General Discussion

ProfessorGAC

(66,955 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.

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So McDonalds is blaming their price gouging [View all] orangecrush Feb 2024 OP

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