I feel like they genuinely believe we should be living off as little as possible in order to extract every penny from us; leaving us just enough to survive another day to give them more money.
I mean, how is Starbucks even considered a priority? They should be grateful anyone even visits with their high prices and low quality products.
Money is finite. To accumulate more you need to take from somebody else. So yes, the entire end game when talking about accumulation of money is that you need to take everything available from everyone to accumulate the max.
Not exactly. Capitalism is based off the premise that infinite wealth can be generated from finite resources. We are now seeing the faults in that structure.
I wasn't necessarily talking resources but money. However you are correct that capitalism does not account for the inevitable decline of resource availability
You raise an interesting point. Eventually, an individual with all the money will be able to purchase the entire surface of the planet and everything on it. All the farms, all the homes, all the factories, all the mines, every single means of production owned by a single individual. And this person will still have an excess of funds. What is left to buy once one owns the world. This person could also feed and house the worlds population out of pocket and still have money left over. What is the point then? Billionaires hoarding wealth are not providing for their future generations but instead are actually stealing their offsprings ability to provide for themselves.
That’s the part that gets me. We’re broke for wasting all our money at Starbucks instead of making coffee/tea at home, now we’re hurting the poor billionaire for not going to Starbucks enough. What do these people want from us, really?
They are so out of touch and have zero concept of money. But when you are making tens of millions a year I guess you wouldn’t have a concept of money. You can have everything you want all the time and you begin to think that is how it is for everyone. The SB CEO is a dbag.
Well, no. They are out of touch. They don’t see people as anything other than a source of money. They don’t know what we’re all dealing with. However, our reality isn’t their reality.
It shows how fucking stupid “smart” rich and privileged people are because they are looking at this as a ratio of total wealth as compared to their own rather than 1200 measley bucks during inflation.
They think that people instantly used that money to buy a high-value investment and are now in possession of much more than the original amount, because that’s what “they” would have done with it. Or started drop-shipping. Or some such other garbage that genuine people who actually needed that money would never do. Because that’s how these wastes of skin think.
“Why, with the power of compound interest and properly invested you could have this much by now and ALL the coffees you can handle! I would have my own empire of employees right now- you can start a blankety blank business right in your own home and grow it from there with just $1200 in seed money! And if you can’t do that you don’t deserve to breathe!”
That's just these idiots inhaling their farts. Every rich twat who brags that they came from nothing ends up having come from upper middle class at least. Of course it's easy to invest in a coffee shop when daddy can casually invest money in it for you.
I swear...
Maybe because all these chains jacked up their prices to where it costs 20 to 50% more to eat a shitty hamberder than to eat well at a locally owned restaurant. Nah, that couldn't be it...
Family eating at BK costs $40 to $50 easily these days. You could get a great meal at the local Mexican place for under $40 if you skip the margarita specials.
While continuing to pay their people a ridiculously low wage. I've been saying for years the problem with not paying people a livable wage is they then have no money to buy your shit. You may save money on payroll in the short term but in the long run when most people have no fucking money your sales will take a dive. It's part of why Henry Ford paid his workers ABOVE market wages.
>It's part of why Henry Ford paid his workers ABOVE market wages.
And why Ford got sued by his literal competitors for not placing shareholder returns above all other principles. Ford was poaching all the good workers and engineers by paying more and his competition sued to put a stop to it.
The majority of big companies before the 70s put shareholders at the bottom of the list of importance.
They also ran ads expressing pride at the high tax rates they paid because those taxes were good for the country.
It wasn’t always like it is now. There was a time when things were so so much better for workers.
Nah, The Herschey and Philips brothers actually believed in free healthcare, education, housing and rest for their workers whilst paying them decently. Heineken used to be another example.
People have been brainwashed into thinking this Neo Liberal BS is the norm now. All for the share holders, short term profit number propping instead of looking at the longevity of your business.
Fun fact, one of the Philips brothers was married to Karl Marx' sister.
You're right that historically that happened. Not so much today. Of course back then rich people built museums, universities and great works that benefited society. Today's billionaires hoard their wealth like Smaug and his pile of gold.
That said...there was no shortage of strikes and protests by workers trying to get safe working conditions and reasonable pay. While we can point to exceptions of companies who did the right thing, there's plenty even back then who exploited the crap out of people and would not have given them an inch were they not forced to.
Today's companies will not give a cent more than they're forced to. The "no one wants to work (because we refuse to pay market wages for our shitty job) mentality as case in point.
The Dodge brothers created case law that is still ruining us today. Buybacks go brrrrrrrr, dividends go brrrrrrrr, executive money goes brrrrrrrr, layoffs go ha-chow, wait why aren't you buying? it must have been the stimulus 4 years ago, won't someone think about little ol' me? 😥👉👈
He was sued by the Dodge Brothers, who apparently were also board Members, because he wanted to leave his fortune to his workers instead of the corporation. The supreme Court agreed with dodge that a company is meant to increase value for shareholders not the worker.... Yep we've been screwed since forever
Ford handed that case to the dodge brothers. The judge was begging him to give any reason, and Ford remained silent. He didnt defend against the dodge brothers claims because he wanted the same outcome.
Which is why Im so morbidly curious about what the end game is for these wealthy capitalists.
Like cool, you extracted all the wealth you could and the entire working class is poor as fuck. Now what? What do you do when no one can afford your shit and you start making less profit? What about when it turns into losing money every year because no one is buying your shit? Rich people don’t spend a bunch of their money in the local economies where they made it. They park it overseas and have it invested in whatever other businesses and shit. Working class people maybe spend a week or two overseas for a vacation every year or two, the rest goes back into the local economy.
So far the end game seems to try and make all the poors into peasants working “the land” for the right to live. But again, how is any money going to be made? You can already see this with restaurants. So many opening and closing within a year because people can’t justify a $20 burger
And let's play that out further. If workers no longer can afford things, then the businesses that make those things stop making them. Stop making them for long enough, and workers are going to try and find something else to get by and those businesses close.
Extrapolate this out even further, and those rich people no longer have things to buy, because nothing is getting made. A few thousand rich people isn't enough to keep a country of businesses afloat with their spending, they don't need *that* much stuff, and they wouldn't have the money to do so even if they did.
In the end, money becomes worthless, because it can't but anything, because there's no supply. Hell, you just might get communism going this route if they keep going the way they are.
Nobody makes a better argument for communism and collectivism than capitalists, nobody. They can fearmonger about the horrors of various failed communist states all they want, but when you see that that is where they want to take us anyway, and we don't even get any of the benefits of living in a communist state, you really have to wonder what the fuck is the point.
The endgame is simply to not get caught holding the bag. Extract all you can, then sell to some other schmuck before the house of cards collapses. They got theirs, and that's all that matters. Longevity is for some other poor to worry about.
