fast food margins are really thin. Not razor thin, but very thin
the biggest single outlay is labour. It’s a huge percentage, and I remember it to be like 35% of costs
a 25% bump is not insignificant to the biggest cost with margins so thin
I invite someone with more recent time in fast food who knows better to correct me. My experience is 25 years old and I only got as high as shift manager before I got a better job related to my field.
Fun facts:
I invite someone with more recent time in fast food who knows better to correct me. My experience is 25 years old and I only got as high as shift manager before I got a better job related to my field.
Fun facts: The rest of the west figured out how to survive it, while also offering employees more.
Cool. Counterpoint: thin margins is not a good excuse to pay someone poverty wages.
And yet
https://www.reuters.com/business/retail-consumer/us-fast-food-chains-report-fatter-margins-cheese-chicken-avocado-costs-fall-2023-07-27/