Every job has a skill element that can be improved.
I was watching one of those travel/cooking shows, and the host was interviewing a Michelin starred chef in his kitchen. There was a guy stuffing sausage links efficiently with economy of motion, as he had done for 20+ years.
The host asked to try, and was given a chance. FAILED. The chef tried to do it himself. FAILED. The dude got back to his station and resumed his work.
Gee... in the 1950s when corps were taxed at 90% on profits, they were motivated no matter their ethics to invest in their employees. Lets just start there.
A couple logic holes, but the spirit of the argument is not lost. However, I want to point out that 1 guy earning $33 an hour at *a* Costco and milk not costing $40, does not, in any way, logically compute.
Assuming dude has been making $33/hr FOR 40 years, since day 1, after taxes, at an average of 2,080 hours a year, that’s a total of $2,059,200. So he’d have had to save half his paycheck every payday. But I also really don’t think a Costco cashier was making $33/hr in 1987, which adjusted for inflation, would be the equivalent of just over $100/hr today. As a newly hired cashier.
Yep. The reason why is because raising wages in big companies results in pennies on the dollar increases in cost of products, ASSUMING you want to let the billionaires keep their profit margins. It's called economies of scale. But the stuff this lady is talking about requires long-term views, not quarterly views. Bear in mind, also, that Costco is home to the I'LL FUCKING KILL YOU IF YOU RAISE THE HOT DOG PRICES guy. This is a company that understands these long-term brand-building...
She is both very right and a bit wrong. This is the case now because every company in the industry sector of Costco does not pay that living wage. If everyone where required to pay that living wage (Walmart, Target, Corporate Grocery Chains, etc.) then the greedy corporations/shareholders will increase prices for make sure their profit margins stay fat.
For this to really help the working class, we need living wages AND price controls on the corporations.
As someone who has been laid off four times since 2015, I would LOVE to have a single job that could persist for more than three years. But, as you know, if the number goes down, then we have to let people go.
In my professional career (2006 - current) I've only had 2 jobs that lasted more than a few years. 2006 - 2018 working for local animal shelter and 2019 - 2024 working as 3rd party contractor where locally we we're making bank but due to new corporate manglement we lost our contracts
When California was looking to increase minimum wage for fast food workers (among others), conservatives shit their pants about Big Macs being $20. Hilariously, In-n-Out was already paying all of their employees a better wage than the proposed increase, In-n-Out's food is just about the cheapest and best quality you can find in fast food, and their restaurants are staffed to bursting with quality employees. The restaurants are also clean. Go fucking figure.
Check out Wendover productions video on this over on Nebula, great 16 min video on this exactly. They also make a game show called Jet Lag the Game which is top!
Grew up in SoCal, and I always point out In-N-Out when mentioning things like this. People seem shocked when I tell them that people will happily wait 20+ minutes in a Barstow In-N-Out on a weekend because it's still far better than anything else. You don't get that without dedicated employees.
man if this aint the god damn truth. still i went to in and out recently and a burger fries and drink was like 10$ cheaper than mcdonalds, BETTER by far. many employees working. And people love it the drive thru is always packed. Good service good fast food, reasonable price. Go figure.
It’s a special “cost sharing” middle finger created by the American health insurance industry. It is extracted from anyone lucky enough to have health insurance even though the cost of that insurance is astronomical.
It’s a predetermined flat rate that is paid, no matter what, when you go into a medical office. For example, my copay for urgent care is $40 and $120 for the ER. As soon as I check in, I pay that amount regardless of future services rendered or reason for visiting.
Just started as a custodian at my high school. If I had started right after I graduated, I would have been able to retire next year and receive a pension for the rest of my life....
Former employee (13 years), pay/benefits are good but management is absolute shit now. They used to care about training people for success now its all about who's ass do I kiss to get promoted. Also a huge amount of nepotism now.
Vempire
All of this and at least a three day weekend, because fuck giving almost half of my waking hours in this single life to a company.
ErsatzLanguor
In 2008, the owner of CostCo, James Sinegal, attempted to spend $150,000,000.00USD to purchase the Seattle SuperSonics basketball team.
fknbastard
Happy birthday fact lady
69Voltage
So much truth
Dannyalcatraz
Every job has a skill element that can be improved.
I was watching one of those travel/cooking shows, and the host was interviewing a Michelin starred chef in his kitchen. There was a guy stuffing sausage links efficiently with economy of motion, as he had done for 20+ years.
The host asked to try, and was given a chance. FAILED. The chef tried to do it himself. FAILED. The dude got back to his station and resumed his work.
OobedoobScoobyDoobyBenubi
I hate how corporations are so short-sighted and only care about immediate profits instead of actually investing in people.
rugmibackward
Gee... in the 1950s when corps were taxed at 90% on profits, they were motivated no matter their ethics to invest in their employees. Lets just start there.
dtallen243
Amazing how even using all the loopholes to avoid paying 90% they still invested more in their employees than today
CaptainWARLORD
A couple logic holes, but the spirit of the argument is not lost. However, I want to point out that 1 guy earning $33 an hour at *a* Costco and milk not costing $40, does not, in any way, logically compute.
elbowdeepinawhateverthatis
Assuming dude has been making $33/hr FOR 40 years, since day 1, after taxes, at an average of 2,080 hours a year, that’s a total of $2,059,200. So he’d have had to save half his paycheck every payday. But I also really don’t think a Costco cashier was making $33/hr in 1987, which adjusted for inflation, would be the equivalent of just over $100/hr today. As a newly hired cashier.
elbowdeepinawhateverthatis
*1986, not 1987. Damn Imgur’s lack of an edit button.
codenameRadical
The people whot hink things scale that way don't actually know how anything works
00110001001110010011100000110100
"But McKinsey said we could replace our 10+ years workers with meth addicts and we would make a lot more money."
