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Discussion by actual Australians : https://old.reddit.com/r/AusEcon/comments/1ek6rk0/whats_driving_up_burger_prices/ https://old.reddit.com/r/AusEcon/comments/
by sien 2y ago
Discussion by actual Australians :
https://old.reddit.com/r/AusEcon/comments/1ek6rk0/whats_driving_up_burger_prices/ https://old.reddit.com/r/AusEcon/comments/1ek6rk0/whats_driv...
The most important quote is :
Do you seriously think McDonalds has that much market power to be able to raise margins without any issue? If you're having trouble finding an alternative to McDonalds, you might need to reconsider your weight mate.
Also, this ABC article is fucking bullshit, putting quotations on domestic profits. The RBA calculates the profits based on the sales and costs accrued domestically, and profits are usually offshored through transfer pricing or intercompany lending after the fact. Hence, the calculation of their measure regarding profit margins and profit share as a % of the economy accounts for offshoring as it considers the sales and costs a company incurs before any of this income is shifted overseas.
Not only that, but I also don't think McDonald's has the market power to raise its profit margins as high as a telecommunications monopoly when you can walk yourself down the road for a cheaper burger that's better in quality. There's a reason why the sales for McDonald's are going down. If you can't handle McDonald's raising its prices, eat a god damn salad.
- annexrichmond 2y agoplease don't bring reddit rhetoric to HN.