This Private Equity Firm Owns EVERY Chain
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- เผยแพร่เมื่อ 28 ก.พ. 2024
- One private equity firm owns more chains than you can count: Dunkin’, Sonic, The Cheesecake Factory, Wingstop, Arby's, and more - Roark Capital. They’re notorious wage thieves. They've made billions exploiting 1.4 million workers and killing the $15 minimum wage. We're exposing their tactics.
This is "How They Got Rich" by The Class Room at More Perfect Union.
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Unsurprisingly, these were all named brands I've noticed fell off a fucking cliff in quality.
ever since subway changed their iconic yellow/black and white actually subway decor and Jared is a Pedo it's gone down hill faster than an airplane with both engines failing
I’m hard pressed to find a product that hasn’t been enshitified.
Right?? Dunkin used to be great and now it’s utter garbage.
If true, then they’ll be passed over in the market for better option. The owners will lose money.
The market acting as it should.
@@codycast Market forces don't matter when you have enough money to just buy out your competition. Especially when you can finance all your acquisitions. The 2010s were *lousy* with ZIRP-leveraged buyouts especially in the tech space.
New restaurants don't quite work like, say, a VC funded startup, but the basic idea is the same. The investors backing the new restauraunt aren't interested in taking down a business empire, they just want a return on investment. So they'll happily accept a deal to be bought out by their competitors.
If they happen to be ideologically motivated investors who won't sell, then the monopolist can also drop their prices to kill off the business. Yes, this isn't a sustainable business practice, but the monopolist is bigger than a scrappy restauraunt. They have other business units they can pull profit from, you don't. They can sell $10 hamburgers for $5, you can't.
Don’t get me started on private equity in the medical field. I worked at a hospital for seven years. My second year there a private equity company bought it. They immediately started to cut hours. They let go of nurses to cut costs. They increased the productivity numbers for patients to an unattainable number. They threatened to fire people who joined unions. The result, patients suffered and great medical professionals left in droves. I think anything less than $20 an hour is an unlivable wage if you expect anyone to have a reasonable quality of life. But of course, private equity doesn’t give a shit about anyone other than their investors.
This will continue to accelerate as private equity firms tests the limits they can push using stealth and media manipulation and get away with the unimaginable. Fat chance seeing these abuses on your nightly news channels!
That's capitalism. God knows the USA is terrified of socialism, believing that we're all going to be forced into bread lines.
If the entire staff of the hospital unionized quickly and simultaneously, they couldn’t fire everyone. Hard to replace doctors and even nurses with scabs. Then immediately go on strike till demands are met, and then plot to take the hospital back by having everyone chip in what they can for a down payment on a joint loan from all the doctors and nurses to buy back the hospital so it is owned by the workers.
This is why companies power should be limited. Just like how kings put the rich merchant class in their place unlike today where the merchant class basically rule over the Usa with no limits.
Same thing happening with veterinary medicine
Working class unite! All races. If you work for a living and don’t own the business, then you are the majority. The rest barely matters folks, stop letting them divide us!
>me stuck inside my fucking house making fucking 0$ and stagnating because greedy scummy billionaires cant stop themselves from putting their grubby, shit-and-blood stained hands all up in my fucking money and buisness.
Sorry to tell you, but that will never happen. Most people in the middle of America and south are quite dumb and just all out racist and sexist. They’d rather live in a dystopia.
All races except those who illegally forced their way into this country and directly benefit these large corrupt capitalists.
Workers of the world unite. But you must be workers of the world, not immigrants of the world demanding they be here.
Not all. Not those who illegally came here and are taking over our communities. They benefit the capitalist class. Workers of the world can't unite if the workers of the world all leave their homes for ours.
Workers of the world cannot unite if workers from around the world leave their homes for ours.
now this is the journalism i like to see. i don't care about two celebrities hooking up. i care about this.
Seriously.
A lot of Americans have their heads way too far up the Kelce brothers a$$holes.
America might survive if we had more citizens like you.
Most of us do....
So true, it's the ONLY thing that matters in today's THEIVING society, whether it's your job, 401k, savings and everything else in everyone's life, this shows people why they can't get ahead. They have done this to government also, which is terrifying....I shall stop this....
Amazon did this with delivery. Amazon has ZERO accountability or responsibility for delivering your package.
So does "food delivery" companies. They can leave it at the doorstep in the summer. The bug are your problem.
Yeah, they always say 2 day shipping...and you might get it 4 days later
And they are delivering other companies' packages, competing with USPS, UPS, DHL, & FedEx. For now, that hits those last three hardest, but even the USPS is feeling the drop in volume and is responding by trying to emulate Amazon by creating hubs and spokes where delivery drivers have to commute farther, drive longer to their routes, and a single hub's delays affect all the customers that used to be served by the Post Offices that were consolidated. They are also "excessing" clerks and managers in this move and local unions sometimes have to restructure. More commute time on the road for employees on and off the clock means more pollution. They aren't even getting electric vehicles across most of the nation. It's still a pilot program! They're getting the Mercedes Metris, a pile of cheap metal that has an air conditioner, but makes life harder for carriers to do their jobs, since it separates them from the mail. Right now, it's 5 days to get a first class letter. DeJoy refuses to have oversight by the postal oversight committee. Look up savethepostoffice and you'll see what I'm on about.
