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@WilliamSchlott
Ай бұрын
I agreed many of these companies a lead by short sighted sociopaths but, if you adjust that chart for real inflation it is not as big a gain as it looks. Over the 2 years of the sickness they increased the money supply by over 40%, reduced production and, imposed many costly restrictions reducing supply. More money chasing less goods. I have a business that sells on Amazon and Walmart. Our costs went up significantly so we raised prices where we could to make up for the difference but, the customer can only take so much. As a result we have higher sales but less actual profit.
@SevenFortyOne
Ай бұрын
I used to work for a Fortune 100 company that would regularly have an employee all-hands meeting telling us things weren't good. They'd limit raises, cancel bonuses, or take away some benefit to help balance the books. We even once had a company-wide 1-week furlough because things were so grim. A few weeks later the earnings report would come out and they'd announce another record quarter to the public.
@vladimirgorea8714
Ай бұрын
screw'm
@jakster16
Ай бұрын
So either they were lying to you and your fellow employees or they were lying to the public
@SevenFortyOne
Ай бұрын
@@jakster16 I'm assuming a little of both. I left that company 6 years ago and they appear to be doing as well as they ever have so I'm guessing nothing has changed
@yesnickcarter
Ай бұрын
Companies can lie to employees. But they can’t lie to investors.
@Data_D31
Ай бұрын
Things are 'bad' in that they won't be able to pay you anything if they want to record record ("ree-chord", "re-cerd") profits, is what they were trying to say.
@leenygal9856
Ай бұрын
I work for a Fortune 10 company. Two weeks ago, our VP told us the company could no longer pay for our annual team picnic. The afternoon of the picnic, our stock hit an all time high. Same VP sat at the table, checked his phone and said, "Wow, I just made $5,000 sitting here." They don't care.
@clairek776
Ай бұрын
The large majority of stock is owned by 10% of the population. So when the president/CEO of a company says, "we need to cut costs to maintain profitability, growth, etc..." they're referring to themselves/other C-suite executives and generally wealthy people.
@llothar68
Ай бұрын
Where do you think is your retirement fond money? Thats the most stock, but people dont know where their capital based retirement is (lucky are the pay as you go systems, they know they only have saved entitlements).
@PaballoKobe-xh9ve
Ай бұрын
You know conpanies fail right even with cost cutting measures conpanies fail.
@JokerDoom
Ай бұрын
@@PaballoKobe-xh9ve arguably cost-cutting is what kills a lot of companies
@watamatafoyu
Ай бұрын
I don't understand the point of making rich people richer at the expense of everyone else. It's a recipe for disaster.
@eternalpunishment3922
Ай бұрын
@@watamatafoyu someone has to be poor for someone to be rich.
@codyprine9200
Ай бұрын
I accidentally started my own boycott against such brands' greedflation. I've started using high prices to motivate me to invest in long-term household goods to help stretch my budget a little further each month. For example, the local grocery store's ziplock-off brand of storage bags went from 3.99 for 50, to 7.99 for 45. So I've switched to using stackable storage containers in my fridge. Instead of spending that money on disposable goods like storage bases, foil, or plastic wrap, I can use that money for other things. Other examples of this include trading paper towels with cheap towels/ old teeshirts, installing a bidet to reduce bathroom tissue use, and using a mop and bucket instead of a disposable Swiffer solution. Disposable option I try to replace them with a low maintenance long-lasting option. It's amazing how much those savings can add up.
@deedeeramone34
Ай бұрын
@@codyprine9200bidets are not only a big $ saver but way more hygienic. Can’t believe it took me until I was 31 to start using one!
@philipsmedia5268
Ай бұрын
Yeah it's called prepping and it's not a new phenomenon 😮
@genxx2724
Ай бұрын
“A low maintenance long lasting option” as if that’s revolutionary is kind of funny for some of those examples. You mean the regular way of doing things, not the wasteful, spoiled, disposable, landfill-filling way.
@codyprine9200
Ай бұрын
@@genxx2724 I removed my dependency on disposable means of cleaning and maintenance in my house to stretch my budget. The side effect is that their price gouging costs them a customer and if enough people do the same, it will impact their bottom line.
@genxx2724
Ай бұрын
@@codyprine9200 Cdy, what you did is start cleaning and storing food the normal way, the way previous generations always did it. It sounds like you just grew up in the recent disposable society and didn’t know any better, so it’s revolutionary to you.
@roselangguth5609
Ай бұрын
Kudos to Arizona Tea. My brother once told to "keep doing the right thing" and the right things will come along.
@ninjagirl226
Ай бұрын
Idk I’ve seen the cost cutting at Arizona. To keep that price. And is that worth it. To my sister the answer is no and she won’t drink it anymore (I have no real opinion cause I think iced tea is disgustingly; I just listen to her rants). She says she thinks they changed the recipe recently and that it tastes wrong. She also said they got rid of a lot of her favorite flavors so she won’t touch it any more. So it sounds like they might be playing with cheaper ingredients or cutting lines to streamline production and save costs there.
@user-lu6yg3vk9z
Ай бұрын
@@ninjagirl226don’t stress price increases are coming. Shareholders want to see increase profits year over year. Just give it time.
@lamorena6379
Ай бұрын
This makes me want to go buy Arizona Tea.
@eternalpunishment3922
Ай бұрын
@@ninjagirl226I do remember them cutting the amount of aluminum in the cans. They still be cold but just for not as long
@ninjagirl226
Ай бұрын
@@eternalpunishment3922 Do you know if other manufacturers have done this? I’ve heard of a lot of exploding cans recently (these are all carbonated drinks) but I don’t remember hearing of pop cans just randomly exploding from the buildup of gas.
@jameslee-dp6cb
Ай бұрын
Considering that CEOs made 8 times what typical workers made in the 1960s and today, they make 32 times what typical workers make. Is this not a true indicator of corporate greed?
@frankprit3320
Ай бұрын
We are coming to a time in the not too distance future, where CEO's will have so much power they will rival feudal warlords. Even if what they are telling you to do is illegal or immoral, you will do it anyway Because the Corporations will have some much wealth, power and leverage you will be helpless. Thats the future I see for America.
@watamatafoyu
Ай бұрын
The money has been redistributed upward for decades while pro-worker law has been gutted. Get the money out of politics.
