r/OptOut • u/[deleted] • Mar 24 '15
r/OptOut • u/redbattleaxe • May 23 '24
The new quiet luxury is burgers and fries: Over 60% of Americans are buying less fast food because it’s just too expensive, survey finds
r/OptOut • u/redbattleaxe • May 28 '24
21 states where recession bells are ringing after unemployment jumps
r/OptOut • u/redbattleaxe • Jun 10 '24
IMF officialdelivers stark warning on AI's potential to turn an ordinary downturn into a severe economic crisis
r/OptOut • u/redbattleaxe • Jun 12 '24
Plant-based ultraprocessed foods linked to heart disease, early death, study says | CNN
r/OptOut • u/redbattleaxe • May 27 '24
Calif. Senate passes bill to add speed governors to all new cars
Tired of this stupid state. Govt is overstepping. Enough already!
r/OptOut • u/redbattleaxe • Jun 10 '24
Economist Harry Dent predicts stock market crash worse than 2008 crisis: The ‘bubble of all bubbles’
r/OptOut • u/redbattleaxe • Jun 07 '24
Opinion: Why Americans are so frustrated with the economy right now | CNN
r/OptOut • u/redbattleaxe • May 23 '24
The US economy is in a 'selective recession' as lower-income consumers can't cover the cost of living, JPMorgan says
r/OptOut • u/redbattleaxe • Jun 05 '24
It finally happened to me... 80% of my team was laid off today
self.antiworkr/OptOut • u/redbattleaxe • May 22 '24
Retirees forced to return to work as inflation eats into savings: 'It's just not enough'
r/OptOut • u/redbattleaxe • Apr 28 '24
US bankruptcies surged 18% in 2023 and seen rising again in 2024
r/OptOut • u/redbattleaxe • Apr 22 '24
2024 will be 'toughest' labor market 'in our lifetime': Report
r/OptOut • u/redbattleaxe • May 14 '24
California's wealthiest farming family threatens to destroy small town
r/OptOut • u/redbattleaxe • Apr 20 '24
Undocumented migrants could get help to buy homes
r/OptOut • u/redbattleaxe • Apr 03 '24
INFLATION: California’s $20 fast food minimum wage balloons menu prices — with some chains increasing costs by nearly $2
https://nypost.com/2024/04/02/us-news/californias-20-fast-food-wage-raises-prices-by-up-to-1-80/
You’ll be dropping a lot of dollar on that Whopper.
Menu prices at fast food chains across California have increased, as a new law went into effect requiring them to pay a $20-an-hour minimum wage to workers from Monday.
The Post checked menus at several restaurants in the Los Angeles area to see if the costs are already being passed on to consumers — with mixed results.
The biggest leap was at a Burger King, where a Texas Double Whopper meal cost $15.09 on March 29 but surged to $16.89 on April 1, a whopping increase of $1.80 (nearly 12%) for the same meal.
The Big Fish meal also jumped from $7.49 on the menu before April 1 to $11.49 after — an increase of $4 (53%).
Most other items increased anywhere from 25 cents to a dollar.
Burger King did not respond to a request for comment.
Burger King was not alone. At Hart House, a fast food chain founded by actor Kevin Hart, prices increased up to 25%.
Before the law was enacted, a large fries cost $4.49. On April 1, that price went up to $5.99.
Milkshakes of all sizes increased by $1, while most sandwiches went up by 50 cents each.
At a nearby In-N-Out Burger, the price hikes were more modest. Burgers went up about 25 cents, while sodas increased by a nickel.
The price increases got mixed reviews from customers on Monday.
“It’s such a nominal increase,” said Shawn Fields, 40, who was buying lunch at In-N-Out.
“It seems like a reasonable amount.”
But not everyone agreed.
“To be honest, I don’t like it, because then everything else goes up,” Ivan Moreno, who was buying a meal at Burger King, told The Post.
“These people have to make a living one way or another, but then [the restaurants] have to up their prices.”
Other restaurants checked by The Post showed no change, including Chick-fil-A, Wendy’s and McDonald’s.
One McDonald’s franchisee, though, said he’s had no choice but to raise prices already.
“As a business owner, when you’re dealing with this kind of extraordinary overnight change, you know, a 25% increase in wages, (no) stone has to remain unturned,” Scott Rodrick, who owns 18 restaurants in Northern California, told CNN on Monday.
In the last three months, Rodrick has raised menu prices between 5% and 7% in anticipation of the new law going into effect.
Democrats in the state legislature passed the law last year that raises the wages of more than 500,000 people who work in fast food restaurants.
r/OptOut • u/redbattleaxe • Apr 30 '24
More than 1 in 4 US adults over age 50 say they expect to never retire, an AARP study finds
r/OptOut • u/redbattleaxe • Apr 18 '24
How men and women are dividing on politics
r/OptOut • u/redbattleaxe • Apr 11 '24
California just hiked minimum wage for fast food workers. Some restaurants are replacing them with kiosks | CNN Business
r/OptOut • u/redbattleaxe • May 03 '24
Elon Musk goes ‘absolutely hard core’ in another round of Tesla layoffs
r/OptOut • u/redbattleaxe • May 09 '24
Reimagining teenage romance: Gen Z men opting out of the dating scene
r/OptOut • u/redbattleaxe • Apr 23 '24