00110001001110010011100000110100
They're now down to contractual two year plans, because the don't like the liability that comes after all the cutting.
Subsound
"If we paid low wage workers, inflation would go up!"
"Its already going up."
netutoring
Yep. The reason why is because raising wages in big companies results in pennies on the dollar increases in cost of products, ASSUMING you want to let the billionaires keep their profit margins. It's called economies of scale. But the stuff this lady is talking about requires long-term views, not quarterly views. Bear in mind, also, that Costco is home to the I'LL FUCKING KILL YOU IF YOU RAISE THE HOT DOG PRICES guy. This is a company that understands these long-term brand-building...
netutoring
...strategies are worthwhile.
geekstudios
My sense is that CEOs just aren’t that bright. They excel at one thing, becoming CEOs.
DrDadJokes
southflhitnrun
She is both very right and a bit wrong. This is the case now because every company in the industry sector of Costco does not pay that living wage. If everyone where required to pay that living wage (Walmart, Target, Corporate Grocery Chains, etc.) then the greedy corporations/shareholders will increase prices for make sure their profit margins stay fat.
For this to really help the working class, we need living wages AND price controls on the corporations.
KingOfTheImgurians
As someone who has been laid off four times since 2015, I would LOVE to have a single job that could persist for more than three years. But, as you know, if the number goes down, then we have to let people go.
netutoring
It doesn't even have to actually go down. They just have to BELIEVE it will. Fun, huh?>
nyxnyxnyxty
if only it was if the number goes down, it also happens if the number doesn't go up "enough". (it's almost never "enough")
dtallen243
In my professional career (2006 - current) I've only had 2 jobs that lasted more than a few years. 2006 - 2018 working for local animal shelter and 2019 - 2024 working as 3rd party contractor where locally we we're making bank but due to new corporate manglement we lost our contracts
nurmich
When California was looking to increase minimum wage for fast food workers (among others), conservatives shit their pants about Big Macs being $20. Hilariously, In-n-Out was already paying all of their employees a better wage than the proposed increase, In-n-Out's food is just about the cheapest and best quality you can find in fast food, and their restaurants are staffed to bursting with quality employees. The restaurants are also clean. Go fucking figure.
Lachwen
Cheapest? Yes. Best quality? Ehhhhh...
Huntertroll
Check out Wendover productions video on this over on Nebula, great 16 min video on this exactly. They also make a game show called Jet Lag the Game which is top!
hogeyegrex
It’s the only fast food I eat at this point. They pay/treat their people reasonably. They have a good product. They’re certainly succeeding.
makesense
Grew up in SoCal, and I always point out In-N-Out when mentioning things like this. People seem shocked when I tell them that people will happily wait 20+ minutes in a Barstow In-N-Out on a weekend because it's still far better than anything else. You don't get that without dedicated employees.
skynetwasright
man if this aint the god damn truth. still i went to in and out recently and a burger fries and drink was like 10$ cheaper than mcdonalds, BETTER by far. many employees working. And people love it the drive thru is always packed. Good service good fast food, reasonable price. Go figure.
OtisTDrunk
Negan?
joepineapplesindrag
What the fuck is a 'co pay' for going to a doctor?
FrozenCoast
Something I am too Canadian to understand.
LuveBunny
It is what is known as a 'shit hole country tax'
PTFCMcGee
It’s a special “cost sharing” middle finger created by the American health insurance industry. It is extracted from anyone lucky enough to have health insurance even though the cost of that insurance is astronomical.
It’s a predetermined flat rate that is paid, no matter what, when you go into a medical office. For example, my copay for urgent care is $40 and $120 for the ER. As soon as I check in, I pay that amount regardless of future services rendered or reason for visiting.
FrozenCoast
You guys need to keep shooting healthcare CEOs.
malakim
But... but... someone think of the shareholders!
nero4ty2
Literal quote from the ceo, “ if you raise the price of the hot dog I will execute every mother fucking last one of you”
MrFluffyPanda
He isnt the ceo anymore. Senegal was great but he isnt with company anymore. New upper management is shit, they only care about sharholders
netutoring
That's my guy. Along with the Arizona guy. RAISE THE PRICE ON THAT CAN AND RUE THE DAY *or something like that*
Erumun
i should of started working at costco out of high school...
REOJackwagon
https://media0.giphy.com/media/v1.Y2lkPWE1NzM3M2U1b3g4NGJsMTJ0ZGFueXJvaGI1dGg4d29haHBmYWowN3R1NnplYWo3NSZlcD12MV9naWZzX3NlYXJjaCZjdD1n/3oFzmkkwfOGlzZ0gxi/200w.webp
Sticklebrickk
Just started as a custodian at my high school. If I had started right after I graduated, I would have been able to retire next year and receive a pension for the rest of my life....
pandemicmodedad
Do you know how hard it is to get employees with Costco? Ive heard of people celebrating like they eon the lottery when they get hired.
MrFluffyPanda
Former employee (13 years), pay/benefits are good but management is absolute shit now. They used to care about training people for success now its all about who's ass do I kiss to get promoted. Also a huge amount of nepotism now.
devolutionary
*should have
harthram
shoulda woulda coulda.
Lampmonster
That grammar is why Costco didn't hire them.
Erumun
English always is my weakest subject.