32 times? The ceo for my company makes 300 times what I make
@nil981
Ай бұрын
They make on average 500 times more than the typical worker now.
@theresabrown8750
Ай бұрын
Yes it's greedflation and shrinkflation😢😢
@jdaxci
Ай бұрын
YES
@TheGodfather101
Ай бұрын
no it isnt, smooth brain. Its the interest rates. Employee salaries arent funded through revenue, they are funded through lines of credit. When interest rates fluctuate negatively, the company has a fuduciary duty to avoid allocating revenues to pay interest. in order to settle debt, they have to suspend what caused the debt, i.e. employee salaries. moron.
@nomad8333
Ай бұрын
Well, I'm a supply chain and logistics professional. I worked for a very well known medical furniture and device company from 22'-23'. I was plugged into our global supply costs and procurement "difficulties" (they didn't exist but I digress) as well as the bottom line expenses to build each unit at whole cost as well as final tabulation of product costs per unit at the end user. Profit margins are way better than they make them out to be, not great but way better than advertised. The global supply chain team I was a part of saw a $1.3 billion profit above projected revenue that year. Guess what the executives response was? Dissolving the team and laying every single one of us off, severance packages for senior management and unemployment for the rest of us. Profits at that company have been steadily plummeting since...go figure 😅 I found better employment as did all of my team, despite juicy sign on offers to come back to "fix" their mistakes.
@ennuiblue4295
Ай бұрын
they don't know what they got til it's gone. They took you all for granted, and I'm glad you found something better ☺️
@fmcg5364
Ай бұрын
Good for you!
@vkaras6591
Ай бұрын
@@nomad8333 They really just think short term only.
@mmeeddddddozzzzzzz3421
Ай бұрын
Oh snap!!!
@davidd6660
Ай бұрын
Correct. Every company perceives its short term as the only term.
@thehealingempath1909
Ай бұрын
I agree 100% with your point of view. I work in healthcare administration, specifically elder care. What I have witnessed companies attempt to do since the pandemic is constantly undersaff, close down departments, areas of hospitals all in the name of profis. It is sad to see everything come down to greed. Love your channel.
@angelajohnson4666
Ай бұрын
@@thehealingempath1909 oh I have witnessed it too. Been cleaning up after them. Healthcare facilities will submit procedure to insurance companies for payment even if the procedure has already been completed and is still good. The hospitals are duplicating services. Happened in the state of Florida.
@Elo-Ken
Ай бұрын
People with a company are GOD LEVEL And rich people are above GOD..
@soldierofgodrick2445
Ай бұрын
Kudos to Arizona Ice Tea for keeping it real ✊
@user-lu6yg3vk9z
Ай бұрын
They won’t keep it real for a long.
@loconius
Ай бұрын
Mad kudos to Arizona Iced Tea, think I’ll grab a couple while I’m out!
@Enginshim
Ай бұрын
Meanwhile, Cheerios are $6 a box.
@ennuiblue4295
Ай бұрын
@@user-lu6yg3vk9z if they want to avoid raising prices (and haven't) can't you just give them the W dang! 😒
@HH-le1vi
Ай бұрын
@@user-lu6yg3vk9zthey have been for a very long time
@gordonmills2748
Ай бұрын
Arizona Iced Tea has decided that smaller profits are fine, so long as you're successful. For most big corporations, smaller profits are NEVER fine. Their philosophy is "raise the prices until the torches and pitchforks show up on our doorstep, and then maybe lower the prices slightly."
@user-lu6yg3vk9z
Ай бұрын
Yes, because they need to increase profits year over year for there shareholders.
@gordonmills2748
Ай бұрын
@@user-lu6yg3vk9z Yeah, because the only thing that matters in life is the shareholders. I think it says that in the Bible?
@defaulted9485
Ай бұрын
In "Lets Go Whaling: Monetizing Games" by Torulf Jernstrom, this id a psychological tactic called anchoring. Make it 400% marked up expensive at first then when customer complaints, give them a 10% discount to make yourself seems generous. It works brutally well.
@truecatholic1
28 күн бұрын
@@gordonmills2748 The Bible says that an employer MUST hire a person who needs a job.
@SkaterPoopyPants
28 күн бұрын
They have shrinked their products though they sell you less tea for the same price as before
@GenericName4488
Ай бұрын
Yes. It's greed. Follow the money, it leads to the same group over and over
@TheAajsanchez
Ай бұрын
@@GenericName4488 every single time
@sisterdebbie1663
Ай бұрын
Corporations are having employees train India on how to do our jobs and outsource the positions/jobs to India then layoff Americans who previously performed the jobs.
@jajitjit9216
Ай бұрын
Precisely what happened at my job. But luckily I was spared (for now)
@patstar5
Ай бұрын
I dispise this practice by American corporations.
@WabiSabi3331
Ай бұрын
A global firm I worked in did this in 2022-2023. I saw numerous fired, after 20+ years working there. Layoffs left and right. All to show higher profitability. All so a bigger fish could eat them. The company sold for a couple billion.
@aaron96244
Ай бұрын
Same sort of greed is eating up the company I currently work for. Good friends who I've worked with for years laid off after hiring an Indian replacement. We have some Indians on my team and I refuse to do more than the bare minimum for them. I know what's next. I do not blame them... they just want a job. But so do I.
@angelajohnson4666
Ай бұрын
Yes
@MrWill-ng8dg
Ай бұрын
There seems to be a US hive mind. Outsourcing, offshoring, greed-flation, shrink-flation etc It appears as if all the corporations move in lock step, and it's rare to find outliers like Arizona Ice Tea. OTOH the price of a single loaf of Franz bread at my local WalMart is $5.89. Guess what I did this morning? I researched how to do it, and baked a loaf of bread for the first time, and will be every Sunday from now on.
@blacksun3884
Ай бұрын
Corporations realized that they don’t have to compete. If they all keep the price near the same then they all benefit.
@leinster22
Ай бұрын
John Deere moving operations to Mexico and changing its name to Juan Deere
@SurfbyShootin
Ай бұрын
It's almost as if they work as a tribe.
@beloved-child
Ай бұрын
That'd because 3 corporations now own the entire world. Black Rock. State street. Vanguard.
