r/technology Sep 29 '22 Take My Energy 1 Helpful 1

Amazon Raises Hourly Wages at Cost of Almost $1 Billion a Year Business

https://finance.yahoo.com/news/amazon-raises-hourly-wages-cost-223520992.html
28.2k Upvotes

4.5k

u/Liesthroughisteeth Sep 29 '22

Amazon.com Inc. announced a pay increase for hourly workers in the US that it says will take average starting wage for most front-line employees in warehousing and transportation to more than $19 an hour.

The company’s minimum level of $15 an hour for all hourly workers in the US remains unchanged.

What am I missing here?

6.3k

u/dontcrashandburn Sep 29 '22 Silver Helpful

I just experienced this. Got hired with a base pay off $15.50. There was a $3.65 differential. There was also a 3k hiring bonus. After 6 months the bonus was paid and you lose the differential bringing pay down to just the base rate. Immediately quit after the 6 months because who's gonna work for less doing the same thing you've been doing. That's how starting pay is higher than minimum pay.

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u/DigiQuip Sep 29 '22

That is such an incredibly dumb way to do that.

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u/[deleted] Sep 29 '22 Helpful Starry

[deleted]

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u/NewPhoneNewAccount2 Sep 29 '22 edited Sep 29 '22

Whats funny is this is backfiring big time on them. Theyre finding out in many areas with large distribution centers theyve burned through the available workforce with these turnover rates and now cant get anyone

Edit: https://www.theguardian.com/technology/2022/jun/22/amazon-workers-shortage-leaked-memo-warehouse how can a business lose 150% of employees in a year lol

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u/f1del1us Sep 29 '22

Ah yes, the Viridian Dynamics strategy…

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u/PineappleGrenade Sep 29 '22

My favorite "commercial" from Veridian:

Veridian Dynamics. We're a family, just like yours. But we don't waste our time throwing leaves around. We put our family to work. We mean real work. Not just eating mush. Our Veridian Dynamic family works for every member of your family. Even the dead ones. And we're working to bring them back and copy them, in case you lose them again. We love our family, which is why we work nights, weekends, and major holidays, because that's when families should be together. Families. Yay

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u/BBM_Dreamer Sep 29 '22

I can just hear it so clearly in that voice... What a great show.

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u/Northernpixels Sep 29 '22

We're sorry. You're welcome.

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u/clln86 Sep 29 '22

Wasn't it Portia de Rossi doing all that VO? Man I loved that show.

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u/Larrydp72181 Sep 29 '22

I heard it in her voice so I am going to side with you that yes it was. This also awoken hidden memories of Arrested Development because I couldn't figure out why she would call someone on a "Better off Ted" Michael 🤣

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u/Scarletfapper Sep 29 '22

This is both fascinating and awful. Where’s it from?

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u/dragonsandgoblins Sep 29 '22

Better Off Ted, a truly fabulous sitcom

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u/aspiringcreator1 Sep 29 '22

That show is by my opinion one of the best ones ever created. I don't get why it got cancelled.

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u/AzarathineMonk Sep 29 '22

Better Off Ted, they only had 2 seasons but I feel like they would’ve done better had they aired a few years later.

I believe you can watch it on Hulu.

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u/stupid_nut Sep 29 '22

There are so many good commercials from that show!

Here is the family one they mention. Family

My favorites are friendship and right or wrong.

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u/rtopps43 Sep 29 '22

Lol, one of my favorite moments from that show was when they were testing synthetic meat or “smeat” and they asked what it tasted like and the tester replied “despair”

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u/Fink665 Sep 29 '22

Ohmyglob, when the sensors could not see Lem!!!

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u/rtopps43 Sep 29 '22

That whole episode was awesome. Hiring white people to follow around the black employees because the sensors had trouble picking them up! I hate that this show got canceled so fast.

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u/clln86 Sep 29 '22

"You're having the daycare paint the parking garage?"

"No, don't be ridiculous. Just the stripes."

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u/NewPhoneNewAccount2 Sep 29 '22

Ted needs to come back. any time i take creamers from work i smile

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u/imhere2downvote Sep 29 '22

if they ever make truck seats uncomfortable oh man

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u/EyesOfABard Sep 29 '22

Woah, I’ve not seen this show referenced in years

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u/damienreave Sep 29 '22

Bezos never expected to still have human workers at this stage. He overestimated how easy it would be to just replace everyone with bots.

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u/JacobsSnake Sep 29 '22

The way they measure resolves,rely upon conveyors, how they store their products, placement of everything at amazon is a clusterfuck. There's a few wholesale industries amazon can't compete in just because of how well handled their operations are to deliver customers needs.

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u/maharg79 Sep 29 '22

Its becoming indudated with knockoffs now too. Dont buy sealed product for any popular Trading Card Game on Amazon, you are likely getting 3rd party or 'weighed' packs.

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u/xabhax Sep 29 '22

I used to order alot of stuff from Amazon. Not so much anymore. Most of the stuff is junk or like you said counterfeit.

