Business, Economics, and Taxes: Capitalism. Yay? >=(

[mookie1995]

Yeah, our hires in our dept have been coming in 1-2 PAY GRADES above me with less experience. I've been so fucking angry.

and how does one define insanity???

 

[ScoobyDoo]

I understand it just fine - there's no loyalty anymore. That ended when pension plans and traditional health insurance were consigned to the dustbin of history. It's the American worker who doesn't seem to get it.

Training new employees in, and having your trained employee walk out the door costs money. It makes no sense.

 

[LynahFan]

Training new employees in, and having your trained employee walk out the door costs money. It makes no sense.

It does when the managing director’s bonus is tied to next quarter’s result and he wants to remodel his kitchen. Slash the payroll, game the numbers for a quarter, and let your replacement worry about the long-term detriment to the company.

 

[Kepler]

It does when the managing director’s bonus is tied to next quarter’s result and he wants to remodel his kitchen. Slash the payroll, game the numbers for a quarter, and let your replacement worry about the long-term detriment to the company.

Which is why workers should own their place of business. It's the only way to have real skin in the game.

 

[ScoobyDoo]

It does when the managing director’s bonus is tied to next quarter’s result and he wants to remodel his kitchen. Slash the payroll, game the numbers for a quarter, and let your replacement worry about the long-term detriment to the company.

Agreed. It's a fucking stupid system for fucking stupid people.

 

[Kepler]

Agreed. It's a fucking stupid system for fucking stupid people.

Like Capitalism, it's a brilliant system for greedy people. It's just awful for everybody else.

 

[FadeToBlack&Gold]

Training new employees in, and having your trained employee walk out the door costs money. It makes no sense.

It really depends on the company, the level of specialization and training the role requires, whether or not the role has a clearly defined career progression within your firm, and even soft skills that are less trainable. The thing is, the vast majority of people eventually leave anyway, whether they stay for 6 months or 6 years. The key is to focus your time and effort on avoiding the former as much as possible - quick turnovers are your most costly hires.

 

[ScoobyDoo]

Like Capitalism, it's a brilliant system for greedy people. It's just awful for everybody else.

Speaking of Capitalism.

Starbucks is raising prices after reporting a 31% increase in profits. The company’s revenue increased by almost 20% to over $8,000,000,000. Their CEO’s pay increased by almost 40% last year to more than $20,000,000.

Do not be fooled. This is about corporate greed. It always is.

https://twitter.com/RBReich/status/1494027766957678597

I own a coffee company which imports, roasts and sells coffee wholesale and retail. We haven't raised prices in over two years and we're a hell of a lot smaller than Starbucks. This is price gouging.

https://twitter.com/RebelYell409/status/1494066074626797573

 

[mookie1995]

Fuck, Russia and the US are playing back and forth with each other now just to watch oil hit $100/barrel.
all’s fair in love and war :<\

 

[aparch]

But Biden controls the oil prices! [/SpongeBob Font Meme]

 

[RaceBoarder]

Speaking of Capitalism.



https://twitter.com/RBReich/status/1494027766957678597



https://twitter.com/RebelYell409/status/1494066074626797573

That's the thing though with the volume these mega-retailers do. A place like Starbucks can increase the price of everything by a nickel and make $TEXAS in additional profits. But to many consumers that increase is minimal when seen by itself.

So companies turn around and do it again... And again... And AGAIN!

This continues until there is a mass revolt from consumers. Unfortunately consumers are currently like the frogs in the boiling water that is slowly being heated up.

 

[psych]

That's the thing though with the volume these mega-retailers do. A place like Starbucks can increase the price of everything by a nickel and make $TEXAS in additional profits. But to many consumers that increase is minimal when seen by itself.

So companies turn around and do it again... And again... And AGAIN!

This continues until there is a mass revolt from consumers. Unfortunately consumers are currently like the frogs in the boiling water that is slowly being heated up.

Switch out “consumers” with “Americans” in your last paragraph and it’s the same problem, although I guess some on here may argue they’re one and the same.

 

[RaceBoarder]

Switch out “consumers” with “Americans” in your last paragraph and it’s the same problem, although I guess some on here may argue they’re one and the same.

I don't think it's exclusive to America. Mega-retailers have their roots dug in all over the globe. Doing the same thing in India could very well have the same net gain as it would in America.

 

[Spartanforlife4]

That's the thing though with the volume these mega-retailers do. A place like Starbucks can increase the price of everything by a nickel and make $TEXAS in additional profits. But to many consumers that increase is minimal when seen by itself.

So companies turn around and do it again... And again... And AGAIN!

This continues until there is a mass revolt from consumers. Unfortunately consumers are currently like the frogs in the boiling water that is slowly being heated up.

This is also a side effect of the psychological side of inflation, sort of. Usually that’s defined on the personal/public side of the economy, but it seems to fit here on the business side. Starbucks may be seeing an increase in expenses, but they certainly aren’t hurting. However, because the public believes there’s inflation, they’re expecting prices to increase, so Starbucks might as well increase prices even if they don’t need to, thus actually creating inflation.

 

[psych]

I don't think it's exclusive to America. Mega-retailers have their roots dug in all over the globe. Doing the same thing in India could very well have the same net gain as it would in America.

You’re right. I’m sure Starbucks is doing this in places other than the US. My point was that part of the reason we’re decaying as a democracy is many of the changes in favor of authoritarianism have been subtle, or behind the scenes. Trump threw that out the window, yet, here we are, like many of us have been conditioned to believe this is the way our country’s headed, or should head. Unfortunately, it’s not just the GOP.

 

[psych]

This is also a side effect of the psychological side of inflation, sort of. Usually that’s defined on the personal/public side of the economy, but it seems to fit here on the business side. Starbucks may be seeing an increase in expenses, but they certainly aren’t hurting. However, because the public believes there’s inflation, they’re expecting prices to increase, so Starbucks might as well increase prices even if they don’t need to, thus actually creating inflation.

Behavioral conditioning: it’s a helluva drug.

 

[RaceBoarder]

This is also a side effect of the psychological side of inflation, sort of. Usually that’s defined on the personal/public side of the economy, but it seems to fit here on the business side. Starbucks may be seeing an increase in expenses, but they certainly aren’t hurting. However, because the public believes there’s inflation, they’re expecting prices to increase, so Starbucks might as well increase prices even if they don’t need to, thus actually creating inflation.

To play the devil's advocate here: $100M in profit in 2000 is equal to $163M today... So we need to acknowledge that side as well..

Think of it like $100M contracts in sports. They were shocking when they first appeared in the late 90s, but now there seems to be a $100m signing every week. It's basically common news. Same thing with movies that make $1 Billion in ticket sales. Shocking in the mid-00's. We had a few each year the last few years before COVID.

 

[dxmnkd316]

When the gap between revenue and profits widens, you (general) don't get to claim inflation.

Edit: THis wasn't directed at you RaceBoarder. Just yelling into the ether

 

[Handyman]

I mean, just dont drink Starbucks coffee...it is friggin crap. Most chain coffee is burned to the point of undrinkable anyways.

 

[dxmnkd316]

Charbucks