@beloved-child
Ай бұрын
@@blacksun3884 when 3 own the entire world.....then no....competing becomes entirely unnecessary. Also thanks to corp brainwashing, npc consumers are status obsessed and prioritize artificial nonsense like social hierarchy and tear other poor people down as a way to leverage status and validation rather then recognizing were just working against our own interests
@eq2092
Ай бұрын
Delta Air Lines had record profits in 2015 and then laid off workers at rhe end of the year. In 2020 they got billions in gov't bailout money specifically to keep workers employed they kept the money and also had layoffs. Workers choices were a 25% paycut or unpaid leave. Since most people can't afford that type of cut in pay alot were forced to leave. In 2023 the Delta once again had record profits and also layoffs at the end of the year.
@ThatAKguy74
Ай бұрын
When I did logistics work for a large chemical company we had an all hands meeting for corporate to brag about record breaking profits for yet another year and when someone was brave enough to ask if the employees that made it possible would see any benefit from that whatsoever their response was "Just be happy you have a job and aren't laid off". Combined with the fact they kept eliminating positions expecting everyone to do the job of 3-4 positions and anyone that left was replaced with a permanent temp that was even more underpaid with 0 training yet expected the same output if not more from the remaining skeleton crews. Thats on top of other unethical practices like lying about products being made in the USA when it was just the same stuff from inda/china repacked at a substantial markup.
@johnb300m
Ай бұрын
Working in engineering and supply chain it’s 100% greed-flation. A few years ago, it really was supply chain issues that hindered our ability to fulfill orders. Suppliers were seeing bidding wars for their materials and components. We had to partake. But by now, the supply chains are 90% back to normal. And the few supplies that are still hard to get are primarily from secondary and tertiary suppliers also conducting their own greed-flation or juicing of the stocks by cutting staff, factory shifts etc. Right now it just seems like who can screw who first, fastest and hardest. Sad.
@Ukrainian-woman-of-your-dreams
Ай бұрын
Imagine working and helping a company become rich and getting laid off or fired for making a mistake. You need to use the skills, experiences, etc. that you have gained or improved from that despicable job and apply them to your dream career or business.
@KawaiiGoddess2023
Ай бұрын
A lot of companies cut the hours of staff so there never enough people to service consumers or clean. Even on weekends.
@genxx2724
Ай бұрын
With or without sufficient staff, staff spends half the time messing around with their phones. People have been making a pretense of cleaning, swiping with one hand while talking on their phones, for decades.
@user-lu6yg3vk9z
Ай бұрын
Yeah that’s called a skeleton crew. They keep minimum employees and have them minimum employees do multiple positions while paying them peanuts.
@BOSSDONMAN
Ай бұрын
Have you seen the clip of the guy using Walmart app who pulled in the same order of items from an order he made 3 years ago and the total was 4x more? Just insane. Worst part is the government lying about this in their reported inflation metrics.
@TJones-zw9mw
Ай бұрын
When Wendy's announced plans to implement dynamic pricing I stopped going and I haven't been back since. I know they didn't carry through with it, but I still have no desire to go back.
@jtowensbyiii6018
Ай бұрын
They DOUBLED the price of their cheapest meal over the last year too
@HH-le1vi
Ай бұрын
@@jtowensbyiii6018so has every other fast food restaurant
@leinster22
Ай бұрын
Dynamic pricing is every where….airline tickets, ball park tickets
@leinster22
Ай бұрын
Someone has to pay for the Bezos $500,000,000 yacht
@zd4w9
Ай бұрын
Your heart thanks you.
@Randomukperson
Ай бұрын
Total greed. I work in M&A. Companies are placing graduates on big deals to save costs and then everything goes wrong. People end of crying and burning out. Meanwhile ceos make $30k-$50k a day!
@alfredspic481
Ай бұрын
I work at a Hospice n one of the POS owners, (multimillionaire) literally cries about paying me. Literally cries like a baby because he wants all the candy. Things gotta change...
@BOSSDONMAN
Ай бұрын
Boomer executives who do nothing and cash out.
@shanesprecher8290
Ай бұрын
@@alfredspic481He should go work in a coal mine then he would cry.
@Tonis.world0
Ай бұрын
@@alfredspic481wow literally ridiculous on their end
@jeffthegraveguy8629
Ай бұрын
I no longer buy anything brand name. I also do not eat out as much. Shrinkflation has been frustrating to me. There is just no more value in brand name products and restaurants. I’ll make popcorn at home if I want a snack. And I’ll cook my own nice meal instead of eating out. We vote with our dollars.
@ALifeAfterLayoff
Ай бұрын
It seems to be working with many companies now having to reduce their prices.
@RavingKats
Ай бұрын
Same, and not to brag, but I make a heck of a homemade burger that McDonald's will never match. For the price of a combo meal I can get a club pack (2-2.5 lbs) of extra lean ground beef lol grocery inflation is intense here, so even that is a lot more expensive than it used to be, but it's definitely more than one meal so is definitely the smarter option. Pepsi has stopped multi buy deals, so I've switched and only buy when on sale. I'm over this nonsense.
@Krlowanigu-mg6eg
Ай бұрын
@RavingKats, good move. Additionaly, you know what you eat. Stop buying pepsi, you will be healthier.
@genxx2724
Ай бұрын
@@RavingKats single people or small households can break down packages of meat and other perishables, wrap carefully, label, and freeze. Either freeze individual portions of raw meat, or undercook patties and freeze; way they will not be overcooked when reheated. Hamburger buns can also be popped into the freezer, so you only use what you need, and have the rest for when you make burgers again.
@user-pb7bt9nf9i
Ай бұрын
I don't see how it works, raising prices, cutting wages and laying people off. This will only cut incomes so people will no longer be able to afford inflated prices. How does a company profit from that in the long term?
@darksidegryphon5393
Ай бұрын
They don't care about long term.
@user-pb7bt9nf9i
Ай бұрын
@@darksidegryphon5393 Still, not a sustainable business model.
@Doors067
Ай бұрын
@@darksidegryphon5393 ding ding ding we have a winnaaa
@curiouspenguin6887
Ай бұрын
Companies focus on short-term gains so they can have long term losses. As long as the executives get their money, they don't care if the company becomes unsustainable. They'll just golden parachute into another company that is stupid enough to hire them
@Squeegee88
Ай бұрын
Rebell like the French. They figured out how to put the greedy overlords know that they need us.
