While we keep letting the government tell us that inflation is at 3%, back out in the real world price hikes are staggeringly higher.
Just take one look at Chick-fil-A, for example: the popular fast food chain has hiked its prices a whopping 21% over the last two years, according to a new report from the NY Post.
In 2022, the chain first raised prices by 15%, the report says. In January 2023, the company then implemented a menu-wide 6% hike in prices, resulting in the average price of its chicken sandwich – which was under $5 in 2021 – to now cost $5.79.
The report notes that in high cost of living areas, like New York City, the same sandwich is going to run customers $6.99. An 8 piece nuggets, which would cost $5.99 elsewhere and which were also under $5 in 2021, now cost $7.09.
The Post noted the discrepancy between the real world and the CPI, which showed a 3.1% increase in November. Meanwhile, the Bureau of Labor Statistics noted a 0.2% monthly rise in the food index for November, a slight decrease from the 0.3% rise in the previous month.
Labor costs are playing a role in driving costs higher, the report says.
New York saw its minimum wage increase from $15 to $16 in New York City, Long Island, and Westchester County as the new year began. This increment is part of a plan, agreed upon last April by Governor Kathy Hochul and legislative leaders, to gradually raise the minimum wage to $17 in these areas and $16 in other parts of the state by 2026.
Twenty-two other states, including California and Connecticut, have also recently raised their minimum wages. California increased its rate to $16, and Connecticut to $15.69. Now, approximately 30 states have minimum wages higher than the federal minimum of $7.25 per hour.
These wage increases have been linked to rising prices, such as the anticipated $15 cost for a McDonald’s Big Mac in states with the wage hikes. Brandon Arnold of the National Taxpayers Union highlighted California’s mandate for a $20 minimum wage in fast food restaurants.
Establishments are “either gonna have to raise prices, start to reduce those labor costs or a combination of both,” Arnold said on Fox. “And that’s not fair to those employees that are getting laid off, nor is it fair to the customers that are all of the sudden paying $12, $15 for a Big Mac.”
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Like it or not, everyone must eat. We’ll either pay a living wage, get hit with enough taxes to cover living expense shortfalls, printer go Brrrrr or we’ll get plenty more homeless 3rd world shithole neighborhoods.
Take yur pick.
Personally, I’d like to see everyone have a living wage job REGARDLESS what that work is and ZERO welfare except for the indigent.
Abolish the Fed, the IRS, the MIC, and the minimum wage, and everything will change.
Looks like we’ve already got ALL of those things …… and more.
Go to the original linked ny post article and read the comments there if you want a master-course in keeping the sheep angry at “the other herd” through regurgitation of opposing, nonsensical talking points.
gReEDflAtIoNNn!!!! NAWWW CFA is bein’ turgetid!!!
?
Ruh roh, rooby! Here comes the 2024 financial version of Covid…”skyrocketed suddenly” is becoming a thing.
Prices have always hiked 21% in 2 years.
Just as young folks have always dropped dead in mid-stride on ball fields.
The new normal is so extreme that even the very sleepy are beginning to smell the blood in the water.
Not just to nit-pick, but to try to get people to quit making the same mistake over and over.
A 6% hike following a 15% hike isn’t 21%, it’s 22%. Hikes aren’t additive, they’re multiplicative (if that’s a word).
1 x 1.15 (15% hike) = 1.15
1.15 (your new starting point) x 1.06 = 1.219, 22% higher than the original value.
This is why “disinflation” is such a farce. Just because the rate is going down, doesn’t mean that prices aren’t still ramping quickly.
Chic fil A has always been way overpriced. Their marketing campaigns are working convincing people that they have healthier food than other fast food places. The food is not that remarkable. Just overpriced.
It’s also the same factory farm chicken as anywhere. They also sell family values – y’know, like having a mom/wife at home, cooking chicken?
Drove past a Chik-Fil-A yesterday at lunch time parking lot packed drive thru lines maxed out. Maybe Bidenomics is starting to work….or maybe people really like chick-fila.
I can proudly say I’ve never eaten at chick-filet, I don’t eat shit, at any price!
Last time I ate in a restaurant was years ago and it was a good ole greasy spoon. The shit they call oil is disgusting, probably better suited as an alt fuel for my GMC 6.2L. YMMV
Peace, L.
With runaway democrat inflation, the economic suffering will continue.
There are no Democrats.
It’s a uniparty.
The only opposition is we, the people, refusing to comply.
Inflation is just one thing: The Federal Reserve Bank.
.
Whom knew a big box greaseburger would become a luxury item? My homeboy mini-wage inflation gauge has been the BBGB (see above) for decades. One mini-wage hour ought produce enough fiat to buy enough prepared calories to stay alive for one day. Not healthy, not strong, but alive. Federal mini-wage hasn’t done that for thirty years or more. State mini-wages have in many cases done so, but are falling behind as well.
The objective of the cartels is to extract all wealth created by the proletariat beyond what is necessary for bare subsistence, and they are arriving at that goal on the bottom end.
I stopped eating Chik-Fil-A years ago when I found out their executive director (whatever his title was) of their charity division was an ardent Obama supporter.