Starbucks Founder Is A Billionaire Again, Employees Say They Can’t Afford Lunch
6:09 pm, July 25th | by Hillary Reinsberg
And today in bad juxtapositions: the founder of Starbucks regains billionaire status, just as Chilean employees of the coffee chain walk out because they’re paid wages so low they can’t afford to eat lunch. Well then. That doesn’t look very good now, does it?
According to The Wall Street Journal, unionized Starbucks workers in Chile went on strike on July 7, saying their wages of $2.50 are so low they can’t afford to pay for lunch. Even worse, those wages haven’t gone up in 8 years. Meanwhile, Forbes reported on Friday that thanks to rising stock prices, Starbucks founder and CEO Howard Schultz became a billionaire again for the first time since 2007.
Yes, the strikes are only in Chile, but Starbucks unions all over the world are in on the protest. Today, a local Starbucks Workers Union picketed a New York City Starbucks location. And they say their peers will be doing the same outside Starbucks outposts in cities from Phoenix and Philadelphia to London and Melbourne, Australia. It doesn’t appear the workers have picked up on their boss’ status as a billionaire reborn, but if they do…watch out, Schultz. Someone may be throwing a…Frappuccino in your face!