@maskedninja6883
Ай бұрын
I got laid off from my job to open new positions and they decrease the pay for new workers. I was making $20 an hour as a warehouse worker, now it’s gonna be $14 an hour as a warehouse worker. This is Advance Auto Parts that’s the company I’m talking about.
@JeremyTheEntrepreneur
Ай бұрын
I’ve seen this their scared to pay $20hr+ they want to pay $15 and think we’re idiots
@nexttime960
9 сағат бұрын
Avoid Chipotle like the plague, I complained about steak portion, they told me to order ' double meat' they knocked the spoon so half fell off...twice, back before they grew I bought a burrito to go, took 3'days to finish it
@gracecase998
Ай бұрын
Great topic and all truth. I shop at Aldi's and save 60% each week over the bigger chain stores in my area and brand switched on all cleaning, paper, cereal etc. I am in accounting and the greed thing is real. However, you can only cut "labor" so long and then who has a job to buy your products and do the work. This economy and job market is crazy. I used to work at a packaging company who sold to P&G. They are bullies and do not care that consumers pay more. Pepsi was a similar customer as well. I will not support those brands anymore. Been an interesting ride since the pandemic. I am thankful everyday for my job in the tech sector and just add value everyday I go in.
@SharonLougheed
Ай бұрын
Oh, Arizona Beverages is apparently privately owned. That checks out. Publicly owned businesses are required to chase profits for their shareholders. (Although, privately owned ones can too, depending on the owner of course.)
@bliantfive
Ай бұрын
It's not only big companies. Even small ones are doing this now, especially restaurants. I had some insights and for many of them costs returned to a normal state but they are just pocketing the profits after price increases. I don't frequent many of my favourite restaurants anymore because the prices are simply insane.
@Brad-pc3bi
Ай бұрын
Greed in general ruined this country. My last boss fired me because i successfully negotiated a raise. I was 3 minutes late from extreme traffic so he took that as his opportunity to fire me. Rught before Thanksgiving.
@vkaras6591
Ай бұрын
Walmart and all the fast food chains are ridiculously off the charts. I have stopped eating there and I have gotten healthier in the process.
@asadb1990
Ай бұрын
Yeah i now go to more premium fast food chains because they cost about what mcd or dunkin cost. But better quality and portions. Plus im muslim so have to eat halal and even with that premium plenty of cheap muslim joints.
@HH-le1vi
Ай бұрын
@@asadb1990Muslims usually aren't as profit driven as most Western country capitalists.
@sathdk79
Ай бұрын
If you can get a sit-down meal for the same price as fast food its a no-brainer decision. I'll take a cooked-to-order meal.
@BillLaBrie
Ай бұрын
See?the government is looking out for you after all…
@mycareergps
Ай бұрын
I'm glad you had PepsiCo in your video. Fast-forward to today, and they now have to lower prices because their consumers are more "value-conscious." They took advantage of their consumers, and now the consumer says they don't need to buy those Lays potato chips or Fritos. I bet they have lost a good portion for good.
@AnnaSzabo
Ай бұрын
It’s been shocking to witness the job market since 2022 and all the brilliant unemployed people who are not referred to as “unemployable..”
@KungPowEnterFist
Ай бұрын
Sounds like typical Millennial hubris to me. The only people I know that have gotten laid off in the last couple of years were arrogant Millennials that weren't worth their weight in spit, yet believed they deserved to get paid more than others who had far more experience/knowledge/skills and who worked 10x smarter/harder.
@JohnDo-ntchaknow
Ай бұрын
To my surprise when I am abroad and buy a product that I also buy when back in the US and to my surprise that American company sells the same product outside of the US for less money than they do in their own home market........ Just like with the drug prices in the US, they charge whatever they want because they can get away with and have ensured there is little or no competition.
@sarscov9854
Ай бұрын
unelected bureaucrats protect these corporations.
@angelajohnson4666
Ай бұрын
True
@ennuiblue4295
Ай бұрын
@@sarscov9854 lobbyists keep the corporations chuggin, they have all the money, so they buy all the influence
@HH-le1vi
Ай бұрын
That happens with a lot of things. You can't charge $200 for something in a place where the monthly salary is $800. They'll never get sales there so they supplement with higher prices in places that can afford higher prices.
@myoutuber77
Ай бұрын
The price of goods is generally what the local market will bare. However, some products are global in nature. For example Iphones. You cannot sell them cheap in China where they are made because no one would buy them elsewhere. Also, local tariffs and taxes are different all over the world, therefore the price of same goods sold in different countries vary accordingly, even though the maker collects the same revenue from all markets where their goods are sold.
@ahlsrobe
Ай бұрын
Yes, greed-flation is exactly what has happened. The last company I worked for, we increased sales each quarter. We had more work to do than we could handle and they still laid off my entire team by offshoring it to another country where wages were 10% of American wages. Now it has become impossible to find work because companies refuse to hire when they know they can do more with less. We've turned into surfs and these companies are the lords of the manner that have way too much power. A good mini-series to watch about this is Super Pumped.
@joanneburford6364
Ай бұрын
So nice to listen to rational commentary without the aggressive yelling or condescending attitude from the US - new sub from Melbourne Australia, enjoy your content mate 🇦🇺
@valorjoz
Ай бұрын
Yes. Full stop. Vulture Capitalism has led to a situation where, for the shareholders, "line must go up forever". Never mind that that isn't sustainable in any industry, in perpetuity, because every industry, every business, everywhere, forever, can only saturate a market, and grow their customer base, for so long, until a plateau will be reached. If shareholders had gotten used to "okay, we can sustain XX% of profits year over year, this is where we are until we innovate into a new market or niche" this might not be happening. Instead, each record profit report yields greedy shareholders demanding ever more, and instead of boards of directors or other leadership teams going "okay, this is the best we can do, and we're doing great", they jump and say "of course we can!" and then task middle management with making it happen. Since many bloated hypercorporations don't have much better ways to expand / since R&D for new ways to innovate not only costs a ton of money, but takes a long time to create something new, they all fall back on reducing headcount and lowering payroll liabilities as another "quick hit" for the next quarterly earnings call. It's analogous to doing drugs or taking a large amount of sugar or caffeine; You'll get the desired effect quickly, but it's gonna wear off fast, you'll find yourself needing more, and sooner or later, you're going to do more harm than good by continuing to use that method. It's going to have to get a lot worse before it gets better, I am afraid.
