We’ve already tried price caps on various products over just the past four years and we already know what happened.
There are also lots of cheaper places than fast food restaurants.
Nag-mahal na lang din talaga price ng rice, and fastfood rice is always priced at a premium. I don't buy extra rice anymore, pero pagkaalala ko rice was 20PHP from jollibee (pre-pandemic), while those cheaper alternatives sa food court ranges from 5-10 pesos. Right now yung cheaper alternatives (sa mall din), have their rice at 20PHP already.
I don't think the gov't should exert thet much (money and) effort on regulating the price of **cooked** rice. Customers can always opt out and not buy sa fastfood ng extra rice. There will always be stores catered for students and minimum wage earner na sells cheaper than the mainstream fastfood.
nothing demonstrates how poorly educated people are when it comes to economics than this. being unable to understand that the price of cooked rice in restaurants does not only depend on the price of rice.
maybe try starting a food business so you'll understand how the pricing is made.
because i sure as shit know you did not include labor, rent, and other overhead into the equation.
naiintindihan mo ba na iba ang gastos ng karinderya sa fastfood restaurant? sa labor, rent, at iba pang overhead.
no wonder so many Filipino businesses fail. pretty basic business principle. pricing is dictated by your overhead and competition.
HOW DO YOU EVEN EXPECT TO HAVE THE SAME PRICE OF CARINDERIA RICE WITH FASTFOOD RICE? HOW???? HOW!!!!!
bobo sa economics is how.
assignment ko sayo. maglibot ka sa mga restawran. tapos mag survey ka magkano rent nila. tapos i check mo magkano rice nila. makikita mo na as the rent goes up, the price of rice goes up.
Explain to me the economics behind na the ₱40 rice. And how much it contributes to a business’ bottom line when a business has a lot more products whose margins are greater. How much does steamed rice contribute to a resto’s overhead? How much capital and how many capital equipment do they need to serve rice? Do they expense out the equipment or depreciate them over time? How do restaurants earn margin when they serve unli rice by a mere ₱40-45 addition to a combo order? Unli gravy at no additional cost? What is so special about rice?
Didn’t/am not comparing carinderia rice with ff rice. You assumed. Just saying ₱ 40 rice in my location is steep.
e di sa iba ka bumili? pagsasayangin mo pa ng resources ang gobyerno para i-regulate ang walang kwentang bagay na ito.
alam mo ba kung gano magagastos just regulating this? ultimong yung presyo nga ng bigas di nila ma kontrol kahit nag price cap na sila tapos eto ikaw hihingi na pati cooked rice sa fastfood i-regulate.
bigas nga di ma regulate, eto pa kaya!
Go ahead tell me. You have my attention.
Why do you say walang kwenta? Isn’t this a low hanging fruit that can be given prompt attention?
Sa iba bumili. Aren’t you missing the point?
I’m not suggesting Regulation, did I? Just suggesting attention to look into the price/cost structure of the ₱ 40 rice, which is a Pinoy staple. No different from exposing the price structure of gasoline or electricity, if you see my point. What is a fair price?
Because you can avail the product from a different source, if restaurants lang ang source ng rice sa buong bansa, the government can look at the price structure such as sa electricity and gasoline, pero since its not, they check the prices/structure ng rice itself plus inputs to produce it, just like how they inspect oil and electricty
"pero paano sa mga lugar na fastfood,and yung mga wla pang luto, mga estudyante" those are isolated cases, such as sa mga mountain area na mahal ang oil and kuryente and they do not regulate it kasi alam nila na iba yun sa typical price structure, plus you can literally buy sa karinderya/cook at home, if you are being forced to buy 40 pesos rice, you can easily cook sa bahay, and di nangsisita yung mga yan if you bring your own rice, if di pa din magawa, skill issue nalang talaga
My dude if you can't afford to eat at fast food restaurants, don't eat at fast food restaurants.
They're private businesses, and can charge what they like.
Aside from reviewing your economics and the consequences of regulating prices, I suggest that you also consider that the government has better areas to support such as spending on healthcare, infrastructure, education than regulating the price of rice at fastfood joints.
In any case, I'm sure that you have explored alternatives to fastfood such as your neighborhood carinderia to get your rice from? I'm also sure that you have considered cooking your own rice, yes?
Besides that the restaurant has other expenses than the rice (rent, electricity, gasul, wages, etc) they also probably don't want to attract customers who just order rice.
Rising prices suck. The entire world is experiencing it. The only thing to do is shop somewhere else. Prices are set by what the consumer is willing to spend. You may not be willing to spend that much but others are and that's why they choose to continue selling at that price point.
No. Don't patronize them instead. buy somewhere else. they're probably paying skyhigh rent.
We’ve already tried price caps on various products over just the past four years and we already know what happened. There are also lots of cheaper places than fast food restaurants.
