Ha, this is funny since all of those companies have lost the plot lately on pricing/value. Some (like Kraft) have also made mistakes like moving production state side and then damaged their ability to operate world wide, others (like McDonald’s) have cut every corner on quality while upping their prices and spending like drunk sailors on app and ads. And they all have made choices (like Whirlpool) to make their products last less time thinking we are made of appliance every 3 years money.
This is the one silver lining on the economic collapse, there is a chance that these badly ran companies might just face consequences. Like there is still demand for product, but with wages being what they are no one is jumping on $20 big mac meals, $3 boxes of kraft dinner or $1800 fridges (that will break just after the warranty).
In a working economy these actors would find themselves out of business, instead they have lived off our credit for years selling things we can’t afford. It was always going to come crashing down, but we are finally at the point that they are not denying it and now working to move blame.
Accountability will not follow unless we organize for the day after the collapse.
I don’t think it’s that simple. Whether one likes it or not, the economy will always recover, particularly because crashes, like trump’s, are engineered. Crashes kill all competition, deeply consolidating the market as only the biggest can survive (or recieve bailouts)
These companies are the result of the consolidation you describe already, and unlike before they are failing before the crash. Think about Kraft for example, who are their big competitor? Who would Kraft merge with to create a bigger Kraft? Would anyone notice a difference? The chances of a bailout are also slim this time, outside of a few select small sycophants. We are not looking at the old cycle of bullshit, but the point where the ability of consumers to spend is crippled.
You are right that an economy will always “recover”. The issue here is (as shown in the article above) across all industries and based in the result of a long long process of devaluing wage rates. So I do think there will be a recovery but I don’t think that it will be bailouts and mergers this time. I think the “winners” here will be the cheaper providers and smaller companies as the world transitions into poorer times.
Terrible products, over priced, paid to install a moron as president who fucks up the economy. Yeah, no pity for these fucks, go under.
You, our good Lemmy dweller, took the words right out of our mouth 🙇🏻♀️
Guess you guys shouldn’t have funded Trump’s campaign, huh?
Remember when McDonalds let a felon rapist use one of their locations for a photo op?
The one that paralleled Mussolini’s “working class man” propaganda photo? Yup!
That’s an insult to Mussolini.
Good.
Ready? How? It is like telling someone locked in a prison cell to get ready for a fire.
Have they tried 100 year loans on a Big Mac?
It was kind of a dead giveaway when he wouldn’t even eat his own food on video
They’ll say the same thing in the 2030s after replacing all of their workers with AI once they realize that those workers are also consumers 🤯.
If you had to choose between
-
infinite money, or
-
money being worthless, and you having an army of robots that would do whatever you want and no one else having anything,
which would you choose?
Because I think that a lot of people are thinking that it’s a question of JUST infinite money versus worthless money, and no, there’s another part to this.
It involves breaking the system and worldwide universal slavery for literally everyone except the people at the top.
-
Turns out when a bunch of bigots and corporations throw their weight in behind a low IQ felon rapist to make a profit or simply to hurt others, things go off the rails for everyone.
McDonald’s is selling paper thin beef and costs more than your local cafe here in Australia
The standard has dropped a lot. I only go on a long car trip
I don’t even go when on a long car trip anymore. I’d rather pay just as much for a less american chain
hell even McDonald’s closes the doors after 11pm now and is drive through only. the last thing they had going for them was that they had a washroom available when driving at night. now I’ll still go to the less american chain since there’s literally nothing McDonald’s offers that they don’t. well, nothing good anyways
Funny you mention that, the last time I was driving late (I think about 1am) I needed to fill up on the way home and noticed people pulling up at the McDonalds across the parking lot even though the drive trough was on the other side of the building. I watched people get out, try the doors, shrug and then put their asses to the window and do their business. The funny part to me is that there is staff in side and these people had to know it, but did it anyway.
So in a way they do have facilities after 11pm.
ngl I considered pissing in the trees. “open 24 hours” means open 24 hours, not “open during the day but you can order pick up at night”. I’d had to piss for the last half an hour and I’d already given my body the ok to prepare to relieve itself in a few minutes when I got off the highway. that was a hard one to hold in.
I have absolutely no problem with businesses having schedules. I absolutely have a problem with false advertising and lies.
In this case I think it was done with spite, since the gas station I was at had the buzzer system bathrooms I believe. But I do get why its bull shit to be “open” but then not be open. Its odd since as I get older there seems to be less and less 24 hour things, something that I did not think would be my “yells at cloud” thing would be getting a hot meal at 3 am.
For me, it’s generally when I travel up to hotham (a 4hour trip). As I need fuel too and always tend to stop at the same servo.
But yeah, I remember my first big Mac probably 25 years ago. It was incredible. Now it’s a limited edition
Big deal. Theyll just pull another ‘too big to fail’.
Oh the money is there. But its all tied up with billionaires
The 1% accounts for 60% of spending. But they are all over leveraged or waiting for the inevitable crash so they can buy everything cheap and increase their hoard.
Compared to the ruling class, the 1%s are practically destitute
I’d love to see a source for that claim, that’s some very intetesting piece of information (if true)
Rough numbers so take with a grain of salt.
https://dqydj.com/net-worth-percentiles/
When you look at the ultra wealthy 60 million is pocket change
Absolutely, but how many ultra wealthy are politicians or top bureaucrats? I’d think they would not stoop so low as to actually BE politicians instead of just… buying some.
