McDonald's Dollar Menu: Latest Casualty of Economic "Boom"
McDonald's CEO admits low-income visits dropped 'double digits' since surging food prices made that 'Dollar Menu' a cruel joke. While the media laments higher burger costs, they conveniently sidestep the systemic wealth extraction. Just last year, McDonald's announced a $10 billion stock buyback program, funneling profits directly to shareholders rather than stabilizing prices or raising wages.
The average McDonald's CEO-to-worker pay ratio is 1,223 to 1. It appears corporate executives can afford to buy an entire Dollar Menu. So, as inflation hits record highs and real wages stagnate, the McDonald's Dollar Menu becomes just another luxury item. How many 'price rises' does it take before we question who truly benefits from this 'booming' economy? Perhaps the next financial report should
include a tragic breakdown of how many children went to bed hungry because a McDouble costs more than a livable wage.