I was told that Econ 101 says this doesn’t happen
- Thread starter Bob_C
- Start date
Corporate greed IMO
MikeDamone
Well-known poster
Big coffee just trying to make Biden look bad
Inflation is a form of student loan forgiveness right???
They can keep their burnt coffee and horrible food. I don't care how much their shit costs and I sure as hell am not sitting in long lines for a cup of that seriously already overpriced stuff.
Classic example of a "progressive" company LOADED with screeching liberals now telling their patrons "pay up" so we can continue to support our rat leaders.
TheKobeStopper
New Fish
They raised prices back in 2018 too, in the greatest economy in american history.
https://www.google.com/amp/s/fortune.com/2018/06/07/starbucks-raises-coffee-prices-2018/amp/
Raise prices, more profit, profit good. You guys must have missed that day in Econ 101.
https://www.google.com/amp/s/fortune.com/2018/06/07/starbucks-raises-coffee-prices-2018/amp/
Raise prices, more profit, profit good. You guys must have missed that day in Econ 101.
A little lesson for wanna-be Econ heroes with soft science degrees like Kobe...
Raising prices in a competitive market is pretty much the LAST thing a CEO wants to do in order to maintain profit margins.
Inflation and spiking CoGS are THE two external factors that force a company’s hand, in that regard.
Kobe is programmed to not understand.
Prolly having to pay his baristas who can't spell a pretty penny to stay as well.
And how many people during the lockdowns 'bought local' and went to their big titty local coffee shop instead of paying "the man" in Seattle? They discovered just how shitty the product is compared to their hometown brew.
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In a competitive market, you raise prices you lose sales and have less profit. Pretty basic stuff, slobberer. You do realize that companies have "sales" and print coupons and advertise lower prices than the competition? What phucking planet do you live on? Geezus, when I say negative education, the slobberer is the gold standard.
MikeDamone
Well-known poster
You're an idiot. And a simpleton.
TheKobeStopper
New Fish
Lol.
https://www.google.com/amp/s/www.se...-quarterly-sales-thanks-to-us-business/?amp=1
It is not the last thing they want to do, the last thing they want to do is make less than last year.
That’s the most bullshit use of the word “force” I’ve ever seen. Record profits and poor little Starbucks is forced to raise prices just to continue making record profits. It must be so hard. Their dick in your mouth that is.
hardhat
New Fish
I hate Howard Schulz and rarely drink their coffee. I'm torn because he's such an asshole and this company tried so hard to be woke. However, they do pay their workers and offer benefits, and somehow it's not enough for the woke mob. I'm happy to see more stores attempt to unionize and tear the company apart, but it just shows you can't cater to the left.
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Nice subtle straw man to show everyone you don’t know what you’re talking about. Big corps would always rather cut costs than raise prices in a competitive market. Period.
And the Seattle times article only focused on revenues, not profits, as you clumsily conflate in your response.
Btw a CEO’s sole job is to maximize shareholder value. Increasing margins year over year is the goal of every FP business organization in the world.
Why do I waste my time with you?
Those profits are made off the backs of the laborers.