- cross-posted to:
- economy@lemmy.world
- business@lemmy.world
- cross-posted to:
- economy@lemmy.world
- business@lemmy.world
McDonald’s on Thursday reported mixed quarterly results as its U.S. same-store sales fell for the second straight quarter, posting their largest domestic decline since the onset of the Covid pandemic.
McDonald’s U.S. same-store sales shrank 3.6% as the chain faced bad weather and a more cautious consumer. That drop is the worst in McDonald’s home market since the 8.7% plunge during the second quarter of 2020, when states imposed lockdowns to slow the spread of Covid.
Analysts surveyed by StreetAccount were expecting the company to report domestic same-store sales declines of 1.7% for the first quarter.
Also fast food used to be cheap, now most Americans complain it’s getting ridiculously expensive. And this was happening before dumb Trump took over.
Nothing is cheap anymore.
Hunter Thompson’s book “Hell’s Angels” was published in 1967. At the time, the author pointed out that a biker could work six months as a Union stevedore and earn enough to live on the road for two years. In those days a part time waitress could make enough to support herself and her boy friend.
In the early 80’s my mom left my abusive father, with 3 kids in tow, and managed to buy a (shitty) car, rent a (shitty) house, and feed all three of us with a waitress job at Golden fucking Corral (paying for child care while she was at work, too!), and all the while not getting a dime in support from dear alcoholic dad. It wasn’t easy but it was possible. That’s no longer true.
I have watched the world become impossible for younger people to thrive in, and it’s really depressing.
At this point you need to have hope everything breaks.
It’s really important to have these kinds of abilities in order to have a functioning society as well. In the current situation, everything has to go perfectly for children to even have a mediocre upbringing. Their mom and their dad have to both be pretty well-educated and work jobs good enough to afford the increasingly out of control costs of living.
If a single parent has the ability with a mediocre job to fund a decent household, it makes it much easier to bear the usual societal ills such as one or the other parent not being dependable.
Sad and true.