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McDonald's sales are slumping because people can't afford fast-food (www.cbsnews.com)

submitted 1 day ago by cm0002@lemmy.world to c/usa@midwest.social

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[–] Endymion_Mallorn@kbin.melroy.org 2 points 23 hours ago

They're overcharging, but the problem is that with labor costs increasing, they would still be overpriced if they cut back to a really low (>1%) margin. COVID killed going out. Being able to go back to the grocery store after the lockdowns killed ordering in.

The whole hospitality industry needs to be replaced. It's funny to watch it as it dies, though.