ECONOMY & WORK
MONEY 101
NEWS
PERSONAL FINANCE
NET WORTH
About Us Contact Us Privacy Policy Terms of Use DMCA Opt-out of personalized ads
© Copyright 2023 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.
MARKETREALIST.COM / ECONOMY & WORK

New McDonald's Chicken Nuggets Deal Fails to Impress Customers who Blame Wage Hikes for Prices

The meal bundle which includes two large fries and 40 chicken McNuggets costs close to $25.39 and with sales tax, the total is around $27.
PUBLISHED APR 28, 2024
Cover Image Source: Facebook/McDonald's India
Cover Image Source: Facebook/McDonald's India

At a time when food prices are rising, people are looking for more deals on meals when they are out eating at a restaurant or fast food chain. Among them McDonald's has just dropped the new deal on Chicken McNuggests, after it failed to make the customers happy. According to TikTok user @Shannon_Motipaya, the brand new 40-piece Chicken McNugget meal bundle includes two large orders of fries. But the meal bundle which includes two large fries and 40 chicken McNuggets costs close to $25.39 and with sales tax, the total is around $27.

Corey Dunkin enjoys some McNuggets at McDonald's | Getty Images | Photo by James D. Morgan
Corey Dunkin enjoys some McNuggets at McDonald's | Getty Images | Photo by James D. Morgan

"OK, so it’s $25.39f or 40-piece nuggets and two large fries," she said in the TikTok video."You couldn’t even throw in the Sprite? You couldn’t even throw in, like, a medium Sprite in there? Holy crap!" 

As per a recent study by FinanceBuzz McDonald's prices have increased by more than 100% this year. In 2014, the average price of a 10-piece Chicken McNugget meal, which included 10 Chicken McNuggets, a medium order of fries, and a medium fountain drink was $5.99. That price has grown and become somewhere around $11 today. However, the company said that this report does not accurately represent its restaurant prices and said the listed 2024 average prices are significantly inflated. 

Shannon's video now has more than 2 million viewers and upwards of 5,000 comments, and many people took to the comment section to talk about the exorbitant prices. "Remember when 40 pieces of nuggets were $5 and a large drink was $1," a user named miss.007 wrote. Another user CentralXXX wrote, "And it's only going to get worse. Welcome to California!"

The Golden Arches logo of the fast food restaurant McDonald's is illuminated above the door, on November 18, 2023 in Bristol, England. Founded in 1940, American multinational fast food chain McDonald's Corporation, best known for its Big Mac hamburgers, cheeseburgers and french fries, is the world's largest fast food restaurant chain.|Getty Images| Photo by Matt Cardy
McDonald's | Getty Images| Photo by Matt Cardy

Many users in the comment section seemed to blame California's wage increase for the price hikes. However, one user writes, "To the people blaming it on California...I'm in Utah, the state minimum is still $7.25, and this meal costs $25.56 here." Back in November, the CEO of McDonald's, Chris Kempczinski said that the company was planning to increase prices in the wake of the wage increase. They also planned to cut restaurant costs and improve productivity.

"There will certainly be a hit in the short-term to franchisee cash flow in California," Kempczinski said. "Tough to know exactly what that hit will be because of some of the mitigation efforts. But there will be a hit."


@shannon_montipaya … maybe even a small that two people can share? This is McFlation #mcdonalds ♬ original sound - ✨ Shannon ✨

 

The fast food chain has been the subject of many viral videos where social media users have complained about the high cost of eating there. But it's not just McDonald's that is currently raising prices. Back in November, Chipotle also raised prices by a "mid-to-high single-digit" in California. Chipotle CEO Brian Niccol said, "The [Chipotle] brand is very strong and the value proposition is very strong, and we have that pricing power to use," Niccol told investors during the call. As per price data tool Pricelisto, fast food menu prices have jumped about 13% in 2022.

For more such content follow @Shannon_Motipaya on TikTok.

MORE ON MARKET REALIST
The company is doing whatever it can to stay ahead of its competitors in the field of AI.
1 hour ago
Industry leaders warn that the Iran conflict could push fertilizer costs higher and eventually drive food inflation.
1 hour ago
This could lead to domestic migration of the wealthy from the state before the law takes effect
1 hour ago
Karoline Leavitt says it won’t affect married women, but critics argue name-change documentation could create new barriers.
2 hours ago
As regulators tighten rules and refineries shut down, the Golden State, also known as the ‘fuel island’, grapples with extremely high gas prices.
19 hours ago
The answer isn't clear yet, but early signs point to his policy backfiring in a bad way.
20 hours ago
Find out how to identify the affected products and what steps to take.
20 hours ago
From skipping meals to avoiding driving, Americans have been backed into a corner financially.
21 hours ago
The company followed the likes of Block and Oracle in axing thousands of jobs.
21 hours ago
In the end, it all came down to luck, and the contestant simply did not have that.
21 hours ago
US consumers could witness another wave of inflation in March despite the IEA releasing oil reserves
1 day ago
There are safeguards to the use of the technology but day-to-day activities are allowed.
1 day ago
The contestant came quite close to winning but it was not to be.
1 day ago
A budget watchdog has sounded the alarm, warning that this would not be sustainable.
2 days ago
Multiple states are taking part in testing programs to ensure that the dream becomes reality soon.
2 days ago
Homeowners are going for adjustable mortgage rates in record rates, reminiscent of the 2008 crisis.
2 days ago
The contestant’s win was impressive, as the game she played is not easy to get right.
2 days ago
The contestant was just happy to be on the show but a surprise win made her experience even better.
2 days ago
People are already struggling with affordability and the war could make things a lot worse.
2 days ago
If consumed, the products could pose serious health risks to some people.
3 days ago