The Real Reason Fast Food Is So Expensive

Source: American Institute for Economic Research
by Jon Miltimore

“‘When I was a boy, Dad could take the family of five to McDonald’s for dinner for $1.35. Now it costs over $70 dollars,’ one X user complained. ‘Corporate greed is destroying the country.’ The idea that McDonald’s wasn’t greedy in 1960, 1990, or 2010, but suddenly became greedy in the 2020s, doesn’t quite pass the economics smell test. Moreover, the mega franchise posted a profit miss in its latest earnings call, as global sales growth slid for a fourth consecutive quarter. So if ‘greed’ doesn’t explain the high price of fast food, what does?” (07/01/24)