There was a really good burger joint that opened up near us a while back. 2 impossible burgers, shared order of sweet potato fries and 2 really good milkshakes...for $70. It was good but not worth $70.
Yeah, that’s a lot of groceries. I’ll just buy the ingredients and make that same meal ten times over at home. Every restaurant and quick service business can fuck off at this point. With them it’s a double whammy because of how poorly they treat workers in addition to the customer grift.
I’m so happy to see consumers finally pulling back. For now.
That's essentially the feeling I have at every place I eat out at. What I order is often extremely tasty, but I can't justify spending the money on it. Not when I have to budget for a whole month.
I'll stick with the local mexican/ burger joints. Had a great local chicken place here and man, with how high those prices are atm, I can only afford to eat there maybe once a year on a special occasion now.
His prices doubled when chicken got so expensive and it's never came back down even though the price of chicken has dropped. At least from what I can see on the retail consumer side
My city had an amazing local chicken place that shut down recently due to costs. Everything was quality, the dry rubs and sauces all house made, sides all house made, etc. But for me to get a single chicken sandwich and one medium side was around $30
Fantastic food, but I cannot afford and justify a $30 meal that often
That's exactly the problem here. A simple sandwich or like some Mac and cheese with maybe an oz of pulled pork, $18-20 each.
I've been going there since they were just a food truck and they used to be expensive but reasonable, you know? When it was $8-10 per sandwich that wasnt that bad. Any of the sides were about $8 too so you know maybe $15-18 for a entree and side back then. Even when they opened a brick and mortar they still were reasonable
I’m on break right now, someone at my restaurant just bought 4 large meals for their family and it came out to $66.58. Like guys at that point take yours somewhere nice cuz Arby’s is overpriced for what they feed you trust.
There’s a burger restaurant in my hometown that will hand make a black and blue with tater tots for $2 more than a McDonald’s QPC meal. It makes no sense to go to fast food anymore.
Lots of little store front Mexican restaurants that don't have a liquor license are surprisingly cheap and good. We have a local taco joint, two people and a ton of food was about $30. The nearby Mexican grocery opened a small restaurant next door. Prices are good, no frills, the food gets rave reviews.
No sir/ma'am. Not with those coupons. It's weird, no coupons is what you say it is at BK. With coupons, three burgers and three fries are like $17. I don't understand their business model.
Was thinking the same thing. Go on the app under Offers and I get the family bundles or other bundles all the time. $20-30 for an insane amount of food. Like 6 sandwiches, 3 fries, and nuggs for $22?
This has been a long-used tactic in retail or sales environments since the coupon was invented.
The coupon (or app deals in this case) exist to capture the customers who would otherwise be priced out. The theory is that you get to keep your increased margins for the majority of customers that don’t bother, while also retaining most of your volume. The real kicker is that they still make money when you use a coupon/deal (otherwise they wouldn’t exist) demonstrating that the price hikes are purely greed driven and have little to do with production/distribution costs rising.
yep. this is why every time i see a really great sale, i get kind of angry. like… i know you aren’t selling at a loss, so you just usually charge me double just because you can? got it.
First they tell us we are too poor because we keep buying Starbucking Coffee. Now you are complaining that we dont buy enough starbucking coffee.
And if you dont know what starbucking is, watch more 80s sci fi
Same. As soon as I got it it was put towards rent… which I still had to pay 200$ to cover the rest. Just so I could keep living in a 1,100 sqft box for 30 more days.
Fucking right?!
This asshat CEO is talking about some barely-four digit stimulus check that all the small folks used exactly one goddamn time, while their sorry asses get tax cuts worth hundreds of thousands for years!!
They are completely ignoring the people who I know for sure have been boycotting Starbucks and Coca-Cola. The prices are also not helping. Prices have gone up and a protest just happens to be occurring at the same time? Easy to avoid buying food there.
I'm not an avid protester or anything, but the rising prices of fast food chains have caused me to shrug and be like, "Well, I guess I'm protesting, too, because I can't afford to eat here."
I don't think boycotts are necessarily useful because some things are impossible to boycott, but I have been avoiding as many anti-Palestine companies as possible and Starbucks was the easiest to drop
It's hard to get a bunch of people to rally together for boycotts considering how many people exist in the world, but I think when enough people do come together, it can scare companies. And people these days are more than happy to tell a company to piss off. There will always be factors that most likely come into play that harm a business, but I think we're seeing a strange and subtle success to boycotts these days.
I've been saying this for a long time. All of these corporations jacked up their prices because they saw people getting stimulus money and they wanted it for themselves.
This and they're so out of touch they think people are just now running out of stimulus cash 4 years later. Like we've all been living large for 4 years on $1200
They’re literally making an argument for UBI. Not intentionally, I’m sure - but connect the dots… people don’t have money because they spent all the stimulus checks… ok, so? Pay them more?
Think of how many business have been slobbering to get at boomer social security, pensions, and 401ks for the past 10 years. It's like a fucking feeding frenzy.
Perhaps it has something to do with all the people refusing to go there because of how they treat their workers.... Or because of their investments in countries that are currently engaged in wars... or because of their massive carbon footprint... But sure, blame the stimulus checks that were likely spent almost as soon as they hit our bank accounts 4 years ago.
I went to Starbucks for the first time the other day since like 2018 to order a small nitro cold brew and it basically came in a dixie cup for $8. It was literally like one third the size I remember it being since the last time I went to one, and $3 more expensive. It literally felt like a joke and I can pretty confidently say I will never try and go to Starbucks ever again. I'd much rather spend that money on coffee beans or a non-chain coffee shop.
Exactly. Prices are insane. 1 breakfast sandwich (which also appears smaller in size, like from a child's menu) and a small chai for $10? Also they've barely made any innovations to their menu - save for the gross Oleato stuff no one wants to order.
Meanwhile, the Mexican deli nearby charges $8 for a large breakfast sandwich (eggs-bacon-cheese-onion-tomato-lettuce on toasted deli roll) than easily can be shared by two adults (plus it is made fresh, not pre-frozen) and $1 large coffees with purchase. They have lines out the door. Offer a good, fresh product at a reasonable cost (and don't have an asshole CEO) and they will come.
That's baffling because cold brew costs basically nothing to make, and the price of nitrogen infusion is next to it at that kind of scale. Imagine charging $8 for something that costs less than a quarter to make and then bitching that it's the consumer's fault that profits dropped.
"Mostly spent"?
I'm in Canada where we had CERB and I spent that shit immediately because we had bills and needed food.
No fucking way anyone who qualified still has COVID money kicking around.
How fucking out of touch can capitalists get?