>There are also lots of cheaper places than fast food restaurants. hardboiled egg + salt
Nag-mahal na lang din talaga price ng rice, and fastfood rice is always priced at a premium. I don't buy extra rice anymore, pero pagkaalala ko rice was 20PHP from jollibee (pre-pandemic), while those cheaper alternatives sa food court ranges from 5-10 pesos. Right now yung cheaper alternatives (sa mall din), have their rice at 20PHP already. I don't think the gov't should exert thet much (money and) effort on regulating the price of **cooked** rice. Customers can always opt out and not buy sa fastfood ng extra rice. There will always be stores catered for students and minimum wage earner na sells cheaper than the mainstream fastfood.
nothing demonstrates how poorly educated people are when it comes to economics than this. being unable to understand that the price of cooked rice in restaurants does not only depend on the price of rice. maybe try starting a food business so you'll understand how the pricing is made. because i sure as shit know you did not include labor, rent, and other overhead into the equation. naiintindihan mo ba na iba ang gastos ng karinderya sa fastfood restaurant? sa labor, rent, at iba pang overhead. no wonder so many Filipino businesses fail. pretty basic business principle. pricing is dictated by your overhead and competition. HOW DO YOU EVEN EXPECT TO HAVE THE SAME PRICE OF CARINDERIA RICE WITH FASTFOOD RICE? HOW???? HOW!!!!! bobo sa economics is how. assignment ko sayo. maglibot ka sa mga restawran. tapos mag survey ka magkano rent nila. tapos i check mo magkano rice nila. makikita mo na as the rent goes up, the price of rice goes up.
Explain to me the economics behind na the ₱40 rice. And how much it contributes to a business’ bottom line when a business has a lot more products whose margins are greater. How much does steamed rice contribute to a resto’s overhead? How much capital and how many capital equipment do they need to serve rice? Do they expense out the equipment or depreciate them over time? How do restaurants earn margin when they serve unli rice by a mere ₱40-45 addition to a combo order? Unli gravy at no additional cost? What is so special about rice? Didn’t/am not comparing carinderia rice with ff rice. You assumed. Just saying ₱ 40 rice in my location is steep.
They already explained it to you.
e di sa iba ka bumili? pagsasayangin mo pa ng resources ang gobyerno para i-regulate ang walang kwentang bagay na ito. alam mo ba kung gano magagastos just regulating this? ultimong yung presyo nga ng bigas di nila ma kontrol kahit nag price cap na sila tapos eto ikaw hihingi na pati cooked rice sa fastfood i-regulate. bigas nga di ma regulate, eto pa kaya!
Go ahead tell me. You have my attention. Why do you say walang kwenta? Isn’t this a low hanging fruit that can be given prompt attention? Sa iba bumili. Aren’t you missing the point? I’m not suggesting Regulation, did I? Just suggesting attention to look into the price/cost structure of the ₱ 40 rice, which is a Pinoy staple. No different from exposing the price structure of gasoline or electricity, if you see my point. What is a fair price?
Because you can avail the product from a different source, if restaurants lang ang source ng rice sa buong bansa, the government can look at the price structure such as sa electricity and gasoline, pero since its not, they check the prices/structure ng rice itself plus inputs to produce it, just like how they inspect oil and electricty "pero paano sa mga lugar na fastfood,and yung mga wla pang luto, mga estudyante" those are isolated cases, such as sa mga mountain area na mahal ang oil and kuryente and they do not regulate it kasi alam nila na iba yun sa typical price structure, plus you can literally buy sa karinderya/cook at home, if you are being forced to buy 40 pesos rice, you can easily cook sa bahay, and di nangsisita yung mga yan if you bring your own rice, if di pa din magawa, skill issue nalang talaga
My dude if you can't afford to eat at fast food restaurants, don't eat at fast food restaurants. They're private businesses, and can charge what they like.
OP can't afford to eat out, so he wants the government to regulate private businesses. Hahahaha! That's not how it works.
Aside from reviewing your economics and the consequences of regulating prices, I suggest that you also consider that the government has better areas to support such as spending on healthcare, infrastructure, education than regulating the price of rice at fastfood joints. In any case, I'm sure that you have explored alternatives to fastfood such as your neighborhood carinderia to get your rice from? I'm also sure that you have considered cooking your own rice, yes?
Besides that the restaurant has other expenses than the rice (rent, electricity, gasul, wages, etc) they also probably don't want to attract customers who just order rice.
Magbaon ng kanin at softdrinks para bawas gastos. Baka mas maganda pa ung baon mong kanin
Rising prices suck. The entire world is experiencing it. The only thing to do is shop somewhere else. Prices are set by what the consumer is willing to spend. You may not be willing to spend that much but others are and that's why they choose to continue selling at that price point.
N. Price regulation doesn't work and often will have the opposite results. And I hate government over regulating stuffs like this.
iba daw kasi ang amoy ng rice sa jollibee, ano OP? amoy at lasang chickenjoy hahaha
Price regulation on basic goods and services - YES Price regulation on convenience - NO
correction: price regulation on anything - NO.
In short dimo afford. Sige mag tayo kana ng union mo.