McDonald’s average menu item costs 40% more than in 2019
WIBC 9AM-Noon Podcast
WIBC
4.6 • 1.2K Ratings
🗓️ 30 May 2024
⏱️ 5 minutes
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| 0:15.0 | Well, it's just not as bad as you think it is. |
| 0:20.0 | Sounds like something the Biden administration would say, but no, this is coming from the president of McDonald's. |
| 0:26.2 | He wrote an open letter to all of their customers claiming that their prices, they're not as bad as what you think they are they've only gone up |
| 0:35.2 | 40% since the pandemic so basically since 20-20 I think the the the |
| 0:40.8 | since 2019 you've seen about a 40% price increase on food at McDonald's |
| 0:47.4 | yeah and now four out of five people consider McDonald's a luxury well is that what you would call it? |
| 0:54.0 | You know, we've had this conversation many times, Casey, which is, |
| 0:58.0 | we're, I mean, this is some of the people really need to be aware of. |
| 1:01.0 | Obviously, they're aware of it when they buy the food itself. |
| 1:04.0 | But because of these price increases, you have seen that the fast food has now become the mid-tier priced food, and the mid-tier priced food is now hit the level of where the expensive |
| 1:16.1 | food used to be in some cases. |
| 1:18.8 | And look, let's face it, the very wealthy, continue to be very wealthy in this country there's a huge income gap |
| 1:24.4 | divide it is widening by the day and so the upper echelon people are still going to be able to |
| 1:29.2 | afford upper echelon based establishments restaurants |
| 1:32.2 | whatever so these mid-tier restaurants are the one echelon-based establishments, restaurants, whatever. |
| 1:33.1 | So these mid-tier restaurants are the ones who are totally getting squeezed out |
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