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(CNBC)   CVS announces wage hike to $11 an hour for hourly employees and increased pay for many of its full-time employees thanks to the Trump tax law   ( cnbc.com) divider line
    More: Spiffy, Health insurance, new tax law, CVS, Parental leave, Health care, percent, retail pharmacy technicians, hourly retail employees  
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597 clicks; posted to Business » on 08 Feb 2018 at 3:20 PM (23 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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vpb [TotalFark]
2018-02-08 02:26:59 PM  
Sure it's the tax law.  It couldn't possibly be supply and demand for labor.
 
2018-02-08 02:37:04 PM  
Still not a living wage.
 
2018-02-08 02:37:53 PM  
Yet somehow they still qualify for food stamps.

img.fark.netView Full Size


and remember kids, a bonus without an accompanying cost of living raise is wage suppression.
 
2018-02-08 02:38:44 PM  
All I know is that my local CVS is always understaffed when I go in to pick up a prescription (a regular thing, for blood pressure every ninety days), and even when no one is in line ahead of me, I have to wait at least ten minutes while two or three people run around back there among all their pharmacy stuff like they don't have any clue what they're doing before someone's ready to ask me what I want. I'd switch to the Walgreens across the street, but I'm not convinced that would be much better. At least I don't have to deal with it on a weekly basis.
 
2018-02-08 02:39:06 PM  
Yay, more crumbs!
 
2018-02-08 02:51:39 PM  

wet drum sandwich: All I know is that my local CVS is always understaffed when I go in to pick up a prescription (a regular thing, for blood pressure every ninety days), and even when no one is in line ahead of me, I have to wait at least ten minutes while two or three people run around back there among all their pharmacy stuff like they don't have any clue what they're doing before someone's ready to ask me what I want. I'd switch to the Walgreens across the street, but I'm not convinced that would be much better. At least I don't have to deal with it on a weekly basis.


Same here. And RiteAid is even worse. They usually have only one or, at most, two cashiers working (with at least 4 or 5 more empty, unattended cashier stations) and a line of 8 or 10 people waiting to buy shiat. At the location just down the street from my office, many times I've walked in to buy something, taken one look at the line, and then just said "fark this" to myself and immediately turned around and walked out, and I've seem plenty of other people doing the same thing.  If they would just hire one or two more wage slaves to run the cash registers I'm pretty sure their wages would be covered many times over by the sales volume they otherwise lose by being understaffed.
 
2018-02-08 02:58:00 PM  

wet drum sandwich: All I know is that my local CVS is always understaffed when I go in to pick up a prescription (a regular thing, for blood pressure every ninety days), and even when no one is in line ahead of me, I have to wait at least ten minutes while two or three people run around back there among all their pharmacy stuff like they don't have any clue what they're doing before someone's ready to ask me what I want. I'd switch to the Walgreens across the street, but I'm not convinced that would be much better. At least I don't have to deal with it on a weekly basis.



They have reduced the number of Tech and Pharmacist hours per store per # of prescriptions in order to save on costs. That means less people to answer the phones, make phone calls for people to fill medications they mostly don't need yet or want to fill anymore... "would you like to fill your nasal spray?" I think I'll fill that if I want to, thanks!! Plus they are doing the outdates, filling the ready-fill, dealing with insurance rejections, prior-authorizations, and  people coming in saying their dog ate their Oxycodone.

CVS sucks balls. They treat their people like sh*t and know they can replace them. They've been doing it for so long they don't have experienced staff to pick up the slack anymore. so, what you see is the result of their fantastic management skills.
 
2018-02-08 03:19:25 PM  

FlashHarry: Yay, more crumbs!


img.fark.netView Full Size



img.fark.netView Full Size


img.fark.netView Full Size
 
2018-02-08 03:20:26 PM  
So, I wonder when we will hear about the large number of stores they have closed, and jobs they cut.

That has basically been the pattern so far for all of these Trump Tax Boom stories.
 
2018-02-08 03:21:29 PM  
That would be the same CVS that fought tooth and nail against wage increases in California while breaking labor laws, right? The same one that helped to fund the campaign against Washington's minimum wage increase?

Yeah. Fark that. What you're seeing here isn't an "increase" - it's CVS, hoping to both capitalize on the doubling of their profits thanks to the Trump corporate tax break and apply leverage to states considering $15 minimum wage levels.
 
2018-02-08 03:21:52 PM  

JustToLetYouKnowFriend: So, I wonder when we will hear about the large number of stores they have closed, and jobs they cut.

That has basically been the pattern so far for all of these Trump Tax Boom stories.


