On Oct 8, 2018, Dannydoyle wrote:
Your idea is to pay based on the need of the worker.

On Oct 8, 2018, Senor Fabuloso wrote:
So your arguing that if worker are unhappy, they will will produce more for their employers?

On Oct 4, 2018, boxjumper wrote:
I applaud Amazon for their plan to raise the min wage to $15. If you do a poor job, you'll get fired.
$15 is barely a living wage. It will help people get off public assistance and SNAP.

On Oct 26, 2018, The Hermit wrote:

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On Oct 22, 2018, Dynamike wrote:
How many of you think it will be better if the minimum wage in USA is $15 hourly? And how many are against it?

Why not make it $35 an hour? If you're pulling numbers out of the air, why stop at $15? Although I don't think you'd pay that to count Bezo's money since they have automated counters now. Oops another job lost to automation.

On Oct 27, 2018, Mr Salk wrote:

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On Oct 26, 2018, The Hermit wrote:

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On Oct 22, 2018, Dynamike wrote:
How many of you think it will be better if the minimum wage in USA is $15 hourly? And how many are against it?

Why not make it $35 an hour? If you're pulling numbers out of the air, why stop at $15? Although I don't think you'd pay that to count Bezo's money since they have automated counters now. Oops another job lost to automation.

15$ is considered a medium living wage for a couple.

On Oct 26, 2018, The Hermit wrote:

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On Oct 4, 2018, R.S. wrote:

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On Oct 4, 2018, boxjumper wrote:
I applaud Amazon for their plan to raise the min wage to $15. If you do a poor job, you'll get fired.
$15 is barely a living wage. It will help people get off public assistance and SNAP.

Speaking of Jeff Bezos, just saw on the news that his current net worth is estimated at $161.1 Billion dollars. I don't think he'll have a problem paying his workers $15 an hour. To put things in perspective, it takes about 11 days to count 1 million dollars (at the rate of 1 dollar every second). To count a billion dollars takes approximately 32 years! To count his fortune of 161 billion would take roughly five thousand years!

Also, assuming a simple interest rate of 1 percent, his money can just sit there in a basic savings account and earn him about 23 million per week. Of course, I would imagine his actual earnings are significantly higher than that.

Ron

Just to be clear, Jeff Bezo's doesn't have $161B dollars. Whenever you start with the rich guy's net worth funding someone else, you are showing that you don't understand net worth or business worth. It might cause me to doubt your expertise on minimum wage dynamics.

On Oct 26, 2018, imgic wrote:

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On Oct 4, 2018, boxjumper wrote:
I applaud Amazon for their plan to raise the min wage to $15. If you do a poor job, you'll get fired.
$15 is barely a living wage. It will help people get off public assistance and SNAP.

Ironically many Amazon workers were upset with the pay raise...while hourly wage increased, Management took away benefits and stock options that actually decreased the amount they earned.

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On Oct 7, 2018, rockwall wrote:
Yeah, I have no doubt Jeff will be able to afford it.

https://www.google.com/amp/s/www.wired.c......less/amp

"The reason is that in addition to raising wages, Amazon is also slashing some performance bonuses and its restricted stock unit program. In total, workers say losing the benefits may amount to thousands of dollars in lost pay annually. "

From the same article:


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Amazon disputes that any employees will make less as a result of the RSU program and incentive bonuses being cut. “The significant increase in hourly cash wages more than compensates for the phase out of incentive pay and RSUs,” a spokesperson for the company said in a statement. “We can confirm that all hourly Operations and Customer Service employees will see an increase in their total compensation as a result of this announcement. In addition, because it’s no longer incentive-based, the compensation will be more immediate and predictable.”

The employee who spoke with WIRED maintains they will lose at least $1,400 per year as a result of the benefits being cut, despite factoring in a $1 raise in hourly pay. When WIRED provided Amazon with the employee’s calculations, the company did not dispute their accuracy.

In one sense, Amazon has good reason to cut the benefits it previously offered and instead provide employees with more cash. One of the soon-to-expire bonuses, for example, was given based on whether an employee’s entire warehouse met its productivity goals—a factor no single worker can control. RSUs also aren’t vested for two years; many warehouse employees don’t work at the company long enough to claim them, causing millions to be forfeited each year.


