McDonald's and Chipotle said they will raise menu prices in California to pay for the minimum wage hikes that Gov. Gavin Newsom recently signed into law.
Hmm… On one hand I could go with fundamental logic and economics… But on the other hand some condescending guy on the fediverse said I’m wrong.
Say whatever makes you feel better about yourself but it’s not exactly rocket science: if McDonalds charged $15 for a Big Mac, a significant number of people would get their burgers at a competing restaurant. If they charged $20 for a burger, nobody would ever go there.
Prices are not set arbitrarily by the deep state cabal or whatever nonsense you want to believe in.
That’s just it: you have to look at just the basics and pretend the rest of the world doesn’t exist in order to conclude “supply and demand. End of story.”
some condescending guy
Yeah, when you’ve heard grown people pretending to know anything confidently state the same childishly simplistic take that just so happens to comport with their own biases but not the whole of reality a few hundred if not thousand times, you get a bit jaded.
I’d apologise for my condescension being rude, but frankly your confident assertion that the basics are the end result is even more rude in its assumption that I must be enough of a moron to be convinced by the most trite bullshit.
it’s not exactly rocket science
True, but it’s a hell of a lot less basic than you pretend.
If McDonalds charged $15 for a Big Mac, a significant number of people would get their burgers at a competing restaurant. If they charged $20 for a burger, nobody would ever go there.
Except for the fact that some people greatly prefer the Big Mac to anything the competitors have to offer, others don’t have any competitor close enough to make switching worthwhile for them, others still have an irrational brand loyalty to McDonald’s sometimes to the point of it being an integrated part of their personality.
There’s thousands of factors like these that give them power over the customer rather than the completely straightforward 1:1 interaction you’re assuming.
Prices are not set arbitrarily by the deep state cabal or whatever nonsense you want to believe in.
To claim any such thing would indeed be nonsense, which is why I didn’t.
Hmm… On one hand I could go with fundamental logic and economics… But on the other hand some condescending guy on the fediverse said I’m wrong.
Say whatever makes you feel better about yourself but it’s not exactly rocket science: if McDonalds charged $15 for a Big Mac, a significant number of people would get their burgers at a competing restaurant. If they charged $20 for a burger, nobody would ever go there.
Prices are not set arbitrarily by the deep state cabal or whatever nonsense you want to believe in.
That’s just it: you have to look at just the basics and pretend the rest of the world doesn’t exist in order to conclude “supply and demand. End of story.”
Yeah, when you’ve heard grown people pretending to know anything confidently state the same childishly simplistic take that just so happens to comport with their own biases but not the whole of reality a few hundred if not thousand times, you get a bit jaded.
I’d apologise for my condescension being rude, but frankly your confident assertion that the basics are the end result is even more rude in its assumption that I must be enough of a moron to be convinced by the most trite bullshit.
True, but it’s a hell of a lot less basic than you pretend.
Except for the fact that some people greatly prefer the Big Mac to anything the competitors have to offer, others don’t have any competitor close enough to make switching worthwhile for them, others still have an irrational brand loyalty to McDonald’s sometimes to the point of it being an integrated part of their personality.
There’s thousands of factors like these that give them power over the customer rather than the completely straightforward 1:1 interaction you’re assuming.
To claim any such thing would indeed be nonsense, which is why I didn’t.