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u/mjkjr84 Sep 29 '22

I use Amazon like some people use brick-and-mortar retail stores: browse to find what I want, then go directly to the manufacturer's website to make a purchase. It won't be a counterfeit/fake product and the manufacturer probably makes a better margin too. I don't buy much online that I "must have" within a couple of days so I don't even care about fast shipping as long as it's within reason (couple of weeks or so).

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u/SteveDaPirate91 Sep 29 '22 edited Sep 29 '22

Dude over in the Microsoft surface subreddit ordered a surface pro 8 and got a surface laptop 4 just a few days ago.

Be wary of buying anything with value or popularity online. CPUs are scuffed too at times. Some people will buy a high end one, take the IHS off(top cover with model number and whatnot) then swap it with a cheaper CPU.

Return it to Amazon saying they changed their mind. Product looks exactly as it should and depending on their donor CPU it may socket into a motherboard and you won't know till you check the bios that it's really a $60 CPU not the $500 one.

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u/AT-ST Sep 29 '22

I bought a CPU from them last year. Box came and there wasn't even a CPU in it. Just the cooler.

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u/Rufert Sep 29 '22

I've stopped buying anything of value from Amazon. Partly because of the significant rise in scams, but also because fuck Amazon. Give me brick and mortar stores where I can lay hands on a product before buying. Also so that if there's an issue, I can talk to a person rather than clicking a few menus before being told to wait 45 minutes on hold to finally be told to eat shit.

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u/legopego5142 Sep 29 '22

What sucks is that this hurts legit sellers because amazon throws all the product in one box and just credits whoevers shop its bought from. Real sellers are sending over the real product but a scammers items are being sent

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u/_Greyworm Sep 29 '22

I learned that the hard way, quite a bit wasted on most likely bullshit MTG packs.

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u/sauroden Sep 29 '22

This makes sense. You don’t get any more generalized than Amazon, which means they have to solve for every possible product. If you are a wholesaler with only a couple of dozen categories you can optimize sections of your logistics for each type.

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u/aboutblank Sep 29 '22

With the dumb shit Elon says about his non-existent Hyperloop, flying to Mars and "totally nailing 100% complete autonomous driving bro," I believe it can come down to billionaire hubris

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u/bruwin Sep 29 '22

Yeah, I was in an FC that was technologicaly at the forefront of their more automated stuff, and they had shit break down constantly. The robots going between stow and pick worked pretty well, but everything else was a headache. One time a conveyor got its speed bumped up by 50%, and bins were literally being flung all over the place.

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u/CoxswainYarmouth Sep 29 '22

Can we just stop all this right now and simply give Bezos everything in the world, declare him the winner of capitalism, then redistribute all the wealth evenly to everyone, then start the next game of winner gets all.

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u/Taken450 Sep 29 '22

After 1 billion dollars the government sends you a “you won capitalism” plaque and then you get taxed at 99%

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u/NotElizaHenry Sep 29 '22

I used to say that once you hit a billion dollars you get executed. Give the law some teeth, you know? It was absolutely wild how mad people would get when I said that. Like, you know we let people die because they’re poor all the time, right?

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u/syuvial Sep 29 '22

prosperity gospel poisoned the american psyche pretty badly, there are still masses, potentially even a majority of americans who believe that you deserve the level of wealth that the universe gives you, whether you're collecting classic cars or sleeping under a bridge god gave you the life you have for a reason.

its so bad that even people who werent christian adopted this subconscious moral approval of wealth disparity

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u/No-Coast-Punk Sep 29 '22

He also churned through the workforce of automation designers in the same way.

A few months ago I went on an interview for a contract gig to implement some mobile material handling robots. The interviewer was really squirrelly about the project and after 30 min he finally broke down and admitted it was for an Amazon project. I thanked him for his time and got up and left. He looked really defeated because he had been trying to fill this role for months.

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u/CommiePuddin Sep 29 '22

how can a business lose 150% of employees in a year lol

When I ran waffle houses that was an acceptable, if slightly high, turnover rate. Not one store was below 100%.

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u/Pretty_Dance2452 Sep 29 '22

I think this is in response to that. Many will come back for a $4/hour boost in pay.

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u/SteveDaPirate91 Sep 29 '22

I'm in Phoenix where that's happening!

It's wild to think an area this big that they've already hired/fired/or quit everyone who would qualify for it.

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u/letys_cadeyrn Sep 29 '22

but... but... growth is infinite right? how could capitalism work if it wasn't q_q

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u/themcnoisy Sep 29 '22

On a smaller scale Ive seen this with huge call centres and they end up with the least suitable staff who've come in at the tail end and the quality nosedives.

It's stupid really but warehouse work on a line is unskilled* but tough, there is natural burn out. Pushing to rotate staff is a bad long-term plan. The least suitable staff will be in Amazon right now, hating the job. Morale will be through the floor.

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u/LimpWibbler_ Sep 29 '22

Now how it worked for me. I got my base pay, got my bonus $3000 in 2 chunks $1000 for 3 months and 2k for 3 months. After 6 months got a pay raise of $3. This was 3 years ago though.

