491–500 of 1001 posts
Ford's quote from the time is relevant today: “The owner, the employees, and the buying public are all one and the same, and unless an industry can so manage itself as to keep wages high and prices low it destroys itself, for otherwise it limits the number of its customers. One’s own employees ought to be one’s own best customers.”
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Yes. All of their warehouse workers are employees of Integrity Staffing, not Amazon. Presumably Amazon is directing Integrity to bump up its wage.
This is simply 100% false. What do you think the 500,000 employees of Amazon are doing if not working in a warehouse? They're not programming.
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I think the answer is that full employment is increasingly not necessary to keep the economy running in this increasingly automated economy.
But how come low wages do not impact negatively the domestic consumption, which is an important part of the GDP?
I don't even want to get into the real debt traps targeted at the least fortunate among us like payday/title loans, buy-here-pay-here car dealerships, etc.
>In addition, the company also pledges its public policy team will lobby for an increase to the federal minimum wage from $7.25 — it doesn’t identify a specific wage that it’s targeting, but instead says, “We believe $7.25 is too low. We would look to Congress to decide the parameters of a new, higher federal minimum wage.” I'm going to take a wild guess and assume it will be $15/hour. That way they'll get to look pr…
Wow, does the top comment always have to be cynical? This is exactly what everyone wanted Amazon to do. Maybe it's time to suck it up and give praise where praise is due? There are also benefits to paying more salary than your competitors (no hiring shortages, best employees, low turnover, etc), so I'm not going to blindly accept that it's now in Amazon's interest to drag the rest of the industry along with them. But…
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If you're willing to shame a company for behavior you don't like, I think you should be prepared to give praise when they do exactly what you just asked for. When you constantly move the goal posts just so that you never have to abandon your righteous anger for even one day, what kind of incentive does that give companies to change their behavior?
... FFS -- it was shaming of amazon's pay rate for their employees that caused the change in behavior in the first place. I think it is rational to look at what and why actions were taken. Do you believe that the raise of the minimum wage at Amazon was out of good nature? Was it a decision to mitigate brand perception costs against labor costs after a bunch of national stories reported that they were paying so little…
Which is why a tory chancellor wanted a higher minimum wage - to cut the social security bill
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Wow, does the top comment always have to be cynical? This is exactly what everyone wanted Amazon to do. Maybe it's time to suck it up and give praise where praise is due? There are also benefits to paying more salary than your competitors (no hiring shortages, best employees, low turnover, etc), so I'm not going to blindly accept that it's now in Amazon's interest to drag the rest of the industry along with them. But…
When the topic in question is how one of the most powerful companies on Earth chooses to use its power we should strive to always be this cynical. Skepticism of concentrated power is the ur-American political belief. We seem to have forgotten that lately.
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The modern world was built by corporations. Access to clean water, cheap and healthy food, energy, infrastructure. Yes taxes fund a lot of it but it is corporations that largely do the work at least in the US. Being for-profit is a good thing on the whole because that enables the corporation to continue solving problems for more people. Obviously there is a dark side too. The pursuit of profit left uncheck leads to h…
> Access to clean water, cheap and healthy food, energy, infrastructure. Clean water access? Paid for my government. Cheap and healthy food? Government subsidies. Energy? Government funds majority of research. Infrastructure was mostly inlaid by Government implemented New Deal/other job creation programs. Corporations had little to no involvement in 'doing the work' here. Access to cheap/healthy food was before corpo…
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When the topic in question is how one of the most powerful companies on Earth chooses to use its power we should strive to always be this cynical. Skepticism of concentrated power is the ur-American political belief. We seem to have forgotten that lately.
If you're willing to shame a company for behavior you don't like, I think you should be prepared to give praise when they do exactly what you just asked for. When you constantly move the goal posts just so that you never have to abandon your righteous anger for even one day, what kind of incentive does that give companies to change their behavior?
That certainly bucks the trend and is praiseworthy.