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Why should they? I mean, they're a business, not a charity, and they operate on razor slim margins. Like most other large grocers, their net income is under 2%.
by dnsworks 17y ago
Why should they? I mean, they're a business, not a charity, and they operate on razor slim margins. Like most other large grocers, their net income is under 2%.
- yesimahuman 17y agoHence the "evil" designation in many people's eyes.
- replicatorblog 17y agoWhich is just a reflection of knee-jerk thinking. This "Evil" corporation pays better than companies that require similar levels of education/commitment and also offers employees health insurance. However, these benefits are better than those offered by unionized companies and this is a threat to those unions. So you get a smear campaign even though HF nets out as a far better corporate citizen. A lot of my liberal friends were among those angered by the WSJ editorial. Strangely none of them wanted to peer deeper into how this company with a low/no-skill workforce was able to offer insurance benefits. This company should be studied and held up as an example, not pulled into the borg.
- dnsworks 17y agoThinking through this more (there's now a raging debate going on about this is now going on in my home office) my best guess is that Whole Foods has this "evil" image because of their union-busting history. I think the first time I heard someone say that Whole Foods is evil was during a union-busting scandal at a midwestern WF store when I first moved to SF in 2000. It was humorous as I had 2 musician roommates who worked at Whole Foods and it was the best paying, most reliable job they were able to get in San Francisco for their skill-levels/desires.. Us left-coast liberals tend to get up in arms about unions, even though none of us are in them, affected by them, or really touched by them anymore. I would rather buy my groceries from a health-oriented libertarian than from Safeway or Albertsons, which both carry far inferior produce and have religious roots that offend the athiest in me.
- joe_the_user 17y agoHave you got reference for the %2 in the Whole Foods Case? I remember natural food stores doing much better than conventional grocery stores a few years ago.
- dnsworks 17y agoGoogle Finance, Yahoo Finance, really. The number is specifically their Net Income.