• admiralteal@kbin.social
    2·
    11 months ago

    An $11,000 wage increase is ~$5/hr for a full time employee.

    Starting pay at Startbucks is around $15/hr. They’re famously stingy with full-time though, so in reality it is quite a bit more than a 25% increase.

    Honestly, I was expecting to find some glaring error in the logic on this but I don’t really see it.

    • ZOSTED@sh.itjust.works
      0·
      10 months ago

      What do you mean by this, by the way? Dead thread now so no stakes, but still interested in how your take is different, because I haven’t heard this opposition from anyone before.

      • Aux@lemmy.world
        1·
        10 months ago
        1. Most companies have “record profits” while having the same profit margins as before. That doesn’t mean they’re greedy or whatever, that means people are buying more shit than ever.
        2. Many companies had a few tough years before yet no one was posting about record loses.
        3. These profits are going into YOUR pocket at the end of the day. Because one way or another YOU are the investor. You should be happy when companies are doing good.
  • kajdav@lemmy.world
    0·
    11 months ago

    This is garbage data. Learn the difference between revenue, gross profit, and net profit.