711–720 of 1001 posts
@dang Looks like a bug [0]. The story has been on top of the page for a while now with over 500+ votes. I believe it got merged with a new story that messed up the vote count. 0: https://imgur.com/kYztZ9T
Not a bug, just a manual kludge I did in order to share some karma with the original submitter. The submission that was at #1 before that is https://news.ycombinator.com/item?id=18120667 .
This is: - 25% PR - 25% free advertising for their openings (i.e., Amazon pays well) - 25% necessity (we're at full-employment) - and 25% ROI (they've figured less turnover and better quality employees are worth the investment) The question is: how will this effect other companies in the markets where Amazon employs a measurable number of people.
> - 25% PR - 25% free advertising for their openings (i.e., Amazon pays well) - 25% necessity (we're at full-employment) -- and 25% ROI (they've figured less turnover and better quality employees are worth the investment) On the other hand, their stock is currently down by ~$30/share (~1.5%) following the announcement.
I am amazed the commentary across the web is about Amazon's reasoning and almost no coverage of the patient organizing done by the SEIU and countless others to make $15 the minimum wage.
Then again, that silence is arguably a good thing, for it hides the fact that socialist ideas are increasingly mainstream in the heart of capital :)
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Those making $200k-$500k are the new middle class. Are you making that much but only own one house? Are your cars more than 5 years old... Ding... you're in the middle class.
I don't understand why frugality means you're middle class. I also don't understand how $200k-$500k, a very sizable income, even in the SF bay area, is magically the middle class now
The 2 br, 1 bath, 800 sq foot apartment I live in 3 years ago for $900/month would probably be $2,500 in SV. Likewise, the 1850 sq ft, 3 br, 2.5 bath house I live in now that I bought for $338k in 2015 would probably have been over $1,000,000 in SV.
$8000 means 15.3% in payroll taxes so this wage increase will result in $367.2M in additional payroll taxes.
12% federal income tax as well for that $8000 is $288M per year.
So amazon is paying $655M more in taxes with a stroke of a pen and raising wages by $2.4B for those who make near minimum wage. In terms of taxes, this is equivalent to the US adding 48,000 high paying 50k a year jobs to the economy.
Who says Amazon doesn’t pay taxes? It’s much better for the economy if companies higher more people than higher fewer and pay the equivalent in taxes.
Great job Bezos and Amazon!
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Amazon provides generous education benefits to their hourly employees: https://www.aboutamazon.com/working-at-amazon/career-choice Which is both a good thing for workers and something that makes sense for Amazon to provide. Amazon, believe it or not, doesn't actually want to hire and deal with workers who perceive themselves as perpetually and inevitably poor. They want to hire hardworking, ambitious people who want…
I'd rather see actual numbers about the flow of Amazon employees who get promoted in stead of a website with their good intentions. Apart from that: do not think that I care about the party you're on and which political person you're against. I live thousands of miles away from your country. I only care about the idea. And the idea of getting payed $7.25 in the US seems like a preposterous way of life. But I don't ha…
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and thus grew the middle class. The middle class is something we truly need to focus on growing again.
Those making $200k-$500k are the new middle class. Are you making that much but only own one house? Are your cars more than 5 years old... Ding... you're in the middle class.
It sounds to me like you've got valley-vision. Time to travel and see the world, or at least more of the country you live in.
0: https://en.wikipedia.org/wiki/Household_income_in_the_United...
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Putting myself in their shoes is exactly why I think they should be allowed to do whatever they think is best for them. What paycheck would they risk loosing if they can't find a job anyway ? Minimum wage exclude and marginalize poor people Asymmetry and inequalities are everywhere. I don't know which perfect egalitarian symmetric insert here another utopic adjective society you live in, but it's not certainly not mi…
> Minimum wage exclude and marginalize poor people The elimination of minimum wage would marginalize poor people even more . It's easy to think that the demand for labor is nearly infinite but at a super low wage. I mean, I'd gladly pay someone $2/hour to clean my house, and there are probably people desperate enough for money to buy food that they would do it. But minimum wage laws generally forbid it. But consider…
you create a race to the bottom
you end up with people willing to flip burgers or work a cash register for $2/hour
Do you think you can force business to hire at any rate ? Or does the rate needs to follow productivity and current standard of living indexes ? What if your increase this rate by 100x, what happens ?
But you'd end up absolutely tanking the median wage and standards of living
IMO, this is a genius move by AMZN - Cuts down on bad PR - Makes employees happy (while they dont get RSUs) - Make the employees genuinely skilled in operating semi-automation equipment - Make competitors bleed, because either they pay $15 per hour or face the PR wrath, while trying to catch up with AMZN in terms of automation. If you think for a moment that AMZN started replacing 90% of employees with automation, th…
AMZN is also lobbying to raise the Fed minimum wage to $15/hr
Amazon goes for the kill with it's mostly automated warehouses, cashierless and automated checkouts to make life hard for a lot of retail and warehouse competitors
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Did I say economical meant good? No, I said it's up to the government to change the requirements if it's decided that a certain pay is required to survive, and market forces won't lead to that amount. Your other two examples are quite the jump though, and not really worth commenting on.
So are you saying social services benefits should be lower? I don't get your point.
Amazon paid so little because they could. Amazon just wants profit. If people want Amazon to pay more because their wage is not a living wage, they should take it up with the government to increase minimum wage.