this post was submitted on 31 May 2024
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A Boring Dystopia
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I'm pretty sure the McDonald's one is false, which makes me think all of the others are too. This is a bad faith argument. I'm assuming this is going around TikTok and that's why so many braindead people keep repeating it
Yeah, look at the x axis labels. 5 years, 2 years, and 3 years. WTF?
Not saying it's right, but the spacing makes the drastic changes in 19-21 less obvious by spreading them across a wider area. Same with 21-24, just less so.
A consistently spaced graph would probably be more drastic looking.
Regardless of intent/effect, it's sloppy and does not instill confidence in the data...
Ha, I came here to say that, too.
I'm definitely weary of posts like this with no data backup. Also what is "actual inflation"? Wouldn't that be like average inflation across all goods? Doesn't inflation affect certain markets differently?
I'm also tired of posts like this.
I have found the article here: https://financebuzz.com/fast-food-prices-vs-inflation
At work so I canβt read it atm, but Iβm interested to hear your conclusion later
I found this article yesterday, from none other than Fox (who I would think would lean into this narrative): https://www.foxbusiness.com/lifestyle/mcdonalds-pushes-back-hefty-price-hikes-including-18-big-mac-meal
According to the McDonald's CEO, the $18 Big Mac (which is where this number comes from) was 1 location, and the average price of a Big Mac is up 21% since 2019 (less than inflation). So I think all of these numbers in your article are cherry picked or just made up
False as in too low? In 2014 both the mcdouble and mcchicken were $1 each. I ate way too many, but I could get 2 sandwiches and a large drink for $3 plus tax. Today the mcdouble is $2.79, the mcchicken is $2.49, and a large drink is $1.69.
10 years, double the prices? ain't that far off.
at our mcd, at least that much for many, if not most, things on their menu. everything i (used to) buy there, anyway. and way more than that for the former 'dollar menu' items. beverages the least affected, although it's now probably double, too (the large cup shrunk on top of the ~ 90% increase since then).
Shrinking cups is actually a good thing. Nobody needs that much sugar, and the cost of the syrup is pennies compared to the cost of the cup itself. They are also mostly plastic now. Normalizing smaller beverages is good for humans.