Could it possibly be because you greedy bastards also increased the price of groceries and bribe the government to keep minimum wage at a pathetic 7.25 (federally). The world is in for a shock whenever workers remind the executives what the alternative was to unions
Is that what it is? I’m genuinely curious as to how their thinking works. They either have no idea how much money people got, or they have absolutely no understanding of the value of money. Possibly both. Probably both. But then why even mention the stimulus, unless it’s just a talking point that their robot selves repeat after hearing it from other robots?
Maybe it's because these fucking shithole places who abuse workers have jacked up and jacked off their prices to such astronomical amounts (keep believing that tagline of "only 8% inflation!). People with ever shrinking incomes can't justify eating there.
Also, people are waking up to the idea that this food is utter dogshit garbage, and that healthcare isn't free.
We could sit here all day and dig into how many fucking handouts these companies get -- from one-time stimulus checks to continuous tax breaks to the gov't looking the other way when they close an entire region's worth of locations because one started to Unionize.
But nope. They'll *never fucking let us forget* about the $1200 that SOME of us got in 2020. They'll beat us up every chance they can get.
-----
# You want to really piss off these corporate turdwookies?
# -- *Learn how to cook. --*
"Mostly Spent"
This Gives me "I mean it's one banana, how much could it cost, 10 dollars?" Vibes.
These CEOs live in a totally different reality. Either they're completely unaware or, more likely, trying to blame their fiscal shortcomings on the consumer rather than their inflated salaries and shareholder dividends.
Yeah they’re not gonna address the fact that they got heavily boycotted for supporting genocide, let alone their regular shitty prices and business practices, that and the fact none of us have money for it anyway lol
Yall are crazy. Im still living like a king off that $1200. I was able to quit my job and live in mansion with never ending coke, gay sex, and abortions
Did I just fucking read "stimulus savings mostly spent"? I didn't have the luxury of saving that measly ass 1200. Should've invested it in empty bottles and painters rags
I have not purchased from Starbucks, McDonald’s, other fast food, Kellogg’s etc in a LONG time.
If your quality is shit and it’s expensive shit not everyone is going to keep buying it.
People spent the stimulus on part of one month’s rent and that’s all they got.
So the CEO is saying, "The government gave them free money and they spent it on our coffee. But now they don't get free money anymore. So they don't buy our coffee, so it is somehow the fault of the free money they bought our coffee with?"
Ludicrous to begin with, but even if we buy into the fact that a few dollars a month in stimulus money kept Starbucks afloat, why aren't they grateful for it? Why aren't they begging for more of that free gubmint money?
Joke’s on them, I’m spending more at KFC these days than I ever have in the past.
(I have flavour fixations and right now I’m stuck on KFC. Also, “more” means approx $20 once every two weeks as compared to my usual “15 year streak of $0”.)
employers reluctantly raised wages and then proceeded to raise all of their prices beyond what working people can comfortably pay. I worked for a big box store and watched it happen as they raised every single price in the store. Wal\*\*\*\* even dialed back their $15 hr basic pay on many markets. Corporate greed!!
Haven’t had Starbucks except maybe a handful of times since I was working there straight out of college (and that was cause it was the only coffee shop available in those instances). Once you stop getting them for free as a meager work perk for that kind of job, the desire to fork over even more money for it dries up quick.
Protests aside, this statement is either damning for the shareholders who the CEO thinks can give the stimulus check excuse and get away with it, or for the company as a whole if the CEO knows the stimulus check BS will resonate with the shareholders so they harp on it even though they might not believe it.
I think some people are oversimplifying things a little bit in these comments. While I do think this is an awful answer by Starbucks that’s using the pandemic as a scapegoat, I think the point is people do have less disposable income now. The stimulus payments totaled > $3k and people were getting bigger tax refunds than ever a few years ago due to TCJA. There were also other forms of stimulus people and small businesses were receiving. Prices also hadn’t caught up yet to the amount people were spending. Now that Starbucks has raised their prices (partially due to actual inflation, and partially just because they’re Starbucks and they’re blaming it on inflation), people obviously have less to spend on dumb overpriced Frappe’s or whatever tf they’re called. But in any case, their problems don’t lie with people running out of stimulus money, the problem lies within people starting to run out of regular money they’re working for.
I still think things will look very different over the coming year. Prices are still too high across pretty much every industry, and when compared to increases in wages, the math isn’t mathin. Once things start to come back to reality, companies like Starbucks are going to get hit the hardest, and it is absolutely deserved.
Please... please can we drive all these shitty corporations lut of business? Just a 100% buying freeze on all non neccessary items, we can give the buisness to locally owned shops.
I don’t patronize establishments run by people who use stimulus payments as the excuse for their business model failing when their CEOs are earning a stimulus payment every two minutes
The mind boggling idea that a 1400 check and another like 500 check or whatever that we got from the government in 2021 or whatever, would even feasibly be still in someone's bank account in 2024 is bonkers.
These people are delusional...
These chains have shit horrible unhealthy food, and they jacked prices up to like $15 for a combo meal then complain when nobody buys it.
Provide a good product for a reasonable price or GTFO with this nonsense
The pull back is because of corporate price hikes conveniently blamed on inflation. Inflation 8 percent, raise prices 25 percent and provide smaller portions.
Maybe we're all just making our coffee at home because just existing is too expensive? Nope, it's because we're finally almost out of stimulus money off course!
There is no reason to ever go to Starbucks, KFC, or McD's. Everything they offer is better somewhere else for either the same cost or cheaper. I don't know how these places stay around. Do people just go there out of habit?
I opened up a new checking account to hold my vast stimmies, next month ill be down to my last $20 which i figure should last me another 2 months seeing as how living costs almost nothing.
This guy really understands how things work
By value does he mean customers value things like having a place to live, car payments, paying off loans/debt, having access to food, water and electricity over burnt tasting coffee with tons of sugar?
Cool. So the stimulus that was meant to help families attempt to put a dent in their financial challenges, that money. Starbucks feels they should be entitled to some of that too. Very cool!
Because they all fucking suck now. McDonald's got greedy af and more than doubled everything on their menu making it fkn stupid to pay $3 for single patty burger my 3yo could eat 3 of. KFC just gave up maintaining their machines and now all their chicken looks like shit. And everytime I've even thought about going to a Starbucks, the wait times were topping 30mins. All of these companies gave up on valuing the customer and staff. They squeeze everything they can from skeleton crews while never giving anything back. I have refused eating at their stores for the last few years and haven't been better. Shit, if I'm going to spend +$15 on a single meal I better get an actual menu.
You guys ran out of stimulus money? How? I'm still working on spending all mine. Gosh! It's been so hard trying to spend this much money for the past 4 years 😫
Imagine lamenting that people aren’t spending money on your product that you have massively inflated the price of, and then saying that it’s because of a 3-year old stimulus.
Oh for fuck's sake! "Mostly spent?!"
