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2022-01-04 06:59:01 Idea Factory entered the market with a unique idea and began to scale up swiftly. Our community is successfully developing on Telegram and other social networks, attracting founders from different parts of the world: from India and Ethiopia to Russia and ISA. In 2021 we became the #1 international startup community in Telegram!

Let us tell you what experience the year of 2021 gave us in our New Year post https://t.me/ideafactory1/850 Open / Comment

2022-01-03 10:00:02 𝙿𝚛𝚒𝚟𝚊𝚝𝚎 𝚂𝚎𝚌𝚝𝚘𝚛 𝚄𝚗𝚒𝚘𝚗 𝙼𝚎𝚖𝚋𝚎𝚛𝚜𝚑𝚒𝚙 𝙷𝚊𝚜 𝚂𝚝𝚎𝚊𝚍𝚒𝚕𝚢 𝙳𝚎𝚌𝚕𝚒𝚗𝚎𝚍 𝙸𝚗 𝚃𝚑𝚎 𝚄𝚂

Starbucks workers at an outlet in Buffalo, New York, have voted to unionize — which is the first time a union has won the right to represent Starbucks workers in the company's history.

Starbucks has 235k employees in the US, and the votes in New York were closely watched by Starbucks management, which had spent significant resources on trying to dissuade the stores from unionizing.

Unions have been on the decline in the US, and in other countries, for more than half-a-century — particularly in the private sector.

Previously, also the battles to unionize at Amazon warehouses in Alabama and Staten Island have made national headlines this year.

The US labor market is at an interesting crossroads - with job resignations at an all-time high, and many industries reporting a shortage of workers.

𝙲𝚑𝚊𝚛𝚝𝚛 | 𝙳𝚊𝚝𝚊 𝚂𝚝𝚘𝚛𝚢𝚝𝚎𝚕𝚕𝚒𝚗𝚐 Open / Comment

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2022-01-02 10:00:01 𝙿𝚎𝚊𝚔 𝙱𝚊𝚜𝚎𝚋𝚊𝚕𝚕? 𝙰𝚟𝚎𝚛𝚊𝚐𝚎 𝙼𝙻𝙱 𝙰𝚝𝚝𝚎𝚗𝚍𝚊𝚗𝚌𝚎𝚜 𝙰𝚛𝚎 𝚃𝚛𝚎𝚗𝚍𝚒𝚗𝚐 𝙳𝚘𝚠𝚗

Baseball used to regularly be described as America's favorite national pastime. Sadly, that phrase is getting closer to retirement with every passing year, as attendance at Major League Baseball games has been falling steadily since 2007.

So it's unfortunate for baseball fans that the collective bargaining agreement between Major League Baseball and the players' union has expired — meaning the first lockout in more than 25 years.

The issue at play is, unsurprisingly, money. Unlike the NBA or NFL, the MLB has no direct mechanism for players to benefit from rising league revenues. That's partly contributed to why the median salary for MLB players has fallen by 30% since 2015. During that time the median NBA salary was up 50%.

One of the core issues is the disparity between teams. The New York Yankees pull in 10x the local revenue of the smallest teams.

𝙲𝚑𝚊𝚛𝚝𝚛 | 𝙳𝚊𝚝𝚊 𝚂𝚝𝚘𝚛𝚢𝚝𝚎𝚕𝚕𝚒𝚗𝚐 Open / Comment

2022-01-01 10:00:01 𝚃𝚑𝚎 𝚁𝚊𝚙𝚒𝚍 𝚁𝚒𝚜𝚎 𝙾𝚏 𝚂𝚑𝚎𝚒𝚗: 𝙶𝚎𝚗 𝚉'𝚜 𝙵𝚊𝚟𝚘𝚞𝚛𝚒𝚝𝚎 𝚂𝚑𝚘𝚙𝚙𝚒𝚗𝚐 𝙰𝚙𝚙

Shein was founded in 2008 in China, and exploded into the world of fast fashion, with Google data showing it surpassed H&M, Zara and ASOS in search interest. It's also held the 2nd spot in the iOS App Store Shopping category for much of 2021, even overtaking Amazon.

