Pierced Perc Purveyors Unite!

Apparently a group of New York City (of course) baristas has chosen to join a union, and will not rest until Watch List member Starbucks (SBUX) pays above-average wages and offers health benefits to any employees working more than 20 hours per week.

Oh, wait! Starbucks already offers those things (awkward pause.) Ok – here’s the new list of demands.

Group of SBUX NYC baristas proud to be Union – Blogging Stocks

Friday mid-afternoon at their store location, a group Starbucks espresso-pullers made known their membership in the IWW Workers Union according to a New York Press report. The public declaration was accompanied by a list of demands. The article quotes Daniel Gross, barista and union organizer, saying the group’s main three concers are “a living wage, secure hours of 30 or more per week and an end to the anti-union campaign.” Customers were not served while the demands were being presented.

If you ask us, it sounds dangerous to suddenly stop serving coffee to caffeine-dependent New Yorkers. Of course, it won’t be the first time these brave baristas have stood firm in the face of danger. Apparently Starbucks’ anti-union effortsincluded publishing a .pdf document on their web site.

Disclosure: The author owns shares of Starbucks, half of which are partially hedged via a covered call option with a $37.50 strike price and October expiration.

Disclosure: Author is long Starbucks (SBUX) at time of publication.

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