wages in the us are much too low. the wages of bottom earners don't fuel inflation. almost all of the cost of anything goes directly to stock buy backs so that the wealthiest people on the planet can hoard capital
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Apple Retail Employees Getting Smaller Raises of Approximately 4% in 2023
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wages in the us are much too low. the wages of bottom earners don't fuel inflation. almost all of the cost of anything goes directly to stock buy backs so that the wealthiest people on the planet can hoard capital
absolutely it does.
Thats how finance and economics actually work under global feudal capitalism
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Good questions. My numbers were rough but here is a link that shows dividend-buyback equivalence with full calculations: https://www.mckinsey.com/capabiliti...rchases-and-dividends-which-create-more-value
Regarding the tax efficiency, I said that basically for two reasons: dividends can/could sometimes be taxed at higher rates than simply selling an appreciated stock that's taxed at long term capital gains rates. I believe this reason is not as significant as it used to be since most/all of your holdings in US-based companies can now be considered "qualified dividends" which are taxed at lower rates than ordinary income (prior treatment of dividend income) and are comparable to LTCG tax rates. Most importantly to me, you have a choice. If you hold a stock from a company paying a dividend you receive the dividend and owe taxes on it. You have no choice. In a situation where a company returns cash to shareholders via buyback you can make that choice for yourself - sell a portion of your holdings into the market and realize gains on those sales or simply hold your stock and see your % ownership of the company increase over time.
I'm certainly not saying all buybacks are good corporate financial decisions, I just don't think it constitutes market manipulation. If the companies are telling you how profitable they are by the financials being public, telling you roughly how much they're buying back, etc then everyone has the information they need to make the right choices for themselves. No one is being deceived. Both buyback and dividend policies can be horrible decisions but that's all dependent on the company's situation and outlook.
Haha no kidding. I’m in healthcare and we actually had a pay CUT during the 2020/2021 winter covid wave. 4% sounds pretty good in comparison 😂
Thanks for the link! Their first sentence made me think they were actually against buybacks, but they did have a reasonable explanation and comparison. Now my main question is in their explanation of the buyback where they state:
“On a per share basis, for those shareholders who don’t sell, each remaining share will increase in value to $16 because of the lower share count.”
Is there some process to automatically adjust the stock price, like when there is a split? I had thought the price changing was just the usual “market moving because there is less supply”, so not nearly as exact as their description, but if there is a price adjust similar to a split, that statement makes more sense to me, and I’ve learned something new!
Yeah, problem is you don’t help him at all to make that money. Apple employeees do make money for Apple….
French 20 AppleStores employees are on strike today and tomorrow, they ask at least 7% raise, they are proposed 4.5%.
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"Financial health"? "As required by law"? Friend. Where to begin.
This isn't CCP, it's CA. This isn't Xi, it's Daddy Cook. If DC (Daddy Cook) wanted to give a $5/hr, or $10/hr, across the board, to retail employees, he could. Sure he'd need to get approval from the board etc, but let's not get lost in the weeds here: there is a difference between preserving the "financial health" of the company (the richest in the history of humanity, who, for the record, are doin' just fine) and doing right by the employees that enable your company to function (and therefore bring in the money).
What's more interesting to me is the bizarrely pompous / totalitarian-leaning tone you're taking. Honestly, it feels genuine, as if you have a financial stake in defending Apple's financial moves. Wherever you got your MBA - they ain't accredited, friend, and you need to get your tuition money back. **I never get involved in this dumb crap - here we go**
Glad I don't work for them. I’ve worked for some crappy startups in my day with no promise of incentives or reward but good riddance to them.
Been there, done that. Don’t forget the stock options at $8.50 instead of a raise and the stock never traded above $4. 😧
Apple retailer employees have nothing to do with the success. These people are dumb as hell and know nothing about what they are talking about. You wouldn‘t believe on how many lies I have caught them saying about Apple products.
Apple‘s success is simply the “goodwill“ Steve Jobs left behind. The latest iPhone 15 Pro Max is hardly an upgrade, yet the 1TB iPhone 15 Pro Max has a 2 month waiting list. That is what the Apple logo by Steve Jobs does.
If the iPhone 15 Pro Max was an Android phone, you know sure as hell this thing wouldn‘t sell like hotcakes. That is the mighty power of the Apple logo.
Apple can simply steal 2 old Android features, and the Apple customers goes nuts.
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I called an Apple Store yesterday to ask about Apple Watch Ultra 2 availability in-store and he recommended to reserve for pickup from the website, which he said would open at 6AM. I don’t recall Apple allowing reserve for pickup for Apple Watches on release day. I’ve been buying iPhones for 10 years. I woke up at 6AM today and surprise surprise, there was no option to reserve for pickup.
That guy wasted 20 mins of my time just spewing bs and I didn’t end up getting a reservation. Plus made me wake up too early (I wake up at 9AM). Going to another store now to check availability because the Apple Store is a total mess on release day.
In my country (Belgium), wages automatically raise with the rate of inflation. No discussion. Life gets 10% more expensive? Fine, your wages raise 10%. Done.
But the concept of a “living wage” is flawed because not all people have the same cost of living even within the same economic boundaries (I.e. urban areas, as you mentioned). A person choosing to live alone, in a larger apartment, with certain spending habits has higher financial “need” than someone in the same occupation who chooses to live in a smaller apartment, chooses to live with partner/roommates, or chooses to live with family (Which is not historically unusual). The second category can live quite comfortably in those circumstances. And that’s beyond all the other things that factor into financial stability and health.
Sometimes people conflate “cost of living” with “living wage”, but they’re not the same and the first concept also is not entirely unambiguous.
“Living wage” is a political concept that has no use in the real world beyond trying to influence policy, so it’s not useful in this discussion of Apple Store employee compensation.
In early 2022 I went into an Apple Store to upgrade my iPad 5 to an iPad Pro. After 20 minutes I left without ever talking to a retail employee because they were ignoring me.
In the summer of 2022 I bought a Mac Studio M1 Ultra to be picked up at an Apple Store. I went into the Apple Store and after 45 minutes I left without ever talking to a retail employee because they were ignoring me. I never walked into an Apple Store again.
I guess at 67 years old that the retail employees feel that I do not exist. As far as I am concerned from my experiences with an Apple Store that the retail employees need to be fired.
In the summer of 2022 I bought a Mac Studio M1 Ultra to be picked up at an Apple Store. I went into the Apple Store and after 45 minutes I left without ever talking to a retail employee because they were ignoring me. I never walked into an Apple Store again.
I guess at 67 years old that the retail employees feel that I do not exist. As far as I am concerned from my experiences with an Apple Store that the retail employees need to be fired.
This is utterly gross. Apple not even matching inflation means people are getting a pay decrease as Apple are expecting them to rake in record holiday profits. They'll probably give employees some usb-c earpods for the holidays and tell them to be grateful. Remember when Apple was good?
Not sure what a few employees not approaching a guy who didn't wanna approach them has to do with anything here. Fire all employees because of one bad experience? What??