The more that franchisees can bear to pay in rent, the more corporate can charge, so the franchisees hiring fewer people is maximizing shareholder value even if indirectly.
Sorry, the best they can do is triple prices because they want to give the appearance of being “premium”.
Oh and those kiosks I’m sure are provided by a company run by someone on the Board, and cost multiple thousands for something that could be done with a $500 touchscreen and a Raspberry Pi.
And software run by yet another provider on the Board that has a dev team comprised of everyone’s nephew trying to use AI to vibe code it.
Personally I’d rather they keep the same number of employees and just work less hard. Fast food workers seem to have way too much to do for their pay scale. They should take the pay from the absurdly overpaid upper management, though.
I prefer the kiosks too, but if they’re going to be hiring fewer people as a result, prices should be reduced to account for their cost savings.
But if they do that, how can they maximize shareholder value?
whose shareholders? McD’s? The franchisee’s?
Yes
‘Shareholder Value’ is derived from Rents. It’s McDonalds.
The more that franchisees can bear to pay in rent, the more corporate can charge, so the franchisees hiring fewer people is maximizing shareholder value even if indirectly.
Sorry, the best they can do is triple prices because they want to give the appearance of being “premium”.
Oh and those kiosks I’m sure are provided by a company run by someone on the Board, and cost multiple thousands for something that could be done with a $500 touchscreen and a Raspberry Pi.
And software run by yet another provider on the Board that has a dev team comprised of everyone’s nephew trying to use AI to vibe code it.
“Cronyism and self-dealing in my laissez-faire capitalism?”
It’s more likely than you think.
Personally I’d rather they keep the same number of employees and just work less hard. Fast food workers seem to have way too much to do for their pay scale. They should take the pay from the absurdly overpaid upper management, though.
Oh…oh you must be new here. And by “here” I mean Earth.
HA you’re going to pay MORE and have to do more work. slave…