1347
They eliminated cashiers and keep the profits. NY Democrats are fighting back. (thelemmy.club)
submitted 3 weeks ago by to c/workreform@lemmy.world
363 comments fedilink hide all child comments
 
you are viewing a single comment's thread
view the rest of the comments
[–] 21 points 3 weeks ago* (last edited 3 weeks ago) (1 child)

That's not how math works.

2024
Revenue was $147B
Profit was $3.8B or 2.8%

The lowest estimate I found of sales volume through self checkout is 38%.
So a 10% self checkout discount is 3.8% hit to revenue. When profits are only 2.8% they'll take a 1% loss.

The CEO pay being only 0.4% of that $3.8B profit. Isn't remotely enough to matter.

This won't lower prices.

  • permalink
  • fedilink
  • source
  • parent
  • hideshow 2 child comments
    •
  • [–] 11 points 3 weeks ago (2 children)

    Do you think the CEO compensation is the only place they are siphoning off funds to the oligarchs? And even with all the greed, they are still admitting to robbing $3.8B from the working class. That's all profits are.

    The system rewards greed and corruption. So that's what they do. They conspire with other corporations to inflate prices. They take advantage of disasters to gouge consumers. These aren't conspiracies, they are things that have been admitted to under oath and discovered through investigation.

  • permalink
  • fedilink
  • source
  • parent
  • hideshow 4 child comments
    •
  • [–] 7 points 3 weeks ago (1 child)

    The numbers are public. You can do the math and convince us.

  • permalink
  • fedilink
  • source
  • parent
  • hideshow 2 child comments
    •
  • [–] 2 points 3 weeks ago (1 child)

    say you’ve never worked in accounting without saying it

  • permalink
  • fedilink
  • source
  • parent
  • hideshow 2 child comments
    •
  • [–] 5 points 3 weeks ago* (last edited 3 weeks ago)

    We're looking a 2 different things here. I'm doing the math on a specific policy and how it would effect a specific company. You come back with generalizations and broad conceptions.

    You are right generally. We agree generally. But here specifically, this policy won't do anything to help that. It's bad policy-making. We're both right.

  • permalink
  • fedilink
  • source
  • parent