Interesting article of how Costco stock is hammered by Wall Street because it paid its workers an extra $2/hr during Covid. Similar things happen when a company gets out of line and fails to pollute enough or an insurance company or hospital chain fails to deny enough treatment. Lawsuits? lol conservtives and "libertarians" have seen to making law suits mainly a remedy in name only.. https://finance.yahoo.com/news/wall...2-more-an-hour-during-covid-19-172507787.html Costco (COST) shares were drilled to the tune of 3% on Friday after delivering what looked to be an impressive fiscal fourth quarter. The company posted quarterly earnings some 33 cents ahead of analyst estimates, powered by an unworldly 11.4% same-store sales gain. Then why the selloff in Costco’s stock? Simply put, analysts appear not too pleased Costco continues to pay its workers what has become known in retail as pandemic pay. Costco began paying its workers an extra $2 an hour back in March at the height of the pandemic. While other retailers such as Kroger and Target have stopped pandemic pay, the notoriously pro worker Costco has kept its practice intact.
Or GDP growth or even unemployment numbers. Sure those data points can provide SOME indication but they don't paint anywhere near a complete picture. I mean what was the GDP growth rate and unemployment numbers 1.5 years before the subprime mortgage crash?
I used to, but ever since they started paying their employees $2 more the quality of the products has gone WAY down, and my grocery bills have skyrocketed ! END this madness Costco!
The real problem is that we will all die in a climate change disaster when the overriding motivation in the world is that each major polluting industry is motivated by the requirement to maximize its profits each quarter. Combine this with the ignorant idea that our S. Ct created concept i.e that the rich and corporations have the free speech right to unlimitedly give to politicians (i.e bribery) and we are in a terrible fix. See the Kochs spending billions on politicians as well as propaganda to pretend climate change is a myth to enhance their quarterly returns.
OP is still dreaming about a Venezuelan paradise for America. If you say the word, I can get you to Caracas ASAP so you can see paradise for yourself.
Yep, exactly and under capitalism the incentive that overrides everything is to maximize profits (and in the age of financial capitalism -- each quarter)so f the environment, most people's wages, healthcare etc.
Capitalism isn't that bad if you quit bailing out banks, farms, and other businesses by allowing them to fail while the average Joe still has to pull himself up by his bootstraps.
That's called mixed economy social democracy baby. Until I see something better, the nordic model is where it's at.
I didnt realize you subscribed to Austrian economics. But I agree. GM and Chrysler should have died. Hopefully Tesla and Rivian kill them off once and for all. Im not advocating propping up farms, but it is important we have the capability to produce food, even if it is subsidized. Again, im not necessarily referring to the past and present situations, but that we should be wary of its livelihood. Regarding bankers, some of those guys should have gone to jail and their wealth stripped from them.
It's easier to pay lip service to Essential Workers than to outright pay them. I already said THANK YOU, so **** OFF!
Capitalism will only step in when the external costs from it are realized. That means people will continue to eat **** until they'll pay a certain price not to eat ****. Different than politics where people vote on the promise of not eating **** or less of it... Then vote the same next time despite nothing changing
I'm not and am unfamiliar with their economics, it's just common sense. But what's good for the goose is good for the gander...
