The prices of the Wendy's baconator have risen and people have taken to tik-tok to talk about the inflation of prices of the baconator. While it appears based on price listings that the claim of a $14 baconator is exaggerated it still is clear that the prices are higher than they have been in the past, but people in the comments have taken to a discussion of how the prices have changes but their wages have not.
It is interesting seeing how people have taken to talking about the economy over different social media platforms as a way to spread information and discuss things like inflation and wages. I am curious to see how platforms like tik-tok and discussion about this will impact the economy if at all because many companies may not see posts like these at all or if they do ignore them and write them off as just whining about little things when they may actually be a much bigger deal and paying attention to what people say could help some companies tremendously with getting more workers with better work ethic,
With social media news gets spread fast, which means things are always changing as we keep learning. The more something is talked about online, the more attention it gets. This lets companies knew if the attention they are getting is good or not and what their consumers want. Whether the company listens and takes action is another thing though.
ReplyDeleteSocial media has the tendency for over hyping certain news, while ignoring others. However, it does give people an idea of what is happening in the world which influences consumer decisions which I believe is beneficial to the economy. But a large amount of this information can be sometimes fictitious which causes more harm than good.
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