Nearly five years since the first Starbucks location unionised, contract negotiations are still dragging on. Can external pressure from shareholders and human-rights campaigners make a difference?
For paid subscribers: retail coffee prices have soared in recent years, driven by climbing commodity costs and tariff stupidity. Some of those pressures have now started to ease, and yet retail prices continue to rise. Will they ever come down?
Starbucks is raising wages—well, sort of. A tiny bit. For some workers. Depending on their tenure. And not all unionized workers will get the same raises as their non-union colleagues. Plus it’s a pretty pitiful amount—at most 5% if you’ve worked at Starbucks for 5 years—especially when you consider the company’s record sales and CEO Laxman Narasimhan’s pay packet of potentially $28 million plus.
A legal-but-shady loophole letting traders at the Intercontinental Exchange reclassify old coffee is about to close, and it could be the reason stockpiles appear to be falling. Get Poirot on the case!
And researchers looked into the effects of coffee and alcohol on sleep, choosing financial traders as their guinea pigs because they consume a lot of both.
I'm a coffee writer and creator of The Pourover. Based in Scotland, I have over a decade of experience in the specialty coffee industry. Ask me about coffeewashing. It's pronounced Fin (he/him)