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u/InertState Sep 29 '22

What do you do now, if you can say

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u/LimpWibbler_ Sep 29 '22

I work at Amazon still. I am part time and in college. Same job just now I make around $21/hr. Although should get a raise soon for 3 years, Literally hit the mark 3 days ago.

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u/dont-comm3nt Sep 29 '22

What’s the Min wage in your state if you don’t mind

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u/LimpWibbler_ Sep 29 '22

I think $13 or something rn, but it is set to rise to $15 over the next 2 years. Haven't payed attention to current min, amazon has always been above.

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u/TheSpiderGamer Sep 29 '22

Also your social security number if you please

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u/Alpha_zebra1 Sep 29 '22

Blood type and DOB would help too

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u/LimpWibbler_ Sep 29 '22

B+ and December 13th 1993.

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u/Kershiser22 Sep 29 '22

They cut your pay after 6 months?

I guess they don't value employees who stick around.

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u/Abba_Fiskbullar Sep 29 '22

They don't want you to stick around. Amazon has burned through all of what they consider your potential human capital by the time you've hit 18 months. They really don't care. They are running out of potential workers in some areas though.

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u/conquer69 Sep 29 '22

It makes no sense. Why not keep paying the worker the same rather than hiring a new one? Is it to avoid unionization?

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u/Abba_Fiskbullar Sep 29 '22

These are relentless and fast paced jobs. There's a limited window where the average person can sustain the pace required, and they don't want you once that's passed.

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u/chahoua Sep 29 '22

You're telling me a new hire can keep up with the pace but someone who's had a year of training can not?

I've never done any type of work that I didn't get significantly more efficient at after a year compared to the first month I did the work.

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u/Majestic-capybara Sep 29 '22

That’s because you haven’t done the soul crushing work of an Amazon warehouse worker. Amazon warehouses are insanely efficient. They gain very little additional efficiency by having experienced workers. They lose efficiency by having burned out workers. So they keep workers around just long enough to still somewhat enjoy it, they even gamify the job in areas, then once you get bored with the game and your productivity begins to lag, they cut you loose and bring in a replacement.

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u/AFriendOfTheBees Sep 29 '22
  1. Experienced workers realise that they're worth a lot more than they're getting. This means they might decide to leave for a competitor like FedEx.

  2. If they don't leave, they'll realise that to get paid what they ARE worth... Their best bet is unionisation.

  3. Amazon burns through people. It physically cripples them. An average number of miles per day to walk while working in an Amazon warehouse is 10-12 miles of walking per day. Even for a fit and healthy person, that's not sustainable. If we were hunter-gatherers, we might walk half that. On a bad day, we would walk about that and do it over a period of about 12 hours. Amazon wants you to do it 5 days a week, in only 8, while pushing a heavy cart. That's not healthy. It physically fucks you up so hard that there are literal diseases that doctors now look for when you say "I'm an Amazon worker" that you normally only see in professional athletes. The only people willing to do that day in and day out are people who haven't yet built up injury after injury from the work: after 6-12 months, you are physically incapable of doing what they demand of your body. Might as well make you leave on your own so they can find a new victim's body to break on the fucking wheel.

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u/Moth_Jam Sep 29 '22

This isn’t just Amazon, it’s the Corporate 101 Playbook, and it’s why not just minimum wages, but all non-C-Suite wages remain stagnant for decades, even though profits (and profit margins) continue to break records annually. Fuck the world

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u/Scarletfapper Sep 29 '22

Oh they are fucking the world - into an early grave.

Fuck corporations and corporate culture for normalising this shit.

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u/dontcrashandburn Sep 29 '22

Employees who stick around are more knowledgeable and trained and want to be paid better. Employees that stick around build relationships with coworkers and develop, how should we say, comraderie, a collective mindset of you will. Employees that stick around care about each other not just about themselves.

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u/juggles_geese4 Sep 29 '22

People that are treated like humans rather than robots tend to work better. I’ve never been less motivated to do more than the bare minimum than working for shitty companies. Get a crew that have been with a job for several years because they were treated well tend make more of an effort to do and improve where they can.

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u/IDoCodingStuffs Sep 29 '22

It's the general attitude across corporate America, but this is just way too much on the nose. "Oh you are still here? Means you don't hate this hellhole completely, so we must be overpaying you"

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u/Joe_Jeep Sep 29 '22

Broad raises across the board, but starting pay stays the same

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u/Snakestream Sep 29 '22

Considering the burnout rate in both their warehouses and offices, doesn't really sound like they're doing much at all.

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u/Th3_Hegemon Sep 29 '22

It's something like 150% turnover annually. There was recently an article about Amazon being concerned that they would run out of people to hire in the country.

Edit: Link.

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u/modefi_ Sep 29 '22

I work for FedEx Ground and was surprised to find out our building was around that last year (knew it was bad, but not that bad).

Turns out our building also has one of the lowest turnovers in the region--many facilities are much closer to 200%.

