The labor costs are not what's causing the price rises, the CEO have said so themselves on earnings calls.
Labor costs at every segment in the supply chain are a factor. Warehouse workers, truck drivers, produce producers, ect. The price of everything that McDonald's (and everyone else) uses is higher in part because of these greatly increased labor costs across the board.
They are but if you look at McDonald's gross profits charts you'll see that profit has grown quarter over quarter since 2021 [0]. Prices would have increased less if it was purely caused by labour cost increases across the supply chain.
Comments
Labor costs at every segment in the supply chain are a factor. Warehouse workers, truck drivers, produce producers, ect. The price of everything that McDonald's (and everyone else) uses is higher in part because of these greatly increased labor costs across the board.
They are but if you look at McDonald's gross profits charts you'll see that profit has grown quarter over quarter since 2021 [0]. Prices would have increased less if it was purely caused by labour cost increases across the supply chain.
It's the usual greed.
[0] https://www.macrotrends.net/stocks/charts/MCD/mcdonalds/gros...