if you felt a little stressed from this one. don't worry. next week will be more positive stories and a little more lighthearted. Cuz... #1 - this video was too long LMAO #2 - i got demonetized on it for talking about cocaine : (
thank you, sometimes it feels like everything is going down the gutter. I wonder if you have read the book "Factfulness" by Hans Rosling, because it helped me immensely to put things into perspective. It talks about how the world view of most people is skewed to be more negative than the world really is. I think it is a refreshing take on the issue.
I'd like to right a wrong here quickly. When Atrioc said everyone was wrong about the main export of Columbia, Mr. Fauc23 responded with the right answer. #justiceforfauc #commonfaucW
Man said it in all lowercase too. On the internet when someone answers in all lowercase you know he's right. No flair, no punctuation. He knew it was "oil" and it was obvious. Fauc23 is a cool dude.
I have unintentionally made it a thing to basically recite every marketing monday to my physical therapist. He ask me for updates on big news every time I go now. Thanks for making me look smart Big A!
I was the car earlier and I shit you not the whole time I was just repeating whatever atrioc said to my Abuela in Spanish who is from Ecuador she thinks I’m so smart
I failed to read the word "physical" and thought you were saying man I am going to need therapy after this one and your therapist goes this is big new please keep coming back I need to keep up to date on this stuff.
They're literally wrongly sending tons of cokaine in banana to banana distributers in Europe. The banana distributers down the road has been finding cokaine in their bananas every week lately.
@@sergiomercado4859 No wonder, if the cost is a few dollar for the gram and all the rest is mark up one can lose a bunch (pun intended) with no consequences
The funniest part about the jet crash story is the freaking 911 call from the random guy whose backyard the pilot landed in. The call operator is so confused, it's hilarious.
2 week pay is OK. The only reason people need to be paid daily is because they are already living paycheck to paycheck. It is incredibly predatory for a company not to raise wages equal to inflation, and then proceed to offer this as a solution, which as you said, as a net result is simply lowering wages. And the company is not already struggling for money. Damn, it is just sick.
Honestly I think it’s crazy like, it’s pretty predatory at like 14% interest. But I know people who get pay day loans to pay off payday loans and they are so deep in that shit that I don’t even know why the payday loan place still approves them 😂😂
it's time chat unionizes for a split in the glizzy gazzillions and get paid their fair share, we can't let Atrioc get rich off the back of hard working viewers
When i worked at target, they had this incredibly sketchy app you could get where you take out a loan early like the walmart app, but the difference is, they would let you take out wayyyy more than you earned, meaning when they were gonna take the money when you were supposed to get paid, you got insanely high overdraft fees
@@atrioc Looks like the RedCard Reloadable Program. It looks sketchy enough to be what we're talking about, "Can you use your Target debit card if your account is overdrawn? It will OK your purchase either way. Then the transaction may take several days to process-and if the funds are not there, or no longer there, you will be hit with a substantial returned payment fee. And this will be on top of any overdraft fee you owe to the bank." Acts as a liaison account so they can double dip into overdraft fees, while not checking how much money a customer has access to.
I’m Ecuadorian and yeah if you put it lightly sound kinda silly and dumb and it is but the raise of violence and assault had been massive over the last two years and let me tell you going outside is really risky, Ecuador now is at the top list of most insecure countries in South America is a shame how politics sold our country to the cartels.
@@itsstemmy868 I live in Ecuador the Ecuadorian government sold my country, one of the candidates for future president got murdered by sicarios a month ago after a press conference talking about the corruption on the position of various people inside the government.
@@pablolarreategui9489cartels have more soldiers with more and better equipment that the Ecuadorian army. If push comes to shove they could do an almost open invasion. And also, good old Escobar practice "Plata o Plomo". Si el candidato ese comio plomo, nadie esta a salvo. The only two scenarios i can think for situation to get better is calling for USA assistance (which is almost as bad) or government openly negotiating with cartels in such a way as, "we will help and support you as long as you dont harm us". La mejor de las suertes hermano
I love this Marketing Monday episode. Its very informative and I dont mind the heavier topics. I would like more episodes like this, as your take and presentation of these topics is unique, enternaining while being informative. Keep up the great work! :)
In college we had an adjunct professor who used to be CEO of a pretty big sized tech company. He sold for like 1.2B but when he was CEO, he said he never made more than 17x his lowest paid staff member and I always respected that big time. If he wanted more, he had to raise the wages of his lowest paid workers too
As a Colombian I can testify that what Atrioc is saying is true, and if you're wondering how they launder that much money... The answer is talented singers. Cartels create a place where people can dance, like a disco, and every weekend they bring the most expensive artists to perform a concert, then they just report that the artist charged them an exuberant price for their performance, bada bing bada bum.