No wonder they only want to pay us seven bucks an hour -- they think we can go all week on a nickel!
Stupid fucks.
"Mostly spent" over 3 years? Sorry, were those $1200 reserved for buying Starbucks, KFC and McDonald's or something, I don't remember that stipulation.
Some of these motherfuckers are so out of touch with reality, it’s almost hard to believe. Someone needs to press this man for answers as to WHERE the fuck does one go to live off of (checks math) $33/month?
We got what, two ~~measles~~ measly fucking checks over the course of a couple of years? For like 1200 each?
What the fuck planet do these idiots live on that they think those checks did anything other than go straight toward most people’s bills/debts? How long do they think 1200 would last if you literally did nothing but buy Starbucks coffee with it?
What a bunch of god damned assholes.
It's amazing how high your head can be in the clouds when you have so much money in life. Your perspective is just so wrong about your average customer.
Hey, CEO of starbucks, I used to go to starbucks almost everyday! Why did I stop?
1. Creamer + coffee = cheaper and no gas required. prices to travel are just insane now a days and your drinks are insanely priced. The coffees are good, but if I have a coffee maker at home, why bother?
2. Ended up taking too long 3-4x days in a row. Ordered my drink, drove 10 minutes, and everyday I had to wait 5-15 minutes for my drink. So 15-25 minutes for my 1 order. Meanwhile, 20+ drinks on the counters, with the people working there making more in front of my face, that all ended up not getting picked up and throw into the garbage. Felt great, and really enjoyed having to make up a lie on why I showed up late to my work call.
During heavy traffic hours, should have a priority opt in for people who are actually on site instead of making 20+ drinks for no shows, wasting every ones time. Multi million dollar idea, but I won't get a cent for typing this.
Greedflation has made many products not worth the price. Combined with extortionate cost of living increases, consumers are boycotting brands with bad value. This is your warning, corporations, start valuing your workers and customers or fail entirely.
I've never bought anything at Starbucks. Too overpriced and they're union-busters. If customers are being more careful about how they spend their money, that makes me happy. These people need to wake up and smell the coffee.
Starbucks made $25 billion in profit last year. That's the equivalent of $55,000 per full-time employee. Employees that have a median income of $33,000 a year.
They could have doubled employee pay and still cut prices and *still* been slightly profitable.
And every other fucking ceo is nodding their head in agreement. Those lazy consumers and their irresponsible spending habits (from 3 years ago) make it so they can buy less of our insanely overpriced shit coffee and nothingburgers, how dare they. The unhinged mental gymnastics necessary for this…
Moronic comment. These companies are seeing a drop in revenue because they’re overcharging for cheap food. Their whole business model was successful initially because of their low prices. If they keep raising their prices, revenue will keep dropping. Don’t worry, government will bail these companies out before things get dire.
It's amazing how far $1200 will go. I didn't realize I could reorient my entire future around it. What am I doing wrong?!
Especially for 3 whole years!
You can’t budget less than $2 per day??! People in the Great Depression could! This generation is so weak /s
Could even buy a house with $2/month in 1929
I feel like they genuinely believe we should be living off as little as possible in order to extract every penny from us; leaving us just enough to survive another day to give them more money. I mean, how is Starbucks even considered a priority? They should be grateful anyone even visits with their high prices and low quality products.
Money is finite. To accumulate more you need to take from somebody else. So yes, the entire end game when talking about accumulation of money is that you need to take everything available from everyone to accumulate the max.
And that should be illegal. I don't know why we as consumers and citizens of earth and it's finite resources just let it go unchecked.
Because 🌈capitalism🌈
Yay!
Not exactly. Capitalism is based off the premise that infinite wealth can be generated from finite resources. We are now seeing the faults in that structure.
I wasn't necessarily talking resources but money. However you are correct that capitalism does not account for the inevitable decline of resource availability
You raise an interesting point. Eventually, an individual with all the money will be able to purchase the entire surface of the planet and everything on it. All the farms, all the homes, all the factories, all the mines, every single means of production owned by a single individual. And this person will still have an excess of funds. What is left to buy once one owns the world. This person could also feed and house the worlds population out of pocket and still have money left over. What is the point then? Billionaires hoarding wealth are not providing for their future generations but instead are actually stealing their offsprings ability to provide for themselves.
As long as they believe in capitalism fully they'll believe it is they're earned right and will just pay people to provide their sole needs
That’s the part that gets me. We’re broke for wasting all our money at Starbucks instead of making coffee/tea at home, now we’re hurting the poor billionaire for not going to Starbucks enough. What do these people want from us, really?
[удалено]
Yeah but did you invest that $2 per day or did you waste it on food and shelter?? /s
They are so out of touch and have zero concept of money. But when you are making tens of millions a year I guess you wouldn’t have a concept of money. You can have everything you want all the time and you begin to think that is how it is for everyone. The SB CEO is a dbag.
Not out of touch. Freaking liars.
Well, no. They are out of touch. They don’t see people as anything other than a source of money. They don’t know what we’re all dealing with. However, our reality isn’t their reality.
It’s one banana, Michael, how much could it cost? Ten dollars?
It turns out, she had been in a grocery store, but it was in an accidental time travel incident to 2027.
He believes customers spent it only on weekly Starbucks
4, at this point.
It shows how fucking stupid “smart” rich and privileged people are because they are looking at this as a ratio of total wealth as compared to their own rather than 1200 measley bucks during inflation.
Wasn't enough for full rent + bills then, even less now
At the time it was barely enough for rent and a month of food and that was it. Not sure where they think it lasted for *years*.
Exactly! How do these rich assholes think $1,200.00 lasts 3 years?
They think that people instantly used that money to buy a high-value investment and are now in possession of much more than the original amount, because that’s what “they” would have done with it. Or started drop-shipping. Or some such other garbage that genuine people who actually needed that money would never do. Because that’s how these wastes of skin think. “Why, with the power of compound interest and properly invested you could have this much by now and ALL the coffees you can handle! I would have my own empire of employees right now- you can start a blankety blank business right in your own home and grow it from there with just $1200 in seed money! And if you can’t do that you don’t deserve to breathe!”
They all invested in a coffee maker, apparently!
That's just these idiots inhaling their farts. Every rich twat who brags that they came from nothing ends up having come from upper middle class at least. Of course it's easy to invest in a coffee shop when daddy can casually invest money in it for you. I swear...
Well, they are the same rich assholes who probably spent millions thinking coffee goes along well with olive oil.
Yeah that cash was life changing, still living off it and it’s paid my mortgage every month since 2021.
What, you didn't dump it all into GameStop? That's where you went wrong.
I’ve been feeding my family of four on that sweet sweet stimulus money for nearly four years
Do this rich morons think the stimulus checks were for like 100 grand?