Corporate goal for 2023 was going to be 120%, but they quickly adjusted that to 150% after they realized it was impossible. We also regularly send employees of all levels to other states to help with staffing issues.

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u/Eastern-Border Sep 29 '22

I worked for Ground and I lasted nearly two years. I started in a newly built hub with an orientation class of over 30 people. When I left there was only one person who was still employed from my class. Most people dropped within the first few months. I don't think I could ever work in that type of environment again no matter what money was being offered. I still have lower back pain from working over there.

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u/_HMCB_ Sep 29 '22

I’m in biz so it’s not like I’m naive, but there’s a real problem in this digital world.

Proper expectations aren’t being set. In the case of Amazon, price and speed of delivery is their claim to fame. Yes, you could claim their greatest asset is having everything under one roof but that doesn’t mean much if you’re not priced competitively or people can’t get stuff in adequate time. My point…

If you’re taxing or exceeding your workflow systems, that comes to a head and it’s usually workers who absorb the pain. By over-promising, you’ve created a system built on greed. Companies see profit from sales and want to keep churning it out at whatever cost. And consumers seeing a virtual marketplace as if it were tangible products on a shelf that they can just immediately walk through checkout with; the reality is that clicking Buy Now sets off a chain reaction (logistics).

If you aren’t paying workers a fair wage then expectations upstream have to be reset.

At the end of the day, it falls on a company to balance what they promise with adequate net revenue to keep the lights on and invest in their operations. Not enough of one or too much of the other—at the expense of human capital—creates an unbalance that sooner or later breaks the dam.

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u/somanyroads Sep 29 '22

At the end of the day, it falls on a company to balance what they promise with adequate net revenue to keep the lights on and invest in their operations.

Unless you unionize...then the workers get a seat at the table as well. And that's kinda critical with a massive company like Amazon: no employee will ever have any real leverage against the management, not without a horde of workers behind them.

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u/darcerin Sep 29 '22

They have the people they will never rehire, and people like me that won't work for them unless I am starving and down to nothing in my bank account. I will make sure that scenario never happens.

Eventually, they WILL run out of people to hire.

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u/DampRetina Sep 29 '22

Amazon is on the list of lifetime bans I'd like to collect.

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u/whymauri Sep 29 '22

The idea is to automate you. If the timeline to automation is less than the timeline to running out of people, they have nothing to worry about. Raises like these are cold-blooded actuarial calculus to maintain the running-out-of-people timeline beyond their projections for automation.

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u/Agreeable-Meat1 Sep 29 '22

I work in an admin position at a shipping hub for a competitor. 150% turnover is the goal for laborer positions. Ours was like 180 and that was good news.

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u/Revolvyerom Sep 29 '22

As someone who is in a union, which has clearly sold out...

You can increase the journeyman wages by whatever amount you want, to advertise for hiring...as long as your turnover and time-to-journeyman is high enough to offset the chance anyone will make it that far.

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u/Joe_Jeep Sep 29 '22

Essentially fuck all. Especially given inflation

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u/DigiQuip Sep 29 '22

Given internal reports are suggesting they’ll run out of willing applicants before too long they better figure something out. I know dozens of people who straight up quit before making it to their first paycheck. Amazon’s warehouse near me has, without question, the worst reputation of any employer. If you can convince people to go back working at Walmart you have serious fucking problem.

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u/mw9676 Sep 29 '22

Hey! They're making articles to share on Reddit at least.

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u/ForestVet Sep 29 '22

Starting is $15 with no experience; average starting wage is $19+.

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u/AftyOfTheUK Sep 29 '22

Minimum hasn't changed, but average wages have gone up.

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u/brakeled Sep 29 '22

Things other people have said + incentive for employees to stop trying to unionize. This is cheaper and can later be taken away but unions aren’t as easy to get rid of.

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u/ZippyTheWonderSnail Sep 29 '22

Before minimum wage laws, the market relied on "prevailing wages". That is, each industry set wages based on how much competition for talent there was in a region. In fact, many countries still rely on this type of wage setting system despite existing laws.

Today, prevailing wages still exist, however, they only exist when the prevailing wage for a job is higher than the minimum wage. So, Amazon sets their "minimum wage" to $15/hr, but the prevailing wage is realistically $19 - so they advertise this rate.

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u/Rattus375 Sep 29 '22

Starting wage is $15, but you make more money the longer you've been there and as you are trained for more specialized jobs. Amazon also pays based on COL for the area, so if you work in CA you start around $20 an hour, while in low COL areas like Ohio, you'll start at or near that $15 an hour (which is now $16)

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u/wrongontheinternet Sep 29 '22

$1B/yr seems like a bargain compared to how much they'll have to spend if the employees unionize... 🤔

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u/SatansLoLHelper Sep 29 '22 Silver

It's about $1000 per employee, or a 50 cent raise on $15 an hour, which just so happens in California will have min wage at 15.50, and Washington will be 15.74. That's a lot of their employees right there.

The bare minimum. But it sure does sound like they did something good.

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u/medievalrubins Sep 29 '22

That’s peanuts compared to inflation. My company handed out a 10% pay rise across the board. Don’t be distracted by the total billion, individually it’s still peanuts.

