this post was submitted on 09 Oct 2024
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It’s cute that you think 25% of your sale is going towards labour, even before self-checkouts became so commonplace.
Just curious, I have no idea what the real number is, what do you think it is?
I have no clue. I guess you can look at the profit margin for a supermarket (Walmart is around 2%, I just checked), then figure out the average full food shop spend, and finally see what the average hourly wage is for a worker and how long it would take to ring up a full shop.
Although, this also highlights why they can’t give OP 25% off as their margin isn’t anywhere near this figure. I guess we should also factor in handouts that companies like Walmart get from the government to subsidise their staff etc.
Apparently they spend about 7.67% of their operating budget on labor. Just in case anyone was wondering. Source.
I would wager that a significant piece of that is centered around the logistics and distribution element. Cashiers are probably rounding errors.
Thanks for posting this.