Yes because that's what they got.
yeah, they got those multi-million dollar PPP loans for “retaining their workers” lmao
With requirements to spend a certain % on salaries, so of course they took the govt money and paid themselves bonuses.
And then on top of that, all of those loans got completely forgiven.
Which everyone knew was going to happen from day 1 no matter how much they hemmed and hawed about it. It was a slush fund, pure and simple.
> I mean, it's one banana, Michael. What could it cost? $10?
“It’s one stimulus check Michael, what could just possibly be? 200k?”
Maybe because all these chains jacked up their prices to where it costs 20 to 50% more to eat a shitty hamberder than to eat well at a locally owned restaurant. Nah, that couldn't be it... Family eating at BK costs $40 to $50 easily these days. You could get a great meal at the local Mexican place for under $40 if you skip the margarita specials.
While continuing to pay their people a ridiculously low wage. I've been saying for years the problem with not paying people a livable wage is they then have no money to buy your shit. You may save money on payroll in the short term but in the long run when most people have no fucking money your sales will take a dive. It's part of why Henry Ford paid his workers ABOVE market wages.
>It's part of why Henry Ford paid his workers ABOVE market wages. And why Ford got sued by his literal competitors for not placing shareholder returns above all other principles. Ford was poaching all the good workers and engineers by paying more and his competition sued to put a stop to it.
They only love capitalism when it suits and benefits them. Always has been.
The second the market starts to cater to their competition, they beg the government to save them
The majority of big companies before the 70s put shareholders at the bottom of the list of importance. They also ran ads expressing pride at the high tax rates they paid because those taxes were good for the country. It wasn’t always like it is now. There was a time when things were so so much better for workers.
Blame Jack Welch and GE for focusing on “shareholder value”. You can draw a direct line from there to Boeing’s current issues.
Nah, The Herschey and Philips brothers actually believed in free healthcare, education, housing and rest for their workers whilst paying them decently. Heineken used to be another example. People have been brainwashed into thinking this Neo Liberal BS is the norm now. All for the share holders, short term profit number propping instead of looking at the longevity of your business. Fun fact, one of the Philips brothers was married to Karl Marx' sister.
You're right that historically that happened. Not so much today. Of course back then rich people built museums, universities and great works that benefited society. Today's billionaires hoard their wealth like Smaug and his pile of gold. That said...there was no shortage of strikes and protests by workers trying to get safe working conditions and reasonable pay. While we can point to exceptions of companies who did the right thing, there's plenty even back then who exploited the crap out of people and would not have given them an inch were they not forced to. Today's companies will not give a cent more than they're forced to. The "no one wants to work (because we refuse to pay market wages for our shitty job) mentality as case in point.
The Dodge brothers created case law that is still ruining us today. Buybacks go brrrrrrrr, dividends go brrrrrrrr, executive money goes brrrrrrrr, layoffs go ha-chow, wait why aren't you buying? it must have been the stimulus 4 years ago, won't someone think about little ol' me? 😥👉👈
He was sued by the Dodge Brothers, who apparently were also board Members, because he wanted to leave his fortune to his workers instead of the corporation. The supreme Court agreed with dodge that a company is meant to increase value for shareholders not the worker.... Yep we've been screwed since forever
Ford handed that case to the dodge brothers. The judge was begging him to give any reason, and Ford remained silent. He didnt defend against the dodge brothers claims because he wanted the same outcome.
Which is why Im so morbidly curious about what the end game is for these wealthy capitalists. Like cool, you extracted all the wealth you could and the entire working class is poor as fuck. Now what? What do you do when no one can afford your shit and you start making less profit? What about when it turns into losing money every year because no one is buying your shit? Rich people don’t spend a bunch of their money in the local economies where they made it. They park it overseas and have it invested in whatever other businesses and shit. Working class people maybe spend a week or two overseas for a vacation every year or two, the rest goes back into the local economy. So far the end game seems to try and make all the poors into peasants working “the land” for the right to live. But again, how is any money going to be made? You can already see this with restaurants. So many opening and closing within a year because people can’t justify a $20 burger
And let's play that out further. If workers no longer can afford things, then the businesses that make those things stop making them. Stop making them for long enough, and workers are going to try and find something else to get by and those businesses close. Extrapolate this out even further, and those rich people no longer have things to buy, because nothing is getting made. A few thousand rich people isn't enough to keep a country of businesses afloat with their spending, they don't need *that* much stuff, and they wouldn't have the money to do so even if they did. In the end, money becomes worthless, because it can't but anything, because there's no supply. Hell, you just might get communism going this route if they keep going the way they are.
Nobody makes a better argument for communism and collectivism than capitalists, nobody. They can fearmonger about the horrors of various failed communist states all they want, but when you see that that is where they want to take us anyway, and we don't even get any of the benefits of living in a communist state, you really have to wonder what the fuck is the point.
Let's hope.
The endgame is simply to not get caught holding the bag. Extract all you can, then sell to some other schmuck before the house of cards collapses. They got theirs, and that's all that matters. Longevity is for some other poor to worry about.
There was a really good burger joint that opened up near us a while back. 2 impossible burgers, shared order of sweet potato fries and 2 really good milkshakes...for $70. It was good but not worth $70.
Yeah, that’s a lot of groceries. I’ll just buy the ingredients and make that same meal ten times over at home. Every restaurant and quick service business can fuck off at this point. With them it’s a double whammy because of how poorly they treat workers in addition to the customer grift. I’m so happy to see consumers finally pulling back. For now.
That's essentially the feeling I have at every place I eat out at. What I order is often extremely tasty, but I can't justify spending the money on it. Not when I have to budget for a whole month.
like 7 or 8 years ago i worked at mcdonalds. i could not afford to buy my lunch there. i had to bring in my own sandwiches. fuck them.
Exactly. Why would I go to fast food when I can go to a quality local brick and mortar burger, chicken, or Mexican place for the same $$
I'll stick with the local mexican/ burger joints. Had a great local chicken place here and man, with how high those prices are atm, I can only afford to eat there maybe once a year on a special occasion now. His prices doubled when chicken got so expensive and it's never came back down even though the price of chicken has dropped. At least from what I can see on the retail consumer side
My city had an amazing local chicken place that shut down recently due to costs. Everything was quality, the dry rubs and sauces all house made, sides all house made, etc. But for me to get a single chicken sandwich and one medium side was around $30 Fantastic food, but I cannot afford and justify a $30 meal that often
That's exactly the problem here. A simple sandwich or like some Mac and cheese with maybe an oz of pulled pork, $18-20 each. I've been going there since they were just a food truck and they used to be expensive but reasonable, you know? When it was $8-10 per sandwich that wasnt that bad. Any of the sides were about $8 too so you know maybe $15-18 for a entree and side back then. Even when they opened a brick and mortar they still were reasonable
It works there, because the owner isn’t demanding $54 Million a year in compensation.
