Re:Thousands of Starbucks Employees Are Getting Raises After...
by croon on Wednesday January 24, 2018 @11:58AM
(#16224191)
Walmart for example spent $0.3B out of $2.2B annual tax cut savings on that wage hike.
Sure, a dollar is always a dollar, but when you weigh that against loss of mortgage benefits, grad school stipends, fewer people with health insurance and most likely higher costs in coming years... then that one time bonus or slight wage increase disappears quite quickly.
Championing a few dollars (while being significant to a lot of people) is really just misdirection not to look behind the curtain, and frankly quite patronizing.
Re:Thousands of Starbucks Employees Are Getting Raises After...
by vibrio on Wednesday January 24, 2018 @12:20PM
(#16224373)
also, in considering the macroeconomic impact, one should probably net out the ~7500 employees Walmart laid off the same day they announced the increase wage.
Sure, a dollar is always a dollar, but when you weigh that against loss of mortgage benefits, grad school stipends, fewer people with health insurance and most likely higher costs in coming years... then that one time bonus or slight wage increase disappears quite quickly.
Championing a few dollars (while being significant to a lot of people) is really just misdirection not to look behind the curtain, and frankly quite patronizing.