Working right now as an hourly employee is so depressing. I'm currently working for a company that has lost almost half of its staff at our branch in the past 2 months and basically every new temp-to-hire quits in the first 3 days. Why is that? Because they don't pay us enough for how awful of a job it is. I'm still a temp but I've reached the hour requirement to get hired on. I'm also at my wits end and ready to quit, but I told them, "hey, if you can pay me 3 more dollars an hour then I'll get hired on." Nope. Somebody in some cushy office job in a different state decides our hourly wages, somebody that probably hasn't even stepped foot in our building. Even though my current $18.50/hr costs the company a minimum of an extra $3/hr from what my boss told me, they would rather continue to pay the staffing agency to keep me hired as a temp than to pay me what they're paying the staffing agency and take me on as a full hire. Boss can't do anything about it, he would give me more than what I'm asking in a heartbeat but he has no power. Honestly I'm jealous of anyone working under a union. Every single major company wants to bust unions because unions are the one real answer to the bullshit going on in America. Unions are the only thing that can create any sort of connection between the ground floor employees and the executives that decide our wages, because almost all of us who work for large corporations will never even be given the time of day to speak to those people.
Same issue here in Sweden, i assume the entire world. Due to our strict labour laws many companies would rather pay 50€+ an hour through a staffing agency with workers earning 18€ rather than hire them directly. And it must be worth it since so many companies does it, even government jobs. I worked for a government branch before i pursued higher education, which enabled me to see exactly how much i costed an hour, 545 SEK, my actual cost of employment (for the agency) was around 250 SEK and take home around 173 per hour. With colleagues earning less than me being employed directly into the government branch (15-25% less!). The entire work force will be moving towards this structure, and more high paying jobs will have contract based work instead as self employed entity. Makes it very easy to sack large groups of people without repercussions when the economy takes a downturn. Which in turn lowers risk when companies are at their weakest. As a result we the workers take on all the risk, and reap little to no reward during economic booms. In other words, start learning how to build a company and join them instead. If they can do it, so can we.
@@eriksvensson2098 At smaller companies this isn't as much of a problem, and even some larger companies allow local managers to determine wages. My friend got a $5 USD/hr raise not too long ago from his boss, and my brother who works in commercial construction ends up working for a lot of contractors that are able to negotiate pay. Typically the smaller the company and the less power distance there is, the easier it is to get better pay. While paying more for a staffing agency does come with a lot of benefits, our company also does direct hiring as well. I think the benefit of staffing agencies is that they don't have to waste as much time and energy with onboarding someone that they aren't sure will last long term. They would rather avoid all that hassle in the first 3 months and be more certain that someone will stay before having to go through the necessary steps of hiring someone. The company I work at doesn't want to keep anyone through a staffing agency longer than they have to. The contract with the staffing agency doesn't allow them to hire us until we work a certain number of hours, and that ensures that the staffing agency gets a return on each employee. Also, keeping people longer has way more benefits than having a bunch of new people because it takes months to train someone on everything, there's a lot of knowledge and skills that can only be learned on the job; you won't find anyone with prior expertise besides forklift operators. Either way, the cost of our wages is nothing compared to the profits we make, so losing productivity because they can't keep employees just hurts our bottom line and they keep having to have us work overtime (1.5x pay) which tells you a lot about the fact that they are willing to pay us a lot more just so we can keep up with the production schedule and despite doing that it's still very profitable for them. The lack of flexibility from restrictive company policies is only hurting the organization right now.
Only good thing about working at a community COOP (local grocery store) I'm a dishwasher and I make 17$ an hour because are union is legit lol. Cooks get over 24
USA is 0-3 against common nouns in the last 60 years. Terror, drugs, and poverty are doing fine still. There are other 'war on ___' that have had differing results, but the big three have all been pretty bad.
So you know how when you did Shark Tank you would also follow up on how companies did? Well could you do that for stream sharks? I’d like to see how some of those games are going.
Your pay minimums aren't determined by when you get paid, but how the worker is categorized and how long the shift is. At the end of the day, getting rid of alternative rules for contract workers like Canada did would solve most of these issues.
19:30 I have worked in equity reporting with some of the biggest companies on the planet, I can tell you that the original purpose of stock options was to finally create a way to tie performance to pay for C-level executives. The problem is that stock price is not a model that measures performance. Its a model that measures investor confidence, which is influenced by performance but as we have seen many times is all based on what people believe. People's beliefs are surprisingly easy to change and often not based on a companies actual performance (at least until shit hits the fan and you can't mental gymnastic the problems away). What's worse is that stock options for C-level execs once vested will often be used to buy common stock, with which the exec will vote to give themselves larger stock option awards. Its a vicious cycle that destroys companies.
At 20:37 you talk about GM’s stock over time since 2014. While their stock has not increased as much as others, legacy automakers like GM are not necessarily after that type of growth. In many cases their market share is already so high that it would be extraordinarily difficult to grow that much. What they are truly after is dividends and stability. And in that mark, she has been relatively successful as CEO. Their dividends have also grown over the years, keeping investors satisfied.
what you are saying is true in general - if this was a mature company (not facing decreasing market share / competitive pressure in a bloodbath market with the rise of EVs coming) then stability + dividends would be considered a success. I don't think that applies to GM - and its worth noting they cut their dividend to 0 during Covid and said they would use the money instead on "significant EV growth opportunities" those haven't materialized and they just brought back a smaller dividend than before. I would find it hard to say GM is in a stronger position than when Mary took office as CEO. That makes the hundreds of millions of dollars she's been paid during her 9 years there something I think fair to question.