My Amazon Prime shopping experience has been wonderful 🤷🏽♂️
@@T1Oracle said _"My Amazon Prime shopping experience has been wonderful "_
Great! Glad you like it. Shame the employees who fulfilled those orders work 14+ hour days with no health care, have to miss _bathroom breaks,_ sleeping in cars because they are _too tired to drive home,_ etc. Search on "how does Amazon treat employees" to find out details.
But why should we care? For one, those employees health issues, that Amazon created, end up at least in part in the emergency room where our taxes go to get them walking again. And before someone says it, if these people had other options don't you think they'd have taken them? Everyone I've talked to has tried. But on top of the other issues, good luck finding a new job when you have to pay the bills with the horrible one you're in.
Nothing feels better than aiming a bright spotlight at reclusive, parasitic billionaires. For someone who wants anonymity, it sure is weird to name your company after Howard Roark, the loudest and most conspicuous asshole in fiction
Man, if only More Perfect Union or someone would just post the dude's house address. I think every billionaire should have their addresses be known to everyone. We're the ones whose work pays for those mansions, after all.
Howard Roark was ok….maybe even on the spectrum, it’s the misinterpretation about him that’s the most annoying. He would hate republicans lol
@@Blue_Azure101 Knowing even a little bit about who Ayn Rand was, I don't think his character is being misinterpreted here.
His character, like many Republicans and billionaires who love him, are naive idiots who don't have any conception of the social apparatus and privilege that they wield. They're all hypocrites, and those who like Ayn Rand typically don't consider poor people to even be human.
And they pay your wages in turn. I do think they should be higher tho and I hope the joint employer law is passed. But seriously stop whining about “billionaires” that is not the problem the laws that keep them in check and paying their fair share are.@@monsieurdorgat6864
if you want to take them down a peg, just stop buying their crap. a billionaire can buy all the fast food one earth and still go broke if nobody buys it
Avoid name brands. Period. Boycott them all and go union, local, farmer's market, community garden, and your own backyard. Seriously! Your local ecosystem and community is at stake, along with the rest of the planet. These people only know greed and can never be satiated so, let's quit trying. Everything I just mentioned is akin to pulling their base of support right out from under them and re-empowering yourself, family, and neighbors.
Ultimately this is the answer.
You would think that would be common sense but unfortunately people have traded their common sense for a higher education..... Go Figure
That philosophy is growing increasingly common. Its only our selections we use to suit government to benevolent purpose are usually never as strong.
So everything?
@@thomaschamberlain9811 Actually they have traded it for absolutely nothing. BC most people, even if they went to college, don't end up with a degree. Depending on state about 2/3 or so of High-school graduates end up going to college. Only about 1/3rd of those people end up with a degree after 4 years. That's about 20-25% of high school graduates. What are the other 75-80% trading their common sense in for? That's right. Not one single thing at all. Just throwing it away for free.
Most people don't know that huge corporations own so much. Monopolies disguised as free markets. It's really quite stupid.
Capitalism Never, Never remains Capitalism. It ALWAYS evolves into Croney Capitalism or becomes a Monopoly. End of Lesson.
It really is. Hand in glove with tricking the poor to fight among themselves over wedge issues. What I don't understand is why some of them defend the billionaires....smh. Came across this history of the game of Monopoly (there were 2 versions, the one we know the unfun one) - in my view the game as we know it wound up being propaganda. th-cam.com/video/42cTVrTM008/w-d-xo.html
We live off the rich they are the ones who pay most of the federal taxes Democrats party of handouts that live off our children who will have to pay for the unbelievable unimaginable debt there social programs have brought us don't you care
Elon musk paid over 12 billion dollars in taxes last year and what did the government do with his money things like paying Harvard university seven hundred thousand dollars blowing lizards off trees with leaf blowers musk on the other hand lives frugally and reinvests most of his money back into the corperations he runs employing thousands of people makeing environmentally friendly products mabey musk should get a tax cut so he can create more environmentally friendly products and employee more people or should lizard blowing government get more of his money Democrats party of handouts vote out handout Democrats before it's to late our childrens future depend on it
There are skilled jobs that have a shortage of workers why do the poor not take these jobs Democrats party of handouts vote out handout Democrats before it's to late
A $7.25 wage cannot get anyone in any US state a one-bedroom apartment. Neither can $15. Stand up for yourself, and your coworkers.
Is it supposed too? It is usually a persons first step into the business world, you continue learning, get more experience and move on selling your abilities, if 7.25 is not enough then you are free to refuse to accept the job, and if enough make that choice then the wage will increase to get the employee numbers they need.
First job for a 14 yr old
When the majority of people who don’t take those low paying jobs they cry about people not wanting to work anymore 😂
@@bartwilliams4478Yes, it is. “It seems to me to be equally plain that no business which depends for existence on paying less than living wages to its workers has any right to continue in this country… … I mean more than a bare subsistence level, I mean the wages of decent living” -FDR before signing into law the first federal minimum wage.
you don;t get it...... someone has to do that job and they need a wage that allows them to survive......your reasoning stinks@@bartwilliams4478
When $100M is nothing.
I would LOVE to have that much nothing
😂😂😂great point😂😂😂
Standard rich people lies
$100MM is indeed nothing... it's raised capital... Companies like DoorDash don't even make money, worth billions and can raise $100MM in probably 10 minutes.
