Once viewed as a quick, affordable meal, fast food is increasingly seen as a luxury by many Americans due to rising menu prices, according to a new LendingTree survey. The financial advice website …
How much of the increased price of fast food is because restaurants have to pay workers more than $7.25/hour now? It seems like the entire business model of cheap fast food was premised on low-quality food and labor costs so low that most fast-food workers qualified for public assistance. Leaving aside the low-quality oligarchical food product industry and just looking at the labor side, it’s still a failure. And a business model that relies on food stamps and welfare for its employees really isn’t a business model.
How much of the increased price of fast food is because restaurants have to pay workers more than $7.25/hour now? It seems like the entire business model of cheap fast food was premised on low-quality food and labor costs so low that most fast-food workers qualified for public assistance. Leaving aside the low-quality oligarchical food product industry and just looking at the labor side, it’s still a failure. And a business model that relies on food stamps and welfare for its employees really isn’t a business model.
This is the EXACT reason why prices NEVER WENT UP until the $7.25 Minimum Wage was RAISED!