Those price increases of 25%+ are not because of this change, that’s just opportunism. Price increases of between 5 and 7% still seem worth it to me.
I found a McDonald’s franchise cost breakdown where staff wages were 27.5% of the total cost: https://www.mymoneyblog.com/mcdonalds-franchise-cost-vs-profit.html . A 25% increase on those wages, would mean a total cost increase of almost 7%, so it seems like Mr Rodrick is honest with his pricing.
Aww :(
Those price increases of 25%+ are not because of this change, that’s just opportunism. Price increases of between 5 and 7% still seem worth it to me.
I found a McDonald’s franchise cost breakdown where staff wages were 27.5% of the total cost: https://www.mymoneyblog.com/mcdonalds-franchise-cost-vs-profit.html . A 25% increase on those wages, would mean a total cost increase of almost 7%, so it seems like Mr Rodrick is honest with his pricing.