God I don't think I could even express how much that would fix my problems my family's problems my friends problems like right now my problems
I've noticed that the quality of the food at all these places used to be great or at least decent but in the last decade or so have fallen off in quality immensely it's bad ...
They did all this with near 0% loans that were subsidized by taxpayer money. Neat trick.
So we are all paying for them
They did? I doubt there were no loans. So, what tax payer paid program did they get the money from? I want some too!
@@sbuppSmall Business Administration (SBA).
@@sbuppNot "no" loans, zero percent interest loans. Borrowed from us. And if they're like most private equity, they'll line their own pockets and then declare bankruptcy. Then they'll go out of business and blame "the economy," "taxes," "regulations," etc...they're shameless.
Haven't been in a subway for years and was blown away by how expensive things had gotten. $12.99 for a footlong that used to be in the $5 menu. Total trash quality. Bread was crusty, veggies were borderline rotten, and the meat looked fake. One dude working there and he couldn't have cared less about service.
Yep. Shitty greedy employees. That guy that didn't care was paid $20 an hour too. He still wouldn't care if you paid him $100 an hour. In fact he would probably care even less
@@SgtJoeSmith And the hedge fund executives get a free pass from you? Cost-slashing measures which inherently leave employees less trained are innocent?
Jimmy John's 100% better than Subway.
Lunch meat is categorized as a carcinogen by the who.
@@user-kh9bn6hi7q The China WHO?
You know what I'm going to just stop eating out. Screw these corporations
Fast food sales have been slowing significantly since prices doubled.
And if you do ever want to eat out again, got to a locally-owned restaurant.
I won't stop going out, but you can be damn sure I'm gonna be paying much more attention to my local restaurants than corporations.
Me, too. Locally-owned restaurants are the way to go.
Yes I’m eating local only. That’s easy to do where I live thankfully.
Subway states 'Size not guaranteed' on most advertising due to 'Differences in cooking' but it should also 'Quality & customer satisfaction not guaranteed, Note; our bread is cake'
Cake is delicious. Subway bread is barely sugar foam.
Yoga mats. Cake yoga mats
Subway literally saying "let them eat cake"!
So the owner is a French under cover younger queen?
Their chicken and tuna is also fake!
This is such an important topic.
We wonder why we feel so poor. In reality, we're all being preyed on and stolen from by the wealthy behind our backs. The greed at the top is just disgusting.
"What I always hear: We can't affford to pay our workers $15 an hour. What I never hear: We can't afford to pay our CEO millions of dollars a year. Funny how that works."
Funny enough companies power were limited back in the times where king still ruled because kings saw how powerful they could get and limited their power, but now in this age of capitalism where money means everything, very few people oppose these corporations.
The government and corporations are exactly the opposite of Robin Hood
You really want Subway, huh?
@@davidrains3918ok, now let's put 2 + 2 together and what do we get?
FASCISM
We live in fascism, let everyone know you know what's going on, the charade is over and they don't even bother with subtleties anymore they straight up do it as if it was legal or normal.
They own 'The School of Rock', where they teach you how to stick it to the man and rage against the machine.
Bugs me how all these CEO's and executives think they are self made I wonder where they would be if they were limited by the amount of capital they could get their hands on. Where would they be without the loans, the credit cards, the parents with businesses?
Capital does seem handy in a capitalist economy.
As much as they wish to believe capital built this world, it didn’t!
so it will be undone by it, nor will it be fixed through it…
They have ways of rapidly multiplying the capital they have. Lenders see this and give them the cash.
If one person uses loans to buy junk online, and another person uses the same loans for a cash flowing/returning investment it’s a no brainer where the money goes.
If someone can rapidly multiply money they should get more, they should get tax cuts and they should be incentivized to grow.
If you do **** all with your money then why further incentivize that or lend to them. A wise man once said winners and losers are self made, but losers don’t like to admit it.
@@RichardDuncan-ju1xk they think they work for it but it’s just handed to them.
@@austinlaramee7811 wiseman, once said, money is the root of all evil…
It's disgusting how companies keep relying on the same old excuses to prevent people from earning a living wage.
Even more disgusting is how so many people cannot understand just how much power they already have. This situation, and so many like it, are only possible because of behavioral consent. When 'we' stop complying, 'they' will suffer. And from that point forward, it's a long-game: do we capitulate to the pressures of everyday life before they concede and compromise? Or, do they outlast us to the point where we're on the verge of eviction, repossession, etc.? The latter is almost certainly the case.
And this means that if 'we' are to have any say over 'them', we must first structure our existence such that if evictions and repossessions are irrelevant to us, then we can in fact outlast them. But, the mindset of fairly indiscriminate consumerism (aka 'reckless self indulgence') made possible via credit is the very thing that disempowers us in the first place. So, by our short-sighted consumption, we set aside our power to negotiate for better wages, conditions, etc.
We have med the enemy, and they are us. Yes, big corp's are doing their part, but... 'their part' would not be possible unless we also were doing our part to strip ourselves of power in order to buy things that we don't need, and using credit to do so.
@@RichardHarlos Right on!
As someone my age, what subway used to be 30 years ago and what it is now is incredible. The food is garbage. It used to be awesome.
That was back when they used actual food. Notice how these fastfood vendors never use the word nutrient or talk about ingredients.
