A McDonald's meal is $10. A Chipotle burrito is $10. These are items that were $5 not too long ago.
Restaurant prices have inflated massively because of higher minimum wages
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This happens even in places where minimum wage stays low. No, the main reason is general inflation. US Dollar is going down the drain. Buy gold and bitcoin or else.
A McDonald's meal is $10. A Chipotle burrito is $10. These are items that were $5 not too long ago.
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Workers are being paid more, meaning there is more demand for fast food. Supply hasn't changed, so the prices go up. Economics 101
Why hasn't supply changed if there's more demand? What's stopping someone from opening a restaurant and selling $5 hamburgers?
Increasing supply costs money: you have to order more meat from suppliers, etc. It's cheaper to just raise prices. As for why someone doesn't open a restaurant with cheaper hamburgers, they probably can't because of operating costs and lack of brand awareness.
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Workers are being paid more, meaning there is more demand for fast food. Supply hasn't changed, so the prices go up. Economics 101
Why hasn't supply changed if there's more demand? What's stopping someone from opening a restaurant and selling $5 hamburgers?
Increasing supply costs money: you have to order more meat from suppliers, etc. It's cheaper to just raise prices. As for why someone doesn't open a restaurant with cheaper hamburgers, they probably can't because of operating costs and lack of brand awareness.
Plus the added costs created out of thin air by l!bturd activism.
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Workers are being paid more, meaning there is more demand for fast food. Supply hasn't changed, so the prices go up. Economics 101
Why hasn't supply changed if there's more demand? What's stopping someone from opening a restaurant and selling $5 hamburgers?
Increasing supply costs money: you have to order more meat from suppliers, etc. It's cheaper to just raise prices. As for why someone doesn't open a restaurant with cheaper hamburgers, they probably can't because of operating costs and lack of brand awareness.
LOL. When have higher operating costs in a capitalistic economy ever prevented someone from opening a competitor?
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Workers are being paid more, meaning there is more demand for fast food. Supply hasn't changed, so the prices go up. Economics 101
Why hasn't supply changed if there's more demand? What's stopping someone from opening a restaurant and selling $5 hamburgers?
Increasing supply costs money: you have to order more meat from suppliers, etc. It's cheaper to just raise prices. As for why someone doesn't open a restaurant with cheaper hamburgers, they probably can't because of operating costs and lack of brand awareness.
LOL. When have higher operating costs in a capitalistic economy ever prevented someone from opening a competitor?
If you're so smart I invite you to open a general store in your city to compete with Walmart.