Historic McDonalds closes after 30 years

Another one bites the dust in Joe Biden's economy! This time it was a historic McDonalds located in San Francisco. They're closing for several reasons, as reported below by RetailWire:

The franchise owner, Scott Rodrick, blamed minimum wage spikes, high property taxes, the landlord’s refusal to negotiate on the rent, and mall tenant fees as being behind the closure of the historic location.

“This is a gut-wrenching day for my family,” he said in a statement to ABC 7. “It has been a pleasure for my entire team and I to serve the 19th Avenue and Ingleside neighborhoods for more than 30 years. All of our valued team members have been offered opportunities to continue working with my restaurant company or at other nearby McDonald’s.”

This isn’t the first time that McDonald’s has had to face the repercussions of higher prices due to inflation.

Late last month, Joe Erlinger, president of McDonald’s USA, responded to the outcry on social media regarding an $18 Big Mac meal. Erlinger explained that this particular price was an isolated instance at one of the more than 13,700 locations in the U.S. He underlined that these exorbitant costs are the exception and underlined how crucial it is to give customers clear pricing information.