That, too. Just ask pharmacists in California.
 
2018-02-08 03:23:12 PM  

wet drum sandwich: All I know is that my local CVS is always understaffed when I go in to pick up a prescription (a regular thing, for blood pressure every ninety days), and even when no one is in line ahead of me, I have to wait at least ten minutes while two or three people run around back there among all their pharmacy stuff like they don't have any clue what they're doing before someone's ready to ask me what I want. I'd switch to the Walgreens across the street, but I'm not convinced that would be much better. At least I don't have to deal with it on a weekly basis.


I have a CVS near me. I like the makeup and pharmacy section. However, their turn over is the highest I have ever seen. Except for the pharmacist, I never see the same worker twice. I think they have trouble keeping people. And there is always a line. Never more than one person working the front.
 
2018-02-08 03:39:17 PM  
we told them it would

trickle down

.jpg
 
2018-02-08 03:40:49 PM  

Cyberluddite: wet drum sandwich: All I know is that my local CVS is always understaffed when I go in to pick up a prescription (a regular thing, for blood pressure every ninety days), and even when no one is in line ahead of me, I have to wait at least ten minutes while two or three people run around back there among all their pharmacy stuff like they don't have any clue what they're doing before someone's ready to ask me what I want. I'd switch to the Walgreens across the street, but I'm not convinced that would be much better. At least I don't have to deal with it on a weekly basis.

Same here. And RiteAid is even worse. They usually have only one or, at most, two cashiers working (with at least 4 or 5 more empty, unattended cashier stations) and a line of 8 or 10 people waiting to buy shiat. At the location just down the street from my office, many times I've walked in to buy something, taken one look at the line, and then just said "fark this" to myself and immediately turned around and walked out, and I've seem plenty of other people doing the same thing.  If they would just hire one or two more wage slaves to run the cash registers I'm pretty sure their wages would be covered many times over by the sales volume they otherwise lose by being understaffed.


Yeah, but that costs money. Why should they pay $8000 in extra payroll expenses this quarter for 2 more employees? The tens or hundreds of thousands of dollars of profit won't even show up until at least one quarter after those employees are hired, and what the hell is the point of turning a profit if those profits won't be realized this quarter?
 
2018-02-08 03:42:38 PM  
washingtonpress.comView Full Size
 
2018-02-08 03:47:29 PM  

Giant Clown Shoe: Yet somehow they still qualify for food stamps.

[img.fark.net image 500x310]

and remember kids, a bonus without an accompanying cost of living raise is wage suppression.


The raise will count against them come benefits-calculation time. Their net income (pay + welfare) will remain about the same.
 
Azz [TotalFark]
2018-02-08 03:48:18 PM  
Here peasants fight over this seed money. No, don't look over there. Look over here. See! Shiny!
 
2018-02-08 03:52:10 PM  
Shares of CVS fell nearly 2 percent after rising in premarket trading following the announcement.

Heaven forfend the peons actually get paid.
 
2018-02-08 03:52:22 PM  

girlygirlmpls: wet drum sandwich: All I know is that my local CVS is always understaffed when I go in to pick up a prescription (a regular thing, for blood pressure every ninety days), and even when no one is in line ahead of me, I have to wait at least ten minutes while two or three people run around back there among all their pharmacy stuff like they don't have any clue what they're doing before someone's ready to ask me what I want. I'd switch to the Walgreens across the street, but I'm not convinced that would be much better. At least I don't have to deal with it on a weekly basis.

I have a CVS near me. I like the makeup and pharmacy section. However, their turn over is the highest I have ever seen. Except for the pharmacist, I never see the same worker twice. I think they have trouble keeping people. And there is always a line. Never more than one person working the front.


The CVS near me is the most depressing and decrepit place I've ever seen.  I feel disgusting just walking in there.  Give me Walgreens anyday.
 
2018-02-08 04:04:18 PM  
Speaking as someone who was a pharmacy technician for quite some time... DON'T WORK RETAIL!
 
2018-02-08 04:15:20 PM  

wet drum sandwich: I'd switch to the Walgreens across the street, but I'm not convinced that would be much better.


It's not.
Don't know if they ever went through with it, but last time I worked there, they wanted to eliminate general managers, staff the store with nothing but "team leads" and have all the heavy managerial duty done from the district level. And it was already shiattily managed to begin with.
 
2018-02-08 04:19:57 PM  

Lochaber_Axe: The CVS near me is the most depressing and decrepit place I've ever seen.  I feel disgusting just walking in there.  Give me Walgreens anyday.


That perfectly describes the Walgreens near my house.  Dingy, dirty, understaffed and poorly lit.  Place is only 3 years old, too.

