Monday, May 01, 2023

Food Delivery Feels the Pinch

We've always thought that getting 'delivery' is vaguely extravagant, but that's just us.  Except maybe it's not 'just us' any more.

Mounting evidence shows consumers are dialing back their fast-food spending as they grapple with two years of negative real wages, maxed-out credit cards, and depleted personal savings. Last week, McDonald's CEO noted that customers were starting to resist higher burger prices. Now, Chipotle Mexican Grill and Domino's Pizza have reported that consumers are ditching delivery services due to high fees, opting instead for carryout to save on costs, as reported by Bloomberg. ...

The article indicates that the growth-curve of delivery is slowing rapidly in the larger marketplace.

Related:  went out for a 'casual-dining' dinner the other night and was presented with a bill which helpfully included tip calculations of 18%, 20%, and 25%.

Left 15%, which is 150% of what tips were back in the '70's and before.  We observed that the price of the damn hamburger is higher, meaning that the tip (15%) is ALSO higher than a couple of years ago; an increase to 18% is absurd. 

(The burger was decent, but there are a lot of better ones out there.)

1 comment:

  1. You can vote in a Democrat
    But you’ll never vote the vermin out

    ReplyDelete