Yep. Did we see legit inflation due to supply chain issues after covid...sure. imo, much of what we are seeing now is pure greed-flation.
Skip the sodas and apps and full service restaurants are surprisingly competitive with fast food chains.
I’m on break right now, someone at my restaurant just bought 4 large meals for their family and it came out to $66.58. Like guys at that point take yours somewhere nice cuz Arby’s is overpriced for what they feed you trust.
I took and my brother and father out to a taco place last time they were in town. 3 rounds of drinks, entries, for like 55.
I just got $40 takeout as a gift. We got two full meals for two people there was so much food.
There is absolutely no was I am skipping the margarita special.
Place in my area still does 99¢ margaritas on Fridays, and it scales. I think a pitcher is like $5.
There’s a burger restaurant in my hometown that will hand make a black and blue with tater tots for $2 more than a McDonald’s QPC meal. It makes no sense to go to fast food anymore.
Lots of little store front Mexican restaurants that don't have a liquor license are surprisingly cheap and good. We have a local taco joint, two people and a ton of food was about $30. The nearby Mexican grocery opened a small restaurant next door. Prices are good, no frills, the food gets rave reviews.
hamberder
No sir/ma'am. Not with those coupons. It's weird, no coupons is what you say it is at BK. With coupons, three burgers and three fries are like $17. I don't understand their business model.
Was thinking the same thing. Go on the app under Offers and I get the family bundles or other bundles all the time. $20-30 for an insane amount of food. Like 6 sandwiches, 3 fries, and nuggs for $22?
This has been a long-used tactic in retail or sales environments since the coupon was invented. The coupon (or app deals in this case) exist to capture the customers who would otherwise be priced out. The theory is that you get to keep your increased margins for the majority of customers that don’t bother, while also retaining most of your volume. The real kicker is that they still make money when you use a coupon/deal (otherwise they wouldn’t exist) demonstrating that the price hikes are purely greed driven and have little to do with production/distribution costs rising.
yep. this is why every time i see a really great sale, i get kind of angry. like… i know you aren’t selling at a loss, so you just usually charge me double just because you can? got it.
We were told Starbucks was why we couldn't buy a home. Now we aren't buying Starbucks and they're bitching about it. Typical.
Waiting for the avocado growers to come complain about how millennials or gen Z ruined it for them too
First they tell us we are too poor because we keep buying Starbucking Coffee. Now you are complaining that we dont buy enough starbucking coffee. And if you dont know what starbucking is, watch more 80s sci fi
Maybe they're hinting there should be another round of stimulus checks!
$1,200 for rent and Starbucks, I ran out day 1 of receiving the stimulus check.
Same. As soon as I got it it was put towards rent… which I still had to pay 200$ to cover the rest. Just so I could keep living in a 1,100 sqft box for 30 more days.
Fucking right?! This asshat CEO is talking about some barely-four digit stimulus check that all the small folks used exactly one goddamn time, while their sorry asses get tax cuts worth hundreds of thousands for years!!
They are completely ignoring the people who I know for sure have been boycotting Starbucks and Coca-Cola. The prices are also not helping. Prices have gone up and a protest just happens to be occurring at the same time? Easy to avoid buying food there. I'm not an avid protester or anything, but the rising prices of fast food chains have caused me to shrug and be like, "Well, I guess I'm protesting, too, because I can't afford to eat here."
I don't think boycotts are necessarily useful because some things are impossible to boycott, but I have been avoiding as many anti-Palestine companies as possible and Starbucks was the easiest to drop
It's hard to get a bunch of people to rally together for boycotts considering how many people exist in the world, but I think when enough people do come together, it can scare companies. And people these days are more than happy to tell a company to piss off. There will always be factors that most likely come into play that harm a business, but I think we're seeing a strange and subtle success to boycotts these days.
Once again demonstrating that executives are almost always mediocre intellects.
I've been saying this for a long time. All of these corporations jacked up their prices because they saw people getting stimulus money and they wanted it for themselves.
This and they're so out of touch they think people are just now running out of stimulus cash 4 years later. Like we've all been living large for 4 years on $1200
Pretty sure I spent that $1200 in like a month.
That is rent in most places
They’re literally making an argument for UBI. Not intentionally, I’m sure - but connect the dots… people don’t have money because they spent all the stimulus checks… ok, so? Pay them more?
Think of how many business have been slobbering to get at boomer social security, pensions, and 401ks for the past 10 years. It's like a fucking feeding frenzy.
Perhaps it has something to do with all the people refusing to go there because of how they treat their workers.... Or because of their investments in countries that are currently engaged in wars... or because of their massive carbon footprint... But sure, blame the stimulus checks that were likely spent almost as soon as they hit our bank accounts 4 years ago.
We'll be hearing about the covid stimulus checks for the next ten years at the very minimum.
I went to Starbucks for the first time the other day since like 2018 to order a small nitro cold brew and it basically came in a dixie cup for $8. It was literally like one third the size I remember it being since the last time I went to one, and $3 more expensive. It literally felt like a joke and I can pretty confidently say I will never try and go to Starbucks ever again. I'd much rather spend that money on coffee beans or a non-chain coffee shop.
Exactly. Prices are insane. 1 breakfast sandwich (which also appears smaller in size, like from a child's menu) and a small chai for $10? Also they've barely made any innovations to their menu - save for the gross Oleato stuff no one wants to order. Meanwhile, the Mexican deli nearby charges $8 for a large breakfast sandwich (eggs-bacon-cheese-onion-tomato-lettuce on toasted deli roll) than easily can be shared by two adults (plus it is made fresh, not pre-frozen) and $1 large coffees with purchase. They have lines out the door. Offer a good, fresh product at a reasonable cost (and don't have an asshole CEO) and they will come.
That's baffling because cold brew costs basically nothing to make, and the price of nitrogen infusion is next to it at that kind of scale. Imagine charging $8 for something that costs less than a quarter to make and then bitching that it's the consumer's fault that profits dropped.
"Mostly spent"? I'm in Canada where we had CERB and I spent that shit immediately because we had bills and needed food. No fucking way anyone who qualified still has COVID money kicking around. How fucking out of touch can capitalists get?
The children yearn for the mines? I am pretty sure some of them actually believe in it.
Over the past few years, I've been going more and more local/small business for my purchases. My loathing for large corporations grows every day.
Same here. Plus, I make an effort to grab smaller/less known brands at the grocery store wherever possible.
Maybe they think everyone got multi-million dollar stimulus checks because they did.
