I’m not sure where the question is coming from, but stagnated wages means that as prices rise due to inflation, people make the same wage and their spending power goes down. And when their spending power goes down, they have to spend more on necessities like rent/mortgate, transportation, groceries. It leaves less disposable income for things like fast food, entertainment, et cetera.
Ahhhhhh, gotcha. Well, something like that can indirectly hurt because lower wages means shittier employees who care less and make crappier food slower. Many fast food locations across all the brands suffer from this. But if you have a good one with good service and food quality, it’s more likely you’ll patronize them.
For a long time I didn’t eat Burger King because the only ones near me were crappy. But we’ve moved to a place where we have one that’s decent, so it’s something I get very occasionally.
But yeah, most of fast food’s problem is the larger problem of companies in our country: Nobody can afford to buy anything. Or rather, at all levels, budgets are tighter. :)
How did stagnated wages hurt their sales?
I’m not sure where the question is coming from, but stagnated wages means that as prices rise due to inflation, people make the same wage and their spending power goes down. And when their spending power goes down, they have to spend more on necessities like rent/mortgate, transportation, groceries. It leaves less disposable income for things like fast food, entertainment, et cetera.
Oh I thought you were saying that’s why Wendy’s was going out of business, because they didn’t pay their workers enough.
Ahhhhhh, gotcha. Well, something like that can indirectly hurt because lower wages means shittier employees who care less and make crappier food slower. Many fast food locations across all the brands suffer from this. But if you have a good one with good service and food quality, it’s more likely you’ll patronize them.
For a long time I didn’t eat Burger King because the only ones near me were crappy. But we’ve moved to a place where we have one that’s decent, so it’s something I get very occasionally.
But yeah, most of fast food’s problem is the larger problem of companies in our country: Nobody can afford to buy anything. Or rather, at all levels, budgets are tighter. :)