Price of McDonald's Big Mac?
The chain's iconic Big Mac — which prompted the Economist to begin publishing its Big Mac Index as an international indicator of comparative individual purchasing power in — wasn't introduced until The Quarter Pounder didn't exist until There are 16 oz. If you've never had one, White Castle burgers are also called sliders for several reasons — not the least of which is that they're tiny.
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Like anything else, the prices for these competing products have varied by region since the beginning — so all prices below are approximate, and will vary based on your geographic location. And, some burger prices were not readily available.
Keep in mind that Wendy's didn't join the competition until — but their single patties have always weighed 4 ounces. Based on the sources available, here are approximate dollar amounts that fast-food burgers cost in the US the year you were born. Price at McDonald's: Price at Burger King: Price at White Castle: Price at Wendy's: Morelix's take: Morelix said that his number crunching assumes profits and other expenses are kept at the same absolute number.
Unfortunately, Morelix did not, as Forbes' Morgan Brennan first pointed out after publication, factor the company's franchisee model into his calculations. And that, as CJR. Update, 2: Forbes contributor Tim Worstall argues that the answer to the question is simple: The cost of a Big Mac--at least to consumers--probably wouldn't go up at all. In order to remain compeditive with rivals on price, the company, as economist Adam Ozimek pointed out earlier this week , would probably find a way to keep overall labor costs in check, most likely by reducing the number of workers and introducing more automation--think ATMs in the banking industry.
This wage hike is, it should go without saying, entirely hypothetical. McDonald's has not indicated that it'll be raising worker pay as a result of this week's strike; Forbes has reached out to the chain for comment and will update this post with a response.
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We know less than you might think. It's outside the range of experience.
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