Their food has never been good unless you like a bread sandwich! They’ve always measured out their ingredients, and they’ve always been chintzy!!!
Private equity firms shouldn't exist.
Agreed 🤝
It’s just one method of company ownership?
they would just move to another county. Look at china, every rich person is transferring their currency out to get anywhere but china. Thanks communism!
@@juniorbitare3041Piss off
Actually, the stock market should not exist, that is the root of most evil. Shareholders, billionaires, it all comes from the stock market
We all thought capitalism was supposed to be about competition but we were lied to
It is - however - they have lobbied and paid off daddy government to not enforce antitrust legislation - this is why we now have 600 corporations who have our borders wide open to replace you - and they have you convinced it’s “racist” to advocate for your own economic self interests.
😀
Like most every gas station in town raising prices 50 cents on the same day.
No, you weren't lied to. The basic premise is still correct but schemers have figured out loopholes and exploited flaws in the imperfect system to gain advantage without ever lying to you, technically.
You weren’t lied to, free markets are all about competition. Anti trust is important to police the free markets. Not perfect but still the greatest equalizer for poverty and class mobility.
It's all about class warfare. People better start fighting back or we peasants are in for an even worse world of hurt.
"The comfort of the rich depends upon an abundant supply of the poor" - Voltaire
Yea, just don’t eat there. How stupid can you be if you don’t see this. Also, don’t work for them. Start your own sandwich shop. It’s America, you are free to do that.
Absolutely
"Class warfare," really? This seems to be an excuse to cover up the fact that your financial situation is not where you would like it to be.
@@georgeburns7251 With what capital? Having the freedom to do something doesn't mean having the means to do it, genius.
Neo-feudalism. Solution as suggested: open your own business. Reality: you're better off doing an online- direct to customer type of business- leasing a small space or using your garage for production. You'd be surprised at how quality, community word of mouth,etc... works in favor of your business. Keep your day job, mind you- but the extra business will be your first step toward autonomy and control. And it energizes you.
i felt like subway was getting called cardboard tasting more then ussual and now I know the answer why
Diacetyl Tartaric Acid Ester of Mono- and Diglycerides (DATEM)
Well the acquisition has not gone through yet. So.. it’s either your imagination. Or from one corporate owner to another, the practices won’t change.
In the little more than a year that I worked at subway I saw such a decline in grocery quality when we would receive them. What sucked about that is that the prices of those groceries also nearly doubled in cost
@@timetowakeup6302☹️
@@timetowakeup6302 Yum, yum! Thanks FDA.
That pre-school chain probably is double-dipping into school voucher programs. Meaning they're making profits while getting subsidies, paying low wages and paying less taxes than a normal business!
...or operating as Charter Schools
Welcome to the charter school business model. Firearms for teachers sold separately.
@@JoseLopez-tk4tqwould you want your kid to be forced to be taught to support an entity, Roarke for example, because you can’t afford a private school or for your wife/their mum to homeschool them? That’s what the common worker faces as a father. Not all charter schools are run by Roarke.
"Not all charter schools are run by Roarke." ...for now.@@sashakhan1262
I'd bet my life that's exactly what's going on.
Remember when capitalism convinced you a core part of why it's better than models that came before it, is one person or entity doesn't control everything, and businesses compete for your dollar?
Pepperidge Farm remembers.
Then they quietly buy both sides of the aisle and no longer have to compete..
I've been trying to explain this to my coworkers! I just gave up! 🫠
They still think that even if you win the lotto you should still work! 😂
They are so afraid it will go away (and that it's not enough to live with in America!) that they will work even if they get millions! 😭
You are free to set up your business and compete with them
@@maximemeis2867 In much the same way that one is free to not give up their belongings to the armĕd rōbber.
@@leonfrancis3418 to the contrary. There s a big fundamental difference which you dishonestly try to evade : nobody uses or threaten to use force to fill these 1.7 million jobs. Yes they are free to leave their jobs and they are free to set up their own business and compete without the fear of their former employer using force against them.
These private equity firms are begging for the French Revolution sequel.
"The French Disconnection 2"
The battle has reached the courts!!!! Why I am just now hearing about this?
Because corporations own all our most prominent outlets for media
The Big 6 media oligarchs call the shots on a need to know basis. Their lapdog subsidiaries gotta lick their overlord's boots. Keeping the public in the dark and distracted is what they excel at.
These Big Six media behemoths control over 90% of what you read and watch. They excel at keeping the public in the dark when it suits their interests. Their lapdog subsidiaries are careful to not upset their corporate overlords so the bootlicking continues!
Media advertising dollars.
@@Turdfergusen382Might be. Usually I get tipped off to big lawsuits by my friends and contacts in the know, while I focus on my work in the now
Loving this big businesses not being broken up crap. It’s fun to relive history, especially the parts that were terribly oppressive and created poor outcomes for society and the environment.
The miserable thing about breaking up monopolies. They become global cartels after a hundred years. Look at Standard Oil.
@@joefer5360 Sure but oil and sandwiches are of starkly different economic necessity. Oil is always destined to become a cartel if privately owned because the entire economy is reliant upon it. We need to diversify the energy sector, and preferably nationalize it, to reduce it's cartel-like influence upon society and our economy but at least with sandwiches we still have the option to eat something else. Although with all the consolidation and monopolies now workers don't really have much choice on where to work when 40% of all US jobs pay less than $15/hr and many are part-time.