@yourbodyandu
Ай бұрын
Hopefully by then we, the consumers, will create more options for ourselves.
@sanshinobi3664
8 күн бұрын
@@yourbodyanduyou just described entrepreneurship, which we could use a bit more of.
@TomReichner
Ай бұрын
Corporate greed affects so so so so many things in our everyday lives. From people getting laid off to the price of a soda being too high, wealthy people refusing to be happy with regular wages and insisting on earning millions for themselves each year is ruining the very fabric of regular American's lives.
@Hannah-ji2if
Ай бұрын
I loved seeing that there is a company out there acting ethically. It gives me hope that more are there.
@sarrjel
Ай бұрын
I think it's a combination of things. Companies know they're in a pinch and they're doing everything they can to structure their company to a profitable ATM machine. Places like McDonalds are putting Kiosk in their restaurants and having Flippy the Hamburger AI cooking the patties and another AI dumping fries. Taco Bell is also doing away with the customer services cashier person and replacing that person with a kiosk, which old people don't like. They're doing it to save money but what they're basically doing is replacing the job with a self-checkout kiosk or bring you're own bag and customers take forever with their order and a friendly face that smiles can take orders a lot faster than a person pressing menus trying to decide what they want to eat. It ruins the experience. Just like people ordering on Amazon to stay home. Sure they save on gas and the whole wear and tear on their vehicle but by not going out to places like JC Pennies, Macy's, Nordstrom and Target you take yourself away from the whole experience of shopping, touching the clothes and the product with your own hands. I grew up in the 1980s and we as a family went to the mall and always had fun visiting places that we hadn't initially planned on visiting and I think it's sad. Companies are trying to cut costs, make profit, pay managers their bonus's and pay their obligations to the share holders and screw the customers with high prices, make your own orders at the kiosks and self -checkout and bring your own bag. To me it's whatever. I think eventually customers will start rewarding companies with cheaper and better products and food and companies that have manners and conscience. I've also noticed on Indeed of companies willing train people for jobs that you should probably go to college for like forklift driving and plumber experience. Back in 2023 Roto Rooter was willing to train and after 1 or 2 years you would be at full scale pay of 50 k a year. There are a few jobs in the $23-24 dollar range and Corrections was willing to pay $27.00 hr. But the majority of the jobs are still between $16.00-$19.00 hr and in my opinion that's not enough money to pay for the rising costs. Then there is the goofy 12 hour swing shifts. It used to be you could find a job in the 1990s and early 2000s that have 8 hour shifts 5 days a week with 2 paid 15 minute breaks and a paid 30 minute break. I actually worked at a company that still did that until they went and implemented the 12 hour swing shift with the 10 minute breaks and 20 minute break. It doesn't matter if the job is easy or hard, it's still work and your feet hurt at the end of the shift. Now companies are working you to the bone with 10 minute breaks and a paid 15 or 20 minute break in 10 hour shift. I quit my last job that had an 8 hour shift with two 10 minute breaks and a paid 15 minute break and the lead would time me every time I left my machine so, I actually got an 8 minute break because it took me one minute to get to the break room and one minute to get back and more like a 12 minute break for the same reason. I was ultimately sick of the way I was being treat and I only got paid $16.00 hr. The only reason I stayed was until I got another job lined up. I was like; I had enough of this sh*t! I'm a good worker and you treat me like this? Good -Bye. I think we as a society need to have some back bone and support good companies and good managers and a payment system that greatly matches our talents or start our own companies. That's the only way I see this changing. We need principle and respect to make a return. We have a society of self-serving jerks and pussies that are pushing all the buttons and getting people fired.
@supriyochatterjee4095
Ай бұрын
In Corporates what actually happening for the last 30 years is that all the maximum money in terms of salaries, profits, bonuses etc etc and the maximum benefits of anything is only absorbed and eaten away by certain sections of people's in the organizations like CEO'S, Executives, employees working under certain roles etc etc while the rest are only working hard, always in unstable situations, not getting enough hikes,facing challenges of anxiety/depression/work politics and all other things that are ruining there lives likewise it is some kinda sin that they are working in corporates.
@loubydal7812
Ай бұрын
Great for Arizona tea attitude, well deserved success also for being honest, and people like that. Big companies look like they're into a competition to make bigger profits to lure share holders, or to attract big money. What is sad and shameful for making money in lack of revenue from selling better products, ideas, services.... companies will lay off employees to keep the money for paying wages and benefits, so the company would report bigger money as profits. Really bad.
@JamesMCrutchley
Ай бұрын
Had a friend get fired the day he started by a clueless HR who said he was fired for not meeting performance targets that quarter. They muted his mic while ripping into him and with legal reminding him of his various agreements and NDA's. Security escorted him out before he had even finished his onboarding.
@lucacrespi88
Ай бұрын
Sounds pretty far fetched and hard to believe.
@hahamasala
Ай бұрын
I'm not at all surprised
@shawndavis2616
Ай бұрын
Figures. He was supposed to start for free at the beginning of the quarter before he was hired.
@AI-cp1jg
Ай бұрын
It is shocking and sounds made up while not surprising either. Anything can happen in today's world.
@user-lu6yg3vk9z
Ай бұрын
Lol
@genreartwithjb5095
Ай бұрын
100 percent it’s extreme corporate greed
@taliluvu2
Ай бұрын
The company I worked had been in the red for years aggressively investing. The investment paid off and the company went public. Which was the demise of employment for many because appeasing investors became the priority. It grew exponentially during the pandemic never skipped a beat, received not only subsidies but actual legislation in its favor. Record profits quarter after quarter. Leadership spent recklessly and combined with the automation of many task it has resulted in mass layoffs. It’s sickening to know level of greed across the board.
@mamzellilooo
Ай бұрын
Great video. I was a process control engineer (just retired 2/21/24) I would always stress test my projects just to make sure it would work under all conditions. Also depending on the government. But I found away of earning more income despite my Retirement. $67k weekly returns has been life changing, after so much struggles.
@mamzellilooo
Ай бұрын
@RobertoRocha-uw5pmMaria Angelina Alexander I really appreciate her efforts and transparency.
@mamzellilooo
Ай бұрын
I remember giving her my first savings $20000 and she opened a brokerage account for me it turned out to be the best thing that ever happened to me.