/Don't have any CVS stores nearby to compare to...
 
2018-02-08 04:38:53 PM  
Seriously, they could have raised wages before.

Claiming Trump magically saved their asses with a tax cut is bullshiat.

Fark corporatism. Fark it, seriously.
 
2018-02-08 04:53:03 PM  
Just for fun, ask any employee what CVS stands for.
 
2018-02-08 04:59:06 PM  

offacue: Just for fun, ask any employee what CVS stands for.


Easier if you just tell us..... the people at my CVS all wear ball gags.
 
2018-02-08 05:04:16 PM  

Giant Clown Shoe: Yet somehow they still qualify for food stamps.

[img.fark.net image 500x310]

and remember kids, a bonus without an accompanying cost of living raise is wage suppression.


At least it's a raise and not a bonus.

Don't get me wrong, I don't think it's enough, but lots of companies have been issuing one time bonuses l, and patting themselves on the back as if that solves the WAGE problem. fark them.
 
2018-02-08 05:06:33 PM  
Minus the "I" in there. I swear Fark turns my phone stupid
 
2018-02-08 05:06:33 PM  
Retailers have started hiking their minimum wages to remain competitive in a tightening labor market

Its literally in the article about the truth.

CVS' net income is about $1 billion a quarter, btw.
 
2018-02-08 05:10:18 PM  

oldernell: Still not a living wage.


Doesn't matter. All voters need to remember are their highest wages when they hit the voting booth. Get ready for endless commercials about higher wages.
Hell, between a 3% pay increase and the tax deduction, I'm getting $320 extra per pay period. Still not voting Republican, but that's significant. It might change a few people's minds.
 
2018-02-08 05:10:36 PM  
The more cynical side of me says that these companies are doing this now so that their low income employees will associate it with Trump and continue to vote R so that tax laws and labor regulations can keep being dismantled.
 
2018-02-08 05:12:16 PM  
CVS has posted profits in the neighborhood of $5 billion for the past 4 years, on a tax bill of $3 billion per year. Even if their taxes are cut by a third, that's still a relatively modest increase in net income, and they could easily have given raises before now. I won't even ask how many of these "raises" are in states that are gradually increasing the minimum wage over the next three years anyway.

Posturing bullshiat, pure and simple.
 
2018-02-08 05:22:56 PM  

offacue: Just for fun, ask any employee what CVS stands for.


Consumer Value Stores

/current employee
//hoping parental leave kicks in before this baby pops out
///3 slashies
 
2018-02-08 05:44:10 PM  
Man, tough crowd.
 
2018-02-08 05:50:39 PM  
Nobody can explain why all of these companies couldn't have done this during the last decade of record profit. I hope they get soaked when real leadership returns.
 
2018-02-08 05:55:48 PM  

Katato: offacue: Just for fun, ask any employee what CVS stands for.

Consumer Value Stores

/current employee
//hoping parental leave kicks in before this baby pops out
///3 slashies


Cottonballs Vaseline and Sh*t.
 
2018-02-08 05:57:55 PM  
Now they can get that operation.
 
2018-02-08 06:02:09 PM  

wet drum sandwich: All I know is that my local CVS is always understaffed when I go in to pick up a prescription (a regular thing, for blood pressure every ninety days), and even when no one is in line ahead of me, I have to wait at least ten minutes while two or three people run around back there among all their pharmacy stuff like they don't have any clue what they're doing before someone's ready to ask me what I want. I'd switch to the Walgreens across the street, but I'm not convinced that would be much better. At least I don't have to deal with it on a weekly basis.


Kaiser Permanente fills my recurring prescriptions by mail and it's very convenient. I wonder why that can't be done by a drugstore.
 
2018-02-08 06:02:24 PM  

Katato: offacue: Just for fun, ask any employee what CVS stands for.

Consumer Value Stores

/current employee
//hoping parental leave kicks in before this baby pops out
///3 slashies


CVS Manager, parental leave is immediate IF you meet the threshold of X number of months employed when baby is born(I think 12).

Also, not that I don't want to see my people get more money because I absolutely do, I care more about the fact my health premium won't be going up this year. Every year for the last 11 my pay increase has only been for two months, as enrollment goes into effect two months after my raise, which has been anywhere from 12-25% increases EVERY. farkING. YEAR. The fact I'll get an actual raise this year? No idea what I'll actually do with that. Probably increase my 401K contribution a couple more percent.
 
2018-02-08 06:05:00 PM  

Nick Nostril: Now they can get that operation.


img.fark.netView Full Size
 
2018-02-08 06:17:17 PM  
Personally, I think this is better than the bonuses other companies are giving out.
 
