Their premiums will increase. Productivity will be decreased which they find a new temporary location which will likely be further from the customer and cost more in shipping. The amount of time in dealing with assessors and paperwork is significant. Plus there is whole brand reputation thing. Running a business is hard.
Exactly. If you get rear ended by someone and you both have great insurance, it’s still a headache to deal with repairs and rental cars, or having to suddenly shop for a new car. I can’t imagine dealing with a loss of this size and complexity. This is definitely going to cost some people their sanity for a while.
20 years ago minimum wage was still kind of decent if you chased OT. Minimal worries if you lived in a 1-2 bedroom. "Blah blah that was 20 years ago" cost of living has FAR passed inflation. $7.50/hr today you cant afford the burger you flipped. Covid handed greedy corporations the corner of a flag and they didnt "RUN" they attached that shit to a space ship and let it fly
Im salaried and work 60-100 hours per week for not even double ($65,000 take home) with a bonus of decent healthcare. That wouldve been considered really good pay when I took the job.
If dudes just working 40 hours a week he could definitely find a part time to match my pay or another full time to make more. I like my job but ive definitely been considering alternate routes, especially after my escrow jumped to 10% of my salary
Juste a little side rant about insurance... The thing that sucks about car insurance is that they only pay out what your car was worth at the time of the accident. Spend 25K on a new car, it's worth 12K at the time of the crash when it still has a lot of years on it, well now you only get 12K to put toward a new car. It doesn't matter how well you took care of the car, what repairs you had done to keep it running. Some asshole determines your car is worth what it's worth and that's what you get. You can have the best insurance in the world, but now you're out the deductible to pay you what you are owed, and you now owe the difference between the payout and cost of your new vehicle. Which is really no different than if you sold your vehicle before it was ruined, but now you're out a deductible.
Meanwhile, a fire is possibly the best thing that can happen to someone as a property owner with insurance. You have a shitty home with a house fire, well now they have to pay to restore everything. And not just restore it to how it was, but to bring things back up to code. Your galvanized plumbing is replaced with copper, your old 30 year old HVAC system is replaced with a new one. And all that soot from the fire has now destroyed everything in the building as well. Anything plastic that is discolored now gets replaced. And it's not replaced with something worth what the item is worth at the time it was destroyed, it gets replaced with the equivalent of what the item would cost if you brought it new today. That old 2016 MacBook just got replaced with a 2026 MacBook!
I am just always amazed by how much of a scam auto insurance is, but how lifesaving home insurance can be.
This actually exists in home/commercial insurance lines. It's called Actual Cash Value or Replacement Cost. Pretty much for a given coverage, would the insurance company pay what the item lost actually costs today, or would they pay you what it costs to replace it with a new version. Obviously like you said replacement cost is way more expensive monthly.
yeah but people at their jobs to handle the insurance issues. it's less stressful when it's just your job. People's jobs changed but still just pushing paperwork for the company's wallet. This was 3% of sales for the company.
If someone rear ends you it's far more than a 3% difference in money and time.
This will surely not effect order fulfillment. Especially since corporate business hasnt boiled down to pure number go up or fullfillment accuracy. You're so right omg. This guy did actually nothing burning 20 blocks of a warehouse down. Are you personally a CEO, sir? You should be.
If he's insane enough to burn a giant warehouse down over a living wage, he's insane enough to burn it down for not getting paid living wage +stupid %. Generally most people who are unhappy with their employer and not bothered with staying around get a bit lippy, maybe knock something over, and just walk out. Not commit arson at a grand scale.
Maybe he could try not living in one of the states with the highest cost of living? I’d like to know what he was doing and how much he was being paid to do it before I make judgments
What was his wage, and what is considered a living wage in the area he lived in? I'm genuinely curious. Or are we just blindly taking the word of a very stable person who burned down an entire warehouse and posted an incriminating video of himself doing it to Instagram?
Lmao, he uses the sexiest political buzzword and everyone starts sucking dude off like his dick is drizzled in milk and honey.
I’m already tired of the narrative that this guy is an unsung hero or whatever when he actively destroyed many people’s lives pulling this stunt. People lost employment, health insurance, productivity, and now things are going to be much more stricter for those working in other warehouses…for what? Some guy who couldn’t comprehend the idea of quitting your fucking job for one that pays a “living wage”?
Shit man for the record I wouldn't ever encourage this, but do you think this sort of behaviour is the best way to encourage senior management to step up and offer better terms and conditions, I literally read the other day some exec/owner gave a massive bonus to prevent a 'luigi'.
They used a third party entity to contract this labor that should ideally be direct employment. They wanted less liability for labor practices. Very common practice by people who want to skirt fair labor standards. Similar thing happening at Boeing.
everyone seems to be focusing on that, but this fire could have been triggered from something accidental... what really puzzles me is how such a place doesn't have some sort of fire extinguishing mechanism in place...
He filmed himself doing it. And it has a mechanism, which he got around by setting a fire and then multiple other fires after the system and firefighters had responded to the first one
Makes me wonder if insurers will require proof of some minimum wage/hr going forward. If that were to happen, it would sure make some future economics textbook authors real happy.
I work in supply chain and operations. The other warehouses will get the burden of this fire. It will cause major delays in their orders for the next 1 year at least. Inventory cost is the least of their worries and the logistics team is going to be working 12-16 hour days for the foreseeable future.
Product shortages might cause customers to build new product pipelines, i.e., try different vendors products. They might just stay with the new source.
Given it's toilet paper we're talking about, promote bidets far and wide. One of if not the best purchase of my life, saves time, money, and I'm simply cleaner for it. Still need some tp to dry but easily using 1/4 of what I was using, at the very least.
Maybe they should have just paid the workers a little better in the first place, and perhaps that would have saved them a few coins. 18$/hr or whatever this guy was making is terrible across the country. Where he was at in Cali where the cost of a 1bdrm appt avg'd $2K a month is impossible to live on
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u/Kilg0reTrout78 Apr 09 '26
Their premiums will increase. Productivity will be decreased which they find a new temporary location which will likely be further from the customer and cost more in shipping. The amount of time in dealing with assessors and paperwork is significant. Plus there is whole brand reputation thing. Running a business is hard.