If they don’t like it, they can go work at Best Buy, McDonald’s, etc.
So what makes your investment worth more than the labor of the people working in the company? They are indirectly working for your benefit, so you should see better conditions for them as part of the investment. It may cause a short term dip but in the long run you benefit more.I invest both my time and money with hopes of providing a better life for myself, my family, and friends than what my parents and their parents had.
Investing and expecting returns isn't illegal or immoral - it's the very reason why I invest and work hard. Otherwise why do it?
I figured someone was going to bring up "personal greed" or similar sentiment, but in the real world, it's about securing my future and that of my family - you can call that greed if you want ... but if I don't work hard and invest wisely, and find myself on my behind, who will step in to help my family? You? On this very forum?
As I said before, there are right ways and sensible ways ... business is tough.
You're talking smart and business savvy, but employee turnover is inevitable ... it's an assumed cost of running business that has been calculated into every budget. This is not unique to Apple or any other industry ... especially when it comes to entry level positions, stressful positions. We are living in interesting times where people go happy go lucky wake up and go to work for years, and one day they just ghost a well paying job/whatever and move on to something else.Lower turnover is good for business. Everyone an employee leaves, Apple is losing money for training, paperwork, the time it takes for someone to get into the swing of a new jobs, the lost relationships, productivity losses from the rest of the team, customer dissatisfaction
Companies that don’t realize this are foolish and they’re wasting money
It doesn’t matter that much right now because it’s an attitude that infected every company, but a company that doesn’t do it this foolish and wasteful way will be more competitive in the marketplace
If you want a good ROI you need to think bigger picture. That kind of thinking is what got Apple where it is today and they need to get back to that. You can’t cut costs forever. At some point, you have to be smarter and savvier than that
Also, no one considers investing “working hard”
And why not? The burger flipper is selling their labor just like the office worker is, or anyone else. What is it about burger flipping that means it is inherently not meant to be a household supporting job? The economy needs burger flippers too because there is demand for burgers and most people who want burgers aren’t making the burgers themselves. So if there is demand, why is it not worth paying for?
I've read this a couple of times now and it seems like what you're saying is "yeah, I'm greedy".I invest both my time and money with hopes of providing a better life for myself, my family, and friends than what my parents and their parents had.
Investing and expecting returns isn't illegal or immoral - it's the very reason why I invest and work hard. Otherwise why do it?
I figured someone was going to bring up "personal greed" or similar sentiment, but in the real world, it's about securing my future and that of my family - you can call that greed if you want ... but if I don't work hard and invest wisely, and find myself on my behind, who will step in to help my family? You? On this very forum?
As I said before, there are right ways and sensible ways ... business is tough.
So what makes your investment worth more than the labor of the people working in the company? They are indirectly working for your benefit, so you should see better conditions for them as part of the investment. It may cause a short term dip but in the long run you benefit more.
Given that wages have in general stagnated since the 1970s, yes, everyone’s wages should go up. What is a living wage? That depends on what the cost of living is. As the cost of living goes up, the cost of a living wage goes up. Since prices on things rarely drop, that is a number that will continue to go up over time.It is very simple, flipping burgers is not skilled labor, therefore the labor they are selling is least common denominator or minimum wage. The more skilled your labor, the more it is worth. Arbitrarily stating that unskilled labor is now worth $X doesn't change the fact that it really isn't.
The economy does indeed need burger flippers and I never implied these people should not get paid, what I am saying is that this type of position is not a household supporting position. Artificially increasing the minimum wage just drives up prices.
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Five Guys' prices spark outrage after $24 receipt goes viral: 'Highway robbery'
Social media users debated whether or not Five Guys burgers were worth the price after a $24 receipt — which only included one burger, fries and a soda — went viral.www.foxbusiness.com
California is already seeing restaurants closing or promising price increases. Once the prices go up people will begin to clamor that $20/hour isn't a living wage.