2018-02-08 06:36:47 PM  
outsidethebeltway.comView Full Size
 
2018-02-08 06:39:49 PM  

OccamsWhiskers: Man, tough crowd.


Okay, fine: Thanks, Obama
 
2018-02-08 06:53:56 PM  

JustToLetYouKnowFriend: So, I wonder when we will hear about the large number of stores they have closed, and jobs they cut.

That has basically been the pattern so far for all of these Trump Tax Boom stories.


Well , it is CVS . I can understand the store closings .
 
2018-02-08 07:57:50 PM  

jjorsett: wet drum sandwich: All I know is that my local CVS is always understaffed when I go in to pick up a prescription (a regular thing, for blood pressure every ninety days), and even when no one is in line ahead of me, I have to wait at least ten minutes while two or three people run around back there among all their pharmacy stuff like they don't have any clue what they're doing before someone's ready to ask me what I want. I'd switch to the Walgreens across the street, but I'm not convinced that would be much better. At least I don't have to deal with it on a weekly basis.

Kaiser Permanente fills my recurring prescriptions by mail and it's very convenient. I wonder why that can't be done by a drugstore.


It can be. CVS does it. But I trust my ability to go in there in person every time more than I trust the post office to be able to deliver the package correctly every time. I mean, if I order a book from Amazon and it ends up sitting on a pallet in a USPS facility in Richmond, Virginia, for six days for no reason, with post office employees unable to explain to me why the package ever went anywhere near Richmond or why it had to sit there for six days...well, I'm not happy, but I can deal with it. When it comes to my health, I have a lower tolerance for error. So I'll take the option that has fewer points of failure. I'll just go to the store at a time when I'm not in a hurry.
 
2018-02-08 08:16:23 PM  

wet drum sandwich: jjorsett: wet drum sandwich: All I know is that my local CVS is always understaffed when I go in to pick up a prescription (a regular thing, for blood pressure every ninety days), and even when no one is in line ahead of me, I have to wait at least ten minutes while two or three people run around back there among all their pharmacy stuff like they don't have any clue what they're doing before someone's ready to ask me what I want. I'd switch to the Walgreens across the street, but I'm not convinced that would be much better. At least I don't have to deal with it on a weekly basis.

Kaiser Permanente fills my recurring prescriptions by mail and it's very convenient. I wonder why that can't be done by a drugstore.

It can be. CVS does it. But I trust my ability to go in there in person every time more than I trust the post office to be able to deliver the package correctly every time. I mean, if I order a book from Amazon and it ends up sitting on a pallet in a USPS facility in Richmond, Virginia, for six days for no reason, with post office employees unable to explain to me why the package ever went anywhere near Richmond or why it had to sit there for six days...well, I'm not happy, but I can deal with it. When it comes to my health, I have a lower tolerance for error. So I'll take the option that has fewer points of failure. I'll just go to the store at a time when I'm not in a hurry.


Typically in such instances you can go to a pharamcy and they can get an override from your insurance company for an emergency supply. This is a pain in the ass however it does work. I don't recommend it as, well it's a pain in the ass.
 
2018-02-08 08:38:28 PM  
Absolute farking bs.  Companies don't "give" their employees anything.
 
2018-02-08 08:45:23 PM  
jayphat:
Typically in such instances you can go to a pharamcy and they can get an override from your insurance company for an emergency supply. This is a pain in the ass however it does work. I don't recommend it as, well it's a pain in the ass.

I haven't had to do that, but I know you can. The bottom line is just that I like it better if I'm in control of as much of the process as possible. The CVS computer system can't even keep track of when I need to refill. It tries, bless its heart, but if I let it send me alerts, they come way too soon. If I went on auto-refill, I'd quickly end up needing a warehouse to store my backlog of blood-pressure medication.
 
2018-02-08 09:11:58 PM  
SO that means they will have to sell a few more bottles of marked up aspirin a day to afford that?

Seriously though, who shops regularly at CVS/Walgreens/Rite Aid? They are like 7-11's with a Pharmacy counter. Unless there is some super duper sale going on, everything is like 50% more than Walmart/Target/any old grocery store. I honestly looked this up some bit ago...a bottle of CVS brand Aspirin or ibuprofen was like $8...same exact thing at Walmart...$4.
 
2018-02-08 09:53:17 PM  
Maybe now those CVS employees can afford to go buy a pair of earrings.
 
2018-02-08 10:50:30 PM  
Bonuses are taxed at 48 percent.
Just a bit of irony in that.
 
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