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u/reelznfeelz Sep 29 '22

Our company, a nonprofit with a 2 billion endowment and lots of dividends coming in from being owner of another company, said raises can’t be tied to inflation. When inflation was low, and they cut raises, they said it was because of inflation. Assholes.

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u/majort94 Sep 29 '22

Socialized losses

Privatized gains

Capitalist wet dream.

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u/PinkBright Sep 29 '22 edited Sep 29 '22

They’ve also made over 207 billion in profit in 2022. So the billion itself is expendable, with lots of safety net room left.

But it sure looks like a huge number if you’ve been asleep to corporate profits or have no realm of reference. Peoples reactions to amazon having to pay a billion for anything should be, “oh, boo-hoo” but especially when it’s helping the middle class. (For however long that remains)(not saying you, just the populace in general - I agree)

Edit* link I used had the wrong info and conflated revenue with profit so it’s not nearly that much see farther down

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u/Nivroeg Sep 29 '22

Some of us only got 25¢, so only $500 a year before taxes, hmm i guess than can pay for utility or 2 for a month. So it is something..

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u/yeetskeetleet Sep 29 '22

Yup, I’m an Amazon driver and they announced a couple weeks ago we were getting a 50 cent raise. What an actual joke, $20 extra a week.

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u/Notyourfathersgeek Sep 29 '22

Hopefully they’ll still unionize! For this exact reason.

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u/Independent_Pear_429 Sep 29 '22

Your boss is not your friend and never will be. They do nice stuff just to manipulate you.

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u/The_NiNTARi Sep 29 '22 All-Seeing Upvote

As a manager, not for Amazon, I do nice stuff because I care. By no means do I try to be friends with my employees but I care about them, and want them to succeed in anything they put their mind to.

Having managers in the past that I don’t feel we’re good leaders I completely understand your sentiment.

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u/HSR47 Sep 29 '22

The issue is that there are an awful lot of people in middle and upper management in most companies who buy into the incorrect notion that money spent on employee compensation is purely a cost.

The truth is that money spent on employee compensation is an investment in current and future productivity/profitability.

Management who buy into the incorrect “cost” theory will work to cut those costs in every way possible.

Management who buy into the more correct “investment” theory will generally work to ensure that good employees are consistently compensated and treated well enough that they never want to leave.

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u/Twister_5oh Sep 29 '22 edited Sep 29 '22 Silver

I agree and manage a large workforce this way. It has led to our facility having the lowest turnover in the company and we dish out senior management material pretty well relative to other buildings.

I am one of the few that got the business education first (economics+ psychology) and because of that climbed the ranks quickly and influenced change for long term stability and production. In comparison a lot of people are promoted internally and lack the business know how. An example being the easy stuff (imo) like accommodating employee personal issues rather than terming for attendance while also holding your ground when being taken advantage of (like an employee calling off sick once every two weeks). Do right by people and they will buy into what you are selling.

I'll finish this week around 30 hours and it is because I trust my managers to do the right thing because I gave them training in how to talk to people rather than to push metrics. The metrics are the product of good management and good management does not require wasted time with micromanagement.

Elevate others, and watch as the team elevates overall. The company also gladly compensates those that excel. As my bosses say, results matter, but the secret is that sustained results matter much more than surviving until next week.

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u/InfinityCircuit Sep 29 '22

The problem is without a union to keep you and the rest of the management class honest, you're just one good dude in a sea of horrible bosses. Not a great equation for those entering the workforce.

Unions are the solution. Good managers are simply nice to have.

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u/alittlebitneverhurt Sep 29 '22

I'm a union representative and can say there are definitely some really great people in management I deal with. But the majority choose to blatantly violate the contract then act like they didn't know what they were doing is wrong. Always such a pleasure to meet a manager who actually gives a shit and is willing to work with the union to solve issues.

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u/mortuusanima Sep 29 '22

Lol those manager who’ve have three members file grievance against them for violating the same article.

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u/ChattyKathysCunt Sep 29 '22

I think the saying should be "your employer isnt your friend". Your manager is basically a coworker that outranks you and they should have the same philosophy about the employer.

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u/ElonMunch Sep 29 '22 edited Sep 29 '22

I always thought my manager was decent. Then I saw him look at a pile of asbestos that was dumped and not tell anyone a thing.

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u/Ayjayz Sep 29 '22

Bosses do nice stuff because if they don't, their workers will leave and find a boss that does do nice stuff.

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u/sehnsuchtlich Sep 29 '22 edited Sep 29 '22

Even if your boss is Fred f’ing Rogers, you want a union. The ability to meet as fellow workers and determine what you’ll tolerate.

It’s democracy. It’s insurance. It’s self-respect.

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u/KingHarambeRIP Sep 29 '22

I’m a first level manager at fairly large company. I do hiring but have no say in budgeting or comp except indirectly via performance ratings I give once a year. If the staff wanted to unionize, I’d be right there with them.