If it is your argument that least common denominator jobs should be household supporting then you are supporting this "basic" but failed concept:
10 Artificially increase minimum wages to a nebulous "living" level
20 Cost of goods and services go up
30 Minimum wages are no longer considered "living"
40 Goto 10
In all my debates on this topic no one ever defines, exactly and specifically, what a "living wage" is. Someone please detail this, what is a proper living wage for a least common denominator laborer? Be specific and detailed across the entire compensation spectrum. Don't take the easy way out and say X% of the CEO's earnings. Now, if anyone is brave enough to do detail this out please recognize that if you artificially increase the lowest wage by X% everyone higher up the skill chain now also feels entitled to a raise of X%. If we just raise everyone's wage by X% what do you think will happen to the cost of goods and services?
No, I didn’t ask why is your investment worth more to you, I’m asking why your investment is worth more to anyone else than the labor of the people who work for Apple. What makes a bigger profit for Apple, the cost of the shares you bought or the value of the profit brought in by the labor of Apple’s employees?Of course my investment is worth more to me and family than anyone else. Why else would I do it? I want to change the world, I want everyone to make exponentially more money, but I gotta start at home first.
So you're saying shrinking returns are to my benefit? Tell me you don't invest without ... well you know the rest.
I've read this a couple of times now and it seems like what you're saying is "yeah, I'm greedy".
I think the difference is that you could want your family to be better off, or you could want your family to be better off at the expense of others. You seem to fall squarely in the latter. It's not enough that your profits from investing are good, the employees working to actually provide those profits should get less so that you can get even more.
Call it sensible if that makes you feel better about yourself, but it's unapologetic greed. And it often flies in the face of what research shows would return greater profits in the long term.
Many customers do and employees are not allowed to accept. If a tip is left on the table or otherwise forced upon them, it goes into the drawer, not their pocket.“tips from customers”
LOL, what is this all about? Just because it’s called the Genius BAR doesn’t mean we need to tip for service.
I guess I expected that you wouldn't be so proud of your greed, so I thought I had misread it. Clearly it's something you value though.I'm sorry it took you a couple of times to understand, wasn't my intention to make it this hard.
I'm not sure what any of this has to do with what I said? I never said people can't work and invest to build a better life for their family. The point that I thought I made pretty clearly was that it's bad when you choose to step on others to get ahead. You could get decent returns on your investment, but you instead advocate that you get exceptional returns by ensuring that employees that earned you those returns are made worse off. If you can't see the difference in those two situations then I don't know what else to say.I thought I was quite clear and unapologetic that when I invest and work I expect something out it. I took risks, I invested, I made questionable decisions that at times landed me on my behind, picked myself back up again with no one's help but my friends and family, took me 30 years to get where I'm at ... so what you're saying I'm exclusive in my thoughts and no one should be burdened with hard work, touch choices and climbing the ladder ... it should just happen instantaneous for everyone, because it's the right thing to do?
Of course my investment is worth more to me and family than anyone else. Why else would I do it? I want to change the world, I want everyone to make exponentially more money, but I gotta start at home first.
So you're saying shrinking returns are to my benefit? Tell me you don't invest without ... well you know the rest.
You don't know that it was laziness - many corporate policies at fast food establishments are that straws, napkins, utensils, even ketchup is on request only. In some states it is actually illegal for them to provide a straw (or even ask you if you want one) unless requested (NJ being one). Now should they post that at the counter? Yes. Do they? Rarely.exactly.
today's example... got kids meals, no straws or napkins came in the bag..
And they want $20 an hour..
it's the little things
Please direct your anger and provide a sound explanation to the people who lost their jobs to AI, robots, and ever-increasing costs of labor and unionization.Screw your 'investment'. The REAL investment in ANY good or service is the labor of the workers, not the dollars of capitalists.
