Everything can be compared to the basic ( water - flour - milk - eggs - chicken )
If a chicken is 10$ and full roasted chicken is 12$ and a burger is 15$ you know it is a scam.
If 1 kg of flour is 2$ but a small piece of bread is 7$ you know it’s a scam…
Coffee is a good example, single origin roasted coffee beans with 300gm is 17$ you can get 15 cup of it. That’s rounds up to 1$ per coffee cup. If you the coffee in a store cost more than 2$ you know it’s a scam. But you can take into account other expenses ( staff - settings - experience) and decide based on that
If 1 kg of flour is 2$ but a small piece of bread is 7$ you know it’s a scam…
This is ignoring labor costs and possible artisan experience, depending on where you buy bread. Also funny because paying $2 for a kg of flour would be a crazy scam; that’s more expensive than even the some of the fancier flour brands, which already 3x base price
Yes and no. Labor costs are being ignored, but they’re not all that significant. If you add in even a relatively high minimum wage, the cost blurs out with any volume. Whether you cost them $7 for an hour or $14 is just the difference of a single wasted meal at current prices.
Profit and Loss sheets are messy. They’re paying back of house, front of house, a manager, power, maintenance and rent, but then they’re making dozens of meals an hour. They’re paying 1/10 of the cost for raw ingredients.
Herein lies the rub:
In 2018, a fast food meal at a number of places for 4 ran about $30-$40; currently, it’s closer to $60.
Tacobell still sells a meal for less than $7 with a drink and enough food to satiate an obese II adult. It’s gone up maybe $1.50 since 2018.
Selection and quality have gone down. Most places have been understaffed since covid, they’re paying less in wages, value menus are disappearing.
It would seem that a bunch of places took opportunities to raise their prices until the lines dissapeared. I remember a time, not long ago, if you went to a drive-through around dinner, you were going to be there for a while. McDonalds put in second lanes in most stores to handle the load.
I don’t think I’ve been in a fast food line with more than 2 cars in a few years.
Wow there is so much wrong with your statement I don’t even know where to begin. I’m just going to stay at the obvious that you can still obviously feed a family of four for $40 or less. I know that because I have a family of four and weed out a lot and I’m very aware of pretty much all of the fast food costs. Well yes there are some that can definitely be $50 $60 or more I can definitely buy meals for everybody to be satiated for $40 or less even. Hell when I’m trying to save money I can’t even go a little as low as 20 bucks at a number of different places. And also I’m a business owner and so there are a ton of cost involved besides labor as you mentioned there and the cost of raw materials for food is definitely higher than 1/10 of the cost of what the food is itself. Usually you’re dealing with maybe 20 to 30% and that is being spread over the cost of everything else included there.
If you have no storage space anywhere, it obv won’t work for you.
I buy a bag, split it into gallon ziplock bags, and store it in a Behren’s can (galvonized metal, pest proof) in my basement, refilling my small pantry containers. I also have 40 lbs of pizza flour and a 25 lb bag of rice.
I make my own pancakes, waffles, rice-a-roni, pizza, calzones, there are zero mixes in the house.
Everything can be compared to the basic ( water - flour - milk - eggs - chicken )
If a chicken is 10$ and full roasted chicken is 12$ and a burger is 15$ you know it is a scam.
If 1 kg of flour is 2$ but a small piece of bread is 7$ you know it’s a scam…
Coffee is a good example, single origin roasted coffee beans with 300gm is 17$ you can get 15 cup of it. That’s rounds up to 1$ per coffee cup. If you the coffee in a store cost more than 2$ you know it’s a scam. But you can take into account other expenses ( staff - settings - experience) and decide based on that
This is ignoring labor costs and possible artisan experience, depending on where you buy bread. Also funny because paying $2 for a kg of flour would be a crazy scam; that’s more expensive than even the some of the fancier flour brands, which already 3x base price
His whole argument ignores labor costs.
Yes and no. Labor costs are being ignored, but they’re not all that significant. If you add in even a relatively high minimum wage, the cost blurs out with any volume. Whether you cost them $7 for an hour or $14 is just the difference of a single wasted meal at current prices.
Profit and Loss sheets are messy. They’re paying back of house, front of house, a manager, power, maintenance and rent, but then they’re making dozens of meals an hour. They’re paying 1/10 of the cost for raw ingredients.
Herein lies the rub:
In 2018, a fast food meal at a number of places for 4 ran about $30-$40; currently, it’s closer to $60.
Tacobell still sells a meal for less than $7 with a drink and enough food to satiate an obese II adult. It’s gone up maybe $1.50 since 2018.
Selection and quality have gone down. Most places have been understaffed since covid, they’re paying less in wages, value menus are disappearing.
It would seem that a bunch of places took opportunities to raise their prices until the lines dissapeared. I remember a time, not long ago, if you went to a drive-through around dinner, you were going to be there for a while. McDonalds put in second lanes in most stores to handle the load.
I don’t think I’ve been in a fast food line with more than 2 cars in a few years.
Wow there is so much wrong with your statement I don’t even know where to begin. I’m just going to stay at the obvious that you can still obviously feed a family of four for $40 or less. I know that because I have a family of four and weed out a lot and I’m very aware of pretty much all of the fast food costs. Well yes there are some that can definitely be $50 $60 or more I can definitely buy meals for everybody to be satiated for $40 or less even. Hell when I’m trying to save money I can’t even go a little as low as 20 bucks at a number of different places. And also I’m a business owner and so there are a ton of cost involved besides labor as you mentioned there and the cost of raw materials for food is definitely higher than 1/10 of the cost of what the food is itself. Usually you’re dealing with maybe 20 to 30% and that is being spread over the cost of everything else included there.
Or less fancy commercial flour 25lbs for less than $10 from Costco.
Yeah, but where am I gonna keep that much flour in my tiny kitchen?
If you have no storage space anywhere, it obv won’t work for you.
I buy a bag, split it into gallon ziplock bags, and store it in a Behren’s can (galvonized metal, pest proof) in my basement, refilling my small pantry containers. I also have 40 lbs of pizza flour and a 25 lb bag of rice.
I make my own pancakes, waffles, rice-a-roni, pizza, calzones, there are zero mixes in the house.
Yeah, I’ve got 800 sqft in my place and 7ft ceilings to deal with. It’s a galley kitchen that’s just barely wide enough to open the oven door.
Poverty is expensive. I’d love a bigger house.
Flour is worth an entire cabinet or shelf. One of the cheapest ways to eat possible
Sure, lemmie just replace my beans
Case in point. If you’re buying a 2 pound flour bag you’re scamming yourself lol