seattletimes.com

treefrog, to news in ‘Unprecedented’ theft contributed to $112 billion in retail losses last year

I haven’t shoplifted since I was a teenager.

But seeing the price of some of my groceries jump 30-80% compared to pre-Covid makes it fucking tempting.

FigMcLargeHuge,

It has the feel of “we are the ones being shoplifted…”

SheeEttin,

All I’m saying is that if I’m doing self-checkout, and something I’m buying is missing its code, it’s probably going to be the cheapest thing I can get to go through.

eran_morad,

Bruh, how many bananas do you eat?

SheeEttin,

4,011

eran_morad, to news in ‘Unprecedented’ theft contributed to $112 billion in retail losses last year

This should be in upliftingnews.

PP_BOY_, to news in ‘Unprecedented’ theft contributed to $112 billion in retail losses last year
@PP_BOY_@lemmy.world avatar

Cool. Let’s see the wage theft stat now.

SeaJ,

The EPI estimated about $50 billion per year in wage theft back in 2014 which would equate to about $65 billion today. It could also have changed a bit since then.

epi.org/…/wage-theft-costs-american-workers-50-bi…

The EPI is fairly leftist economically so make a mental note of that when reading it.

SkyezOpen,

Let’s run those numbers again but pretend wages have kept up with inflation. Bet it’s higher.

tallwookie, to news in ‘Unprecedented’ theft contributed to $112 billion in retail losses last year

insufficient investment in loss prevention will do that

newthrowaway20,

Inflation will do that. As BeefPiano put it,

In 2017 shrinkage accounted for $42 Billion, or 1.85% of sales.

that shows how crazy inflation is - $42 Billion was 1.85% then and $113 Billion is 1.6% now.

astrsk,
@astrsk@artemis.camp avatar

Exactly right. No amount of loss prevention investment will make up for a broken and damaged economy.

strawberry, to news in ‘Unprecedented’ theft contributed to $112 billion in retail losses last year
@strawberry@artemis.camp avatar

oh well. fuck the corpos

CubitOom, to technology in Unpacking Amazon's stealthy mass layoff strategy in Seattle

Layoffs at a company like Amazon – which has a relatively low cash salary ceiling – is more of a way to steal employee pay, in the way of keeping unvested stocks that were part of a compensation package.

I never liked stocks as part of compensation packages purely from the point you don’t even know if you will actually vest and receive that stock because who knows what will happn in 3-5 years. Let alone what the stock price will be by then.

PizzasDontWearCapes,

Don’t the employee options received up to that point continue to vest over time?

NotMyOldRedditName,

I can’t speak to Amazon specifically, but a very common practice is

4 years for full vesting

After 1 year you get 25%

Every quarter after that you get 6.25% (25% a year)

But you don’t know if you’ll even make it a year in the current environment

chaospatterns,

Amazon corporate employees get RSUs which are stocks, not options. After the new hire RSUs go away, you end up with two vest dates a year and new comp offerings start the following year (so in 2024 you’ll see new money in 2025 plus a small base salary bump that goes in effect that month).

Tech salaries are frequently stock based, but Amazon’s is unusual in that it’s only twice a year, and bumps start the following year, and they recently made the change to do 2 year offers instead of 3 years.

sadreality, to news in ‘Unprecedented’ theft contributed to $112 billion in retail losses last year

Fake news lol

But even if true... Nobody cares about corps losing some profits.

vamp07, to news in ‘Unprecedented’ theft contributed to $112 billion in retail losses last year

I’ll bet these companies throw everything under the sun into the theft bucket. That includes internal mishandling of inventory. They then exaggerate the costs for insurance claims. 

jmp242, to news in ‘Unprecedented’ theft contributed to $112 billion in retail losses last year

Maybe they can all go to an instacart model or something like Amazons auto checkout model. Or just have actual cashiers. Maybe everything is in vending machines. Idk, but the current experience in retail mostly is horrible and I want to avoid it if at all possible.

negativenull,

Or just have actual cashiers.

We don’t do that here

xc2215x, to news in ‘Unprecedented’ theft contributed to $112 billion in retail losses last year

More than I would expect.

n3m37h, to news in ‘Unprecedented’ theft contributed to $112 billion in retail losses last year

That’s what should have been paid out to employees, then you wouldn’t have this problem

valen, to news in Free at-home COVID tests are back. Here’s how to order
@valen@lemmy.world avatar

Your order #: HE000BN2GQQLDPQNW12T40375228 has been placed.

That seems a little excessive. Like they need to have a different number for every atom of the Earth.

chickenfish, to news in Free at-home COVID tests are back. Here’s how to order
@chickenfish@lemmy.world avatar

done. pretty please don’t let them send me Binax again those are a pain in the ass compared to iHealth.

Bizarroland,
@Bizarroland@kbin.social avatar

If they are a pain in your ass then you are using them incorrectly. The swab goes in your nose.

thessnake03, (edited )
EarlTurlet,
@EarlTurlet@lemmy.zip avatar

But I’m bi-testual

player1,

Got’em!

XTornado,

Not according to China.

Polar, to news in Free at-home COVID tests are back. Here’s how to order

For a domain using the TLD “world”, and then defaulting to US news, is pretty annoying.

Why not put US in the title?

MicroWave,
@MicroWave@lemmy.world avatar

I kept the title verbatim because of rule 4 of /c/news: “4. Post titles should be the same as the article used as source.”

But I did specify “people in the US” in the summary body for clarity.

SheeEttin,

The news community is primarily US news. If you want primarily non-US news, try the worldnews community.

If you don’t like it, take it up with the admins, or host your own instance.

Polar,

The sidebar literally says the world is welcome and that this is a world news community.

usdefaultism at it again.

can,

I guess all we can do is post news from our countries.

scottywh,

What’s annoying is seeing this same damn whiny complaint on every US news post in this community.

Get the fuck over it already.

Polar,

Maybe Americans should stop being so usdefaultism?

MicroWave, to news in Free at-home COVID tests are back. Here’s how to order
@MicroWave@lemmy.world avatar

Link to order: COVIDTests.gov

dannoffs,
@dannoffs@lemmy.sdf.org avatar

The actual hyperlink works, but the URL “covidtests.gov” doesn’t go anywhere.

MicroWave,
@MicroWave@lemmy.world avatar

Weird. covidtests.gov loaded just fine on my devices and browsers.

I_Fart_Glitter,
jballs,

Thanks, been meaning to look into this and you saved me the mental effort.

  • All
  • Subscribed
  • Moderated
  • Favorites
  • random
  • uselessserver093
  • Food
  • aaaaaaacccccccce
  • test
  • CafeMeta
  • testmag
  • MUD
  • RhythmGameZone
  • RSS
  • dabs
  • KamenRider
  • Ask_kbincafe
  • TheResearchGuardian
  • KbinCafe
  • Socialism
  • oklahoma
  • SuperSentai
  • feritale
  • All magazines