Ready for the dark ages?
@@agoniaXdunyasocialism or barbarism
@@carlos_herrera a new -ism. We are innovative.
Weren't we supposed to have laws against monopolies??
You have so much more in common with your neighbor of a different ethnicity or political party or religion than you do with the owning class
Be a part of the "owning" class.
@@M42-Orion-Nebula No. The working class actually does useful work for society. The owning class moves money around and exploits people.
Good information. I had a hunch that it was greedy, evil, wicked "Wall St. Barrons" ruining the quality of
fast-food chains such as Dunkin Donuts, McDonalds, etc. This video confirms what I knew all along.
Basically any chain restaurant is crap because of those people Darden brands which owns Applebee’s in a bunch of other restaurants is up there too
They also own Buffalo Wild Wings, Schlotsky’s, McAlister’s Deli, Jamba Juice, and Culver’s. Merry Maids and Meineke are also under their umbrella.
Man I saw culvers and I guess I ain't eating their food anymore. Sucks but this is for my own good.
The pretzel is only 11 inches. Scam society I tell ya.
It’s so fascinating to learn about yet another dark underbelly of American capitalism. When will people learn that they’re allowing a system that is actively hurting them?
The problem is that even though we've learned it's a problem we're afraid to do anything about it, because even rotting food is better than no food.
We need a new John Brown.
Move to a communist country and enjoy your work there.
Never because the average American’s brain is broken from the red scare
Because they want to be billionaires too.
This isn't American capitalism. This is just Capitalism, period. This is the system working exactly as designed. The rest of the world is not safe from this nonsense.
Ayn Rand's popularity is poisonous, and she ended up collecting Social Security as a good Libertarian would lmao
Ayn Rand's popularity is a manifestation of something called High Social Dominance Orientation. Seriously, look up Social Dominance Orientation on Wikipedia. Basically, the degree to which people desire their in-group to be superior to and dominate other groups is a stable personality trait. Most people have a low to moderate social dominance orientation, but about 20% of the population has a high social dominance orientation. This 20% figure seems to be consistent (give or take) from place to place, society to society. This 20% of the population -- the high SDO quintile -- does not think and act like the rest of us. They cannot understand things like win-win situations. If something is good for someone outside their in-group, it must be bad for them. They do not compromise. "Philosophers" like Ayn Rand and Jordan Peterson basically provide intellectual cover for these people to be themselves.
@@synthstatic9889 That's BS that it's consistent from society to society. That's a largely white phenomenon. And not whites from just anywhere, like Greeks or Mediterranean people, but people from the British Isles and surrounding areas. I hope one day we have a genetic test for it, but until then it is helpful to know the areas where from which it proliferates.
she paid into it so that's why she collected it
No real Libertarian would though considering her ideas and rhetoric. @@halfheartdead7149
@@Will_MoffettI think you’re onto something. This kind of dickish behavior is basically worshipped in Anglo cultures but the opposite is valued in nearly everywhere else. British isles are an aberration
Whenever somebody cites Ayn Rand as an inspiration, brace yourself for something horrific to come out of their mouth. They'll act normal and appear sane most of the time. It might take a while, but inevitably, you'll have an epic WTF moment.
Ah yeah horrific. Like providing jobs to 1.7 million people. How many people do you employ?
@maximemeis2867 there's better role models than that yenta Rand
Rand was a lifelong methamphetamine user. Her "inspiration" was speed.
I noticed strange licensing last night when I went to subway. Also, the quality of the sandwich is pretty nasty now. I even noticed the donuts at Dunkin’ got worse. I have no reason to shop at either now.
Moral of the story shop at your local sandwich shop. It is you the consumer that is foolish, you pay the franchise cost on every meal you buy.
Unless they're owned by private holding companies too. Never know.
How is franchising even legal? It's like a Russian doll that you have to take out bit by bit to find the real owner. This sounds like a shell company.
I'm also curious as to why companies annexing other companies (mergers & acquisitions) is legal and even encouraged, but countries annexing other countries is evil. Sorry, but both should be disallowed and condemned. Businesses should stand on their own and not let the vultures take over.
What local sandwich store? 90% of food and restaurants is franchised.
Isn't Roark considered a monopoly if they own so many different brands under their umbrella??? This is effed up beyond anything I've seen in America!! The wage theft is happening, and different presidential administrations can do something about it or nothing depending on the party!
Yep. The majority of jobs in this country don’t even pay anywhere near a living wage anymore. America is now the land of the haves and the have nots. Over 70% living check to check in 2024.
😅 Look up Black Rock and Monsanto. Like 5 companies own most everything
Theres probably some bullshit legal distinction between roark and its subsidiaries that makes them effectively a majority shareholder but not the “owner”. Effectively the same thing as ownership but legally murky enough that they can get away with it.
@@MissyMuthaTruckiNBlackRock is different: while they do own some shares of many companies, the majority of their perceived "ownership" comes in the form of assets they manage on the behalf of their clients. Those clients usually retain voting rights for the stocks in their portfolios, so BlackRock themselves can't exert much influence.
@@MissyMuthaTruckiNTH-camr 'The Plain Bagel' has a better explanation of how this all works.
Private equity is a blight on mankind and everything good in life.
Replace 'private equity' with 'capitalism' and you are on to something.
