When Sears Flourished, So Did Workers. At Amazon, It’s More Complicated
1–10 of 149 posts
Re: When Sears Flourished, So Did Workers. At Amazon, It’s More Complicated
#2Right, cause stuff is cheaper at Amazon.
Re: When Sears Flourished, So Did Workers. At Amazon, It’s More Complicated
#3And look how that worked out for them?
Re: When Sears Flourished, So Did Workers. At Amazon, It’s More Complicated
#4If you're making 30k / year, having any kind of equity in lieu of traditional compensation (bonuses, wage increases) is an extremely risky affair. Amazon's stock has increased x6, but that is not normal, nor is it indicative of future performance. For those living paycheck to paycheck, there are far better methods of compensation that will ensure a higher quality of life without huge amounts of risk. An increase of just $1-2 per hour would easily make up the difference.
White collar workers can absorb the risk in the case of a market downturn, but I'm not sure that blue collar workers can.
Re: When Sears Flourished, So Did Workers. At Amazon, It’s More Complicated
#5The sears salesmen directly drove revenue. He was being incentivized to increase revenue. The warehouse worker is not directly driving revenue at Amazon. The developers do...and they are being incentived to keep doing so.
The world changed, business stayed the same.
Re: When Sears Flourished, So Did Workers. At Amazon, It’s More Complicated
#6An interesting exercise in what Bezos could do about this if he wanted to: https://direkris.itch.io/you-are-jeff-bezos
HN discussion: https://news.ycombinator.com/item?id=18276937
Re: When Sears Flourished, So Did Workers. At Amazon, It’s More Complicated
#7I'm hoping Amazon goes public soon.
Re: When Sears Flourished, So Did Workers. At Amazon, It’s More Complicated
#8The sears salesmen directly drove revenue. He was being incentivized to increase revenue. The warehouse worker is not directly driving revenue at Amazon. The developers do...and they are being incentived to keep doing so. The world changed, business stayed the same.
[deleted]
Re: When Sears Flourished, So Did Workers. At Amazon, It’s More Complicated
#9I'm hoping Amazon goes public soon.
It's already public. Ticker symbol AMZN.
Re: When Sears Flourished, So Did Workers. At Amazon, It’s More Complicated
#10I'm hoping Amazon goes public soon.
AMaZiNg