Starbucks pours out college credits
Along with McDonald's and Wal-Mart, it's aiding employee education. A peek at post-college employment trends shows why.
CNNMoney and The Hechinger Report took a look at restaurant and service industry education initiatives and discovered that Starbucks workers who take the company's Barista Basics and Barista 101 courses in Seattle can earn one-and-a-half credits from City University of Seattle for each class. They can stockpile three more credits apiece for higher-level management courses.
Other colleges also recognize the Starbucks training for academic credit through the American Council on Education's College Credit Recommendation Service, an organization that reviews and puts its stamp of approval on workplace courses. It's up to colleges and universities whether to accept the credits, but Mary Beth Lakin, director of ACE's college and university partnerships, says 2,000 institutions did so last year.
This will come in handy not only as students are racking up loan debt, but when they join the 284,000 college graduates making minimum wage. The Center for College Affordability & Productivity reported that nearly half of the college graduates from the class of 2010 are in jobs that don't require a bachelor's degree. A full 38% have taken jobs that don't even require a high school education, helping to drop the median wage for college graduates significantly since 2000.
What about the recovery, you ask? It's kind of exacerbating the problem. The U.S. economy has regained 5.7 million of the 8.7 million jobs shed during the recession. However, roughly 65% of those jobs have been of the low-wage variety, though nearly 60% of all jobs lost during the recession paid middle-income wages or better, according to the National Employment Law Project.
Not surprisingly, some of the other employers following Starbucks' lead are among the country's largest low-wage employers. Including fast food, the food-service industry employs nearly 3 million U.S. workers, according to the Bureau of Labor Statistics. This means McDonald's (MCD) has plenty of room to offer up to 27 credits toward bachelor or associate degrees through Hamburger University at its Oak Brook, Ill., headquarters.
It's not the only one filling universities with well-trained low-wage workers. Almost 4.3 million Americans work as retail salespeople, making that gig the most common in the land. Wal-Mart (WMT) is all too aware of this and has been offering college-level courses online since 2010. Wal-Mart's courses teach its associates about time management, effective phone skills and managing diversity.
I agree with peachy. I am entitled to my opinion. Someone may not agree with it, but it is still one of my rights. To tell a stock holder to sell your stocks is bad business. If they wanted to give money to some organization then I can give a whole list of more deserving charities. How about starting with some of the diseases children have or to fight abuse to children? As far as a fair wage - nope. He can spend 100,000,000.00 on a bakery, but can't increase his lowly workers wages? Come on. I wonder has he ever made a cup of coffee himself?
I agree with you Mike Bailie (1228). As much as I have always been a loyal Starbucks customer, when you tell me that if my beliefs are not the same as yours (which I respect) then I should take my business elsewhere...well then, thanks for making it so clear. I heard you loud & clear. I will miss you Starbuck tall triple nf latte. Good ridance to SBs outspoken CEO.
This is more story's by a company that really doesn't care about it's so called Partners. Give them back the hours and medical coverage they used to have. Starbuck's is all about smoke and mirrors.
They have a Look at me complex, when things start to slow down in to stores. I have seen this way too many times. Next thing you will see look what we did for the community. they do very little to help anyone but they make a big deal out the smallest issue. They are printing shirt's or hats for something coming up you can believe it... this how they keep the stock holders happy... What a joke this company is trying to keep up with McD's .... Really Howard... Grow up Mr. ADHD... His kids get more in pocket change then a manager makes in a year working 50 hours a week, without over time pay...
any job, any profession, any career is just as important as the next, somebody has to do it, they all deserve a living wage period, nobody has the right to own slaves while patting themselves on the back, keep donating your time to Starbucks or have some pride and ask for a raise, but then you will be shown the door and replaced, why do you think they have such a huge turnover of employees, just like any and all slave wage paying employers ............CEO and owner of Starbucks, Walmart, MacDonalds etc; know this and their wage policy's have made them and will continue to make them immensely wealthy at their employees expense....it may take awhile for you to realize this but you eventually will.........meanwhile keep grinding away......did you figure out my point yet..........?????
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Strong sales in November kept a strong year on course, and solid profit margins helped as well.
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