3 ms·
+1 to everything you say here. The store manager track is very much a Corporate vs Retail (hourly) thing at least at the big chains. I worked retail in high sc
by filmgirlcw 3y ago
+1 to everything you say here. The store manager track is very much a Corporate vs Retail (hourly) thing at least at the big chains.
I worked retail in high school and college in the same era as you mentioned and even 20 years ago, a store manager at a Best Buy or a Costco was clearing $250k or more, at least in the wealthier-Atlanta area where I lived (I know a lot of HD employees being from Atlanta and my knowledge of corporate and sales manager salaries at HD aligns with yours too), as you said, based in part on bonuses related to store revenue (the Best Buy stores I worked at when I was 16 - 22 were two of the top-ranked stores in the southeast region by sales, with some departments being among the top 10 in the whole company). For some of the chains, I think that has decreased as in-store sales have shifted but places like Costco notoriously pay their store managers extremely well.
Best Buy desperately wanted me to quit college and be fast-tracked into store or sales management (I would spend my summers as a manager of a department and they agreed to keep me at that elevated hourly wage even when I was part-time during the school year), trying to lure me with tales of just how much money the top of the foodchain people make, but I never took it seriously. Given the ebbs and flows of the economy (I graduated from college in 2008) and the collapse of the retail market from its early 2000s high in favor of ecommerce/Amazon, that was almost certainly the right decision -- but it was an instructive lesson for me at a young age about the very disparate differences in compensation between the hourly workers and the people at the top of those stores.
- eastbound 3y agoThe Freakinomics book has a great chapter on how the police discovered accounting books of a NYC drug cartel, and its pay scale from the street watcher to the top lord was the same as at… McDonnalds (just the ratio, not the amounts). 20 years later, I reckon there was a lot of storytelling here advantaging the arguments of the right-wing, but I’d still be curious what are the true figures.
- AtlasBarfed 3y agoI thought freakonomics also showed most foot soldiers made less than minimum wage.
- red-iron-pine 3y agono the point was that they made around minimum wage, and lived with their mom. the question the book asked, explictly, was then if they're making minimum wage, why not just get any old crappy job at McD's or as a janator? if you're making minimum, why not get a job where there is no risk of getting shot or sent to jail?
- reducesuffering 3y agoDid the book have no answer? Status (in drug dealers' circles, the gangster/thug is higher status than a fast food job), more independent lifestyle hours (no 9-5), and seeing a way to move up (a la become Scarface) that culture doesn't portray from a "dead end" McD's job.
- red-iron-pine 3y agothat's correct. they speculated -- they're economists, not sociologists -- that it was about status, hours, lifestyle, and the get-rich hail-mary long-shot potential. workin McDs or Kinkos is eating shit every day, wearing a uniform, etc. and is fundamentally emasculating when compared to gang culture.