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from the FIRE-sector-doing-bad-math-again dept.
The Intercept reports:
Bank of America Merrill Lynch downgraded Chipotle and warned investors that the stock will "underperform", complaining that the restaurant chain is paying its workers too much, and that cutting labor costs further will be difficult for the chain.
[...] Chipotle spokesperson Chris Arnold called Bank of America's analysis "flawed and inaccurate", adding that the restaurant chain hasn't cut employee hours but recently increased hours in conjunction with the addition of queso to the menu.
"That analysis is making estimates and conclusions about our management practices over a 12-year time frame from 2006 to 2017", Arnold told The Intercept. "Obviously, the scale of our business and labor wages have changed dramatically over that time frame. Drawing conclusions from 2006 and applying them as a directional change to our business over the past 12 months is simply flawed."
[...] "We continue to pay wages and offer benefits that are competitive and that reflect the priorities of our employees", Arnold said. "And with a commitment to developing and promoting people from within, we are providing significant opportunities for advancement."
The downgrade is a symptom of Wall Street's maniacal obsession with labor costs.
(Score: 2) by JoeMerchant on Sunday October 22 2017, @02:52PM (2 children)
That's not a problem if you're a resource manager, like a bank.
It is a problem if you are both a human and a worker, thus: labor unions.
Begs an interesting question about robot workers, and if they will react similarly to human workers someday? Global electronic network communication will be a dangerous tool in the hands of organized robot workers, but, luckily, the TensorFlow style machine learning currently in use has a compute-expensive learning phase that produces a cheap to deploy production phase that isn't as dynamic in its behavior. If (when) the field deployed instances become self-learners, it could get interesting in a very short time.
🌻🌻 [google.com]
(Score: 0) by Anonymous Coward on Sunday October 22 2017, @07:17PM
Don't worry, the lizard people have used the moon matrix media to completely destroy the idea of labor unions. Until humans evolve into angels, they'll keep being convinced by the crap on the moon matrix, encouraged by their tribal identity and status as temporarily embarrassed millionaire.
It would be nice if we could figure out how to implement some of ancap AC's ideas (all things are good in moderation). Then R team followers could all enter into a voluntary contract with the R team, so that I can stop paying for their fucking socialist welfare with my taxes. Would also be amusing to see how long the R team has followers that way. It seems that R team followers all depend on welfare, disability, etc.
(Score: 1, Touché) by Anonymous Coward on Sunday October 22 2017, @10:58PM
https://simple.wikipedia.org/wiki/Begging_the_question#firstHeading [wikipedia.org]
So, NO, it doesn't "beg".
...and adding "interesting" doesn't make the usage any less incorrect.
Appropriate words: asks; poses; proposes; puts forward.
-- OriginalOwner_ [soylentnews.org]