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What do you think of Internet outrage of companies raising their prices, chiefly companies like Netflix and fast food restaurants? I think morally, it seems pretty iffy- it's a free market, and if they raise their prices, you can just stop buying what they offer. If the government got involved to set any sort of price ceiling, I think that'd definitely be a bad idea that'd lead to a shortage of some sort.
But if the outrage lets customers act as a pseudo-monopsony which gives them more power, I also don't really mind if they're able to use it to demand cheaper prices, even if I think the accusations of corporations being evil are vastly overblown. Especially when it comes to keeping the price of something like Netflix low, where much of their value comes from having exclusive rights to stream old shows and movies instead of all revenue to them going towards making new stuff or improving technology. If consumer outrage keeps the Netflix price $5 cheaper than it otherwise would be, is anything hurt besides shareholder bank accounts?
Media companies and fast food companies are pretty dissimilar, and it seems like different things are going on.
I feel fairly hostile toward media companies in general right now, and am sort of rooting for Netflix's price hikes and making households smaller and nearer to result in mass loss of subscriptions, even if it destroys the company and they cease to exist. But then I haven't paid for Netflix (or Disney+, despite having daughters who love Disney shows) for years. But that doesn't mean that it's a moral issue, exactly.
Fast food companies do seem to be genuinely struggling with high price and low quality labor costs, especially, and things are what they are for them. Which doesn't mean I'll keep buying their food, of course. At some point I'll pack my own sandwiches for road trips, though that point is not quite reached. Today we were on a short road trip, deciding between fast food and a local Asian buffet. We went with the buffet, partly because we wanted it more, but partly because it was only about $5 - $10 more for four people than the fast food. It's not wrong for Sonic to cost as much as a good buffet. I'm not outraged. I just don't really eat there anymore. I'm not in the least worried that America will run out of reasonably convenient places to eat, so it's not really a problem if a bunch of fast food chains end up going out of business. There's nothing special, wonderful, and irreplaceable about Wendy's, even if it's slightly less convenient to have to plan a trip to a grocery store for food ahead of time.
Current fast food prices would be a great opportunity for the prepared food industry and convenience stores to swoop in and replicate the east asian model of selling relatively high quality food for cheap. I don't know if that has changed in the US but in Canada convenience food/gas station food is still dire, but when I check out videos of the stuff you get in convenience stores in Japan and Korea, I get jealous. Cold, hot or microwavable meals that seem to compare favorably with most prepared meals from supermarkets here, and cost little because there's little need for staff except the one cashier. It would easily replace the "I don't care, I just want something convenient and decent tasting" instances of fast food eating.
Truck stops often have mini supermarkets with microwaveable meals at halfway reasonable rates, plus some combination of hot pizzas, pizza rolls, burritos, hot dogs, cinnamon rolls, fresh cookies, etc.
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I've heard good things about gas station food in the American South.
When I was in Minnesota, the best fried chicken was from the gas stations, it was actually better, cheaper, and in more convenient locations than established chains like KFC. Actually, we did largely buy trip food from gas stations there, both fried chicken, and things like burgers and breakfast sandwiches.
In the Southwest, there are gas stations serving Mexican and Pueblo food as well, I have bought some excellent breakfast burritos at a casino gas station. I don't end up buying it as much lately, probably related to the location of the good ones, and the age of my children -- they're of an age to know what a Happy Meal is, know what the Disney toy they're currently selling is, and be genuinely excited about that. They were genuinely excited about a six piece double sided puzzle in a happy meal the other day, and that it came in a metal box.
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