Former McDonald’s CEO: Inflation is driving every US restaurant ‘absolutely crazy’

McDonald’s is one of the companies feeling the heat of inflation, forcing the franchise to raise their prices. 

Former McDonald’s USA CEO Ed Rensi argued that inflation is driving every restaurant in the United States “absolutely crazy,” and that the price of products has gone up “substantially.”

“Portion sizes are shrinking. Prices are going up. It’s just insane what’s happening in the restaurant industry,” Rensi told “Cavuto: Coast to Coast” Friday. 

INFLATION HITS MCDONALD’S ON FOOD COSTS, LABOR

“It’s also true of every other small business,” Rensi said. “They’re all suffering terribly from this federal inflation.”

McDonald’s says inflationary pressures will stick around in 2022 after profits and sales fell short of estimates.

In the U.S., the Golden

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McDonald’s, Other Chains Are Striving to Use Teenagers With Labor Lack

  • An Oregon McDonald’s is hunting to hire young teenager staff.
  • Other chains have turned to recruit minors as the labor shortage carries on in quick food stuff.
  • Some places to eat all-around the US have had to close their eating rooms about lack of employees.

A McDonald’s in Medford, Oregon, has a banner out front advertising that it is employing 14- and 15-yr-previous staff.

“There are always staffing difficulties, but this is unheard of,” the Biddle Street restaurant operator, Heather Coleman, explained to Insider. She explained the predicament is one of a kind in her family’s 40-yr background functioning McDonald’s franchises.

The young workers have been “a blessing in disguise,” Coleman mentioned. “They have the travel and get the job done ethic. They get the technologies. They capture on definitely immediately.”

Whilst increasing the minimum wage to $15 didn’t carry in as lots of applicants

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