It’s capitalism, once you dominate the market share you raise prices.
Fast food pushed out small local shops, but there’s a few major chains everywhere. So now they’re more expensive than sit down restaurants, because the “speed” which isn’t all that fast anymore is treated as a premium and not a side effect from being cheap/easy food.
Like, everything is based off stock price, and stock price is about profit margin going up. And that’s exponential, it’s not mathematically possible to keep going up.
The only way is to keep pushing up prices and making products shittier.
It’s not irony, it’s working as intended.
Capitalism only works when you break up monopolies regularly so there can be competition.
Hell, this is way more evident in a franchise model. The actual owners can’t really do anything, they’re locked in long leases and are forced to buy from only one supplier.
If McDonald’s says party prices go up 50%, the franchise owner has literally zero options. They have to pay it.
The whole system is fucked and pretty much a pyramid scheme.
Which is ironic as fast food used to have 2 appeals - quick and cheap.
I’m not sure how quick they are these days because I can no longer afford it.
Is it tho?
It’s capitalism, once you dominate the market share you raise prices.
Fast food pushed out small local shops, but there’s a few major chains everywhere. So now they’re more expensive than sit down restaurants, because the “speed” which isn’t all that fast anymore is treated as a premium and not a side effect from being cheap/easy food.
Like, everything is based off stock price, and stock price is about profit margin going up. And that’s exponential, it’s not mathematically possible to keep going up.
The only way is to keep pushing up prices and making products shittier.
It’s not irony, it’s working as intended.
Capitalism only works when you break up monopolies regularly so there can be competition.
Hell, this is way more evident in a franchise model. The actual owners can’t really do anything, they’re locked in long leases and are forced to buy from only one supplier.
If McDonald’s says party prices go up 50%, the franchise owner has literally zero options. They have to pay it.
The whole system is fucked and pretty much a pyramid scheme.