Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

ProfessorGAC

(65,659 posts)
23. The Critical Value There...
Sat Feb 10, 2024, 05:39 PM
Feb 2024

...is 40.93%.
Year over year 41% increase in net income? That's an astounding number in a mature I dusty & absolute proof that higher wages are barely involved.
They can't raise wages & make 41% more profit if raising wages is the reason prices are high. The math just doesn't work.

There are things you MUST buy and things you can say "no thanks" to. McDs is the latter and could fix some prices dutch777 Feb 2024 #1
The old "want vs need" conversation my grandmother Cheezoholic Feb 2024 #8
Of course cheese is a necessity Sucha NastyWoman Feb 2024 #24
Only Jarlsberg swiss. Permanut Feb 2024 #28
I used to live in a house near McDonald's that had a sign out front that advertised paying $10.50 per hour Sucha NastyWoman Feb 2024 #22
Spewing the same old rhetoric they whined about before wage increase. FarPoint Feb 2024 #2
I haven't eaten there in years. sellitman Feb 2024 #3
I ate there last week... SergeStorms Feb 2024 #9
Blame whatever they want, flat price gorging as I see it. republianmushroom Feb 2024 #4
I hadn't been there in years but my son wanted a Big Mac. We pulled in, I looked at the prices and started laughing and ratchiweenie Feb 2024 #5
So they raise prices to make them more competitive Emile Feb 2024 #6
McDonald's net income for the twelve months ending September 30, 2023 was $8.333B, a 40.93% increase year-over-year. redqueen Feb 2024 #7
Damn minimum wage. SergeStorms Feb 2024 #12
The Critical Value There... ProfessorGAC Feb 2024 #23
Passing any wage increases onto the consumer. Corporate protocol 101. View "The Corporation" (documentary) Evolve Dammit Feb 2024 #10
For the same price as some of their combo meals, I can go to my favourite niyad Feb 2024 #11
my fave combo meal at taco bell was originaly 5 dollars , now 11 dollars . plain greed. AllaN01Bear Feb 2024 #14
Seems like a bit of an exaggeration BannonsLiver Feb 2024 #25
Since you do not know me, nor do you know anything about my neighborhood, niyad Feb 2024 #33
So is Subway Puppyjive Feb 2024 #13
Yeah. i don't eat at MickeyD's anymore Jacson6 Feb 2024 #15
Oh, RIGHT... GiqueCee Feb 2024 #16
You win orangecrush Feb 2024 #39
The last time I went to McDonalds, many years ago, Demobrat Feb 2024 #17
hey mcdonalds and others . i remember when u would only cater to college students for part time work AllaN01Bear Feb 2024 #18
Wages are a lagging indicator of inflation Warpy Feb 2024 #19
I'm blaming my never eating there Farmer-Rick Feb 2024 #20
Yet they still had enough for $1B+ in stock buy-backs nuxvomica Feb 2024 #21
We so need substantive reform. Voltaire2 Feb 2024 #27
Stock buy backs benefit the big multigraincracker Feb 2024 #29
They used to be. I wish we would go back to that. N/t TexasBushwhacker Feb 2024 #38
Don't eat there. Their food is noy only over priced. It is unhealthy. totodeinhere Feb 2024 #26
Spread over a whole bunch of burgers and fries, it ain't much of an increase paleotn Feb 2024 #30
In capitalism, corporations like McDonalds run on a legal doctrine that holds shareholder profits above all else. PatrickforB Feb 2024 #31
Great post orangecrush Feb 2024 #40
We're coming up on Shamrock Shake season Shermann Feb 2024 #32
McDs is right by Jersey Mike's. Get large fries to have with great subs. Not much else but the fries. twodogsbarking Feb 2024 #34
Of course they are. They aren't going to blame themselves for overcharging their customers to benefit shareholders. W_HAMILTON Feb 2024 #35
How about we blame the fucking CEOs and their ridiculous 9 figure salaries? Initech Feb 2024 #36
Not sure why adults eat at Micky D's anyway GenThePerservering Feb 2024 #37
Latest Discussions»General Discussion»So McDonalds is blaming t...»Reply #23