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PaperclipPerfector  1mo ago (text post)   2581 thread views

Friday Fun Thread for March 22, 2024

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I'm pretty sure demand for fast food is much more elastic than you're suggesting. You can't use misanthropy as an excuse for ignoring the fact that consumers do respond to higher prices and firms respond by lowering them.

Why are you quoting me McDonald’s PR as if it means something? Are you going to quote me Wendy’s selling $1 burgers next, after their PR disaster of announcing a plan to do surge pricing?

Kempczinski didn’t offer details on the timing or size of any price cuts. But his focus on affordability marked a shift from just a few months ago, when he boasted that US menu prices, which went up as much as 10% in 2023 alone, weren’t deterring sales.

They may as well continue doing this cycle, raising then lowering when publicity gets bad / people notice.

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