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
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