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Kroger logo | BUSINESSES CANNOT OPERATE AT A LOSS; IF A MANDATED WAGE HIKE FORCES THEM TO OPERATE AT A LOSS, THE BUSINESS WILL CLOSE; CLOSING STORES IS NOT BUSINESSES BEING GREEDY OR POLITICS, IT'S MATH | image tagged in kroger logo | made w/ Imgflip meme maker
210 views 12 upvotes Made by boredmeme 4 years ago in politics
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8 Comments
2 ups, 4y,
1 reply
we are ok with CEO's making 10,000 dollars a minute- because that doesnt have any effect on prices, but pay the grocery store worker a few extra bucks and all the sudden CEO are selling their 58 million dollar 3rd home- wah!
1 up, 4y,
1 reply
$26 per minute, still way too much but no where near 10,000. He made $14,167,163 according to salary.com.
0 ups, 4y
i wasnt referencing any one in particular. No one cries about CEO salaries but paying someone $7an hour is insane. So WE provide them with food stamp, Medicaid, and govt housing- because all of that is free?
[deleted]
1 up, 4y,
2 replies
They're shutting two stores down in CA because they don't wanna pay "hero pay".
1 up, 4y,
1 reply
Because the profit margins are so slim they can not be profitable at that wage they are still leaving 75% of their stores open and paying hero pay at those stores. Closing 25% of stares after an over 25% wage increase sounds about right to me.
[deleted]
0 ups, 4y,
1 reply
They just dont wanna pay. Theyre not exactly a mom n pop operation.
0 ups, 4y
One of the stores they're closing (the Ralphs off Los Coyotes diagonal) practically is. It's tiny (by today's standards),and every time I go in there there is almost no one in line, and those that are in line are only buying one or two items. Compare that with the Food4less off Anaheim, which they are leaving open. A much larger store, Multiple long lines with carts full of groceries.
I can't speak to the Location off of South Street, as I've never been to that one.
Another way to look at this is Kroger chose to keep 75% of their stores open in Long Beach despite a mandated increase in operational costs. If it was simply about "not wanting to" why would they leave any stores open on the city limits? People could travel to Lakewood or Cerritos to get groceries, or shop at Vons instead (which is what will probably happen to the limited clientele from the Los coyotes location, as there is a LARGE Vons less than a block away).

And even though it's "25%" of their Long Beach stores (literally 2 stores), it's not 25% of their employees, as these were smaller and less profitable stores.
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BUSINESSES CANNOT OPERATE AT A LOSS; IF A MANDATED WAGE HIKE FORCES THEM TO OPERATE AT A LOSS, THE BUSINESS WILL CLOSE; CLOSING STORES IS NOT BUSINESSES BEING GREEDY OR POLITICS, IT'S MATH