How terrible it is for them to be providing 1.7 million jobs
@@maximemeis2867 they are extracting wealth from workers, the 'job providing' is a by-product.
1.7 million low wage jobs at part time hours, forcing people to get multiple part time jobs just to make ends meet.
@@joelbaker9366 feel free to offer them 1.7 million better jobs. For these 1.7 million people, that s apparently an improvment on their second best alternative. So yes, this is real value for 1.7 million people
The 11-inch footlong pretzel is the icing on the cake.
WE NEED OLIGARCHY LAWS!!
No such thing is a capitalist society
@@karlabritfeld7104 ignorant comment,
@@karlabritfeld7104 I hope English isn't your first language.
Oligarchy? Sure.
We have antitrust legislation on the books… it’s not enforced because they work directly with government to collude
Just watched Managers get a free trip, clothes, food, and drinks worth thousands completely covered, all while their workers took care of them, and the workers need foodstamps or to work a second a job to survive.
This was what it was like at Brookdale. A big stupid giant national nursing home parasite company that takes advantage of dementia. I wanted a jacket with their stupid logo on it and got told it's ONLY for upper management and that there was some silly link to the online store only the upper management could have access to.
I quit a month later
womp womp
“Privatize the profit socialize the cost”
It's a good thing those egoists don't need anyone else... especially not employees, franchisees, customers, the entire global supply chain, lobbyists, politicians, bankers, or lawyers.
My god. If your business model is not sustainable if you are responsible and liable for the things you control, than your model should not exist.
I really think that a lot of problems with businesses would autocorrect if company owners were liable for what there company do. That way it would be viable to have a world wide monopoly because there is no way you could oversee such vast business. Making "corporation entities" responsible to just pay fines or allowing for businesse (like Uber, AirBnB, etc.) to act as "middlemen" and take no responsibility is just what drives the problem. If having to be responsible for your actions is not viable, well then I say that it might just be that it is simply not a viable model.
They are not responsible for their franchisee's employees because they don't hire nor control them. There's no way to look at the facts and objectively conclude that they should be joint employer. Meanwhile, responsibility logically derives from control. Your suggestion to hold people accountable for actions over which they had no control is simply irrational and ridiculous
I would love to see More Perfect Union highlight companies who take care of their employees, so I can shop there. I currently shop at WinCo, because I think it's best for employees, but honestly, I don't know.
It's not in the channel's best interest to have us be satisfied. They market discontent.
@@PatrickKQ4HBD We *should* be discontent. Still, any solutions are welcome.
Y'all missed something just as bad as the wage theft. The food quality and portions have all shrunk since they acquired the restaurants. Arby's is so bad I will not eat there even again. They are ripping off everyone.
I have ate there only time! And even then I felt like I was tricked into eating it! I was 8 and it was the early 90s! 😭 I thought it was that thing, where your parents buy things they like, but you won't. You know so you wouldn't ask for any and they didn't have to share any.. Well i had private equity like parents! 😂
Yep. For example at Buffalo Wild Wings they stopped making chili part of the recipe for the queso. Now you have to pay extra for it.
Getting less meat and cheese from Subway. It's not that it's OMG two slices but back when subway started they were much more generous...and now they just drown things in the sauce to ignore the fact they did an 1/16 of an inch of meat
Now that’s what I call quality journalism
Educating myself on American capitalism has made me see that ..we the people .. are just Guinea Pigs for these companies to stay rich😔. The American dream is exactly that…a dream
In a world in which a 2 by 4 isn't 2" by 4", one cannot be surprised that a footlong pretzel isn't a foot long.
It stuns me Subway has remained in business with their horrible food.
We've been here before with Standard oil 100 years ago. We already know what we need to do.
Thank you,this was another great exposure.
Boycotts are and were a good means to curb this type of behavior.
Used to be until they go out and buy another brand
Not feasible for a ton of the workers to picket. Many are on parole or one bad paycheck away from being homeless.
How are you going to do that, at this point? To successfully boycott, you would stop using one product/company and support another one behaving better. But where we are at now is they are all owned by very few people that are working together and behaving the same way. At this point your only option is to drink the corporate Kool Aid and you are limited to the illusions of choice they gave you by allowing you to pick if it is grape or cherry. Either way it is still Kool Aid because these parasites have made sure between them you have no option for choosing anything else.
@@vonvielfaltz A boycott is not a strike. A boycott is when one stops patronizing a business or product.
This country scares me.
wait
OBEY. CONSUME. 👀 Big Brother is watching 👀👀👀👀
I get you but it’s just not the USA, big corps are doing this all over the world. We need exposure like this. We need to spread this form of information EVERYWHERE.
Yeah this is crazy
Are you really black pilling over RESTAURANT MERGERS? Out of all the things going on in the world?
I feel like a lot of systemic class problems would go away, or at least be lessened, if there was an elegant and straightforward way to make it so that you can't both have a full time job and need financial assistance. There are tens of millions of workers that seem to be in this position, fucking crazy.
Tax the employer for any benefits the employees received , proportional to 40 hours work week.
Walmart is the worst offender in this. Walmart has the most employees who are receiving public assistance in this country.