Businesses will always try to reduce costs and maximize profits, and since they already exploit workers they continue finding new ways to reduce either the amount of employees they have, how much they pay those employees, or both. Unionization happened because capitalists were treating workers so horribly, capitalists didn’t start treating workers badly because of unionization (although to be clear, capitalists have harassed, attacked, and outright killed workers who fought for their rights). Stop treating workers like they’re the problem for asking for a little bit more than they are getting now.Please direct your anger and provide a sound explanation to the people who lost their jobs to AI, robots, and ever-increasing costs of labor and unionization.
Profit or roi doesn't affect just investors ... it actually affects the very people you're keyboard-fighting for ... REAL people are getting let go, or their hours are cut as a direct result of the very thing you think should happen in an instant because it's the right thing to do ... if you think for a second that companies big or small will keep their doors open in the same manner when their profits shrink we have nothing to discuss.
You're so close to understanding the negative consequences of businesses succumbing to shareholder greed.Please direct your anger and provide a sound explanation to the people who lost their jobs to AI, robots, and ever-increasing costs of labor and unionization.
Profit or roi doesn't affect just investors ... it actually affects the very people you're keyboard-fighting for ... REAL people are getting let go, or their hours are cut as a direct result of the very thing you think should happen in an instant because it's the right thing to do ... if you think for a second that companies big or small will keep their doors open in the same manner when their profits shrink we have nothing to discuss.
I guess I expected that you wouldn't be so proud of your greed, so I thought I had misread it. Clearly it's something you value though.
I'm not sure what any of this has to do with what I said? I never said people can't work and invest to build a better life for their family. The point that I thought I made pretty clearly was that it's bad when you choose to step on others to get ahead. You could get decent returns on your investment, but you instead advocate that you get exceptional returns by ensuring that employees that earned you those returns are made worse off. If you can't see the difference in those two situations then I don't know what else to say.
I'm very much against unionization, but I don't think firing people, absorbing costs of closing and reopening a store is the answer ... why would you go with such an extreme solution? ... because people are unhappy and fell victim to a promise that a union will make their lives better?Apple needs to nip this thing in the bud. Shutter the store, fire the employees and reopen a brand new store sans this unionization nonsense.
It's not really name-calling as much as just observing a trait. I can only go off the things you've said and the values you've expressed and supported here. I'm not a mind reader, so if you don't say what you mean then that's on you.You got the name calling down I'll give you that ... quite possibly you have no idea what I value or not, but this is an Internet forum, lots of misunderstandings.
I mean, being against the concept of unionising seems pretty bad to me. Obviously not all unions are perfect, but the idea that workers shouldn't even try to level the playing field because companies won't be happy makes no sense. If a company can't provide adequate compensation to workers, it shouldn't be a company. Apple has more than enough money to pay its workers better, but it won't because it needs to maximise returns to shareholders. You've already expressed that you think this is the sensible way to do things, so it's hard not to see this as stepping on others to get ahead.Who said anything about stepping over people to get ahead? I'm simply against unionization, there is nothing wrong with that is there? I believe it will not work out as companies tend to shy away from having a union telling them how to run a business ... My segue into this has everything to do with what you said. Wrong, I don't advocate exceptional returns by keeping others down, quite the opposite ... I said it took me 30 years to get where I'm at (others do it in a fraction of the time) but I'm still going because I'm trying to marry right and sensible, and even though I keep getting disappointed with the whole right/sensible thing I keep trying ... so perhaps I'm foolish, but greedy as you so freely called me, I'm not ... hope you have a great rest of the day/night 😉
It's not really name-calling as much as just observing a trait. I can only go off the things you've said and the values you've expressed and supported here. I'm not a mind reader, so if you don't say what you mean then that's on you.
I mean, being against the concept of unionising seems pretty bad to me. Obviously not all unions are perfect, but the idea that workers shouldn't even try to level the playing field because companies won't be happy makes no sense. If a company can't provide adequate compensation to workers, it shouldn't be a company. Apple has more than enough money to pay its workers better, but it won't because it needs to maximise returns to shareholders. You've already expressed that you think this is the sensible way to do things, so it's hard not to see this as stepping on others to get ahead.
On a side note, you can end a sentence with a single full-stop. You don't need to ... after everything.