81–90 of 144 posts
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The definition of what something is worth is what the market will bear.
No, that is the definition of price . Worth / value is subjective.
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https://www.thebalancecareers.com/enlisted-paygrades-and-ran... says E1-E3 are for basic training and first assignment, and E4 is $25k/yr. Plus I suppose (not sure) that military has much better health insurance (and other benefits, like food and maybe housing?) than Amazon warehouse employees
I'd suspect the military jobs have substantially better job security, as well.
There is this false assumption that people are paid what they are worth. People are paid what the market will bear. $28k is about 13/hour. For places like East TN this is not a horrible wage, and you can live on it. As a comparison, an entry-level position in the military, E1, makes less even when you account for allowances.
The definition of what something is worth is what the market will bear.
>> Amazon Chief Executive Jeff Bezos received $1,681,840 in compensation in 2017, the proxy statement said, $1.6 million of which represents the cost of providing his security. Is that pretty typical for a person who is say, in the richest 5-100 people in the world to spend on security? What kind of protection does that buy?
More to the point, the $1.6M number is wholly irrelevant, an accounting detail due to the "security" issue. Bezos makes $1B-$10B/yr because he is a major shareholder in Amazon. Probably includes private air travel and some bodyguards.
There is this false assumption that people are paid what they are worth. People are paid what the market will bear. $28k is about 13/hour. For places like East TN this is not a horrible wage, and you can live on it. As a comparison, an entry-level position in the military, E1, makes less even when you account for allowances.
The first part of your comment relates to an ideological view I disagree with, but at least is a fair argument to make in advocating we go about our lives and not concern ourselves with issues of low pay -- that the market is self-correcting and best to leave it alone. And I'd argue we structure our society in the way that we think achieves the outcomes we want. A normal debate to have. But it does bother me when wor…
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That's about $30k a year. That's comfortable in areas within an hour or two of my town. I made that amount when I was in college, in the DC area, and most certainly survived just fine. Had I lived more rural in an area where entry level homes are And the banjo-playing is mostly a joke, especially in Texas. That being said, as an avid hiker, I spend a significant chunk of my time in places best labeled as "Nowhere, re…
>when I was in college Show me one person in this country with two kids who makes $14/hr and doesn't feel like they're struggling. College is easy, I survived on >Had I lived more rural in an area where entry level homes are It would've gone a bit further but certainly not 'much.' >That being said, as an avid hiker, I spend a significant chunk of my time in places best labeled as "Nowhere, really". Somehow I think ev…
Of course, a decent house in that area runs $80-100k, whereas the same house in the area I live outside of Boston would cost $400k, and you couldn't buy a property with an equivalent amount of land attached at any price in the Bay area.
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You're assuming 2 kids and 1 income earner, though. It's above minimum wage. If we say that's not enough, we should raise minimum wage. Or we should create a society where it's possible for the people currently working for $26k/yr to have a stable roadmap to much higher earnings. But I don't think Amazon alone is to blame for the problem.
Except raising the minimum wage is often met with cries that it will stifle business and prevent competition. The problem is fundamentally that labor markets can't be free markets, and the minimum wage is not a viable way to control the market distortions. The better solution is to use a basic income which allows people to not work for companies like Amazon until they can pay a better wage.
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The first part of your comment relates to an ideological view I disagree with, but at least is a fair argument to make in advocating we go about our lives and not concern ourselves with issues of low pay -- that the market is self-correcting and best to leave it alone. And I'd argue we structure our society in the way that we think achieves the outcomes we want. A normal debate to have. But it does bother me when wor…
I think the pay is fair for the military. It is an entry-level job. I used it as an example since it is how I spent the first 10 years or so of my adulthood. Becuase I got paid crap and had horrible working conditions it gave me the motivation I needed to learn how to program computers. Now I am a highly paid SWE. If I was making 100k a year enlisted I would have never had the motivation to do what I am doing now.
There is this false assumption that people are paid what they are worth. People are paid what the market will bear. $28k is about 13/hour. For places like East TN this is not a horrible wage, and you can live on it. As a comparison, an entry-level position in the military, E1, makes less even when you account for allowances.
https://www.thebalancecareers.com/enlisted-paygrades-and-ran... says E1-E3 are for basic training and first assignment, and E4 is $25k/yr. Plus I suppose (not sure) that military has much better health insurance (and other benefits, like food and maybe housing?) than Amazon warehouse employees
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A minimum wage of $7/hr in the Bay Area or NYC is useless. That won't cover transportation. $14/hr is still, basically, the same amount of more or less useless. In, to quote Ken White, "pluck-my-banjo" Texas, that's a perfectly fine and livable sum. A dollar or two raise and you can probably start saving up for a house realistically. $14/hr is kingly. Amazon warehouses are usually not in banjo-playing rural areas, bu…
Can we please end this charade of pretending a $14 wage is kingly anywhere? I mean even the whole idea of 'banjo-playing areas'? Come on. I find it really gross the way people that have good jobs and have never left urban/suburban environments typecast the rest of the country.