Yes, exactly the ruling class. They buy people who enact laws that benefit them
The difference between a millionaire and a billionaire is roughly a billion dollars.
That’s true, I’m more unsure about if the ruling class are bilionaires. I mean okay… it’s an oligarchy where billionairs simply buy politicians or both parties at once… but “the ruling class” would usually mean politicians and top bureaucrats, wouldn’t it?
It would mean it, if the politicians are the ones ruling, but since the politicians aren’t the ones ruling they would not be the ruling class is what I meant
Ah, thanks, with that definition the factoid becomes way less interesting (as in not new to me)
I think I might go with your definition from now on, seems closer to official definitions than what I thought it would be.
Interesting that it translates to “political class” in german where the definition is very different, because “political class” there is basically defined as “career politicians” and excludes the capitalists ruling through financial instead of representative power. I think that’s where my misconception stems from.
But won’t that new ballroom be something?
/s
But billionaires aren’t the main consumer base for these brands. They buy boutique appliances and health foods more than they buy sodium laced chipped meat products and mom-and-pop’s favorite dishwasher.
For sure, I was just saying that the people who buy this stuff’s money is tied up with the billionaires
Absolutely - you’re right. I just mean that these brands are complaining that they don’t benefit from their own CEOs having all the money, which is kind of amusing
The company behind brands like Heinz, Kraft and Philadelphia is now cutting prices (2) on some products that had grown too expensive, increasing promotions…
Yay! Prices are actually going to drop a little?!
…and rolling out smaller package sizes at lower price points.
Fucking jackals.
This is the second time I’ve seen a company claim that shrinkflation is the solution to this problem.
At this rate, they’ll soon be selling individual packets of ketchup in grocery stores.
When a Kraft Dinner box becomes a Kraft Snack, and a new Kraft Dinner Family box appears that’s smaller than the original Kraft Dinner box and costs more.
You don’t want to spend $2 on macarono and “cheese”
Probably for eight bucks a packet.
Still won’t buy them, the fact they shouldn’t of done it in the first place, they can fuck themselves.
“It’s what the customers want”.
The children yearn for the mines.
Shrinkflation!
You mean the parasite class is having money trouble because the peasants aren’t buying? How dare they opt for cheaper options when they can barely afford rent! Don’t they know it’s paramount to society that they slave away to engorge those who already have too much???
Yeah it’s the parasite realizing that they went overboard with sucking the blood of their host and now the host is dying.
No, it’s the parasite noticing suckling blood is getting harder, how bothersome!
They’re far off from realizing the host dying.
Only way to beat them at their own game in this case is to not play.
I’m doing my part helping put McDonald’s out of business. They aren’t cheap anymore and somehow the quality has gotten worse. I went from going once a week many years back to once a month then a few times a year to never. Every time I go I’m disappointed.
Yeah, it’s disgusting now.
I can’t believe the prices, they are on par with local hamburger joints that sell food that is 4-5 times better.
I’m doing my part because they won’t sell fries a vegetarian can eat
It’s not even really any more expensive to go to a proper sit-down restaurant and order actual real food, anymore.
That was the reason I stopped going to Carl’s Jr years ago. Got to be about the same price as a real restaurant, albeit their burgers were still pretty big and not terrible. But when your best thing used to be advertised as being as good as a sir down burger but for only $6 and it goes up to the same price as a sit down burger, I might as well go get the sit down burger.
Everytime I go I’m disappointed.
It makes me feel ill. The entire following day I feel tired and bloated.
I had lunch at Booger King last year for the first time in a long time. The whopper and fries were actually surprisingly good, freshly cooked and tasty. But god damn did I feel like shit after eating it. I suppose it was all the salt. And it was $16, and that was without a drink even.
And for what? A cold ass burger that’s super small and tastes different?
I’m doing my part too! Haven’t been to a McDonald’s since 2024, and working hard to convince everyone I know to stop going there too.
I go for only one thing - a Sausage Egg McMuffin, maybe once a week. That’s all.
They screwed up my last two orders. One didn’t have an egg, and one didn’t have the sausage or cheese.
Is it that hard?
Pay the lowest possible wage and get the lowest possible effort.
Yeah I only hit them up for a large milk shake to blend with wild blueberries at home. Because I’m to lazy to make my own milkshake
It’s icecream and milk in a blender, and you’re already putting it in a blender… What?
Cost to buy a tub of good vanilla ice cream is like $10-$12 cost to buy milk $6-$7. Cost of a large vanilla milkshake at Mcdonalds $5 buy two at the same time freeze the second because they freeze well, and I’m still ahead. Also soft serve ice cream makes better milkshake than scoop.
You think they’re buying the good stuff to put into a McDonald’s shake? Also you think they’re putting in a whole gallon of milk?
Your logic is….fascinating. Just admit to yourself that you feel lazy sometimes. It’s ok. We all do it.
You’re not saving money on the gallon of milk if it just goes to waste. And they didn’t say soft serve was higher quality than scoop for a milkshake, they said it was better. I took it to mean the taste and texture is better to them.
I think I’m doing my part but the extreme discounts in the app every two weeks mean I’m still visiting. It is a nice break from ramen.
I totally get that! When I visited the most was when they had the dollar menu and I honestly used it to survive back then. These days it’s the app and only sometimes but same thing.
You couldn’t beat $3.75 for 2 sandwiches and a small fry when I had $20 to my name that had to somehow last me the work week!
Oh wow, some awareness! It just doesn’t matter till it hits the bottom line of course. Don’t confuse it with compassion.
