The fast-food industry is facing a MAJOR reckoning. Mediocre chains (BK, Arbys, Sonic, KFC etc) will likely close thousands of locations in 3-5 yrs

Fast food lost its "cheap and convenient" appeal. $14 for a quarter pounder meal? Lower class is priced out. Middle+ class will pay an extra $4 to get a sit-down meal at a more upscale place. McDonalds isn't the best example because they are doing well, but you get the point.… — combatoverride switch (@combatoverride) …

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“Final nail in the coffin.” 91-year-old owner forced to close iconic Hollywood Arby’s over California’s $20 minimum wage

The iconic Hollywood Arby’s location on Sunset Boulevard recently closed its doors after more than five decades in business. The closure was attributed to a combination of factors, including the pandemic, low foot traffic, rising food costs, and California’s $20-an-hour minimum wage. The restaurant’s general manager, Gary Husch, stated that the minimum wage increase was …

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