Moreover, the anonymous employee who the article references was apparently already making $14 per hour. So yeah, bonuses for him/her can exceed that $1 dollar per hour raise. But what about all the employees making just $13, $12, $11, $10 per hour? For them it's possible that the hourly raise could be more than the bonuses.

Ron

On Oct 27, 2018, R.S. wrote:

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On Oct 26, 2018, The Hermit wrote:

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On Oct 4, 2018, R.S. wrote:

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On Oct 4, 2018, boxjumper wrote:
I applaud Amazon for their plan to raise the min wage to $15. If you do a poor job, you'll get fired.
$15 is barely a living wage. It will help people get off public assistance and SNAP.

Speaking of Jeff Bezos, just saw on the news that his current net worth is estimated at $161.1 Billion dollars. I don't think he'll have a problem paying his workers $15 an hour. To put things in perspective, it takes about 11 days to count 1 million dollars (at the rate of 1 dollar every second). To count a billion dollars takes approximately 32 years! To count his fortune of 161 billion would take roughly five thousand years!

Also, assuming a simple interest rate of 1 percent, his money can just sit there in a basic savings account and earn him about 23 million per week. Of course, I would imagine his actual earnings are significantly higher than that.

Ron

Just to be clear, Jeff Bezo's doesn't have $161B dollars. Whenever you start with the rich guy's net worth funding someone else, you are showing that you don't understand net worth or business worth. It might cause me to doubt your expertise on minimum wage dynamics.

How do you know how much Jeff Bezos has?? Anyway, the actual to-the-penny amount that Jeff Bezos has is irrelevant to the point I was making. I was simply comparing millions to billions (using the reported figure) in a unique perspective to illustrate the difference.


Ron

On Oct 27, 2018, The Hermit wrote:

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On Oct 27, 2018, R.S. wrote:

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On Oct 26, 2018, The Hermit wrote:

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On Oct 4, 2018, R.S. wrote:

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On Oct 4, 2018, boxjumper wrote:
I applaud Amazon for their plan to raise the min wage to $15. If you do a poor job, you'll get fired.
$15 is barely a living wage. It will help people get off public assistance and SNAP.

Speaking of Jeff Bezos, just saw on the news that his current net worth is estimated at $161.1 Billion dollars. I don't think he'll have a problem paying his workers $15 an hour. To put things in perspective, it takes about 11 days to count 1 million dollars (at the rate of 1 dollar every second). To count a billion dollars takes approximately 32 years! To count his fortune of 161 billion would take roughly five thousand years!

Also, assuming a simple interest rate of 1 percent, his money can just sit there in a basic savings account and earn him about 23 million per week. Of course, I would imagine his actual earnings are significantly higher than that.

Ron

Just to be clear, Jeff Bezo's doesn't have $161B dollars. Whenever you start with the rich guy's net worth funding someone else, you are showing that you don't understand net worth or business worth. It might cause me to doubt your expertise on minimum wage dynamics.

How do you know how much Jeff Bezos has?? Anyway, the actual to-the-penny amount that Jeff Bezos has is irrelevant to the point I was making. I was simply comparing millions to billions (using the reported figure) in a unique perspective to illustrate the difference.


Ron

His net worth is in unsold stock. It varies day to day and it can't be put into a savings account. You based all your premises on something that doesn't exist. His net worth has no relation to what he pays employees is my point. People always point out the guy at the top has so much money and the people below aren't getting enough as if it's a rationale. Apples and Oranges. His net worth is the company net worth. He started the company, he took the initial risk. Pay is based on a whole host of factors. None of which have anything to do with the CEOs net worth. Those people that don't like the pay are free to go out and build their own Amazon and make what they want.

I could make the case that there are people I know in Amazon that only make $325,000 a year. Bezo's has 161B. Why can't he pay them $1M a year. He could afford it. That's your argument with different numbers. Anybody wanna protest for the guy only making $325K a year?

His net worth is in unsold stock. It varies day to day and it can't be put into a savings account. You based all your premises on something that doesn't exist.