andrew.kimmel@gmail.com
What do you think?https://twitter.com/Liz_Wheeler/status/1253097278446825472 …
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Ever do the math on spreading 25 million over 50,000 employees?
Wanna guess how big their raise is?
Amazon has ~750K employees and made $10.1B net profit last year. Not including stock options, the company could certainly afford to pay considerable increases in wages.
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That is only 11% of their gross profit. A good net profit is anywhere between 15-17%. They post low profit margins, always have. Increasing minimum wages hurt their employees. And they create more jobs elsewhere by investing in small businesses.https://fortune.com/2018/10/03/amazon-warehouse-workers-minimum-wage-incentives-stock-options/ …
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Here is what will happen if you force them to do that: AWS, which earns most of the profits and emplys just techies, will be separated out as an independent company. The unprofitable e-commerce arm that remains won’t be able to raise pay.
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Or, they can work somewhere else.
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Yep. As long as they don't pay taxes they can cut their profits in half and give everyone a $3 an hour raise! Life changing $$ How about everyone who doesn't net 10 billion?
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Just think, if Amazon said screw profits, everyone could get a $6 an hour raise!! Woooo
End of conversation
New conversation -
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“The company” is the people.
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