RANT: Yet Another “Unfair Labor” practice?

Saturday, May 27, 2023

https://ritholtz.com/2023/05/tip-demands-inflation-higher/

POS Tip Demands Are Driving Inflation Higher
May 22, 2023 10:00am by Barry Ritholtz 

*** begin quote ***

 If you leave a few singles in a jar by the register, you assume the recipients are the staff who work there. We have no idea where the Square POS tips go. Recall Doordash and other weasels pocketing driver tips during the pandemic (we should make sure that’s not happening here). All POS tip demands should be mandated to show a disclosure as to where the money goes — and both Square and the retailer should be on hook if it does not go where advertised.

*** end quote ***

I remember first seeing this at Olive Garden when they first mandated that all Users paying by credit card use their POS (point of sale which happened to be a Piece of <synonym for excrement>) device.  It automagically “suggested” 18% “tip”.   I had no idea but a sneaky suspicion that this was not on the all up and up.  So I always tipped in cash  — and not 18%.  After all I was now doing some of the work and we used to get thin mints with the receipt.

It would seem that “tipping” needs to be disclosed.  Who gets it and how much does the server have to “tip out” to others.  I’m most concerned that this is nothing more than a “DoorDash” price increase.  

Argh!

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INSPIRATIONAL: That poor skunk! Is us like us humans today?

Sunday, March 14, 2021

https://ritholtz.com/2021/03/transcript-william-j-bernstein/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+TheBigPicture+%28The+Big+Picture%29

Transcript: William J. Bernstein
March 7, 2021 12:00pm by Barry Ritholtz
The transcript from this week’s, MiB: Bill Bernstein on the Delusions Of Crowds, is below.

*** begin quote ***

BERNSTEIN: So we have this evolutionary drive, that let me we lead this to over interpret things and the analogy I think that is best is that you know if you’re a skunk millions of years of evolution have told you that when you meet a large predator, you turn 180 degrees, lift your tail and spray.

And that’s you know, very, very functional and very useful in a state of nature. But in a semi urban environment where the biggest threat to your existence is a hunk of steel weighing two tons moving at 60 miles an hour, that is not a functional response and unfortunately that’s the world we live in today.

*** end quote ***

Somehow I feel that “We, The Sheeple” are like that poor skunk being unable to adapt to the politicians and bureaucrats taking control of life.

Argh!

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