https://www.marketwatch.com/story/y...sonfor-it-e9ca2f58?mod=mw_rss_topstoriessample quotes
Several months ago, the most significant factor pushing fast-food prices upward was the rising cost of food itself. Now, the No. 1 driver is the cost of labor, said Eric Gonzalez, a senior analyst covering the restaurant industry for KeyBanc Capital Markets. In other words, McDonald’s workers are making more money than they used to.
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“The reason McDonald’s was so cheap was because they paid so little for their labor,” Washington State University economist Christopher Clarke says in a TikTok video examining the rise in restaurant prices. “Fast-food prices going up are mostly going to workers.”
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Nowadays, it costs about five times more to eat away from home as opposed to staying in, Gonzalez said.