Lmao the big 3's market share is going down both domestically and internationally each year. As someone who grew up in SE Michigan, where the big 3 are, if you go into the employee lots of those companies it's not even half big 3 cars anymore. Even their onw employees don't buy their cars. Stellantis especially has been doing so bad, despite going from Fiat + Chrysler brands to Fiat + Chrysler + Stellantis brands. Crain's has been predicting for years now that the Big 3 will dip under 30% together within the decade and it's looking like that'll happen. This is not even to say all of the million things that make each of them uniquely mismanaged companies, from terrible model releases to hasty white collar downsizes to increases in recalls due to awful model development documentation practices. These are sitting duck companies waiting to recede to what non-Japanese cars market share used to be in the US pre-90s. By no means are the investors of those companies happy with what they're doing.
Globally workers are paid monthly, generally, US EEs usually get paid on a biweekly, semimonthly, or weekly basis - US monthly is rare and usually only for blue collar hourly workers source - me (payroll consultant)
Succession is a perfect show for you. It has amazing character drama, and it has shareholder meetings and complicated business drama. You could do reactions or explanations of the events in a more GLARKETING style.
I just like that so many people are striking right now in different fields. Ideally they wouldn't have to strike to begin with, but I hope there is some kind of snowball/domino effect from here
Chime is pretty good about the cash advance, and spot me. They do have a tip option but they do not take out anything extra or charge you percentages for the early cash (unless I’m missing something in the TOS)
14:27 In most of the world, employees get monthly paychecks. The 2 week paycheck was actually a massive win for the American labor movement because it doesn't really exist anywhere else. It is usually 1 paycheck a month in Europe, the Middle East, and much of Asia.
You also get billed monthly which was his point in the video. The 2 week paycheck system doesn'tr really align with consumer purchasing habits so what you see happening is People needing their paycheck earlier. A better solution than 2 week paychecks would be 1 week paychecks or monthly, since either of those actually make sense for how consumers tend to purchase things. It does seem a little backwards but its just better for employees to get paid either montly or weekly.
@@supernicral I have seen some companies move to a bi-monthly system of pay. So basically you get 1 paycheck on the 1st of the month and then roughly on the 16th of the month. That way it is roughly at the same time every month.
@@mattbenz99 Thats not as bad I suppose. Its not like Im some total bi weekly hater or anything, I just feel as though if youre going through the effort of bi weekly weekly would prolly be more effective for what youre trying to achieve and better for the workers
Is that a win? It's just a different way to divvy up pay in the end, and tying it to a frequency that moves around the calendar both month to month and year to year could easily lead to situations where you are out the money because you can't build good routines. It sounds like the same situation as not adding VAT on the price tag, an inconvenience that only adds unnecesary work.
As a Walmart employee the company actually covers the fees for the instant pay and I assume write it off on taxes or something. I use it quite frequently to have extra money to put on debt before interest hits.
Trust bust the tech companies!!! If this works I'm hoping Amazon is next on the list. The list of shady, anti-competition stuff Amazon gets away with feels criminal.
One thing that should be pointed out about the payday loans thing is that saying, "Just put it on a credit card :4head:" is pretty tone deaf advice. The market for payday loans is people whose credit is so bad and whose access to banking is so poor that they cannot get a line of credit. In the case where a payday loan is provided by a third party, those rates typically represent the real default risk. People who actually need payday loans already have no credit and no assets, so if they decide to just leave there's nothing to pay back the loan. And given that all parties know that, the rate of default is massive. I'm not saying that payday loans are these charitable institutions. They aren't, they are businesses. But focusing heavily of their business is window-dressing progressivism, focusing on the visible symbols of inequality rather than it's causes. Of course the same isn't true for the actual employer providing this kind of "service" . Its nearly criminal that Walmart can charge employees to access funds they've already earned. If they can disburse the funds for a fee, they can just disburse them, and they should. Wage-paying companies should switch to a weekly payment structure, if not more frequent.
When I used to work for a certain self-driving company that was under a particular ride-sharing company, we used to refer to teams and meetings in a lot of terms that the Google Memo referenced. It was really funny seeing all the emails and such saying "Stop naming it that. Don't say this. Call the people to replace the meeting room plaques." So funny in a "What did you expect?" sort of way.
The big increase in Belgium and the Netherlands is due to the ports of Antwerp and Rotterdam being the point of entry for a lot of central and eastern Europe.