Shein makes the world of fast fashion, pioneered in the late 90s by Zara, H&M and others, look glacial. "Fast fashion" meant that designs from fashion shows make it into stores in just a few weeks. Shein takes it further. If a top design goes viral on TikTok, Shein ramp up production instantly thanks to its tight production control, and small initial batches of items. That supply chain, coupled with super-low prices and endless virality on TikTok, is a powerful feedback loop.

Shein reportedly racked up more than $10bn of sales last year, but otherwise relatively little is known about the company.

𝙲𝚑𝚊𝚛𝚝𝚛 | 𝙳𝚊𝚝𝚊 𝚂𝚝𝚘𝚛𝚢𝚝𝚎𝚕𝚕𝚒𝚗𝚐 Open / Comment

2021-12-31 10:00:01 𝙼𝙾𝚁𝙴 𝙳𝙰𝚃𝙰

1) Amazon's cloud computing unit Amazon Web Services was hit with an outage recently, which caused disruption to services like Netflix, Slack, Disney, Ticketmaster and Amazon itself.

2) More than 90,000 Russian troops are believed to be massed near Ukraine's border. Some fear a potential invasion, despite a two-hour video call between Biden and Putin in which Putin assured otherwise.

3) More than 50 power companies have announced the National Electric Highway Coalition, with a plan to all contribute to a national coast-to-coast electric charging network.

4) The CEO of mortgage company better.com has apologized after firing 900 employees over Zoom.

5) Data on the most-used emoji of the year? That would be here.

𝙲𝚑𝚊𝚛𝚝𝚛 | 𝙳𝚊𝚝𝚊 𝚂𝚝𝚘𝚛𝚢𝚝𝚎𝚕𝚕𝚒𝚗𝚐 Open / Comment

2021-12-30 10:00:02 𝙸𝚗𝚎𝚚𝚞𝚊𝚕𝚒𝚝𝚢: 𝙰 𝙶𝚕𝚘𝚋𝚊𝚕 𝚂𝚗𝚊𝚙𝚜𝚑𝚘𝚝

The latest World Inequality Report hit the headlines recently, reporting that the poorest 50% of our global population earn just 8.5% of global income, and own just 2% of global wealth.

At the other end of the spectrum, the top 10% of income earners earned 52% of global income, and the wealthiest 10% own 76% of global wealth.

Other snippets from the report:
- The Middle East & North Africa is the most unequal region in the world, with the top 10% earning 58% of the labor income.
- Female share of labor income globally has grown from 31% in 1990 to 35% today.
- Billionaires now own 3% of global wealth, up from 1% in 1995.
- While inequality has increased within most countries, over the past two decades, global inequalities between countries have declined.

𝙲𝚑𝚊𝚛𝚝𝚛 | 𝙳𝚊𝚝𝚊 𝚂𝚝𝚘𝚛𝚢𝚝𝚎𝚕𝚕𝚒𝚗𝚐 Open / Comment

2021-12-30 06:59:00 Have a business idea? Welcome to Idea Factory startups club!

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2021-12-29 10:00:01 𝚃𝚑𝚎 𝙴𝚌𝚘𝚗𝚘𝚖𝚒𝚌𝚜 𝚘𝚏 𝙲𝚘𝚏𝚏𝚎𝚎

The cost of the wholesale coffee itself typically makes up only a tiny proportion of the total. Indeed, the cost of the actual coffee is usually only around 4% of the cost of a typical cup, which in the study worked out to about £0.10 ($0.13). That proportion is probably even lower for an order like a hazelnut latte, which will have sweeteners and more milk than a typical cup.

The coffee roaster usually accounts for most of the cost of the actual coffee, while exporters, transporters and processors take their cuts, leaving the actual grower with around just 10% of the coffee cost. In a study from 2019 that worked to be just one penny from a typical £2.50 ($3.30) cup of coffee.

With prices rising, that number might be a little higher than in this example, but it'll remain just a fraction of what it costs you, even if you order a simple double-shot espresso.

𝙲𝚑𝚊𝚛𝚝𝚛 | 𝙳𝚊𝚝𝚊 𝚂𝚝𝚘𝚛𝚢𝚝𝚎𝚕𝚕𝚒𝚗𝚐 Open / Comment

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