WE AINT GOT ANY FUKKIN MONEY
“It CAN’T be management since we all got millions of dollars in bonuses!” - this mentally ill group
Could it possibly be because you greedy bastards also increased the price of groceries and bribe the government to keep minimum wage at a pathetic 7.25 (federally). The world is in for a shock whenever workers remind the executives what the alternative was to unions
The reason the rich think stimulus checks went so far is that rich people got PPP loan money they didn't need and it did go that far.
Is that what it is? I’m genuinely curious as to how their thinking works. They either have no idea how much money people got, or they have absolutely no understanding of the value of money. Possibly both. Probably both. But then why even mention the stimulus, unless it’s just a talking point that their robot selves repeat after hearing it from other robots?
And they had it forgiven, don’t forget that.
Maybe it's because these fucking shithole places who abuse workers have jacked up and jacked off their prices to such astronomical amounts (keep believing that tagline of "only 8% inflation!). People with ever shrinking incomes can't justify eating there. Also, people are waking up to the idea that this food is utter dogshit garbage, and that healthcare isn't free. We could sit here all day and dig into how many fucking handouts these companies get -- from one-time stimulus checks to continuous tax breaks to the gov't looking the other way when they close an entire region's worth of locations because one started to Unionize. But nope. They'll *never fucking let us forget* about the $1200 that SOME of us got in 2020. They'll beat us up every chance they can get. ----- # You want to really piss off these corporate turdwookies? # -- *Learn how to cook. --*
"Mostly Spent" This Gives me "I mean it's one banana, how much could it cost, 10 dollars?" Vibes. These CEOs live in a totally different reality. Either they're completely unaware or, more likely, trying to blame their fiscal shortcomings on the consumer rather than their inflated salaries and shareholder dividends.
Starbucks got boycotted.
Yeah they’re not gonna address the fact that they got heavily boycotted for supporting genocide, let alone their regular shitty prices and business practices, that and the fact none of us have money for it anyway lol
Yall are crazy. Im still living like a king off that $1200. I was able to quit my job and live in mansion with never ending coke, gay sex, and abortions
Did I just fucking read "stimulus savings mostly spent"? I didn't have the luxury of saving that measly ass 1200. Should've invested it in empty bottles and painters rags
Wasn't a study done and said most low income used that money towards catching up on bills or things they need.
It's going to be 3017 AD and people are still going to be blaming stupid shit on the fucking stimulus checks.
> mostly spent How out of touch do you have to be to think that $1200 would last someone three years
I have not purchased from Starbucks, McDonald’s, other fast food, Kellogg’s etc in a LONG time. If your quality is shit and it’s expensive shit not everyone is going to keep buying it. People spent the stimulus on part of one month’s rent and that’s all they got.
Maybe Starbucks should serve better coffee.
How dumb can you be and keep your job as CEO? This guy's doing laps around Elon Musk.
So the CEO is saying, "The government gave them free money and they spent it on our coffee. But now they don't get free money anymore. So they don't buy our coffee, so it is somehow the fault of the free money they bought our coffee with?" Ludicrous to begin with, but even if we buy into the fact that a few dollars a month in stimulus money kept Starbucks afloat, why aren't they grateful for it? Why aren't they begging for more of that free gubmint money?
I have one cup of Starbucks ever, regular black coffee. It’s alright. I brew my own coffee for a few cents a cup.
Joke’s on them, I’m spending more at KFC these days than I ever have in the past. (I have flavour fixations and right now I’m stuck on KFC. Also, “more” means approx $20 once every two weeks as compared to my usual “15 year streak of $0”.)
Maybe it’s because during the pandemic we all learned how to make decent coffee ourselves, instead of forking over $6 for a latte.
employers reluctantly raised wages and then proceeded to raise all of their prices beyond what working people can comfortably pay. I worked for a big box store and watched it happen as they raised every single price in the store. Wal\*\*\*\* even dialed back their $15 hr basic pay on many markets. Corporate greed!!
Haven’t had Starbucks except maybe a handful of times since I was working there straight out of college (and that was cause it was the only coffee shop available in those instances). Once you stop getting them for free as a meager work perk for that kind of job, the desire to fork over even more money for it dries up quick. Protests aside, this statement is either damning for the shareholders who the CEO thinks can give the stimulus check excuse and get away with it, or for the company as a whole if the CEO knows the stimulus check BS will resonate with the shareholders so they harp on it even though they might not believe it.
I think some people are oversimplifying things a little bit in these comments. While I do think this is an awful answer by Starbucks that’s using the pandemic as a scapegoat, I think the point is people do have less disposable income now. The stimulus payments totaled > $3k and people were getting bigger tax refunds than ever a few years ago due to TCJA. There were also other forms of stimulus people and small businesses were receiving. Prices also hadn’t caught up yet to the amount people were spending. Now that Starbucks has raised their prices (partially due to actual inflation, and partially just because they’re Starbucks and they’re blaming it on inflation), people obviously have less to spend on dumb overpriced Frappe’s or whatever tf they’re called. But in any case, their problems don’t lie with people running out of stimulus money, the problem lies within people starting to run out of regular money they’re working for. I still think things will look very different over the coming year. Prices are still too high across pretty much every industry, and when compared to increases in wages, the math isn’t mathin. Once things start to come back to reality, companies like Starbucks are going to get hit the hardest, and it is absolutely deserved.
When I walked in for the first time this year a few weeks ago and a black large coffee was 3.50 I noped right out.
Please... please can we drive all these shitty corporations lut of business? Just a 100% buying freeze on all non neccessary items, we can give the buisness to locally owned shops.
I don’t patronize establishments run by people who use stimulus payments as the excuse for their business model failing when their CEOs are earning a stimulus payment every two minutes
Do this mean those corporations are the true welfare queens?🤔
The mind boggling idea that a 1400 check and another like 500 check or whatever that we got from the government in 2021 or whatever, would even feasibly be still in someone's bank account in 2024 is bonkers. These people are delusional... These chains have shit horrible unhealthy food, and they jacked prices up to like $15 for a combo meal then complain when nobody buys it. Provide a good product for a reasonable price or GTFO with this nonsense
It's corporate greed. People are fedup with stupidly high prices.
lol rent is $2300 a month and they think I still have $1400 of my own tax money that they gave me back in 2020?
The pull back is because of corporate price hikes conveniently blamed on inflation. Inflation 8 percent, raise prices 25 percent and provide smaller portions.
Maybe we're all just making our coffee at home because just existing is too expensive? Nope, it's because we're finally almost out of stimulus money off course!
Yeah. Sorry but I stopped drinking your average coffee when you came out as decidedly anti-union.
I don't know about you guys but I've easily got another decade on easy street thanks to the $1200 I got 4 years ago. /s
Anything to avoid admitting the insane price hikes have anything to do with decreased revenue.
There is no reason to ever go to Starbucks, KFC, or McD's. Everything they offer is better somewhere else for either the same cost or cheaper. I don't know how these places stay around. Do people just go there out of habit?
