seattletimes.com

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. 

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

Summary: There is a normal percentage of theft compared to previous years, but because of inflation the estimated dollar amounts are “unprecedented.” Please don’t ask about the unprecedented profits.

Astroturfed,

Clickbait headline articles need to be shocking sounding. Bonus points if they push the narrative that companies are good and us horrible peasant thieves stealing from them are bad.

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.

UltraMagnus0001, to news in ‘Unprecedented’ theft contributed to $112 billion in retail losses last year

get some cashiers!

FigMcLargeHuge,

Apples and oranges. If you are a cashier and theft occurs you aren’t paid enough to risk anything, including your life, to stop theft. Companies can hire more asset protection people.

girlfreddy,
@girlfreddy@lemmy.world avatar

In Canada off-duty cops do that job AND get those hours added onto their retirement fund … that we taxpayers pay for.

bobman,

What? I like using self-checkout.

UltraMagnus0001,

3 and 4 in this article with sources. dealaid.org/data/self-checkout/

businessinsider.com/walmart-employees-and-custome…

aka skip scanning

bobman,

Sorry, I’m not reading any of that.

Would you like to use your words and tell me what you want to say?

OneOrTheOtherDontAskMe,

He was giving you sources so you could understand his viewpoint and see if it holds merit outside of anecdotal experience.

Do you think the way you responded fosters good faith conversation?

bobman,

Absolutely. Shoving a wall of text in someone’s face that you didn’t type and saying “read this” is not worth my time.

If you want effort, put forth effort. I can also link to a plethora of stuff and say “read this,” but I won’t because it’s a waste of time and you can find any information you want on the internet.

Sorry this needs to be spelled out for you. You’ll understand it as you get older.

OneOrTheOtherDontAskMe,

Damn dude, do you gotta be a cunt on the internet for no reason or is it fun? They’ve been saying that same “you’ll get it when you’re older” since I was in school and that’s been a minute. Normally it came from some small minded blowhards, but I’ll give you benefit of the doubt.

Their effort was to find the sources for you that purport their claim. It’s not a big nuanced argument, they presented what they thought, you asked a question about what they meant, they linked you supporting information so you could be aware.

It’s not their job to dissect the sources for you, it’s their job to present their argument and if you didn’t get it then they link you the bits they used. If you still don’t get it, stop engaging with the person who linked sources.

When you were in school, did they teach you how to evaluate sources from multiple forms of media? Because the internet wasn’t as massive as it is today when I was taking those classes, but they still taught how to go through a magazine, website, book, and video sources to identify the bias and reliability of the source.

If the only conversations you’re having a full text and no one is linking to a source when they’re making a claim, you’re having a conversation, not a discussion or debate. It’s why people cite their sources for published pieces, gotta check for plagiarism and you have to identify where you got information you claim is factual, it’s just part of having those kinds of communications.

bobman,

Look dude, I get it. You seem upset because I don’t see the value in being linked a wall of text on the internet. It’s because I’ve been there, many times, and it overwhelmingly is not worth taking seriously.

Like I said, you’ll understand this when you have more experience. I’m tired of repeating myself, and taking your insults.

I’m gonna block you now. Goodbye.

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

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.

BeefPiano, (edited ) to news in ‘Unprecedented’ theft contributed to $112 billion in retail losses last year

It’s worth noting that when retail sales go up, as they did in 2022, shrink also tends to rise. The average shrink rate in the 2022 fiscal year was 1.6%, up from 1.4% the year before. The latest figure is in line with shrink rates from 2019 and 2020.

In 2017 shrinkage accounted for $42 Billion, or 1.85%.. First off, that shows how crazy inflation is - $42 Billion was 1.85% then and $113 Billion is 1.6% now.

The other thing is that in 2017, wage theft accounted for $50 Billion in losses from workers. I would like to see how 2022’s wage theft numbers stack up against the shrinkage numbers.

Also a reminder that retail is using shoplifting as a propaganda piece with no actual basis in reality.

ares35,
@ares35@kbin.social avatar

wages don't keep pace with inflation, so the difference won't be as dramatic.

SeaJ,

Just a correction: wage theft accounted for up to $50 billion in 2014 according to the EPI, not 2017. That would be roughly $65 billion today. Like you, I would also like to see more recent numbers.

SoylentBlake,

Idk where or how yr getting 65B

For simplicity; 40B in 2014 is 120B today. That’s x3. That would out wage theft at 150B.

Which is far more believable. These mfers are in court in a dozen states over child labor violations, I don’t think they suddenly found a conscious

SeaJ,

Inflation has not been 200% over the past 9 years.

data.bls.gov/cgi-bin/cpicalc.pl?cost1=50&year…

$50 billion in 2014 equates to roughly $65 billion today.

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.

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

Does anyone know anything if these tests have been updated in any way since the onset of covid? I read a couple mutation strands in that they were less effective as they mutated, but if that is true I imagine we’re quite a number of strands down the line now, and am curious about the tests and how they work

MicroWave,
@MicroWave@lemmy.world avatar

The short answer is yes, these home tests are still effective:

But ultimately, the tests are still capable of picking up infections, said Todd Merchak, who co-leads the RADx program at the National Institutes of Health. The program, whose name is short for “rapid acceleration of diagnostics,” was created during the pandemic to quickly develop tests for the coronavirus.

“To date, the performance of currently marketed COVID-19 tests has not been adversely impacted by any new variants,” Merchak said in a statement.

The reason is because:

Most rapid tests, on the other hand, target the nucleocapsid proteins, or N-protein, of the coronavirus. N-proteins don’t change as much as spike proteins do.

www.cnn.com/2023/09/18/health/…/index.html

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?

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

Thanks for reminding us! Just ordered.

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