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people have always been able to eat at home yet they didn't. Inflation his everybody, not just them or their competitors.
by knowitnone 1y ago
people have always been able to eat at home yet they didn't. Inflation his everybody, not just them or their competitors.
- danans 1y ago> people have always been able to eat at home yet they didn't. Sure they did, but they just ate out more frequently before. > Inflation his everybody, not just them or their competitors. The primary mechanism is their customers' loss of disposable/discretionary income. To add to that, due to class reasons, people who previously ate out at higher end fast food are not going to downshift to McDonalds because of class and perceived low quality at McDonalds. They will probably eat at home more, which allows them to stay in their current class association.