Not gen z, but God bless 'em. I came to the same conclusion after the first round of layoffs at my first job. They laid off the experts because they had higher salaries and kept the lower paid, less skilled workers. It was completely absurd. Then it happened again, and again. Why would I ever expect my work to treat me with any loyalty or concern when no employer has even shown me or mine any?
As a tech worker, I'm super happy they're being compensated so well. We're witnessing the power of workers organizing and I'm loving it. I would like to see unions in tech become a thing, but it's impossible to organize anything with the people here and talking about it openly will get you fired for "completely unrelated" reasons.
Hey, Iām a union organizer at a tech company! Union support is more likely than you think in the industry. Itās all about a strong OC forming connections with your coworkers. If you want to be the change, reach out to CODE-CWA!
I think there is real pressure to divide different workers. This article is just one Iāve been seeing that had this narrative. And no tech worker I know is angry.
Itās okay to be angry when itās directed the right way. Itās not the driverās with whom anyone should be upset; itās the executives refusing to provide fair compensation that we should all be angry at.
McDonald's gross profit for the quarter ending September 30, 2023 was $3.864B, a 12.12% increase year-over-year.
McDonald's gross profit for the twelve months ending September 30, 2023 was $14.317B, a 9.63% increase year-over-year.
McDonald's annual gross profit for 2022 was $13.207B, a 4.98% increase from 2021.
McDonald's annual gross profit for 2021 was $12.58B, a 29% increase from 2020.
McDonald's annual gross profit for 2020 was $9.752B, a 12.77% decline from 2019.
Other than a dip in 2020 that was more than replaced in 2021, McDonald's is right back on track with record profits and the only reason they are losing low income earners is pricing themselves out of that market.
I'm not low income but I do think McDonald's is pretty poor value for the quality. You can usually go someplace with much better food for the same or slightly more now - they're a long way from being 'cheap' food.
One thing that I learned recently from the Modern MBA YouTube channel, is that these fast food brands donāt run stores ā they primarily charge franchise/royalty fees, and the store operators/franchisees see a significantly different and lower-profit-margin situation.
āMcDonalds Corporationā is not where these expenses accrue.
Itās true that the McDonaldās corporation is in the real estate business, not the burger business. But the franchisees are certainly in business selling hamburger analogues. They wouldnāt be on every corner if they werenāt profitable. I read once that if you want to open a McDonaldās, they wonāt even talk to you unless you have a million dollars cash. It takes a fuck ton of money to open a McDonaldās franchise and people still do it, because itās a license to print money.
I canāt for the life of me figure out how theyāre still in business. Why would anyone eat there? It used to be an okay option when you were in a hurry and wanted some cheap food. But now itās cheap (quality) food, that is worse than it has ever been, that costs a fucking fortune, and it isnāt even a fun place anymore. Their food barely qualifies as food. Their buns, burgers, and fries taste like compressed napkins. The book Fast Food Nation and the documentary Supersize Me exposed how atrocious McDonaldās food really is, and people just kept on going. What the fuck is wrong with people?!? Why are you spending $20 for a tasteless trash lunch that masquerades as food, that is terrible for your body, and the environment? WHY!
thank fucking god. so much at so many work environments iāve been in just seem designed to be malignant and enforce austere application of power moreso than anything, let alone account for worker quality of life and mental health. itās a business so because itās a business and since they have to make money thatās just ok to disregard, as though our existence as human flesh and blood bodies and souls is predicated upon keeping these fucking things going, rather than these companies providing for our common needs and goods.
i remember a dishwasher job at college which was literally just standing in place washing dishes, the boss kept coming back to check on us and yell at us if we were listening to music in headphones because we had to be able to communicate at all times apparently - and these checkups were the only time we had any fucking thing to communicate; the only other duties of the job were mind numbing standing in place washing spoons with roaring machines going.
Iām a millennial and have been questioning it for quite sometime to the point Iāve had places cut my hours and pay for calling out shitty practices like making us punch out to use the restroom. And this was at a government facility.
We millennials wasted too much time questioning these shitty practices and tryinh to work up the nerve to call it out. Gen z walks in, gets treated badly once, and gets the fuck out, knowing there are better workplace. Iām proud of them, and they they donāt waste time calling out unfairness, and just walk out.
