Oh no! That’s almost six minutes worth of revenue!
That seemed a bit ridiculous, so I checked. You’re right, except it’s not just revenue, it’s profit. They make about $900k profit every minute.
So that would be around $2.40 fine for someone making 50k/year
Literal pocket change.
Just think of how many laws I can break at $2.40 a pop!
I still wouldn’t be able to, since I spend all my money on my crippling avocado toast addiction.
Just be racist to the cashier when purchasing the avocado and in their absolute distress, walk out with it without paying.
Not sure if that’d be $2.40 or $4.80 but might be the cheaper way to fuel the addiction.
Yeah, without paying it, so you save like 10 dollars by not paying for your shit, and then only have to pay 4.80 back in fines.
Idk what labour laws they broke, but companies are always getting away with shit like this, or even if they’re penalised, they’re still left profiting from the crime.
Hell I live in the Nordics with arguably one of the best labour protections in the world and like over half the jobs I’ve done have had the companies try to fuck me over with the compensation. From private people to large companies. Overtime, mandated breaks, whatever it may be.
Fuck capitalism. (Love market economies though.)
Removed by mod
That is absolutely insane. Completely bonkers. They’re making more money in one day than most businesses have made over the course of the founder’s entire life, throughout the entire history of the world.
Removed by mod
Does the fine have to be paid from profits made in California? If not I don’t see why this is relevant, other than semantics.
Removed by mod
Fines are obviously not doing anything to companies like this. Charge the people making decisions.
Break up these massive corporations.
That’s fun too. But ultimately has the same function as a fine. The circle of
lifeAT&T has taught us that. Nothing will change unless people are actually held accountable.
That’s like 1 hour of profits? Ooooo. They’re scared now.
I can’t wait for The supreme Court to invalidate this and rule that fining corporations is unconstitutional… for reasons.
They don’t have to - if the penalty is a fine, then it’s just the cost of business. Everyone is fine with the system - as long as the profits gained from breaking the rule are bigger than the fine, behavior won’t change.
That’s not a penalty. That’s a rounding error.
That number suffix should start with a B rather than M
Or at least 2 more zeros
pennies
I doubt the quotas bring in that much value but its a small price to pay for power tripping tech bros
