https://youtu.be/_8R8fBYFrgI
Buy me a coffee:https://www.buymeacoffee.com/danepoliciesSources:https://www.businessinsider.com/walmart-ceo-stores-will-close-if-theft-at-retailer-doesnt-de...
The article links to a reddit post, which has been deleted - so not sure of the source data.
Here's a recent article with the same points and similar figures, and several source links.
Thanks to both of you. Damn.
Workers in the US have an estimated $50bn-plus stolen from them every year, according to the Economic Policy Institute, surpassing all robberies, burglaries and motor vehicle thefts combined. The majority of these stolen wages are never recovered by workers.
Not surprised, honestly, but I'd never heard that comparison before.
Greed causes an over abundance of theft. If there is excessive theft, it's because of excessive greed.
When people are struggling and banks are telling retailers there is excessive consumer surplus, and retailers raise prices excessively (greed), theft will inevitably increase.
The rich are the thieves. <-Period
You can see the blood everywhere. It's even worse because they produce absolutely nothing.
If I see someone shoplifting necessities, no I didn't. If I see someone shoplifting stupid luxury items, maybe I did, maybe I didn't. Depends on the situation. If it's a dumbass white kid who thinks they're being funny, I sure as fuck did.
White people can be poor, or motivated by any other force motivating any other ethnicity thief.
Even if it's a luxury good, it's all covered under general liability of retail insurance anyways. The store and the employees aren't losing any money, so the only ones facing damages are the insurance companies.
So what I'm kinda saying is: Why help those pieces of shit out? Farmers insurance is not your friend, nor any other insurance company. They'll all happily push children into homelessness and starvation if they think it can make a few bucks in the homeowners insurance market. Now compare that to the dude who's randomly stealing shit he doesn't need. I've known a few petty thieves like that, and despite all their flaws I can pretty firmly say that they won't hurt or steal from children for any reason. Thieves are humans with (some) morals after all. So If I had to pick a side, I'll stand by the thief knowing well and good it's the least amount of harm to be done.
And then low cost grocery stores close and neighbors starve. How about you help them pay for it since you are there? Is a little personal ownership over the things you see too much for you?
How about the government does better to ensure that it’s people don’t starve? Or maybe companies should pay their employees more instead of funnelling money to people who are already more than set for life?
While that might be the only direct result, you're also assuming that A) it's only taking place in major chain stores and B) that the effects won't include price hikes for everyone to compensate for that slight dip in profits.
In reality, corporations have showed us they're never going to just "take the L". If something negatively impacts their bottom line, they'll make up for it by forcing that financial burden onto their customers.
"Shrink" is just another way to spell "your boss is part of the system that bleeds you dry".
If you would take the boot out of your mouth for literally one second, you would know that shrink is decreasing in almost all available metrics in the entire retail industry.
Facts don’t care about your feelings, corpo dog.
We wouldn't have retail theft if the 1% paid their taxes and shared the wealth they stole from everyone else.
If you overvalue possessions, People begin to steal.
Tao Te Ching, ch3
this has been known for quite a while
Remember, when stores close in high crime areas and neighborhoods decline, it's this person's fault.
Shouldn’t the free market compensate by hiring more security guards and loss prevention officers?
Nah, margins are already thin on retail stores. If you cant profit or even break even, whats the point?
It’s simply a cost of doing business.
If that business owner can’t figure out how to run their company someone else will.
That's exactly what's happening. They close up shop, and someone else can take the location.
Yeah and the new people either adept to the new market or they go bust as well.
It’s just that the supply chain excuse for jacking up prices is going away, so they need another BS excuse.
In my local community I have noticed a strong uptick, talking to store staff. But with wage insecurity and high food prices, “steal or watch your kid starve” isn’t really a decision. And yes, higher ticket items are being stolen, which some people are pointing at like there’s a difference: if the punishment is the same, why not steal the prime rib?
There have been lots of stores that claim to close locations due to looting when it’s the not the case. There is a lot of opportunistic bs happening with stores these days from price gouging to straight up shutting down certain areas for things like unionizing
