McDonald’s $25 ‘deal’ goes viral; users blame California’s minimum-wage increase: ‘Your new normal’ | FOX Business
In a world where the price of a quick meal can spark widespread debate, a recent TikTok video showcasing a $25 McDonald’s meal deal has done just that, igniting conversations about the impact of minimum wage increases on fast-food pricing. The video, posted by user @shannon_montipaya, highlighted a 40-piece Chicken McNugget meal with two large fries, but no drink, at a Southern California McDonald’s. This price point, which would total around $27 with sales tax, left many reminiscing about the days when fast food was significantly cheaper.
The viral video, which amassed 2 million views, brought to light the stark reality of how fast-food prices have soared over the years. A study by FinanceBuzz revealed that McDonald’s prices have doubled since 2014, with a 10-piece McNugget meal jumping from $5.99 to $10.99. The comments section of the video became a space for nostalgia, with users sharing memories of cheaper McDonald’s deals and expressing shock at current prices. Some pointed to California’s recent legislation, which raised the minimum wage for fast-food workers to $20, as a factor in the price hike.
The discussion extended beyond California, with users from other states sharing their local McDonald’s prices, many of which were significantly lower. This disparity highlights the regional differences in pricing and the potential impact of wage increases on the cost of goods and services. Despite the outcry, some viewers saw the meal deal as reasonable, arguing that $12.50 per person is not exorbitant.
The reaction to the wage increase has been mixed, with some fast-food chains, like MOD Pizza, closing locations in California ahead of the new minimum wage law. This move suggests that businesses are feeling the pressure of higher labor costs, which could lead to further price increases or layoffs. McDonald’s USA, however, disputes the accuracy of the FinanceBuzz report, stating that pricing varies by franchise and is committed to offering value through affordable pricing and special deals.
This incident opens up a broader conversation about the balance between fair wages and affordable pricing, and how businesses can navigate these challenges in a way that benefits both employees and consumers………..
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Rising Dough
Considering the recent minimum wage increase in California and its potential impact on fast-food pricing, what strategies can businesses employ to manage higher labor costs while still providing affordable options to consumers?
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Businesses can employ is by creating deals or promotions that will draw more consumers to the company. The more people think that they are getting a deal the more that company will profit and be able to collect enough money to keep good prices for their food and to also pay their employees the money they deserve for their hard work.
hey yall
Businesses can adjust portion sizes, streamline operations, invest in automation, negotiate with suppliers for better prices, and optimize their menu offerings. Additionally, they can focus on improving efficiency and customer experience to maintain competitiveness while managing increased labor costs.
When it comes to managing higher labor costs, businesses can explore a few strategies. They can optimize their operations by using technology to streamline processes, implement cost-saving measures like energy efficiency, and negotiate better deals with suppliers.
First, they could focus on optimizing their operations and improving efficiency. By streamlining processes, reducing waste, and maximizing productivity, they can make better use of their resources and potentially offset some of the increased labor costs.
Another strategy is to invest in technology and automation. By incorporating self-ordering kiosks, automated food preparation systems, or even delivery robots, businesses can reduce the need for as many human workers and potentially save on labor costs.
Additionally, businesses can explore alternative staffing models, such as part-time or flexible scheduling, to optimize labor utilization. This allows them to adjust staffing levels based on demand and minimize unnecessary expenses.
To manage higher business cost businesses, need to restructure their operations. First, they should get technology that’s quicker, more efficient, and speeds up the job. This will allow businesses to higher less employees. Second fast-food companies can remove items that don’t sell well. Tghis will speed up their operations and cut food cost. Finally, Fastfood companies can look for new suppliers. With new suppliers they can save a bunch of money through buying in bulk from cheaper suppliers.
Businesses can create deals, adjust sizing of portions, as well as negotiating with suppliers for pricing. The more people that get a deal the more the company profits
businesses can create deals, adjust portions of food and change up the prices.
Businesses can readjust food portions and readjust the way they market to get more customers and make more deals so people can afford it.
Some srategies that business can use is investing in better technology, adjustdung there menu to make more profit, better marketing strategies and diversification.
Businesses can maneuver and change the amount or size of the food that they give out and also negotiate with their food or suppliers for possibly a better price for certain things also maybe better their menu and what they give out.
The increase or decrease of fast food price mirrors the increase or decrease in fast food prices to accommodate that and in order to prevent that they would either have to decrease the wages or the office workers or decrease the amount of employees they have in the actual restaurants. that could leave a negative impact on the business but that how they could solve the problem.
I see it as the more they adjust their menu the more they can profit knowing most consumers would like to try/see new things.