I work for tesco in the UK and talking about the salary advance things, I reckon we have a really nice system. By default everyone can access the system after 3 months, and basically, we pay 1.99 one time per 4 weeks if we want 25% of our full wage paid in advance, which then gets deducted from our pay at the end of the 4 weeks, plus that 1.99 fee. Its a lot better than having to pay for several pay advances or whatever, and a 1.99 fee at the end is like whatever when you earn ~1600-2000 a month
My favorite part is the fact that an hour before this was uploaded, an article talking about the FTC's lawsuit against Amazon popped up in my newsfeed about an hour before lmfao
I work at walmart, and they changed it massively. You can take out up to 1/2 of your check for no fee. I think it only charges you if you use it as a non walmart employee
i live in the biggest port in brazil and coke here is like 1 dollar, not kidding 1/2g "pino" is 1 dollar (5brl) and its an "old drug" or for "old people"
My work has a thing called daily pay built in no matter how much I pull it’s only 2.50 for instant so it’s not to bad compared to these apps asking for 10% “tips” and a instant transfer fee
I think the walmart buying fintech stuff is interesting when you look at it through the lens of walmart being the bank for the unbanked using their western union/financial services section of their stores
Never thought I would see Tim Gurner in an Atrioc video. My friend works closely with him, and I can assure you that he is somehow 100 times more insufferable than this video shows
The reason they charge for early withdraws is they haven't actually received money from the customers yet for whatever service was provided. Bank transaction processing takes multiple business days so effectively you're actually receiving a loan. I work in fintech, those rates are still high tho.
I lived in Germany 15 years ago and Coka was pretty new, MDMA was far more popular. Makes sense that it's a growth industry for cartels with the increase of global shipping. I live in Canada and I've seen people cut 1/2 oz cut into 1/2 coka and sell at 100 bucks a gram I can't even think about what the prices are now a days.
if you felt a little stressed from this one. don't worry.
next week will be more positive stories and a little more lighthearted. Cuz...
#1 - this video was too long LMAO
#2 - i got demonetized on it for talking about cocaine : (
:(
Rest in pepperoni 😢
doomer boomer
thank you, sometimes it feels like everything is going down the gutter. I wonder if you have read the book "Factfulness" by Hans Rosling, because it helped me immensely to put things into perspective. It talks about how the world view of most people is skewed to be more negative than the world really is. I think it is a refreshing take on the issue.
Unfortunate. Really enjoyed this one
this will undoubtedly affect the bloons economy
nmokey!!! I see you have good taste in videos 😊
Man, you made me laugh
we need to discus the banana price
we need to discus the banana price
monke
Banana farms getting a huge buff
I'd like to right a wrong here quickly. When Atrioc said everyone was wrong about the main export of Columbia, Mr. Fauc23 responded with the right answer. #justiceforfauc #commonfaucW
Man said it in all lowercase too. On the internet when someone answers in all lowercase you know he's right. No flair, no punctuation. He knew it was "oil" and it was obvious.
Fauc23 is a cool dude.
alongside willemthefriend and vestigialoregon #justiceforwillem #justiceforvestigialoregon #commonwillemW #commonvestigialW
I'd say this grave injustice warrants a heartfelt, handwritten apology from Mr. Brandon Ewing - 200 words minimum.
this comment needs to go on the subreddit 😂
@@TonKcedua He's gonna chatGPT it anyway
I have unintentionally made it a thing to basically recite every marketing monday to my physical therapist. He ask me for updates on big news every time I go now. Thanks for making me look smart Big A!
Atrioc had to get that info from somewhere else too! Knowledge doesn’t belong to anyone
I was the car earlier and I shit you not the whole time I was just repeating whatever atrioc said to my Abuela in Spanish who is from Ecuador she thinks I’m so smart
@@McAizen_McSosukeaww that’s sweet
I failed to read the word "physical" and thought you were saying man I am going to need therapy after this one and your therapist goes this is big new please keep coming back I need to keep up to date on this stuff.
@@McAizen_McSosuke holy moly he was the car
So we should break up the cartels so that newer, smaller cocaine producers can have a chance and will reduce cocaine prices for everyone.
Or just move to Colombia where its free.
@@omgvague I would not say free.. but 1-2 dollars per gram for sure.
unfathomably based
Amen
😅😅😊
They're literally wrongly sending tons of cokaine in banana to banana distributers in Europe. The banana distributers down the road has been finding cokaine in their bananas every week lately.
Wrong as in by mistake or unethically?
@@ayo9566By mistake
@@sergiomercado4859 No wonder, if the cost is a few dollar for the gram and all the rest is mark up one can lose a bunch (pun intended) with no consequences
The funniest part about the jet crash story is the freaking 911 call from the random guy whose backyard the pilot landed in. The call operator is so confused, it's hilarious.
Link plz :)
Apparently youtube ate my reply, but AngryCops has it on their channel, with a little sketch he made for the audio@@rocktheusa
ruclips.net/video/AXhI8fLpeJU/видео.htmlsi=HKTb8q9JzhUt9NRa
well the banana industry has toppled more governments then the cartels so let’s give them a chance
Ha truth 🤣
Atrioc’s the only man that can rhyme orange with banana 😮
bornana
Bornana
Eating pork rinds, sword fighting in pajamas.
At the crib playing Fortnite with your grandma
slips her hand on my thigh and says, boy I’m the sigma.
2 week pay is OK. The only reason people need to be paid daily is because they are already living paycheck to paycheck. It is incredibly predatory for a company not to raise wages equal to inflation, and then proceed to offer this as a solution, which as you said, as a net result is simply lowering wages. And the company is not already struggling for money. Damn, it is just sick.
We in Europe get paid monthly and most of us are doing fine.
Why is it a big deal?
Id like to understand.
