Mighty noble of you.
Are you willing to foot that bill yourself???
Increase wages enough that it drives the end product prices up, will reduce sales volume at the restaurant.
Thus, dropping sales volume means increasing prices to maintain revenue.
It’s easy to be generous,
when OTHERS are paying the bulk of the expenses.
Do away with families and the lower/marginal income, who make up the largest portion of fast food sales and production costs rise exponentially.
Like Walmart, fast food has low prices BECAUSE of the volume they do.
Raise prices-drop volume
I will vote with my pocketbook, thank you; anyone who doesn’t care for my choices is quite free to start a restaurant and pay people like crap.
I don’t know about ‘noble’, I do feel that anyone who works a hard day on their feet deserves to be paid enough to live decently, and the people who patronize places where the workers aren’t paid enough to live well deserve to be ‘served’ by sick, disgruntled and/or incompetent workers.
You get what you pay for. If one has to be both a cheap A$$ and eat then learn to cook. I don’t eat out if I can’t afford to eat well, and anyone who doesn’t feel that way deserves to be served by typhoid Maria as far as I care. Maybe having a two dollar burger is more important to you than paying like a first world human and having the poor schlub making it take home enough to not live in their car, to me how we spend our money is the ultimate indicator of morality and values, and anyone working an 8 hour shift deserves to make enough for car, rent and health care, anyone who wants to pay them less deserves only a thieving crackhead for an employee.
Walmart has low prices because they artificially extort them from suppliers. That is not to say Walmart puts a gun to the head of suppliers, but if you want to supply Walmart, you have to agree to minuscule profit margins or they will replace you with a company who will so agree. I’m not going to quite say it is artificial price fixing, as the suppliers are willingly agreeing to Walmart’s demands for below market wholesale prices. Just saying that the 800 point gorilla has enormous leverage over suppliers.
You are right that volume is part of the reason for Walmart’s low prices, but it is also because Walmart is ruthless at attaining ridiculously low wholesale prices from their suppliers, which is why suppliers hate them so.
Labor is only 22-25% of the cost of fast food.