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u/sehnsuchtlich Sep 29 '22 edited Sep 29 '22

I’ve been in a management position before and my approach to the workers unionizing would be very Willy Wonka.

Please. Stop. Don’t. Come back.

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u/Tyl3rt Sep 29 '22

For context Amazon profited $33 billion last year, they can afford more easily.

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u/Troggie42 Sep 29 '22

Yep, trillion dollar company spending a single billion on a smidgen of good PR in the hopes it'll keep em non-union.

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u/Hyrule_34 Sep 29 '22 edited Sep 29 '22

I like how it’s phrased as though that is a charitable thing Amazon is doing or something.

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u/SquigglySharts Sep 29 '22

The headline also framed it like they could make that money without the employees in the first place. “Company invests in its own ability to continue making profit” isn’t news

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u/jawshoeaw Sep 29 '22

It would be news worthy if it represented some significant shift in company culture … I got fooled into believing it for a second.

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u/danny12beje Sep 29 '22

1 bil is really not that much money to raise for a company WITH OVER 1.5 MILLION ENPLOYEES

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u/Specialist_Royal_449 Sep 29 '22 Wholesome

Inflation be like : yum yum I’m going to eat that right up 😋

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u/damon459 Sep 29 '22

Frankly it’s crap wages and was before the raise as well. I make better wages in a grocery store and have better benefits.

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u/[deleted] Sep 29 '22

Tops grocery store starts higher than that near me and has decent time off. Could be the fact that it's unionized, but what do I know?

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u/[deleted] Sep 29 '22

[removed] — view removed comment

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u/McMacHack Sep 29 '22

Increasing pay will add to Labor cost!

No shit! The Labor pool is finite, Employee retention cost less in the long run than constantly training and losing Employees.

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u/breaditbans Sep 29 '22

In about 150 years, Bezos will be out of money.

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u/ColoradoSpringstein Sep 29 '22

Maybe 150 modest lifetimes

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u/ShozOvr Sep 29 '22 edited Sep 29 '22

Modest? Oh no no no. If you had $1 billion dollars and spent $80k a day, it would last over 30 years.

Edit: oops I read his response as 150 years

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u/UncontrollableUrges Sep 29 '22

No, even spending 80k a day, with a reasonable interest rate of 5% you'd still be earning 21 million a year passively. It's hard to become poor for the extremely rich.

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u/iMatt42 Sep 29 '22

I’m reminded of this quote… “Turning $100 into $110 is work. Turning $100M into $110M is inevitable.” This is why at a certain point it’s very hard to fail.

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u/theeidiot Sep 29 '22

Hey, give him a break. Those penis rockets are pricey.

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u/Clay_Statue Sep 29 '22

Do you know how much it costs to detail a penis rocket? A LOT!

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u/__JDQ__ Sep 29 '22

Plus the cost of popping champagne to cut off William Shatner’s speech about the beautiful experience that is suborbital flight.

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u/ess_tee_you Sep 29 '22

If you didn't bother investing any of it, and earned 0% interest?

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u/anothergaijin Sep 29 '22

Exactly. If you spent 80k/day for 30 years you would have over $2B left over, because even at a modest 5% interest a year that billion is making $137k every day.

You need to be spending more like 200k every day to beat interest and use the whole billion in 30 years

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u/nahog99 Sep 29 '22

So let’s make that say 60 years instead to be more of a true “lifetime” and he’s got enough wealth for 200 people to spend 60 years of 40k/day spending.

Another way to think of it is in terms of a 50k/year salary.

He’s got enough wealth to spend 50k/year for 4 million years.

4 million divided by 60 years for a “lifetime” is 66,666 lifetimes.

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u/Ready-Date-8615 Sep 29 '22

Poor guy. Have we considered making his taxes negative?

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u/moobiemovie Sep 29 '22

Government subsidies and the carried interest loophole have you covered.

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u/Soupkitchn89 Sep 29 '22

Not really. All his wealth is in the valuation of giant corporations. The money doesn’t have to exist for these values to go up.

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u/Tito595 Sep 29 '22

Quarter raise at my warehouse. Thanks amazon 🙏 👍 😊

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u/Fine-Friendship-1292 Sep 29 '22 Wholesome Seal of Approval

Nice! Per 40 hr work week you have increased your monthly income by $40!!

233

u/Moody_GenX Sep 29 '22

Jesus that's depressing. I feel bad celebrating my cola increase on my VA disability.

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u/im_always_fapping Sep 29 '22

Knowing nothing but hearing of the VA, I think it's safe to assume you get one free cola every 10 ten years.

Do they at least let you choose which flavor of Fanta?

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u/yosemighty_sam Sep 29 '22

That's almost 8 gallons of gas. That's a couple days free commute to work.

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u/rolloutTheTrash Sep 29 '22

Praise the almighty! Four hours of work and you have a whole extra dollar menu cheeseburger on your check. Treat yourself.

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u/sassmo Sep 29 '22

I'm a Union member. Jan 1st I'm getting a $4.50/hr raise. And the following November my Union will negotiate another pay increase that'll become effective the next January, just like they have for over 100 years.

