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Earlier quoted context omitted.
Their claim is that everyone affected by this is getting a net raise. Do you have evidence to the contrary?
I don't think they said "everyone".
From the article:
> “Again, all hourly operations and customer service employees will see an increase in their base pay, as well as in their total compensation,” Amazon SVP Jay Carney said in the letter, obtained by the Jeff Bezos-owned Washington Post.
I'm going to assume a lot of these warehouse workers would rather have more money in there pay packet now then a share or two which need years to vest with an unknown value.
*Robots will be able to do the jobs for $15 hour sooner than they'll be able to for $7 an hour. The math will accelerate the move to automation.
I can understand some of the frustration, especially for those making just shy of $15 before the raise, but even if the raise is only from $14 to $15, that still is around $2,000/yr (assuming 40 hour work week) that is guaranteed the way a bonus generally isn't. I would almost always prefer a raise over a one-time bonus for that exact reason. In my experiences, I can't always count on my company giving me a yearly bo…
Earlier quoted context omitted.
According to the article: "Those making, say, $14 an hour prior to the increase may only receive a $1 raise, which fails to make up for the loss of benefits."
And the Amazon statement in the article says "more than compensates for the phase out of incentive pay and future RSU grants." The conflict is probably due to the fact that RSU grants were very lucrative over the last few years. If you assume that the stock is going to quadruple in the next 3 years, then yes, a RSU bonus is probably better than a raise, but I don't think Amazon will be a 4 trillion dollar company in…
The conflict is probably due to the fact that Amazon publicly and loudly announced the raises alone in response to political pressure, to pretend they were giving people the same deal but with higher hourly wage, and the the benefit cuts became known later and separately. It would be a conflict even if there was no question that everyone was getting at least a small net raise, because even if that is true everyone is also getting a smaller net raise than Amazon tried to get public credit for. Being caught in a lie, including a lie of omission, by people concerned with the issue about which you are being deceptive, produces (or exacerbates) conflict.
I can understand some of the frustration, especially for those making just shy of $15 before the raise, but even if the raise is only from $14 to $15, that still is around $2,000/yr (assuming 40 hour work week) that is guaranteed the way a bonus generally isn't. I would almost always prefer a raise over a one-time bonus for that exact reason. In my experiences, I can't always count on my company giving me a yearly bo…
The media then changes focus to those that feel slighted by their loss in bonus. They stop focusing on the people who are now happy and keep focusing on the small percentage of people who are unhappy, and seem to revel in creating a narrative where Amazon is STILL doing something wrong.
This is the fake news culture that is driving people like me away from actually believing the news.
This sort of hand wringing seems like a distraction from the likelihood that Amazon has moved up the date* in which these jobs will be eliminated. Whether employees are netting out the same or not is going to be moot. If it's similar though then that really doesn't seem like a good deal longer term. *Robots will be able to do the jobs for $15 hour sooner than they'll be able to for $7 an hour. The math will accelerat…
At this point, the jobs that are still done by humans are jobs that require judgment and intuition. Those things are very, very difficult to emulate in software, unlike repetitive motions and data lookups.
I can understand some of the frustration, especially for those making just shy of $15 before the raise, but even if the raise is only from $14 to $15, that still is around $2,000/yr (assuming 40 hour work week) that is guaranteed the way a bonus generally isn't. I would almost always prefer a raise over a one-time bonus for that exact reason. In my experiences, I can't always count on my company giving me a yearly bo…
This is also good for workers in that most compensation conversations in my experience (professional agency recruiter for 2 years now), start with the employer asking "how much did you make in your last role"