this post was submitted on 31 May 2024
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A Boring Dystopia
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That chart is evil. First two ticks represent 5 years. Ticks 2-3 represent 2 years. The last two ticks represent 2 1/2-3 years!
Also, what's so magical about 2014 that it deserves to be the baseline? I'd love to see this extended back to, oh, 2006 or so. Sometime before the Great Recession.
Finally, what about shrinkflation? I used to order from Panera on a regular basis, but during the pandemic, it seemed like their sandwiches shrank a little bit more between every order. At this point, I don't think it's even worth ordering from them.
Not to mention that a huge number of these businesses are locally owned franchises, where the parent corporation has less control over menu prices.
Many franchises are bound by a specific cost structure and predefined distribution.
And most franchises are required to purchase their raw ingredients from the parent corporation, which means that even if they choose to be flexible on their prices their baseline costs are still set by a global conglomerate.