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u/IrishSetterPuppy Sep 29 '22

Are you listening everyone? Its almost like unions are good for workers.

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u/sassmo Sep 29 '22

Lol, I'm a Union Member, Ask Me Anything...

I'll revelle you with stories about how I'm given walking time to get to the break area, my Weingarten Rights (if I believe a conversation may result in disciplinary action I can request a Union Representative to be present before the conversation proceeds), and how if the employer asks me to stay beyond 12 hours after my original start time, they're required to provide a hot meal.

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u/getyiuhg Sep 29 '22

Same with my union. It’s great not to sweat raises, be protected. Never thought I would be in a union..no complaints!

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u/beaucephus Sep 29 '22

8 hours a day... that's two, whole dollars. Minus tax, of course.

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u/inkblot888 Sep 29 '22

Yeah. Who fucking wrote this headline? When you're sucking the value out of communities, raising the wage isn't a loss in profit. It's the fucking cost of ding business.

We don't complain that digging deeper mines means copper costs more.

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u/XavrilDragon Sep 29 '22

Raised 40 cents at my warehouse, Yay I guess?

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u/ellefemme35 Sep 29 '22

I was gonna ask how this pars out. I’ve dated worker to execs (Seattle gal here, single and utilizing apps. I don’t care which job you have as long as we have chemistry.) and the warehouse workers pay raises are minuscule to nothing, while the engineers, HR and execs get larger raises and bonus.

Pretty sure this doesn’t matter for the warehouse workers.

Just trying to figure it out.

Sorry man.

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u/harrietthugman Sep 29 '22

Just enough to sound big without actually raising wages or working conditions across the board. Monty Burns would be proud

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u/JehovahsFitness Sep 29 '22

I love that the headline mentions the “cost”. Who cares how much it costs Amazon? They can clearly afford it. Trust corporate media to go in to bat for the little guy.

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u/yiask1 Sep 29 '22

It’s not a lot. My base pay went from 15.25 to a whopping 15.75

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u/MadMadRoger Sep 29 '22

They can FO with this “shocker” headline.

1 BILLION DOLLAR WAGE DEFICIT FINALLY ADDRESSED

The corporate fear should be that they wait so long next time. They’ll bankrupt the company if they don’t keep wages at a credible level.

If they start building employee housing they have uglier ideas we should all be worried about.

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u/[deleted] Sep 29 '22

[deleted]

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u/Drakoala Sep 29 '22

It smells of corporate wankery, absolutely.

Won't someone think of how much money Amazon is spending on their works?? Yeah, fuck you, are your people being paid enough to not be impoverished? Are they comfortable at work? Balance of work and life so they're not miserable, someone-please-kill-me sacks of potatoes? Not having heart attacks on the job and just... kinda left there until the janitor sweeps them up? No? Then fuck off with this kind of "yay! Look at how this employer takes care of their workers!"

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u/Luitpold Sep 29 '22

oh my god a company worth 1.20 trillion is throwing peanuts at its employees how brave and sublime, omnipotent business practices!

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u/LAwLzaWU1A Sep 29 '22

What does this news article have to do with technology?

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u/ZIdeaMachine Sep 29 '22

Headline is disgusting. Poor Amazon dipping ever so slightly into their vast coffers to give workers 0.25 cents more.

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u/Lazy_Cellist1715 Sep 29 '22

Exactly ! Makes it sound like they are doing a favour . I am reading these kind of headlines more and more often where it creates a bias in reader’s head that these firms are doing a huge service even if they do not have to

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u/nitonitonii Sep 29 '22

Like it "costs" to the company to raise wages... They are just redistributing what the workers earn, and not nearly enough.

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u/nighthawk_something Sep 29 '22

That's why when we talk about billionaires and inequity, people need to get less hung up on absolute dollars.

You see it all the time with Musk "BuT He PAiD 8 BiLlIoN In TaXeS" yeah sure, but proportionally that's like paying a few hundred in taxes in a year to him.

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u/fireky2 Sep 29 '22

Yeah it's like having the former CEO own the second largest newspaper causes reporters to go the extra step to kiss ass more than usual.

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u/Willsmithsdignity Sep 29 '22

Some yes. Specifically those who are nearly "capped" who don't get raises anymore on the usual timeline.

The ones who are under 2 years all got $1+.

In my personal case because of where I am on the timeline I'm getting $1.40 extra for a few months and then about .35c extra after that.

Your complaints work even better with real numbers.

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u/alm_614 Sep 29 '22

This headline is terrible. As a country, we put way to much focus on cutting into corporate profit and not nearly enough on taking care of workers.

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u/Revolvyerom Sep 29 '22

Amazon's net profit in 2021?

$33.364B

So...3% of their net profit from last year? Is that even close to the tax they could have paid?

Again, that's net profit

Someone do the math and prove me wrong?

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u/ranwithoutscissors Sep 29 '22

Oh so, a drop in the bucket for them. Cool.

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u/ukstonerguy Sep 29 '22

Keep unionising folks. They are scared!!!

