Labor Oct 14, 2022 at 9:59 am

Starbucks Execs Target Pro-Union Workers, Uber Eats Pays Up $3.3 Million, and Biden Looks to End Gig Economy

The Seattle Office of Labor Standard's multimillion-dollar settlement with Uber Eats amounted to its largest ever imposed under the Gig Worker Premium Pay Ordinance. HK

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At 1.18 billion shares, and .79 earnings per share, that nets out to $913 million earnings for Starbucks. (Other sites show $930 million)
An extra $1 per hour for all workers would prob be about $250 million (depending on number of workers -138K employees and hours per worker, but that figure was at least 1 year old).
Thanks for the column Conor, always informative!


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