3 ms·

I question the accuracy. In 2010 I could buy a McDonald's double cheeseburger for $1. Now they're like $3 and they took off a slice of cheese.

by sanex 6mo ago

koolba 6mo ago
Double cheeseburger has always had and still has two slices of cheese. The McDouble (which used to be $1) always had a single slice of cheese. The real hack was asking them to put Big Mac sauce on the McDouble. For $.30 it was pretty damn close at 1/3 the price.
bobthepanda 6mo ago
The Big Mac Index has the fatal flaw in that it assumes the value of Big Mac is consistent over time; McDonald’s has been at the forefront of fast food attempting to break into a more high income market segment.
traviswingo 6mo ago
Yeah, same here. Perhaps the Big Mac Index [0] is what you want. [0] https://en.wikipedia.org/wiki/Big_Mac_Index https://en.wikipedia.org/wiki/Big_Mac_Index
vikingerik 6mo ago
Of course this is comparing to one data point that is an outlier. If people are choosing to pay $3 in today's dollars for it, that means that in 2010 McDonald's was underpricing that item relative to its market value. Presumably deliberately as a promotion. Compare across everything you buy and compare like-to-like if you want to judge its accuracy.
- sanex 6mo ago
  Yes, but that's how vibflation works :)
gdulli 6mo ago
In the last 12-24 months the price of fast food in particular has risen at a higher rate than inflation has hit other types of food and goods. Fast food makes no economic sense anymore. And you're right, the food has gotten worse as well.
- engineer_22 6mo ago
  Fast food is gut wraughting
- 0xbadcafebee 6mo ago
  What economic sense does fast food ever make? You're paying a premium for a convenience.
  - gdulli 6mo ago
    It made sense to pay less money for lower quality prepared food. Now the price is comparable to better food. Paying for convenience does make sense if you value the convenience.
    - deleted 6mo ago
      [deleted]

I question the accuracy. In 2010 I could buy a McDonald's double cheeseburger for $1. Now they're like $3 and they took off a slice of cheese.

by sanex 6mo ago

I question the accuracy. In 2010 I could buy a McDonald's double cheeseburger for $1. Now they're like $3 and they took off a slice of cheese.

koolba 6mo ago

Double cheeseburger has always had and still has two slices of cheese. The McDouble (which used to be $1) always had a single slice of cheese. The real hack was asking them to put Big Mac sauce on the McDouble. For $.30 it was pretty damn close at 1/3 the price.

bobthepanda 6mo ago

The Big Mac Index has the fatal flaw in that it assumes the value of Big Mac is consistent over time; McDonald’s has been at the forefront of fast food attempting to break into a more high income market segment.

traviswingo 6mo ago

Yeah, same here. Perhaps the Big Mac Index [0] is what you want. [0] https://en.wikipedia.org/wiki/Big_Mac_Index https://en.wikipedia.org/wiki/Big_Mac_Index

vikingerik 6mo ago

Of course this is comparing to one data point that is an outlier. If people are choosing to pay $3 in today's dollars for it, that means that in 2010 McDonald's was underpricing that item relative to its market value. Presumably deliberately as a promotion. Compare across everything you buy and compare like-to-like if you want to judge its accuracy.

sanex 6mo ago
Yes, but that's how vibflation works :)

gdulli 6mo ago

In the last 12-24 months the price of fast food in particular has risen at a higher rate than inflation has hit other types of food and goods. Fast food makes no economic sense anymore. And you're right, the food has gotten worse as well.

engineer_22 6mo ago
Fast food is gut wraughting
0xbadcafebee 6mo ago
What economic sense does fast food ever make? You're paying a premium for a convenience.
- gdulli 6mo ago
  It made sense to pay less money for lower quality prepared food. Now the price is comparable to better food. Paying for convenience does make sense if you value the convenience.
  - deleted 6mo ago
    [deleted]