@mamzellilooo
Ай бұрын
My outlook on money changed when I realized someone making $200K can retire broke & someone making $80K can retire a millionaire. With the current market movement.
@KuramaUchiha-id1ow
Ай бұрын
You're correct!! I make a lot of money without relying on the government. Investing in stocks and digital currencies is beneficial at this moment.
@marcosvg90
Ай бұрын
I heard a CNBC news host spoke highly big about this name and her strategies, how she has been helpful to many people. Been trying to reach her since.
@user-zt7mc2ti4q
Ай бұрын
Nailed it! And I’m curious why more people aren’t talking about it.
@BrianHornak
Ай бұрын
Bless the ceo of arizona iced tea
@JeremyTheEntrepreneur
Ай бұрын
CEO OF ARIZONA: “99 cents is 99cents” End consumer: YEAAAAA!!!!!
@frankprit3320
Ай бұрын
I work as an Engineer for a fortune 500 co that is a major electrical utility/ provider in the Midwest. That is EXACTLY what is happening. They have forced into retirement and laid off 80% of their staff, with the excuse that their operating costs are now too high, due to material increases, labor/ wage increase, etc. What this means is that all the boomers were pushed into retirement following COVID and a very, very, very small group of Gen-Xr's have had all that work "Dumped" on them and the Company will NEVER replace all those workers that were pushed out. I don't see this trend ever going away.
@knighth2452
Ай бұрын
Greedflation is seen the most in food prices. Food manufacturing never was shut down during the pandemic. We were seen as vital so we were able to keep working. That being said, why are the prices so high and why are stores not filling their shelves?
@SoundWave2198
Ай бұрын
I work for a major grocery retailer and the prices are crazy high..A LOT of the customers that have addressed there frustration of higher prices out loud to managers and employees where told that it was because of the higher quality they provide. Which really isn't true because of the fact that its the same quality products if not worse then what they have always had. BUT those mangers and other employees always try to get the customer to buy the most expensive things especially things such as cut fruit or items that are discounted to push the customer to buy more on sale items that will push them at risk for over spending..also..they sell the items way more then what they are made for.
@trexmarkus
Ай бұрын
I said this the other day when I figured it out. The reasons why layoffs. Profit. You as a employee generate revenue, when letting go you. That's your revenue that is going to stay for a while but your salary is not there. That means more profit. And the revenue that you generated will last a decent amount of time because they force it on the other workers. Record profits, mass layoffs
@KamalaTheClown
Ай бұрын
I’m in the RMIS industry on the SaaS side as a senior director and we’re at our third round of layoffs and it’s brutal. Insane work load, little to no training, company culture is in the dump, toxic tendencies never end from leadership. But profit is through the roof.
@user-lu6yg3vk9z
Ай бұрын
RMIS ?
@KamalaTheClown
Ай бұрын
@@user-lu6yg3vk9z Risk Management and Information Systems
@DrDoomBloom
Ай бұрын
Companies tend to greatly overestimate their understanding of what customers want and what will yield long term profitability. Thanks for this video.
@volrag
Ай бұрын
I think most companies don't care about long term sustainability. Isn't the average length of employment for a CEO about 5 years?
@user-lu6yg3vk9z
Ай бұрын
Yeah they don’t think long term. Greed eventually collapses companies.
@dovh49
Ай бұрын
In a properly functioning economy companies raising their profits too high will have competitors come in and undercut them. So, I would think this can only be done temporarily unless there is a cartel going on. But even cartels can only last for so long.
@dragonrage7
Ай бұрын
I've completely changed my buying habits and products consumed because of the inflation, greedflation, and shrinkflation.. I remember going shopping regularly and not having to watch and think about how much I am using. Sadly this is no longer the case and I am now using less everything, and buying less overall. It boggles my mind that people can still throw money at things that have very clearly lost their value. So for their greed, they will get less from me as I want less from them!! Be the owner of YOUR destiny and stop making other people too powerful..........
@J21637
Ай бұрын
Thank you! For bringing information that is useful to “the little guy”, and helping us see the worth of ourself in a market that cares only about profit. Thanks for this episode bringing to light the importance of examining which companies we support, and the importance of ethics in our purchasing
@Rebeccaw812
Ай бұрын
I think this video is great as I myself have been wondering how companies are talking about record profits yet laying off workers consistently. My former company, a newspaper and media company has been doing layoffs since January 2023 both in big and small doses which is why I think it has stayed out of the news itself due to the fact that it’s just been ongoing. They had record profits during the pandemic as so many people were reading the news they currently also have talked about record profits record subscriptions and even have made a deal with AI company for over 250 million yet they are still doing restructuring and layoffs this video really help to explain, especially at the end why this is happening. I can only speak for myself that this has made me wary of supporting companies like that and other companies because I do not want to support a corporation that does not value their employees or customers I think that we say a lot about where we spend your money, and I refuse to spend money on greedy corporations.
@tonoshikikai
Ай бұрын
The naive point is thinking the companies ever were not greedy. The people must rise up and keep the companies in check or they will simply not be in check.
@nicholausbuthmann1421
Ай бұрын
True but, there were Guard Rails. Now there aren't !
@SamBalducci
Ай бұрын
While it is true Arizona Iced Tea has kept its prices low, they have also eliminated products and have substituted ingredients for cheaper items. For example, before many of their products used real sugar, now all of them use fructose corn syrup as one example. Their products had real lemon, now many have lemon concentrate or simply citric acid. IMHO, the quality of the product has gone down. Like any company, Arizona Ice Tea has had to adjust to the prices and in their case and in my opinion, they have lowered the quality of the products to use cheaper components to keep the same price. While it is good that they are without debt and have been able to keep prices, it was done at a cost whether people see that or not.
@ninjagirl226
Ай бұрын
Ok so it’s not just in my sister’s head that the Arizona ice tea tastes different. She used to love it but she won’t touch it anymore, and her favorite flavor is gone.
@captainkirk9700
Ай бұрын
Walgreen is closing several stores. Not because they are not making profits, but it is not enough for the CEO. Greed rules this country. Same with Rite Aid.
@transitengineer
Ай бұрын
In Southern California it appears that, both Walgreens and Rite Aid have opened up too many retail stores over the past 15-years. In many locations, both drug store chains have stores at the same intersection (smile ... smile).
@elvinlee7592
Ай бұрын
Rite aid went bankrupt. It's undergoing a chapter 11 reorganization.
