Late Stage Capitalism

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Pray we don't improve your shopping experience further (media.mas.to)

submitted 11 months ago by yogthos@lemmygrad.ml to c/latestagecapitalism@lemmygrad.ml

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[–] absolutefuckinidiot@lemmygrad.ml 13 points 11 months ago (2 children)

It seems like a lot of big chains (cough walmart) would rather spend thousands and thousands on dubiously successful loss prevention schemes and security equipment rather than just hiring more staff to work tills instead of having 95% self checkouts. I’m no business genius but I can’t imagine the math there works out.

[–] redtea@lemmygrad.ml 9 points 11 months ago

The business genius is the security consultant charging $millions to advise them on how to prevent loss.

[–] starkillerfish@lemmygrad.ml 6 points 11 months ago (1 children)

Companies very much prefer one time costs (bunch of equipment) rather than recurring ones (wages). One time costs (1) look better on the balance sheet and (2) are easier to justify to shareholders as they don’t eat into future profits. Businesses basically never base their decisions on math ever.

[–] absolutefuckinidiot@lemmygrad.ml 3 points 11 months ago

This is a good way to think about it, thanks