Easy: open the southern border and let millions flood in whom will happily accept low wage jobs. 😀
Oh and then if or when people object: call them “racist” 😀
remember the 90s when Subway was passing out franchises and soon they was one on every other block😂😂
Me to little boy: Subway. Tuna has no tuna, the chicken has no chicken, etc.
Little boy: Then what their meat made from.
Me: Soilent Green.
*h u m a n i t a r i a n*
This is a problem... but I feel bad for anyone who's favorite chain food place is _Subway_ .
It's not bad if you get basically a salad in a sandwich. Most people get the weird saucy meats and what not and those such, but the veggies can't be too low quality. The salami and pepperoni are basically normal. Put all that together and you got a solid sandwich for cheap.
My kids love it. I was sad to learn Dunkin and Jimmy John’s are both part of this, those are two of my favorites. I can go without though, the satisfaction of not giving my money to that scammer is enough to sustain me.
agreed. subway is actual dogshit. of all the US based fast food chains the only one worse i can think of is KFC. the selling point for subway used to be that it was "healthier" and "cheaper" than other fast food. But now a footlong costs like 16 bucks, more than an enitre combo at Mcdonalds. Imagine paying 15 dollars for a subway sandwich lmao.
@@ARM3LO get the spicy Italian, it's a little over 6 most places.
Their brains are technically cake.
the solution is stop putting your moneys in huge cooperates and finding family owned businesses to spend your dollars at
and when i mean family i mean the owner still works in the store
Aren’t the majority of those companies rights/names owned by Performance Food Groups? And aren’t most of those franchises? So one bank owns a handful of franchises? This is the way the world has worked for hundreds of years. Yep.
Ah the scammy franchise system, where the parent company is the scammer.
No wonder all of them are getting worse. Thanks for doing this story
I had no idea all these places were owned by the same company
This much consolidation should not be allowed. It’s absolutely scary.
It's absolutely legal. This is capitalism and what Americans want.
People have a right to buy and sell their property. It's none of other people's business
@@maximemeis2867Until everythings owned by what? 6 or 8 corporations
@@edu7979 so what? You are free to start competing with them at any time.
@@maximemeis2867 to be bought out?
So, if the pretzel is only 11", can't they be sued for false advertising?
No, as "footlong" is a copywritten branding term, not an actual length of measurement, and I'm not even fucking kidding that's the legal argument
Joe Manchin. Why am I not surprised.
Wym
As usual
Same thing happened with the bread. Someone took them to court over false advertisement.
And Tuna
Their play-doh bread.
The cake ("bread") is a lie!
Yeaj
Every politician that quotes Rand is a James Taggert when they think they are John Gault.
Galt
Aren't most corporations evil at this point? I mean they only care about profit and nothing else.
Not just that, but the law itself (in the USA) is evil - it perpetuates this behavior. In corporate law, there's something called "fiduciary duty to stakeholders": it means that a public company can be sued by the people who own shares if the company does not prioritize returns on their investment. Even if the return-on-investment comes at the cost of worker quality of life.
Blackrock and Monsanto are carrying out the Build Back Better plan.
Ayn Rand said, “The stupidity of this life is we all want our dreams fulfilled, yet we want others dreams to go unfulfilled.”
Rand was an exceptionally intelligent woman.
That quote is revealing of her worldview. I _don't_ want the dreams of others to go unfulfilled. Why can't everyone be happy, Ayn?
Does anyone actually want others dreams to go unfulfilled?
@@daviddickey9832 no, only Ayn Rand’s.
Feels like shit too cause inspire brands is supposed to go public soon. Bdubs who i work for as a cook has been cracking down on schedules limiting hours to try and make the stores and the company itsself look better. Ive been at the company for almost two years and im at a 75 cent raise to a now 14.75 a hr pay. I have a buddy that is at 20 a hr and has worked here for 20 years. Fucking ridiculous!!
These capitalists generally act harmoniously and in concert to fleece the public. -- Abraham Lincoln Springfield, Illinois January 1837
Bdubs found out during COVID that they can collect record profits by loosing half their staff and make the remainder do the work of two people. Until the restaurant industry unionizes nothing will change.
With the prices of eating out today, it’s cheaper to eat at home. I stopped eating out altogether. Then add in the tip increase they charge to pay employees wages and it is outrageously expensive.
What is SOOO SAD is that if you bring this up that corporate equity is the problem and they reduce your ability to own a small business. They call you WOKE and say your LAZY
I ended up working for a company with an owner who turned out to be a wage thief once. They refused my final pay after I had to clean up a mess they had on the job I was transferred to. Apparently my identifying the problem exposed somebody at the company. Good thing I had help tell me to go collect my final pay from them or I would of had a lot more people come with me to collect my earnings. I think that was the year that shop managed to screw up my taxes. I even went to a tax office and had a judge tell me I was all set but that IRS don't want to let it go no matter how many judges and lawyers tell me I am all set. Work ethic is good until some of those scum bags use you up. I will never forget a guy twice my age screaming how I made him look bad when I was just doing what I was trained to do. Sure didn't make many friends pitching into that career. I had to ask the review board if they needed trained apprentices or babysitters for aging addicts with poor attitudes.
