Submitted by Open_Veins_8 t3_zlql8b in Pennsylvania
chaqalaqalaqa t1_j074kj7 wrote
Reply to comment by Advanced-Guard-4468 in Baristas of the World Unite! Starbucks Workers in Whitehall Unionize by Open_Veins_8
If they close all the stores, the company will cease to exist. The workers generate the wealth, they should be the ones receiving the rewards.
Advanced-Guard-4468 t1_j075d3w wrote
The company sells their coffee beans in Costco. If people like the flavor they won't cease to exist. If they do go out of business, all those workers that have been receiving stock options will be hurt also.
The workers have been compensated. I'm not sure how much high price the company can charge for coffee or other items.
chaqalaqalaqa t1_j077kxy wrote
They don’t need to raise the prices, they just need to cut their profits a bit. They made over 20 billion in profits (not revenue, but profit) in 2021. It wouldn’t cost much of that to raise wages.
Advanced-Guard-4468 t1_j07jcgo wrote
Yahoo finance lists profits at 8 billion and profit margin of 10%.
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