@robnelson6545
Ай бұрын
They’re closing a lot also because of retail shrink
@jasonk5979
Ай бұрын
I have to agree with what you experienced at Chipotle. The one I went to recently was so disgusting. I walked out. Food all over the counters and the floor. Yuck.
@johnpolk8230
Ай бұрын
I am considering ditching Samsung because they claim they will offer 7 years support for their new Galaxy phones, but are raising prices for their replacement components and requiring phone repair services to use only their parts. Worse, they want customers' information to keep track of their Samsung parts. I believe Samsung is trying to pressure people into buying newer phones sooner despite their "promise" to support their current smartphones for the mentioned 7 years. It was nice knowing you Samsung, but I will take my business elsewhere.
@sarahrosen4985
Ай бұрын
I was completely put off Samsung when I have a problem with the primary microphone and tried to use their diagnostics app. Turns out, Samsung locks you in to support in whatever the local language is. Happen to be in Japan? You better speak Japanese! Layover in Hungary and have a problem? Sucks for you! More than an hour trying to explain that every major and even minor websites and companies has a language menu on the homepage to immediately switch to the language of your choice. Yes, they have support in all languages. No, they ABSOLUTELY will not make it readily available. The heads of the decision makers on that need to roll.
@TheMetalGaia
Ай бұрын
Honestly I feel you on this. I may ditch Samsung with my next phone. Problem is, idk who is better.
@johnpolk8230
Ай бұрын
@@TheMetalGaia I may go with one of the Google Pixel 9 phones after they are released.
@kentfrederick8929
Ай бұрын
It's not corporate greed. It's shareholder greed. The last thing a company needs is an activist shareholder who thinks it knows more about the company than the executives who run the company. Two of the worst offenders are Carl Icahn and Nelson Peltz. They think companies should make more money than they do, so it will bump up the stock price. If more activist shareholders behaved like Warren Buffet, the companies they own wouldn't be slashing bonuses and doing lay-offs like they are. Jim Cramer has said that activist shareholders make a 5-year turnaround plan impossible. They want turnarounds is 2 or 3 quarters.
@mbnesbitt
Ай бұрын
Invest in the financial markets before retiring by diversifying across assets, allocating a small portion of your portfolio, staying updated on market trends, and considering long-term holding to balance risk and growth
@ufuksenol2005
Ай бұрын
Very possible! especially at this moment. Profits can be made in many different ways, but such intricate transactions should only be handled by seasoned market professionals.
@PineHosting
Ай бұрын
Some persons think inves'tin is all about buying stocks; I think going into the stock market without a good experience is a big risk, that's why I'm lucky to have seen someone like mr Brian C Nelson.
@faysdt414
Ай бұрын
Finding yourself a good broker is as same as finding a good wife, which you go less stress, you get just enough with so much little effort at things
@MeliszaMagalyMezaEspinoza
Ай бұрын
Brian demonstrates an excellent understanding of market trends, making well informed decisions that leads to consistent profit
@alasdekarton
Ай бұрын
I'm surprised that you just mentioned and recommend Mr Brian Nelson. I met him at a conference in 2018 and we have been working together ever since.
@KawaiiGoddess2023
Ай бұрын
Many companies reduce staff hours, resulting in inadequate servicing and cleaning, even on weekends, while still needing to hire.
@soundbites1152
Ай бұрын
As someone who was laid off by Nike in February, 2024, and the fact the they're being sued for lying about their performance, yes Corporate Greed is to blame.
@MRBURNTTOAST111
Ай бұрын
If we stop buying things they will have no choice but to lower prices. We always had the power we just need to come together and agree to go on strike and bring down these greedy corporations. The sad part is that will never happen because consumerism is such a big part of our culture and they have already divided us.
@FreedomFinanceFun
Ай бұрын
Tip flation is also Corporation increasing the credit card fees
@sapientquanta759
Ай бұрын
You're a great guy. You're trying really hard and you have a mission. No BS. You're not a top level person. You don't know what is going on. Really supportive. You know exactly what I am saying.
@indridcold2872
Ай бұрын
Example: Google increased revenue with 10% with last year, yet implements layoffs = pure greed.
@schuylergeery-zink1923
Ай бұрын
I can still get a HUGE gyro with all the toppings for $8 from local businesses. You are so powerful as a consumer - never relinquish your power to a company or the government. You choose. Every dollar you make is important. We garden more and more each year and that helps us on many levels. We don’t buy soda or chips etc. we do price comparisons; but understandably pay more for legit quality. Not for brand.
@PeachHerkimer
Ай бұрын
The balls of these corporate figures to admit what they’re doing…..
@courtneicey15
Ай бұрын
Thoughts on the Intuit layoffs of 1000+ employees that were accredited to “low performance”?
@mrbanditos3583
Ай бұрын
The same ones who spun it again as "AI integration"?
@user-lu6yg3vk9z
Ай бұрын
It was not low performance. They said that probably because they have money problems and not to scare shareholders so they lied.
@wreitz455
Ай бұрын
Greedflation for sure. Weve seen 3 years of layoffs and record profits with the profits hidden away into stock buybacks which benefit only the shareholders.
@susiex6669
Ай бұрын
My nephew has been addicted to Doritoes since he was a child. His little guilty pleasure. He hasnt bought them in over a year. I think some CEOs are playing with fire. Once a consumer gets over brand loyalty, he or she is never coming back.
@dskillzhtown
Ай бұрын
It's not a new thing, it's just more widespread. I worked in the energy sector for 20 years. It was a pretty normal thing for record profits to be announced on Monday and then have a layoff on Thursday. Greed, 100% greed. It seems now that other industries have caught on. We desperately need worker protections in this country.
@izamalcadosa2951
Ай бұрын
Greetings from Los Angeles, California, Bryan!! I love all of your videos!
@peterg76yt
Ай бұрын
There are many intertwined economic factors. Inflation is largely incompetence and/or corruption of government monetary policy. Layoffs represent short-term benefit with long-term costs, and generally make a poor trade-off, but may be appealing when there is high uncertainty about the future.
@somethingsomethingsomethingdar
Ай бұрын
This is why small businesses are so vital to the economy.