Honestly I think it’s crazy like, it’s pretty predatory at like 14% interest. But I know people who get pay day loans to pay off payday loans and they are so deep in that shit that I don’t even know why the payday loan place still approves them 😂😂
it's time chat unionizes for a split in the glizzy gazzillions and get paid their fair share, we can't let Atrioc get rich off the back of hard working viewers
Ok checkmark
When i worked at target, they had this incredibly sketchy app you could get where you take out a loan early like the walmart app, but the difference is, they would let you take out wayyyy more than you earned, meaning when they were gonna take the money when you were supposed to get paid, you got insanely high overdraft fees
you know more about this? i'd like to learn more
@@atrioc bro asks like an automated company mail
@@atrioc Looks like the RedCard Reloadable Program. It looks sketchy enough to be what we're talking about,
"Can you use your Target debit card if your account is overdrawn?
It will OK your purchase either way. Then the transaction may take several days to process-and if the funds are not there, or no longer there, you will be hit with a substantial returned payment fee. And this will be on top of any overdraft fee you owe to the bank."
Acts as a liaison account so they can double dip into overdraft fees, while not checking how much money a customer has access to.
are you referring to dailypay? i thought it was only for paycheck advances…
@@votrox991Bro asked it like a google survey "Was this result helpful?" type beat
I’m Ecuadorian and yeah if you put it lightly sound kinda silly and dumb and it is but the raise of violence and assault had been massive over the last two years and let me tell you going outside is really risky, Ecuador now is at the top list of most insecure countries in South America is a shame how politics sold our country to the cartels.
Was boutta say title for this rlly should be “How the United States sold Ecuador to the cartel”
@@itsstemmy868 I live in Ecuador the Ecuadorian government sold my country, one of the candidates for future president got murdered by sicarios a month ago after a press conference talking about the corruption on the position of various people inside the government.
@@pablolarreategui9489cartels have more soldiers with more and better equipment that the Ecuadorian army. If push comes to shove they could do an almost open invasion. And also, good old Escobar practice "Plata o Plomo". Si el candidato ese comio plomo, nadie esta a salvo. The only two scenarios i can think for situation to get better is calling for USA assistance (which is almost as bad) or government openly negotiating with cartels in such a way as, "we will help and support you as long as you dont harm us". La mejor de las suertes hermano
i think it’s crazy that gm is worth 1 percent of apple yet she gets paid a third of what tim cook gets paid
I love this Marketing Monday episode. Its very informative and I dont mind the heavier topics. I would like more episodes like this, as your take and presentation of these topics is unique, enternaining while being informative. Keep up the great work! :)
I agree. Not to dunk on literal children, but I feel a lot of complaints about recent vids being too heavy come from kids.
I hope the line "They turned history off, your honour, so they could rewrite it here in this courtroom" is etched into school textbooks 💀
In college we had an adjunct professor who used to be CEO of a pretty big sized tech company. He sold for like 1.2B but when he was CEO, he said he never made more than 17x his lowest paid staff member and I always respected that big time. If he wanted more, he had to raise the wages of his lowest paid workers too
As a Colombian I can testify that what Atrioc is saying is true, and if you're wondering how they launder that much money... The answer is talented singers.
Cartels create a place where people can dance, like a disco, and every weekend they bring the most expensive artists to perform a concert, then they just report that the artist charged them an exuberant price for their performance, bada bing bada bum.
People must likely have coke with them at those parties too 😭
Working right now as an hourly employee is so depressing. I'm currently working for a company that has lost almost half of its staff at our branch in the past 2 months and basically every new temp-to-hire quits in the first 3 days. Why is that? Because they don't pay us enough for how awful of a job it is. I'm still a temp but I've reached the hour requirement to get hired on. I'm also at my wits end and ready to quit, but I told them, "hey, if you can pay me 3 more dollars an hour then I'll get hired on." Nope.
Somebody in some cushy office job in a different state decides our hourly wages, somebody that probably hasn't even stepped foot in our building. Even though my current $18.50/hr costs the company a minimum of an extra $3/hr from what my boss told me, they would rather continue to pay the staffing agency to keep me hired as a temp than to pay me what they're paying the staffing agency and take me on as a full hire. Boss can't do anything about it, he would give me more than what I'm asking in a heartbeat but he has no power.
Honestly I'm jealous of anyone working under a union. Every single major company wants to bust unions because unions are the one real answer to the bullshit going on in America. Unions are the only thing that can create any sort of connection between the ground floor employees and the executives that decide our wages, because almost all of us who work for large corporations will never even be given the time of day to speak to those people.
Same issue here in Sweden, i assume the entire world. Due to our strict labour laws many companies would rather pay 50€+ an hour through a staffing agency with workers earning 18€ rather than hire them directly. And it must be worth it since so many companies does it, even government jobs.
I worked for a government branch before i pursued higher education, which enabled me to see exactly how much i costed an hour, 545 SEK, my actual cost of employment (for the agency) was around 250 SEK and take home around 173 per hour. With colleagues earning less than me being employed directly into the government branch (15-25% less!).
