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News@lemmy.world · 1 month ago

McDonald’s CEO is grappling with a ‘two-tier economy’ as he slashes prices on value meals—and signals backing for a minimum wage increase

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McDonald’s CEO is grappling with a ‘two-tier economy’ as he slashes prices on value meals—and signals backing for a minimum wage increase

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News@lemmy.world · 1 month ago

cross-posted to:
[email protected]

“Particularly with middle- and lower-income consumers, they’re feeling under a lot of pressure right now,” Chris Kempczinski said on CNBC.

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1 month ago
Food in general is high value food now. Anyone not in the wealth holding class is considered second rate and irrelevant.

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