Many people believe it’s an astounding $18 after a post on X of McDonald’s menu prices at a rest stop in Connecticut went viral and made national headlines. (Narrator voice: It’s not.)
Now, almost a year after the post, a top McDonald’s executive wants to set the record straight. In a recent letter, Joe Erlinger, president of McDonald’s USA, said $18 for a Big Mac combo was the “exception” and not the norm across all 13,700 restaurants in the country.
The average price of a Big Mac in the US was $4.39 in 2019,” Erlinger said in his recent letter. “Despite a global pandemic and historic rises in supply chain costs, wages and other inflationary pressures in the years that followed, the average cost is now $5.29. That’s an increase of 21% (not 100%),” he added.
Did anyone else feel like this article just reads like an ad for their new value menu?
Yes. There should probably be some sort of disclaimer about how much Rotten Rons paid for this incredibly in-depth reporting.
Until these assholes stop taking in record profits each year & their ceos get more money than some countries generate they can fuck off on saying wages are a problem. The working poor deserve every penny they can get.
Agree. None of these CEOs have any groundbreaking ideas either. It’s all the same strategies for short term profits rather than longer sustainable growth.
That’s just it, as a business owner, some years may be good, and some years may be bad.
So some years your profit should be less.
That doesn’t mean you’re going under. Less profit is still profit. That means everyone (including yourself) has been paid and you have money left over.
But because CEOs are paid mostly in stock, the profits have to rise every year, for no necessary reason besides “I like money”
And eventually that’ll break, and it’ll happen all at once.
A Mac is worth $3.00. The ingredients cost them $1.60.
Love how they compared the $18 combo to the average price of just the sandwich, it’s just insane to me.
consumers were willing to pay more as their paychecks rose and they were sitting on loads of savings accumulated during the pandemic.
Wait, who got more money dumping into their savings?
Um, everyone…1500 per kid and then like 3k on top of that then another 6500 check later
I got 2 stimulus checks for $1200. I didn’t even have to ask, they just showed up. Did you not get those?