/11/15/if-wages-go-up-do-fas... https://gspp.berkeley.edu/research-and-impact/publications/the-pass-through-of-minimum-wages-into-us-retail-prices-evidence-from-supermarket-scanner-data https://gspp.berkeley.edu/research-and-impact/publications/t...

altairprime 3y ago
That’s only how it works when profits are artificially prevented from decreasing. Under more reasonable economics, regulation and taxation are leveraged against corporations that behave in this manner, but in US economics the pressure on behalf of consumers is absent.