The entire work force will be moving towards this structure, and more high paying jobs will have contract based work instead as self employed entity. Makes it very easy to sack large groups of people without repercussions when the economy takes a downturn. Which in turn lowers risk when companies are at their weakest.
As a result we the workers take on all the risk, and reap little to no reward during economic booms.
In other words, start learning how to build a company and join them instead. If they can do it, so can we.
@@eriksvensson2098 At smaller companies this isn't as much of a problem, and even some larger companies allow local managers to determine wages. My friend got a $5 USD/hr raise not too long ago from his boss, and my brother who works in commercial construction ends up working for a lot of contractors that are able to negotiate pay. Typically the smaller the company and the less power distance there is, the easier it is to get better pay.
While paying more for a staffing agency does come with a lot of benefits, our company also does direct hiring as well. I think the benefit of staffing agencies is that they don't have to waste as much time and energy with onboarding someone that they aren't sure will last long term. They would rather avoid all that hassle in the first 3 months and be more certain that someone will stay before having to go through the necessary steps of hiring someone.
The company I work at doesn't want to keep anyone through a staffing agency longer than they have to. The contract with the staffing agency doesn't allow them to hire us until we work a certain number of hours, and that ensures that the staffing agency gets a return on each employee. Also, keeping people longer has way more benefits than having a bunch of new people because it takes months to train someone on everything, there's a lot of knowledge and skills that can only be learned on the job; you won't find anyone with prior expertise besides forklift operators.
Either way, the cost of our wages is nothing compared to the profits we make, so losing productivity because they can't keep employees just hurts our bottom line and they keep having to have us work overtime (1.5x pay) which tells you a lot about the fact that they are willing to pay us a lot more just so we can keep up with the production schedule and despite doing that it's still very profitable for them. The lack of flexibility from restrictive company policies is only hurting the organization right now.
Only good thing about working at a community COOP (local grocery store)
I'm a dishwasher and I make 17$ an hour because are union is legit lol.
Cooks get over 24
@@ghosttheripper8656 One of my best friends works at a union grocery store and he just does produce and makes like $20/hr
“The drugs won the war on drugs” is easily the funniest thing I’ve seen a chatter say in a LONG time
People have been spamming that phrase on youtube for years.
They been winning since forever lol
USA is 0-3 against common nouns in the last 60 years.
Terror, drugs, and poverty are doing fine still.
There are other 'war on ___' that have had differing results, but the big three have all been pretty bad.
you changed my mind on the google thing. genuinely super well explained with great context i wouldn't have thought of. my guy
Not to toot my own horn, but I'm eight years sober from cocaine.
Happy for ya bro
Nice man!
Congratulations man
So you know how when you did Shark Tank you would also follow up on how companies did? Well could you do that for stream sharks? I’d like to see how some of those games are going.
Instant wage apps, just sound like an elaborate way to circumvent minimum pay, who I believe to be the main target group.
Your pay minimums aren't determined by when you get paid, but how the worker is categorized and how long the shift is. At the end of the day, getting rid of alternative rules for contract workers like Canada did would solve most of these issues.
Huge props to eriksenchee for the FIRE editing on this video. I lost it at 3:57, was not expecting to hear Buck Bumble in an Atrioc video
I have entered the rabbit hole
19:30 I have worked in equity reporting with some of the biggest companies on the planet, I can tell you that the original purpose of stock options was to finally create a way to tie performance to pay for C-level executives.
The problem is that stock price is not a model that measures performance. Its a model that measures investor confidence, which is influenced by performance but as we have seen many times is all based on what people believe. People's beliefs are surprisingly easy to change and often not based on a companies actual performance (at least until shit hits the fan and you can't mental gymnastic the problems away).
What's worse is that stock options for C-level execs once vested will often be used to buy common stock, with which the exec will vote to give themselves larger stock option awards. Its a vicious cycle that destroys companies.
At 20:37 you talk about GM’s stock over time since 2014. While their stock has not increased as much as others, legacy automakers like GM are not necessarily after that type of growth. In many cases their market share is already so high that it would be extraordinarily difficult to grow that much. What they are truly after is dividends and stability. And in that mark, she has been relatively successful as CEO. Their dividends have also grown over the years, keeping investors satisfied.
Grown enough to justify her pay increase?
The workers should get cut of that pie as well.
@@eleonarcrimson858there is no level of growth that could justify that lol
what you are saying is true in general - if this was a mature company (not facing decreasing market share / competitive pressure in a bloodbath market with the rise of EVs coming) then stability + dividends would be considered a success.
I don't think that applies to GM - and its worth noting they cut their dividend to 0 during Covid and said they would use the money instead on "significant EV growth opportunities" those haven't materialized and they just brought back a smaller dividend than before. I would find it hard to say GM is in a stronger position than when Mary took office as CEO.
That makes the hundreds of millions of dollars she's been paid during her 9 years there something I think fair to question.
