Inc (April 19)
“The fast food business encourages fast thinking. Competitors strategize quickly in order to gain that extra percentage of margin, the chance to bite a tiny morsel out of their rivals. This leads them easily into going one way and then veering in the opposite direction. Perhaps one shouldn’t be surprised, then, at McDonald’s suddenly deciding it’s not quite as fancy as it promised to be.” After drifting upscale, it’s now “going another way” and simplifying its menu offerings.
Tags: Competitors, Fast food, Fast thinking, Margin, Menu, Rivals, Simplifying, Strategize, Upscale
New York Times (September 1)
“In the decade from 2002 to 2012, wages have stagnated or declined for the entire bottom 70 percent of the wage ladder.” Last Thursday “thousands of fast-food workers in 60 cities walked off their jobs, the latest in an escalating series of walkouts by low-wage workers demanding higher pay and the right to organize without retaliation.” The workers are seeking $15 an hour, up from their present $9. In demanding more reasonable wages, “the fast-food strikers have it right.”“In the decade from 2002 to 2012, wages have stagnated or declined for the entire bottom 70 percent of the wage ladder.” Last Thursday “thousands of fast-food workers in 60 cities walked off their jobs, the latest in an escalating series of walkouts by low-wage workers demanding higher pay and the right to organize without retaliation.” The workers are seeking $15 an hour, up from their present $9. In demanding more reasonable wages, “the fast-food strikers have it right.”