That's largely because we millennials already uncovered the unfairness for them. They don't have to figure it out; they just have to act against it.
I still give them credit for that, but it's not as though they walked in without having the previous generation's help getting started. We tried with Occupy Wall Street and failed. Maybe they'll try again and succeed someday.
Iām proud of them and I encourage them every chance I get.
When I got in, the oldest old-timers were still lifers, and seeing them was inbetween an illusion and an anachronism. Something that none of us would ever have: a lifelong career at the same place.
They were very loyal to the company, but the company had also (mostly) been loyal to them through their career.
Then we started seeing the corpo-grinder start cutting folks a year away from their retirement, they started or gutting pensions, etc. Full mask off moment.
Now, they donāt even bother with the illusion, so I donāt see why younger folks would have loyalty for the grinder.
Whatās that? Youāre having an opinion on one of our flights?
Thatāll be a $34.99 aerial opinion fee; you can pay as you disembark the plane, or, in the future, if you anticipate having an opinion on one of our flights, you can save $5 by paying the fee from your home computer!
It genuinely blows my goddamn mind that this article is actually considered news and has to even be published.
Like, what the fuck do they teach people in business school these days?? Just cut costs endlessly? Like āI have this restaurant with no employees that serves nothing and charges $1B per customer. I will be rich!ā ??
Like, what the fuck do they teach people in business school these days?? Just cut costs endlessly? Like āI have this restaurant with no employees that serves nothing and charges $1B per customer. I will be rich!ā ??
I work in corporate retail, and yes, basically. Itās pretty wild how myopic senior leadership can be at times.
Came here to post just this. How fucking stupid are the people in charge of these places? That offering higher wages gets you more/better employees is such a revolutionary concept that not only has nobody else tried it, but when one does and realizes it works, it becomes a Business Insider article?
You donāt have to be an MBA to understand supply and demand. If there is less supply of workers and more demand for workers the market price of work will rise. Did they think the labor market was a slave trade?
I really genuinely do not understand how so many supposedly smart successful business people can be so stupid as to not understand such a simple concept.
Iām GenZ, it has nothing to do with stability, it has to do with what I want to exchange. I donāt want to exchange majority of my energy for more money than I need, I want to earn enough to live, and not work more than is required for that.
āfor more money than I needā - thatās the real trick, employers arenāt exactly looking to give people more money than they need, itās sort of the exact opposite typically
This is GenZ weāre talking about, Iām from a fairly LCOL area, so most people I know, donāt have many responsibilities and rent and food arenāt too high. So I donāt think for my situation itās that uncommon.
Lol Iām just about to ask my boss about raises this year. Letās see what happensā¦ 100% of my pay is going into cost of living right now
Edit: no idea as she hasnāt heard anything from HR. lmao I doubt weāll be seeing much of anything even though we increased profits by 4 million a year this year.
To add, what you need NOW is not what you need over your lifetime. Health insurance is needed regardless of your pay (outside most folksā 20ās) and retirement savings are exactly what you donāt need now, but eventually will.
I want to earn enough to live, and not work more than is required for that.
Management couldnāt fathom this at my first job. Theyād tell us that everyone couldnāt be CEO but there were still great careers, and they didnāt understand when we asked about jobs where we wouldnāt climb the ladder necessarily, just do meaningful work.
Two Pizza Hut franchisees, who own hundreds of stores in California, are eliminating their in-house delivery fleets. The labor-gutting strategy has left 1,200 drivers without jobs.
"I feel that there will be a lot of pain to workers as franchise owners are forced to take drastic measures," Walberg said.
If you own hundreds of Pizza Hut restaurants, nobody is "forcing" you to do anything.
āOur agents were left with no choice but to call Chicago Aviation Security Officers to assist in removing the customer from the flight. He repeatedly declined to leave.ā The phrase, āleft with no choiceā is calculated and deliberate, and every rhetorical move of the preceding paragraphs is leading up to this moment. The bureaucratic state never acts of its own volition; it is always reactionary, and it always acts because the victim leaves it no choice.
I donāt know what employers expect to get in return for their behavior. For decades they treated employees like shit, and now they complain that employees donāt love them.
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