> "Reestablishing Starbucks as the community coffeehouse."
What a load of corporate bullshit. Unlike any other community coffee house, this one made almost $10b in profit last year. I wonder how much the "community" really benefits from this.
>Unlike any other community coffee house, this one made almost $10b in profit last year. I wonder how much the "community" really benefits from this
That's around $60k per store. That sounds like a very reasonable number for an absentee coffee shop owner (which is basically what the shareholders are).
The word "profit" means that this is the money which is by definition not going to the store. Any money which goes to the store is not counted into profits.
When a company makes a profit, that doesn't necessarily mean they made anyone else worse off. In general, when in a competitive environment, and dealing with customers who are responsible adults (which both hold in the case of the restaurant industry), we should presume that everyone is being made better off by the transactions, that it's a win-win situation.
Well, a union is a form of cartel, it's an anti competitive organization of market participants who are colluding to set prices and extract other concessions from labour buyers. They therefor undermine the ability of markets to maximize value for all participants.