Lmao the big 3's market share is going down both domestically and internationally each year. As someone who grew up in SE Michigan, where the big 3 are, if you go into the employee lots of those companies it's not even half big 3 cars anymore. Even their onw employees don't buy their cars. Stellantis especially has been doing so bad, despite going from Fiat + Chrysler brands to Fiat + Chrysler + Stellantis brands. Crain's has been predicting for years now that the Big 3 will dip under 30% together within the decade and it's looking like that'll happen. This is not even to say all of the million things that make each of them uniquely mismanaged companies, from terrible model releases to hasty white collar downsizes to increases in recalls due to awful model development documentation practices. These are sitting duck companies waiting to recede to what non-Japanese cars market share used to be in the US pre-90s. By no means are the investors of those companies happy with what they're doing.
Globally workers are paid monthly, generally, US EEs usually get paid on a biweekly, semimonthly, or weekly basis - US monthly is rare and usually only for blue collar hourly workers
source - me (payroll consultant)
only in the US we even have the option to get paid early … I don’t know why atrioc is ragging on the US when we are the leader in this space
I guess the only way to repair the banana industry is with another popathon?
Gotta build a 2-0-5 Monkey Wall Street to fix the Colombian economy fr fr
Succession is a perfect show for you. It has amazing character drama, and it has shareholder meetings and complicated business drama. You could do reactions or explanations of the events in a more GLARKETING style.
NO.
Why not??@@shouryatri2114
I just like that so many people are striking right now in different fields. Ideally they wouldn't have to strike to begin with, but I hope there is some kind of snowball/domino effect from here
I love how you turn so much economic information into interesting stories easily understandable for laymen ánd in an entertaining way!
Only been posted for one minute but I’ve already watched it 10 times and can say that this is a certified Atrioc classic.
Why is this comment copypasted on every single youtube video now? Y'all make everything boring fr
@@Sahbab11 your just mad you didnt watch it 10 times in 1 minute
AMAZING wins and fails vids lately. Really upping the game
Chime is pretty good about the cash advance, and spot me. They do have a tip option but they do not take out anything extra or charge you percentages for the early cash (unless I’m missing something in the TOS)
The world needs way more worker's strikes in general. Only cutting corpo money flow can make them do anything.
Imagine Donkey Kong but with Coke Bananas
Donkey Krunk
basically Funky Kong
14:27 In most of the world, employees get monthly paychecks. The 2 week paycheck was actually a massive win for the American labor movement because it doesn't really exist anywhere else. It is usually 1 paycheck a month in Europe, the Middle East, and much of Asia.
You also get billed monthly which was his point in the video. The 2 week paycheck system doesn'tr really align with consumer purchasing habits so what you see happening is People needing their paycheck earlier. A better solution than 2 week paychecks would be 1 week paychecks or monthly, since either of those actually make sense for how consumers tend to purchase things. It does seem a little backwards but its just better for employees to get paid either montly or weekly.
@@supernicral
I have seen some companies move to a bi-monthly system of pay. So basically you get 1 paycheck on the 1st of the month and then roughly on the 16th of the month. That way it is roughly at the same time every month.
@@mattbenz99 Thats not as bad I suppose. Its not like Im some total bi weekly hater or anything, I just feel as though if youre going through the effort of bi weekly weekly would prolly be more effective for what youre trying to achieve and better for the workers
Is that a win? It's just a different way to divvy up pay in the end, and tying it to a frequency that moves around the calendar both month to month and year to year could easily lead to situations where you are out the money because you can't build good routines.
It sounds like the same situation as not adding VAT on the price tag, an inconvenience that only adds unnecesary work.
Love the use of the battleblock theatre music in this video
As a Walmart employee the company actually covers the fees for the instant pay and I assume write it off on taxes or something. I use it quite frequently to have extra money to put on debt before interest hits.
Trust bust the tech companies!!! If this works I'm hoping Amazon is next on the list. The list of shady, anti-competition stuff Amazon gets away with feels criminal.
thank you glarketer!!! if it weren’t for you, i wouldn’t know the colombians were putting coke in the bananas 😦😧😮😲
This came out a minute ago, but I can already tell this is a Big A Classic
Atrioc. These are dope dude.
Reminds me of the movie "The Other Guys" that shows the pay dispersity increase between CEO and regular worker in the end credits.
This is a real Minion Moment of all time
Why is this the most informative content on the Internet
It's nice of Tim Gurner to provide such a large target.
One thing that should be pointed out about the payday loans thing is that saying, "Just put it on a credit card :4head:" is pretty tone deaf advice. The market for payday loans is people whose credit is so bad and whose access to banking is so poor that they cannot get a line of credit.
In the case where a payday loan is provided by a third party, those rates typically represent the real default risk. People who actually need payday loans already have no credit and no assets, so if they decide to just leave there's nothing to pay back the loan. And given that all parties know that, the rate of default is massive. I'm not saying that payday loans are these charitable institutions. They aren't, they are businesses. But focusing heavily of their business is window-dressing progressivism, focusing on the visible symbols of inequality rather than it's causes.
Of course the same isn't true for the actual employer providing this kind of "service" . Its nearly criminal that Walmart can charge employees to access funds they've already earned. If they can disburse the funds for a fee, they can just disburse them, and they should. Wage-paying companies should switch to a weekly payment structure, if not more frequent.
This video just popped up in my recommended, 10 hours after the judge ruled Google had an illegal monopoly. Crazy timing.