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u/knotshure Sep 29 '22

If anyone is looking for further proof that the media sucks the dicks of the corporations, look at this headline. You are meant to think "Wow, they are spending over a billion dollars a year extra on wages, that's soo much money! Capitalism works!"

Fuck this.

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u/A_Green_Olive Sep 29 '22

So not nearly enough, got it.

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u/seakae Sep 29 '22 Wholesome Bravo!

Billionaires convinced y’all that the money they have is theirs and wasn’t stolen from their employees and consumers.

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u/seakae Sep 29 '22

Just came to glance at all the weirdo Bezos stans with their right wing semantic dissections and small bank accounts. Anyway.

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u/Captain_Biotruth Sep 29 '22

This is a really shit title.

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u/do_u_realize Sep 29 '22

Trickle down is exactly what it says, a trickle

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u/DoctorMedical Sep 29 '22

Cancel your prime account today!

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u/SevereEducation2170 Sep 29 '22

I like how the headline is trying to make it seem like $1 billion is such a big burden and sacrifice for Amazon, a company that had $470 billion spin revenue last year and a net income of $33 billion. This is basically the least they could do to try to attract/retain some workers.

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u/DudeIMaBear Sep 29 '22 edited Sep 29 '22

No matter how good the pay gets, I would never work there again. They want you to be as robotic as possible. Your body will suffer and they will point the blame on your weak body. Life’s to short to be trapped in a box. No thanks.

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u/SingleRelationship25 Sep 29 '22

Won’t cost Amazon a penny.. they’ll just pass on the cost to us

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u/whatnameisnttaken098 Sep 29 '22

You can't expect the Season 4 of The Boys to top Herogasam without some extra money

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u/RandomNumsandLetters Sep 29 '22

That's not exactly how it works, otherwise they could just raise prices and not pay workers more?

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u/ravengenesis1 Sep 29 '22

Prime membership price increase incoming.

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u/Chicken_is_tasty Sep 29 '22

“At a cost of”

Fuck off.

Title should be “Amazon finally pressured into sharing a fraction of a percentage of it’s vast profits with the people that made those profits.”

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u/Jim-N-Tonic Sep 29 '22

It’s not what it costs that counts. It’s what they save, in tens of billions in turnover, burnout, injuries and training expenses for new people.

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u/More_Accident_2238 Sep 29 '22

What was their year on year profit again? Sounds like they can afford to raise wages.

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u/mcolston57 Sep 29 '22

20 billion would have been closer to what they need

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u/Keb8907 Sep 29 '22

In the past Amazon has openly admitted to wanting people to only be there for no more than a couple of years. They know people get burnt out doing the job because the way they treat them so they know the quality of work will go down the longer you are there. They tried things like we will help you pay for tuition under the agreement you will leave After a certain amount of time

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u/invictusb Sep 29 '22

So thousands of Amazon workers will make a billion dollars more while they are worked to the bone while the greedy bald guy will make hundereds of billions by himself as he cruises around the world in his superyacht.

Seems fair.

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u/itsagoodtime Sep 29 '22

The headline makes Amazon seem amazing! So generous Bezos. He will throw dollars out his rocket as he flies by your Amazon site.

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u/Fishtoots Sep 29 '22

At cost. Nice. “Amazon compensates employees in exchange for time and labor, still comes out way ahead.” There ya go.

And how much did they save by screwing their employees from bonus theft and overtime “miscalculations”.

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u/LimpingWhale Sep 29 '22

There’s something so wrong with the sentence “workers successfully voted for the right to be represented by a union”. Like, who the hell is to dictate my “right” to be represented by union? That just doesn’t make any sense to me but I honestly don’t know the specifics of having a union, it’s obviously pretty complex but still..

3

u/abcdefghig1 Sep 29 '22

wow just 1 billion for a 100 billion profit company? better than nothing but they are not trying compared to say Cisco

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u/JDKett Sep 29 '22

Yep, but theyll make it all back in 6 months when they lay off all the warehouse workers and replace them with that robot arm that runs 24 hours a day.

4

u/STAAAAAAALE Sep 29 '22

It ain't shit for my building! Oh you have been here for 3 years here's an extra .25 an hour!

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u/Mara-Jade-skywalker Sep 29 '22

And they make how much billions if not trillions in return?

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u/Bandicooda Sep 29 '22

tax deductible expense

This cost them nothing

4

u/sixinthedark Sep 29 '22

$.15 in some facilities

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u/oldmanbarbaroza Sep 29 '22

Why say it like that...

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u/the_dirtier_burger Sep 29 '22

Amazon pr reps working overtime in this thread lmfao.

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u/MeowMistiDawn Sep 29 '22

Wow Bezo take a .0000009% pay cut to cover this? What a hero.

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u/Stellarspace1234 Sep 29 '22

Did anyone read the article? It says average starting wage of over $19 an hour. It also says, “The company’s minimum level of $15 an hour for all hourly workers in the US remains unchanged. For jobs in Amazon’s customer fulfillment and transportation groups, the starting pay will increase to $16 an hour.”