Comments

1
Corporate employees typically have higher levels of education and degrees/experience that allows them to work in the corporate offices. Your typical barista doesn't have the skills needed to earn as high as those corporate employees.

Moral of the story: want to get ahead stay in school and get a degree in a field that employers are looking for.
2
Yes, the people responsible for keeping all 25,000 stores a going concern are going to make more money than a barista.
3
Starbucks says the changes "will total more than $250 million for more than 150,000 partners and are accelerated by recent changes in the U.S. tax law."


Starbucks net profit 2017: $22.4 billion
https://www.statista.com/statistics/2664…

$250,000,000 / $22,400,000,000 = 1.1%

:/
4
No one said that the long-time, career choice of schlepping coffee and prefabricated food was ever going to put a man on the moon or cure cancer.
5
How many Baristas get anywhere near the benefits that Starbucks Baristas get? Why do you have to include 'but still getting screwed'?
8
They can always quit , and you can always boycott that corporate "person", otherwise so what? Champion the banishment of both corporate personhood and the welfare We the Taxpayers fund for them? --- https://movetoamend.org & https://www.corporatewelfare.org & https://www.ncid.us & https://www.citizensincharge.org & https://www.ballotpedia.org .
11
@9,

Government: "Hey, great news! We're cutting your company's taxes by a shit load and telling everyone we're doing it so that you'll raise wages."

Business owner: "Wow! I just crunched the numbers and it looks like I'll be making an additional billion dollars this year. Thanks government! Don't worry, I'll be sure to trickle it down on my employees!"

Business owner gives employees a one-time, thousand dollar bonus.

Business owner: "That oughta do it!" (pats himself on the back) Now, where to stash away the remaining 800 million?...

---

Yeah... I can't imagine how that might generate insults?

Who would own a business in this wicked world? Wicked people, I guess?
12
@9,
In December, Comcast announced that based “on the passage of tax reform” it would award a $1,000 bonus to about 100,000 employees. That’s a total expenditure of $100 million.
The company said it would increase dividends to shareholders, which totaled $2.9 billion in 2017, by 21 percent. That amounts to an additional $609 million in dividends. Comcast also plans to spend at least $5 billion, and as much as $7 billion, on repurchasing its own stock.
According to Wednesday’s press release, Comcast is spending at least 56 times more on dividends and stock repurchases than on bonuses for its workers.


---

Sources:

Quoted from:
https://thinkprogress.org/comcast-tax-wi…

Based on Comcast news release:
https://corporate.comcast.com/news-infor…
&
https://www.cmcsa.com/news-releases/news…

---

bonuses to employees: $100,000,000

bonuses to shareholders: $609,000,000 + $5,000,000,000

Percentage of employee benefit from new tax laws compared to shareholder benefit from new tax laws: 100,000,000 / 5,609,000,000 = 1.8%

That's insulting.
13
@12, so you'd prefer the workers got nothing?
14
The writer of this headline, yes I know it may not be the writer of the article, has a far different interpretation of "getting screwed" than I. I think #1 said it very well.
17
@13,
I'd prefer all workers everywhere were justly compensated.

@16,
The distribution of revenue between shareholders and workers is grossly unequal. There's a massive disparity of wealth in this country that exists whether you believe it or not.
18
Companies expand and invest and hire when there's an increase in demand, not because they're paying less taxes. All of the talk of reacting to the tax changes is mostly theater, probably intended to either kiss the ass of the president, or keep his vengeful attention away from their company.

Howard Schultz, being the left-winger he is, probably wants to avoid a Jeff Bezos-owning-the-Washing-Post-affecting-Amazon issue for Starbucks.
19
@16: If I am not mistaken, the U.S.A. is already the primary tax haven for non-citizens ( who are very overwhelmingly Upper-Class): Seems to Me you beLIEve that money was justly acquired . . . .

Please wait...

Comments are closed.

Commenting on this item is available only to members of the site. You can sign in here or create an account here.


Add a comment
Preview

By posting this comment, you are agreeing to our Terms of Use.