this post was submitted on 14 Jan 2024
1527 points (96.2% liked)
Antiwork
3648 readers
2 users here now
A community for those who want to end work, are curious about ending work, want to get the most out of a work-free life, want more information on anti-work ideas and want personal help with their own jobs/work-related struggles.
The new place for c/antiwork@lemmy.fmhy.ml
This server is no longer working, and we had to move.
Active stats from all instances
Subscribers: 2.1k
Date Created: June 21, 2023
Library copied from reddit:
The Anti-Work Library 📚
Essential Reads
Start here! These are probably the most talked-about essays on the topic.
- The Abolition of Work by Bob Black (1985) | listen
- On the Phenomenon of Bullshit Jobs by David Graeber (2013) | listen
- In Praise of Idleness by Bertrand Russell (1932) | listen
c/Antiwork Rules
Tap or click to expand
1. Server Main Rules
The main rules of the server will be enforced stringently. https://lemmy.world/
2. No spam or reposts + limit off topic comments
Spamming posts will be removed. Reposts will be removed with the exception of a repost becoming the main hub for discussion on that topic.
Off topic comments that do not pertain to the post at hand may be removed if it is deemed they contribute nothing and/or foster hostility at users. This mostly applies to political and religious debate, but can be applied to other things at the mod’s discretion.
3. Post must have Antiwork/ Work Reform explicitly involved
Post must have Antiwork/Work Reform explicitly involved in some capacity. This can be talking about antiwork, work reform, laws, and ext.
4. Educate don’t attack
No mocking, demeaning, flamebaiting, purposeful antagonizing, trolling, hateful language, false accusation or allegation, or backseat moderating is allowed. Don’t resort to ad hominem attacks against another user or insult other people, examples of violations would be going after the person rather than the stance they take.
If we feel the comment is uncalled for we will remove it. Stay civil and there won’t be problems.
5. No Advertising
Under no circumstance are you allowed to promote or advertise any product or service
6. No factually misleading information
Content that makes claims or implications that can be proven false or misleading will be removed.
7. Headlines
If the title of the post isn’t an original title of the article then the first thing in the body of the post should be an original title written in this format “Original title: {title here}”.
8. Staff Discretion
Staff can take disciplinary action on offenses not listed in the rules when a community member's actions or general conduct creates a negative experience for another player and/or the community.
It is impossible to list every example or variation of the rules. It is also impossible to word everything perfectly. Players are expected to understand the intent of the rules and not attempt to "toe the line" or use loopholes to get around the intent of the rule.
Other Communities
Server status for big servers http://lemmy-status.org/
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
An $11,000 wage increase is ~$5/hr for a full time employee.
Starting pay at Startbucks is around $15/hr. They're famously stingy with full-time though, so in reality it is quite a bit more than a 25% increase.
Honestly, I was expecting to find some glaring error in the logic on this but I don't really see it.
The glaring error is this screenshot is listing an income figure that is comparable to the 2022 total revenues in the 2022 fiscal report.
https://www.macrotrends.net/stocks/charts/SBUX/starbucks/ebitda
It looks like Starbucks 2023 EBITDA was $7.3 Billion and the net income was $4.1 Billion.
The post makes a good point, but uses garbage data. Why do they do this? Although an $11,000 raise would elliminate the actual net earnings figure.
There it is. I kept finding investor reports claiming the same 25 bil number as the net profit, but that's just goofy if their actual bottom-line was under 5.
And that $11,000 figure is now about 6x too big. Meaning we're talking about a less than a dollar raise. Not to even mention ebida is STILL more than bottom-line profits.
From their press release website, $36 biliion consolidated net revenue reported at a 16% profit margin for fiscal year 2023 leaves $5.76 billion after every expense has been deducted.
With equal distribution, that actually makes a $12,500 raise for 400,000 employees
First, that assumes the company makes no profit at all. Not a sustainable way to keep a company in business. If they go out of business, 400,000 people lose their jobs and a whole lot of them lose their health insurance. Starbucks is pretty well known for being generous with their benefits.
Second, wages are typically only about 2/3 or even less of the total compensation, and don't account for the employer's share of payroll taxes.
So figure that you think Starbucks should make half their current profits and give the other half to their employees. That puts it at $6250 per employee, which would likely translate to about $4000/ year before the employees' portion of taxes, or about a $2/hour raise. Which would be great for employees making maybe $30k/year, but is not exactly going to vault them into the middle class.
Incredibly frustrating.
Should we form an eat the rich union, obviously.
Is sharing garbage data on social media the way to get there, no! Real data (like on wealth concentration) is offensive enough!
Alright this is sounding too much like a meeting, I better get back to my actual job
It appears they've done ~$670MM of stock buybacks this year as well (after a ton of press coverage last year saying they were stopping stock buybacks), which would have been net income.
I did the math, too, and came to the same conclusion.
I'll just be over here eating cake, like a good sans-culottes