| I mean it's a known fact in that there are published articles that calculate the fully loaded cost of a (the most discounted) fast-food meal and compare it to the fully loaded cost of buying ingredients and preparing it. The economics all look great- about 10-30% cheaper for raw costs- except that the articles also include costs to prepare the meal (time cost, resource cost of fuel) and cleanup (time cost and often more garbage/cleanup). also, the article that were published were mostly published about a decade ago, when the prices for fast food were a lot lower. This changed in the past few years as fast food prices went up a lot, even more than inflation on basic goods. I typically don't include citations because nobody is here on hacker news to argue about the finer details of academic studies that carefully control for all the factors, and most of us don't have the time and inclination to read the studies in details to see where the problem lie. Instead, we build generalized models of the world that incorporate a great deal of different data and use those to explain our observations to others. My own model is based on 30+ years of shopping and preparing my own food at home, as well as working in fast food (MCDonald's), talking to franchise owners (always an interesting perspective into how McDonald's works), and regular restaurants. Note: I live in California, a state with a different economic distribution than any other state in the country (with New York and Texas being the closest comparable states in terms of wealth distribution, relative prices of groceries and fast food, amounts of transportation required to obtain food, etc). Some people I know hunt for their own food- they enjoy the sport and it produces enough meat for a family to eat in a year! Obviously, that's a case where fast food isn't really cheaper. |
My local McD's: $6.39 My local Safeway (not a budget option, no sales, you can do better than all of this): 1 1/4 lb beef patty $1.69, 1 slice cheddar cheese $0.37, 1 hamburger buns $0.22 = $2.28, misc condiments are negligible but let's say $0.25 total = $2.53
That's less than half the cost. The time and resources cost of frying that patty in a skillet and throwing it on a bun with cheese and ketchup comes nowhere close to doubling that, it's not even close.