Monday, March 06, 2017

Pepsi Not Free

The price of Pepsi:
PepsiCo. announced last week that 80 to 100 employees would be laid off at area distribution centers over the next several months. According to Philly.com, the company sent notices to the effected employees last week, citing the city’s hefty sweetened drink tax.

The tax, officially implemented on Jan. 1, charges sugary drink distributors — people who sell soda and other sweetened drinks to retailers — 1.5 cents for each ounce of sugary drink sold. That means the cost of the tax is passed down to the consumer. For example, the price of a 12-pack of any sugary drink whether it be soda, tea or juice, could double after the tax is factored in.

“Unfortunately, after careful consideration of the economic realities created by the recently enacted beverage tax, we have been forced to give notice that we intend to eliminate 80 to 100 positions, including frontline and supervisory roles,” Dave DeCecco, a spokesman for PepsiCo., said in a statement.
Feed a tax, starve an employee...

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