Comment on They eliminated cashiers and keep the profits. NY Democrats are fighting back.
Steve@communick.news 15 hours agoThat’s not how math works.
2024
Revenue was $147B
Profit was $3.8B or 2.8%
The lowest estimate 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.
just2look@lemmy.zip 14 hours ago
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.
Artisian@lemmy.world 8 hours ago
The numbers are public. You can do the math and convince us.
baines@lemmy.cafe 2 hours ago
say you’ve never worked in accounting without saying it
Artisian@lemmy.world 1 hour ago
They’re welcome to lie with the numbers! But then I can at least reason about it. Right now, we’re looking at some cherry-picked end points and ignoring the proposed numerics entirely.
Steve@communick.news 6 hours ago
Were 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 any to help that, and is bad policy-making. We’re both right.