Earlier quoted context omitted.
You can both be right. It’s great that they made this move after much criticism, prodding and foot dragging, but... this reaction can also be calculated so that not only they have to carry this load alone but spread it to competitors. In other words AMZN is willing to do it, but they don’t want to be the only ones “burdened” unlike Costco who did it out of concern and perhaps principle (and competitive advantage by e…
Seems like a ridiculous risk to take given it is reliant on the US government that is unequivocally pro-business right now and will be until at least 2020.
Amazon raises minimum wage to $15 for all US employees
551–560 of 1001 posts
Re: Amazon raises minimum wage to $15 for all US employees
#552Earlier quoted context omitted.
Corporations do not deserve praise for doing the right thing. They are not people, with feelings, who respond to emotional stimuli in the form of positive reinforcement. They are businesses that respond to the market (indeed, their legal duty is to maximize profits). In markets, negative pressure works. Asking nicely does not.
> their legal duty is to maximize profits I am not nit-picking, asking in good faith: is that enacted into a law ? Or is that part of a contract between shareholders and the board of executives ? I have heard about that walmart competitor run like a family business and that gives every employees a voice (a cooperative ?).
Re: Amazon raises minimum wage to $15 for all US employees
#553Earlier quoted context omitted.
That's a nice story, but it's just that. Alternatively, all the minimum wage workers will have more expendable income. Some of that may be spent at those brick-and-mortar shops, and will offset the additional costs. Remember that the velocity of money makes it a non-zero-sum game. EDIT: Ends up that Wikipedia covers this nicely: https://en.wikipedia.org/wiki/Minimum_wage_in_the_United_Sta... "The interconnection of p…
Or they spend their extra money at Amazon because prices are lower. Or you are right and it helps brick and mortar in the handful of cities with Amazon warehouses, but hurts everywhere else. Worst case for Amazon is they maintain status quo by forcing competitors cost up. Best case for Amazon is that they drive some of their competition out of business, or take some of that business because super giant Amazon is bett…
Re: Amazon raises minimum wage to $15 for all US employees
#554Earlier quoted context omitted.
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?
Re: Amazon raises minimum wage to $15 for all US employees
#555Earlier quoted context omitted.
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?
Re: Amazon raises minimum wage to $15 for all US employees
#556Earlier quoted context omitted.
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…
> This is exactly what everyone wanted Amazon to do You really need to get out of your bubble. A lot of us who understand economics genuinely think minimum wages hurt the poor, and think this can bring a lot of unemployment.
Re: Amazon raises minimum wage to $15 for all US employees
#557Earlier quoted context omitted.
> In the process, they're actually paying real people more money Except the OP was talking specifically about the company's plan to lobby. Yes, they're actually paying people more money, but if everyone has that same amount of money then you get wage push inflation. Then everyone loses. This is also why minimum wage discussions always spiral out of control...there really is no good long term solution for setting mini…
It's all relative. If minimum wage workers get their income doubled, but my income does not double, then they are doing better relative to me than they were before. And I do not expect my salary to double upon passing of such legislation.
Re: Amazon raises minimum wage to $15 for all US employees
#558Earlier quoted context omitted.
Would you be able to give up your paycheck, knowing that if you don't have another by next week you would literally be homeless? With no savings, no healthcare, no "fallback", no help, nothing. Sit down, and really decide if you would be able to quit your fulltime job that is giving you about $100 a week after taxes, and have to decide how to make that $100 last paycheck last until you find another job? Maybe you'll…
> Would you be able to give up your paycheck, knowing that if you don't have another by next week you would literally be homeless? Nope. This idea gets bandied about all the time. How is missing a paycheck for 1 week going to result in homelessness?
Re: Amazon raises minimum wage to $15 for all US employees
#559Re: Amazon raises minimum wage to $15 for all US employees
#560Earlier quoted context omitted.
> because it was hard to unionize a workplace where people didn't stick around for a whole year on average. That's why you want inter-professional union.
How would that end up working? I think few people think of themselves as "call center professionals" because they end up in some other job, but maybe I'm misunderstanding your suggestion.
Of course that system has been built over decades and the way it operates and negotiations are handled can vastly differ between neighboring countries (think France which is more confrontational at first and Germany where unions are more integrated into the process) (plus, unions have different political outlooks, so it's not one size fits all).
In countries with a strong social net unions use their affiliate's entrance fees to guarantee they are paid for striked days. Also some countries have laws that forbid employers to punish strikers (granted they announce in time they are going on a strike). Some sectors (medical, police, etc.) have some restrictions on that "right to strike".
That's just a really short resume, though and I don't know if such a thing could be possible in the USA.