Fast food used to be cheaper because of economies of scale. Can McDonald’s really be paying more for the ingredients and labor to make a big mac meal than a steakhouse pays for a 6 oz steak with two sides?
Probably not more for wages or ingredients, but more for CEOs and need to appease stock holders so their behavior will be different than a small shop, no matter what the scale
Right? “Local spots have better quality, better prices and better interactions” ™
Fast food used to be cheaper because of economies of scale. Can McDonald’s really be paying more for the ingredients and labor to make a big mac meal than a steakhouse pays for a 6 oz steak with two sides?
Probably not more for wages or ingredients, but more for CEOs and need to appease stock holders so their behavior will be different than a small shop, no matter what the scale