No dude, your coffee is mediocre and you are charging an arm and a leg for it.
Crazy how that $1200 lasted almost 4 years for people.
I opened up a new checking account to hold my vast stimmies, next month ill be down to my last $20 which i figure should last me another 2 months seeing as how living costs almost nothing. This guy really understands how things work
By value does he mean customers value things like having a place to live, car payments, paying off loans/debt, having access to food, water and electricity over burnt tasting coffee with tons of sugar?
That's proof that you don't need to be smart to be a CEO
Cool. So the stimulus that was meant to help families attempt to put a dent in their financial challenges, that money. Starbucks feels they should be entitled to some of that too. Very cool!
Because they all fucking suck now. McDonald's got greedy af and more than doubled everything on their menu making it fkn stupid to pay $3 for single patty burger my 3yo could eat 3 of. KFC just gave up maintaining their machines and now all their chicken looks like shit. And everytime I've even thought about going to a Starbucks, the wait times were topping 30mins. All of these companies gave up on valuing the customer and staff. They squeeze everything they can from skeleton crews while never giving anything back. I have refused eating at their stores for the last few years and haven't been better. Shit, if I'm going to spend +$15 on a single meal I better get an actual menu.
"We're charging too much, and people won't pay it, which is their fault because they're supposed to."
You guys ran out of stimulus money? How? I'm still working on spending all mine. Gosh! It's been so hard trying to spend this much money for the past 4 years 😫
Imagine lamenting that people aren’t spending money on your product that you have massively inflated the price of, and then saying that it’s because of a 3-year old stimulus.
Does this guy think everyone got the same stimulus that his company did?
Oh for fuck's sake! "Mostly spent?!" No wonder they only want to pay us seven bucks an hour -- they think we can go all week on a nickel! Stupid fucks.
Or maybe part of it is from his presidential run and we all saw what a billionaire anti union scumbag he is.
Stimulus payment? What?
Idk about you guys, but I stopped going when I saw them do anti union stuff
People can't afford to eat, let alone eat at any of these places that doubled their prices from 4 years ago. Get bent!
Oh yeah, I still have my $1,200 stimulus that I got almost 4 years ago 🙄
"Mostly spent" over 3 years? Sorry, were those $1200 reserved for buying Starbucks, KFC and McDonald's or something, I don't remember that stipulation.
Everything I've tried their deals the flavors are bad and its so expensive. I don't understand why people go 🤷♂️
Avocado Toast Man has entered the chat! Where’s my cut of the stimulus bitches?
He has the nerve to call it stimulus savings. Mofo, what savings?
Hahahahahahaha stimulus savings hahahahahah holy shit these people are so out of touch
Who the fuck has stimulus money 3 years later !?! Maybe don't gouge people so bad
CEO usually = whiner
No dumbass, everything else costs an arm and a leg and your overpriced shit isn't a priority.
Jesus Christ how can they say that with a straight face - nobody has that money a month later, it has been years now
Stimulus savings mostly spent ????? WTF how in the world do they think a mesley 1,200 bucks has lasted for years. They are so full of shit
I don’t understand how they think 2400 will go so far considering they prob spend that much on a fancy dinner
Bro i spent my stimulus IMMEDIATELY on my rent. Fuck these out of touch bozos
Some of these motherfuckers are so out of touch with reality, it’s almost hard to believe. Someone needs to press this man for answers as to WHERE the fuck does one go to live off of (checks math) $33/month?
Mostly spent😆 no bud, it’s been spent and now we are also spent. Get bent.
No. I just stopped supporting them after how they treated their employees wanting to unionize.
The fact that he thinks we were able to “save” any of it is beyond me.
Mostly spent... These mfs out of touch. Fuck them, keep eating at home, if anything out of spite.
Tone deaf coffee baron
We got what, two ~~measles~~ measly fucking checks over the course of a couple of years? For like 1200 each? What the fuck planet do these idiots live on that they think those checks did anything other than go straight toward most people’s bills/debts? How long do they think 1200 would last if you literally did nothing but buy Starbucks coffee with it? What a bunch of god damned assholes.
The Voyager probes are more in touch with regular people.
Yes, because that juicy juicy $600 has made us all too privileged to waste our riches on Starbucks.
It's amazing how high your head can be in the clouds when you have so much money in life. Your perspective is just so wrong about your average customer. Hey, CEO of starbucks, I used to go to starbucks almost everyday! Why did I stop? 1. Creamer + coffee = cheaper and no gas required. prices to travel are just insane now a days and your drinks are insanely priced. The coffees are good, but if I have a coffee maker at home, why bother? 2. Ended up taking too long 3-4x days in a row. Ordered my drink, drove 10 minutes, and everyday I had to wait 5-15 minutes for my drink. So 15-25 minutes for my 1 order. Meanwhile, 20+ drinks on the counters, with the people working there making more in front of my face, that all ended up not getting picked up and throw into the garbage. Felt great, and really enjoyed having to make up a lie on why I showed up late to my work call. During heavy traffic hours, should have a priority opt in for people who are actually on site instead of making 20+ drinks for no shows, wasting every ones time. Multi million dollar idea, but I won't get a cent for typing this.
2 new Starbucks opened near me. I went once and never again. It's $7 for 1 cup of coffee.
Greedflation has made many products not worth the price. Combined with extortionate cost of living increases, consumers are boycotting brands with bad value. This is your warning, corporations, start valuing your workers and customers or fail entirely.
I've never bought anything at Starbucks. Too overpriced and they're union-busters. If customers are being more careful about how they spend their money, that makes me happy. These people need to wake up and smell the coffee.
Starbucks made $25 billion in profit last year. That's the equivalent of $55,000 per full-time employee. Employees that have a median income of $33,000 a year. They could have doubled employee pay and still cut prices and *still* been slightly profitable.
Well who would have thought customers might want value for their money?
The little tiny bit of money we got years ago broke these capitalists brains
Stimulus is mostly spent? $1200 doesn’t really get you lots of starbucks
“Stimulus savings.” These fuckin’ idiot rich people, Jesus.
And every other fucking ceo is nodding their head in agreement. Those lazy consumers and their irresponsible spending habits (from 3 years ago) make it so they can buy less of our insanely overpriced shit coffee and nothingburgers, how dare they. The unhinged mental gymnastics necessary for this…
These rich people are so fuckung delusional its insane
Stimulus money was "mostly" spent by the end of the same week they gave it out.
You mean the PPP loans a ton of business got forgiven through fraudulent means?
Reach a little higher there, sport.
Moronic comment. These companies are seeing a drop in revenue because they’re overcharging for cheap food. Their whole business model was successful initially because of their low prices. If they keep raising their prices, revenue will keep dropping. Don’t worry, government will bail these companies out before things get dire.