04 Apr 2008 10:33 am
The Burger King CEO thinks a recession could help business:
"If you look in the fast-food hamburger space," he says, "it is unfortunate for the greater economy as a whole, but we benefit from the pressure people feel from a disposable-income standpoint. People who cannot afford to go to Applebee's, cannot afford to go to Chili's, we are the beneficiaries of that squeeze."
While the foodies say it could spur healthy eating:
Along with some other critics of the American way of eating, [Michael Pollan] likes the idea that some kinds of food will cost more, and here’s one reason why: As the price of fossil fuels and commodities like grain climb, nutritionally questionable, high-profit ingredients like high-fructose corn syrup will, too. As a result, Cokes are likely to get smaller and cost more. Then, the argument goes, fewer people will drink them.