"In this world there's room for everyone, and the good earth is rich, and can provide for everyone, the way of life can be free and beautiful, but we have lost the way. Greed has poisoned men's souls, has barricaded the world with hate, has goose-stepped us into misery and bloodshed. We have developed speed but we have shut ourselves in. Machinery that gives abundance has left us in want, our knowledge has made us cynical, our cleverness hard and unkind. We think too much, and feel too little. More than machinery, we need humanity. More than cleverness, we need kindness and gentleness. Without these qualities, life would be violent, and all will be lost." ~Charlie Chaplin
I'm only 7 minutes in and I feel sick to my stomach. Our elected officials have really let down ordinary people for so long and its disgusting. Thank you for putting out this information.
I once heard a professor in college many years ago. " The seeds of destruction are born from within" that's where this all ends.
I did the math 4 billion % 1.4 million is $2857 per employee for the year. It would cover 54 days working 7.5 hour days if every employee gets a $7/hour raise. 4 Billion doesn't spread as far with over a million employees AND if they can't afford living wages their businesses health should not take precedent over human beings.
I smell union!!!!!
Yes, go U.S. Steel. Union all the way, until , well, you know where they went.
Egoism would be different if egotists allowed those they work with to be egoists.
They do. Workers are not expected to stay against their own interest. They are free to quit their jobs
@@maximemeis2867No one buys this.
@@beanpasteposts well, that s the truth
I was with a group the other day and the fast food price increase came up as a topic. Almost all of them had all but stopped buying fast food. For the price of a decent sized burger I can buy 10 frozen patties. (bigger) I cook a few extra for the microwave convenience and I spend no gas driving.
I haven't been forced to eat at a subwaste (or any of these places) for over 10 years and I aint about to start any time soon. Its not even that it isn't food, it just isn't good.
Thank you. People just don't get this! Subs are loaded with processed meats, full of nitrates and other chemicals. "Footlong" breads are high in carbs, not to mention the "G" word
Wait, is this how Mr. Roark funds fantasy island? Or what craziness happens on their island ? 😮
Would have been a good question for that Epstein guy too, but that ship has sailed, unfortunately.
If $100,000,000.00 is nothing, then please, by all means, pay me nothing.
You have a choice.
Support small businesses.
Mom and pops.
"Private Equity Firm" is the politically correct way to say "corporate parasite", exactly the same as the "insurance industry".
"Hey there, commoners. That's a nice looking [COMMODITY] you have there. Be a real shame if something bad happened to it. Pay me and maybe when that bad thing happens I might could help you. By the way, you're required by law to pay me either way."
If they are parasites, don't deal with them. Nobody forces you to deal with them.
Late stage capitalism. That's about all there is to say.
I haven't patronized any of those chain establishments for decades.
The problem with Randian egoism is that if everyone is morally obligated to fight for only themselves, those at the top will stay there. After all, the resources they are afforded can help them maintain their position at the top, and those at the bottom do not have the resources to fight for themselves adequately. We need people at the top to look out for the guys at the bottom if we want to create a more equal society
I wonder how easy it would be to get images of that guy, modified with devil horns, to the top of his google search results 😈
We need a new superhero whose power is simply to cause ego deaths.
So…the psychedelic resurgence?
Egoman?
Judging by all those forums bragging about ego death and looking down on others who don't do drugs... The ego really doesn't stay dead for long.
It's past time Roark was brought to heel. We need to elect and lobby legislators who will help get it done at every level of government.
Get your looting hands out of other people's property. They owe you nothing. If you don't like them, don't work for them and don't buy from them.
@@maximemeis2867 Look who thinks we don't see right through the old capitalist gaslighting sound bites.
@@maximemeis2867BOOOOOO. Bad take. Get your head to look at the fact we aren't in some pre industrial, pro colonialism world. We in a massive global neighborhood. Get used to it. The oligarchy will be dissolved.
@@wellacoyoteishere185 this has nothing to do with colonialism or oligarchy. It has to do with the right of producers to use and dispose of what they earned.
When they steal a percentage of my wages, they owe me a percentage of what they stole. One way or the other, because they also steal from future generations they owe enough in blood they cannot repay. To take back what is stolen is not immoral nor a crime in the spirit of the law, it is true justice. You wouldn't know what that looks like because you won't look up from licking boots. @@maximemeis2867
The pretzel is a foot long before they bake it! It shrinks an inch, but technically it was a foot long! Don’t you just love semantics?!
That's a great excuse... If they sold pretzels before baking.
He sounds like Carl Sagan's nephew. Great voice and cadence!
I am so glad you did a video on just how destructive the franchise model is! It's so important that people understand this. I remember suggesting this like a year ago and I am so happy to see it.
The reason Starbucks has been able to actually gain traction with unionizing is because those stores are corporate owned. It is nearly impossible to organize franchises under current law. I boycott them the best I can.
The days of starting your own business went out with democracy. RIP USA 1776-2024
Im a retired union worker. And there is no doubt that corporate greed is out of control in this country. But I'm a little on the fence with this ideology of states abruptly doubling and even tripling minimum wages. We already are seeing the results of the west coast states mandatory wage increases. These businesses will pass on these costs to the consumers. It's too fast. Large corporations will ultimately survive. But it's the small mom and pop businesses that will be devastated. Small businesses are the backbone of our economy. I think minimum wage increases are necessary but at a slower mandated rate. A rate that will not destroy our economy. We are seeing record inflation rates with no end in sight. In the end this is going to lead to massive job loses.
Once Aaronson buys off the SAE guys 11” will be a foot
I'll switch to Metric when that happens!
Real