Ngl that
"They turned history off so they could rewrite it here in this courtroom" line is BONKERS
Crazy seeing how this connects to what’s going on right now
4:52 thats woolies, my GOAT
Battle block theater music during the loan shit is hilarious
Legitimately look forward to these vids every week, keep it up Big A
something similar to marketing monday but more eurocentric would be sooo great. But its still amazing and so much fun to watch each week
When I used to work for a certain self-driving company that was under a particular ride-sharing company, we used to refer to teams and meetings in a lot of terms that the Google Memo referenced. It was really funny seeing all the emails and such saying "Stop naming it that. Don't say this. Call the people to replace the meeting room plaques." So funny in a "What did you expect?" sort of way.
26:50 I hope this clip never dies
The big increase in Belgium and the Netherlands is due to the ports of Antwerp and Rotterdam being the point of entry for a lot of central and eastern Europe.
The fuckin PlateUp! music at 23:12 caught me off guard lmao. Didn't know it was copyright free
23:25 Avocado stocks hitting bedrocks as gurny spits these absolute bars:
Yooooo’ the Buck Bubmle track? I loved that game solely for the music! Shit jammed for an N64!
About tesla union: it's not just about pay. Unions do a lot to ensure workplace safety as well!
Google literally went for the “your honor, it’s not my fault they suck” defense
I work for tesco in the UK and talking about the salary advance things, I reckon we have a really nice system. By default everyone can access the system after 3 months, and basically, we pay 1.99 one time per 4 weeks if we want 25% of our full wage paid in advance, which then gets deducted from our pay at the end of the 4 weeks, plus that 1.99 fee. Its a lot better than having to pay for several pay advances or whatever, and a 1.99 fee at the end is like whatever when you earn ~1600-2000 a month
I’ve replayed that clip of the guys dancing too many times 😂
Can we take a momment to appericate how much work big A puts into informing us about the world and economics of cocaine!♥
can we appreciate tallon43 saying poopy butthole at 10:42 ? really important moment for atrioc's community
My favorite part is the fact that an hour before this was uploaded, an article talking about the FTC's lawsuit against Amazon popped up in my newsfeed about an hour before lmfao
Sam O'Nella fans already knew about the banana cartel 😎
I work at walmart, and they changed it massively. You can take out up to 1/2 of your check for no fee. I think it only charges you if you use it as a non walmart employee
Yea walmart employees get the membership for free, so you can instapay half of what you earned for absolutely free now
Can’t believe this video hit us with the Plate Up music
so happy seeing this video uploaded :)
I accidentally rewatched this video thinking this was new. The only thing I remembered from the first watch was the Ecuador Columbia thing
Marketing Monday is kinda becoming Economics and Geopolitics Monday and I’m here for it
23:23 Plate Up! music goes too hard
Love this longer episode!
9:20 nobody mentions that bill gates mom, was one of the chairmen for IBM, and his dad was a high ranking judge
i live in the biggest port in brazil and coke here is like 1 dollar, not kidding 1/2g "pino" is 1 dollar (5brl) and its an "old drug" or for "old people"
Love a random Buck Bumble here and there
My work has a thing called daily pay built in no matter how much I pull it’s only 2.50 for instant so it’s not to bad compared to these apps asking for 10% “tips” and a instant transfer fee
I think the walmart buying fintech stuff is interesting when you look at it through the lens of walmart being the bank for the unbanked using their western union/financial services section of their stores
Auto company senior management to unity senior management : (*sassy emoji*) get that bag boss.
Employees : 👁👄👁
27:20 Lol sounds like a popsicle stick joke :P
That last story was borderline hilarious.
Another classic from Atrioc "Brandon" "Employee 100" Ewing
Never thought I would see Tim Gurner in an Atrioc video. My friend works closely with him, and I can assure you that he is somehow 100 times more insufferable than this video shows
My condolences to your friend
He can’t be that bad, your friend still works for him.
idk about all walmarts, but the one i used to work at gave u walmart+ and instapay as benefits for the job, no added cost
Love you dude!
Perfect time for a mainly antitrust themed video; I have a midterm for Antitrust Law today lmao. Great video like always Big A like always
Oh, my country is on marketing mondays!... oh fk its the cocaine situation...
Love these 30min+ videos
The reason they charge for early withdraws is they haven't actually received money from the customers yet for whatever service was provided. Bank transaction processing takes multiple business days so effectively you're actually receiving a loan. I work in fintech, those rates are still high tho.
Where's the battle report?!
Gonna have to start unionizing here
Your content is so delightful and enjoyable! Thanks for the great videos!
I lived in Germany 15 years ago and Coka was pretty new, MDMA was far more popular. Makes sense that it's a growth industry for cartels with the increase of global shipping. I live in Canada and I've seen people cut 1/2 oz cut into 1/2 coka and sell at 100 bucks a gram I can't even think about what the prices are now a days.
Another classic Atrioc video!
Just missing the battle report I think, was that cut out?
This year will go down in history books as "Year of strikes"
These videos are really excellent.
I literally only watch marketing Monday for my news atp. And this has made me seem smort when I bring up current events😎