@gureno19
Ай бұрын
Its not so much driven by "greedflation" as it is by individual executive bonuses. If im a CEO and the board challenges me to increase profitability by X% and ill receive a multi million dollar bonus as a result, then what do you think is going to be the outcome? As the easiest lever for them to pull is to raise prices. The reality is 99% of us would drive for that result as we would prioritise our families success above all else, we are all inherently selfish and driven by money.
@horselover40
Ай бұрын
Working at a larger stereotypical company and they regularly have ceremonies praising us for our work,followed 12 to 34 hours later about how we missed such and such target, followed almost as quickly by them announcing record breaking profits.while it kills me a litrle inside, my coworkers are chill and the benefits are good do Im running with it
@joannevans9629
Ай бұрын
Yeah - Coke Greed: As a 63 year old female, I've now been looking for a job in my industry of Pharma since 2018. I've had some short term contracts but a full time, perm, position just isn't going to happen now. Finances are now extremely tight. I say this because I don't smoke or drink but do (did) love my soda. To save cash I would try the off brand soda. Oh, I know Coca Cola's taste extremely well. What I learned is that an off brand called BIG was exactly the same soda. They just slapped a different label on it and lowered the price. I estimated the brand label of Coca Cola was costing $2.00. I'm talking about just the cost of the label on the major brand. Well, now I'm working to give up soda as well. They are gouging the customer for massive profits.
@ennuiblue4295
Ай бұрын
ever heard of Senomyx? it's a food additive worth googlin
@GenericName4488
Ай бұрын
@@joannevans9629 thanks for your voting over the decades that have lead us to this point.
@transitengineer
Ай бұрын
True, I grew in the 1960's and my mother would only buy "the store brand" for everything including sodas (smile ... smile).
@joannevans9629
Ай бұрын
@@GenericName4488 - what do you mean? Voting for who that lead us to this point? How the F do you know who I voted for?
@ninjagirl226
Ай бұрын
So this is some inside knowledge I have on some of the off brand pop. At least where my mom works they cut the whole line because while it was insanely popular they couldn’t justify raising the price to keep a positive cash flow. So to be honest idk how much of it is greed vs it’s expensive to either make and bottle pop.
@jcbnyc2009
Ай бұрын
The issue with getting a 96 is that a 95 is less. It is hard to get a 97. Amd. Let's not forget that a 98 is bad because it isn't a 99.
@escobarinc.1805
Ай бұрын
My company reports 2-3 billion in profit every 90 days and it’s never enough!!
@user-lu6yg3vk9z
Ай бұрын
Nice layoffs every 90 days
@leinster22
Ай бұрын
Greed originates in Hedge Funds, Private Equity, Institutional Investors., Commodity Speculators. In other words that den of iniquity called Wall Street !!!
@nicholausbuthmann1421
Ай бұрын
Indeed, "Old School" Long or Short Term Investing is fine but, all that stuff you listed is what causes all these problems.
@user-qc3wi5hg3g
Ай бұрын
The thing to keep in mind as an individual- is to not let your beliefs about the system ruin your prospects in life. Sure corporations are being corporations. They take care of their shareholders, that’s what they do. It would take a major shift in society to change that. So in the meantime make sure your work is valuable and relevant. If you do not create value they will not keep you.
@jackcarraway4707
Ай бұрын
MUGA: Make Unions Great Again
@whyc2094
Ай бұрын
And Universal Basic Income.
@jackcarraway4707
Ай бұрын
@@whyc2094 In this age of automation and WALL-E and Player Piano looking like prophecies, it's something that has to be discussed.
@nicholausbuthmann1421
Ай бұрын
Now there's some damn good advise !
@missylks1239
Ай бұрын
I stopped going to Subway once the $5 footlong became $8(and now $10) even though nothing changed about the sandwich.
@ALifeAfterLayoff
Ай бұрын
I haven’t been to subway in years because their food sucks. But especially now due to price inflation.
@user-lu6yg3vk9z
Ай бұрын
$15 for a footlong
@leinster22
Ай бұрын
It’s not a foot long anymore. It’s 10 1/2 “
@dhenderson1810
Ай бұрын
My father worked for the public service and his department got wound up. Everyone lost their jobs except for him, as they wanted to keep him, but now had no job for him to do. All the travelling to sit at his desk and twiddle his thumbs until they found something for him to do. He was bored, so asked for a redundancy package and used it as capital to start his own business.
@christinamarie3598
Ай бұрын
There is sooo much we have walked away from not to ever purchase again .. we have changed lifestyle “habits” of the extras that really just included sugar and junk foods that will never have a place in our kitchens again. Changed what we use day to day that wasn’t really nessary or really added any value to our home & daily life .. just got because it was affordable enough not to hurt having. Now.. just like how they are treating employees.. we find that their product and sales are expendable to us and will no longer will be in need of them
@Boozeblues
Ай бұрын
They can raise prices because they have practically monopolized markets based on what we can buy because thats what they sell in the store we shop at. There isn’t inflation in some areas where there should be because competition is strong
@DONNIEC789
Ай бұрын
I am not be brand loyal . Brand Loyal cost more and not being brand loyal should be the new attitude . Buy what you need not what you want or like. That will affect inflation.
@TheSnerggly
Ай бұрын
Good video and discussion. NVIDIA stock is through the roof, companies would rather spend their money on AI for right now because it is the new shiny thing. We are underestimating how much AI is impacting the tech job market.
@millabasset1710
Ай бұрын
Nvidia is an overvalued company, it's just big tech handing out Oscars to each other, has no real impact on normal working people.
@greymouse451
Ай бұрын
Analyses of the government stimulus show that it contributed a trivial amount to inflation. The current inflation and layoffs are almost entirely corporate greed.
@TheClauah
Ай бұрын
When is everybody going to finally understand that is by design, it is the way it is supposed to be, and it works!...for them
@Jbig1430
Ай бұрын
A good piece of advice invest in these companies and collect those profits as dividends 5 dollars here and there will add up
@cristinatorregiani3144
Ай бұрын
This is a very interesting analysis, that could explain what we are seeing and scratch our head about. Also interesting parallel with the great empires and the inevitable collapse under their own weight. Food for thoughts…
@jamesodell3064
Ай бұрын
The CFO was on Bloomberg TV talking to stockholders. Put him on the NBC Today show and he will tell the audience how PepsiCo is fighting to hold down prices
@lg3103
Ай бұрын
EDIT: Now Chipotle (stock ticker CMG) is down 17%.
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