Re:The Full Automation Fallacy
by Lemmih on Sunday February 07, 2021 @08:58AM
(#26055049)
$26.5 billion dollars in revenue, not profit. 2019 was a particularly good year with $3.599B in net profit. That is $10K per employee. 2020 was worse with $0.928B in net profit: $2.7K for each employee. There really isn't much wiggle-room for significantly higher salaries. And during good years, Starbucks tend to hire more employees rather than increasing salaries (employee count went from 277k in 2017 to 346k in 2019).
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