Photo by Eshak Angell
I am not joking. A piece on All Things Considered carries the headline on NPR’s website “McDonald’s is losing customers to inflation.” The gist of the piece is that the economy is so bad that people can no longer afford to eat at McDonald’s. Now the company is being forced to lower its prices.
Incredibly, the piece never once mentions the company’s profits. They went from $11.18 billion in the year ending in December 2019, before the pandemic, to $14.69 billion in the year ending in March...