McDonald's hits all-time high as Wall Street cheers replacement of cashiers with kiosks (Mexican, illegals)
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
I go a nearby Walmart Neighborhood Markets on my way home from work. At 9:15 PM, they have 1 of 4 people registers open and 3 of 12 self check outs open and a new twist, only one of the self registers accepts or dispenses cash. This scenario plus out ever night always with long check out lines. I asked the manager why there were not more self check outs open and was told they are expensive to operate.
About 10 years ago when I was ending my career with Jack in the Box, they were experimenting with order kiosks and found that though there were savings, it was nowhere near the amounts projected.
McDonalds needs to find a way to get there Big Mac combo down to $5. That is where the price point was a year ago before they engaged in a local wave of store reconstructions. After the new store reopened, the Big Mac combo slowly incresed to $6.29, at that price point I just go to the all you can eat China Buffet next door for $6.99. MC Donald's will not recover from their side unless these kiosks result in a 25% price decrease.
I was in a McDonalds last Tuesday and was held up 20 mins while an AA woman screamed "hate crime" at the top of her lungs because her CC was declined. I am waiting for the day a kiosk gets shot up.
Clearly we should really only compare McDonalds to fellow junk food chains such as Wendy's, Jack in the Box, Burger King, etc. You just can't compare McDonalds to real burger joints. There is absolutely no comparison between the two.
Agreed - indeed one of the smartest moves by McDonalds was simply making the Breakfast All Day.
Millennials are willing to pay more for their burger and often do go to real burger joints, although McDonalds has tried to compete by introducing new fresh produce, 100% fresh locally sourced meat policy, an upmarket range itself and by introducing new burgers, based on US States in to places like the UK, as well as waitress table service, and even home deliversies. Whilst it's restaurants now look very different to the old McDonalds.
McDonalds are one of the few chains, that seem to do things very differently according to the local market they are operating in, indeed an American might not recognise many of the things on the menu in McDonalds in different parts of Europe, Japan or Asia etc.
It seems that it is paying off to some extent, and this shows in the latest profits.
Last edited by Brave New World; 06-24-2017 at 01:41 AM..
Actually I'd go even further and say, these days, technology has made it easier than ever for people without even a HS degree to make money. Youtube, instagram, etc. has made regular people who may have nothing but an opinion millionaires.
Btw, liberal arts degrees aren't inherently worthless however it does tend to attract people who only want to live and breathe liberal arts, and that's the problem. I have a liberal arts degree and do pretty well, as do many others I know.
"Btw, liberal arts degrees aren't inherently worthless however it does tend to attract people who only want to live and breathe liberal arts, and that's the problem."
I agree.
"I have a liberal arts degree and do pretty well, as do many others I know"
I don't doubt you for a minute.
The problem I see is so many on here laud a "college degree" as if it is the Holy Grail.
ANY degree is just a piece of earned paper.
An educations is great BUT, it is WHAT YOU DO WITH THAT EDUCATION that counts.
If you can't apply what you have learned, well?
Too many Liberal Arts degrees do not teach you how to do anything.
You can teach someone all day long how to drive a nail but, that does not mean they can.
You can get a business degree but, that does NOT mean you can start and run a successful business.
If you CAN'T use the "tools" taught you, it was a waste of time.
well, there's a bunch of $15/hour jobs up in a cloud of French-fry smoke.
It wasn't like nobody had a clue... well, except those believing companies wouldn't make "other arrangements" knowing a $15 minimum wage would blow their bottom line.
Sometimes you get what you wish for, and end up with nothing.
Automation/computer-kiosks in retail-outlets, will get more and more prevalent, as the technology gets more and more refined. I am a fan, not having to deal-with the average, rude
retail-drone-employee is a BIG plus for me.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
