I always think it's funny when people think that the $8 they pay for a big Mac or $3 for a soda is all to pay for wages. When I worked in food service it's actually about .75 cents to make a big Mac. And about .10 cents for the soda. And maybe .15 cents for the fries. So so it cost them about $1 to make the meal they just charged you $11 for. There plenty of wiggle room in there.
Several cities have higher minimum wages and the prices are nearly the same.
For example, in San Francisco the minimum wage is $16.07 per hour. A Taco Bell Bean Burrito sells for $1.99, and a Burrito Supreme costs $4.19.
In Alexandria, Virginia the state’s minimum wage is currently $7.25 per hour, equal to the federal minimum. A Bean Burrito goes for $1.29, while a Burrito Supreme costs $4.19.
Labor costs represent like 20% to 30% of the final consumer prices.
AnthropOctopus on February 9th, 2021 at 19:18 UTC »
It is hilarious that people think that the cost of that burrito actually goes to worker wages.
ArcheelAOD on February 9th, 2021 at 19:20 UTC »
I always think it's funny when people think that the $8 they pay for a big Mac or $3 for a soda is all to pay for wages. When I worked in food service it's actually about .75 cents to make a big Mac. And about .10 cents for the soda. And maybe .15 cents for the fries. So so it cost them about $1 to make the meal they just charged you $11 for. There plenty of wiggle room in there.
TooShiftyForYou on February 9th, 2021 at 20:02 UTC »
Several cities have higher minimum wages and the prices are nearly the same.
For example, in San Francisco the minimum wage is $16.07 per hour. A Taco Bell Bean Burrito sells for $1.99, and a Burrito Supreme costs $4.19.
In Alexandria, Virginia the state’s minimum wage is currently $7.25 per hour, equal to the federal minimum. A Bean Burrito goes for $1.29, while a Burrito Supreme costs $4.19.
Labor costs represent like 20% to 30% of the final consumer prices.