Industrialization in the restaurant industry has lowered prices for consumers year after year ever since the first White Castle opened in 1921, signaling the beginning of the industry, and definitely since McDonald’s debuted in the early 1940s.
Now though, more than a century after fast food was born, raging inflation has made what was once an affordable option for everyone, considerably less so. And with roughly 61% of Americans living paycheck to paycheck as of April 2022, a more than nine percentage point jump compared to a year ago, that’s a problem. Click here to read the full article.
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