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Amazon raises overtime pay for warehouse workers

reuters.com

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Re: Amazon raises overtime pay for warehouse workers

#201

Post by Klinky »

Consultant32452 wrote: post #200
Klinky wrote: post #196

Earlier quoted context omitted.

Again, why you don't you go sign up for the labor-intensive warehouse and delivery work, with significant risk of contracting COVID-19 while having poor health coverage and no sick leave, along with people demanding that you should absolutely be forced to work those conditions? Please, go volunteer your time, you seem to so apt to make other people's jobs mandatory, and oddly they are jobs you don't seem to want to d…

What part of the market is still working do you not understand? Amazon is raising wages and attracting more workers. I want this to happen. I'm happy the workers are getting relief in the form of more coworkers to help cover shifts and higher wages. If a new factory opened up in my town making ventilators and there was a critical labor shortage with no available workers, I would show up for that too. In this hypothet…

>I'm happy the workers are getting relief in the form of more coworkers to help cover shifts and higher wages.

How do you know this? Did you apply, and they said your help was not needed at this time? Is your name on file, will they call you back if there is an opening?

Have you called all local charities in your area and offered to volunteer your time for free?

You're waiting for magical strikes and magical ventilator companies to show up, yet you are eager to volunteer other's time, while coming up empty on actually volunteering your own.

Re: Amazon raises overtime pay for warehouse workers

#202

Post by Consultant32452 »

Klinky wrote: post #201
Consultant32452 wrote: post #200

Earlier quoted context omitted.

What part of the market is still working do you not understand? Amazon is raising wages and attracting more workers. I want this to happen. I'm happy the workers are getting relief in the form of more coworkers to help cover shifts and higher wages. If a new factory opened up in my town making ventilators and there was a critical labor shortage with no available workers, I would show up for that too. In this hypothet…

>I'm happy the workers are getting relief in the form of more coworkers to help cover shifts and higher wages. How do you know this? Did you apply, and they said your help was not needed at this time? Is your name on file, will they call you back if there is an opening? Have you called all local charities in your area and offered to volunteer your time for free? You're waiting for magical strikes and magical ventilat…

Imagining you know what I have or haven't done in my community to help the needy is a critical thinking error. Attributing bad motivations to me unjustly doesn't just make you wrong, it makes you a bad person.

Re: Amazon raises overtime pay for warehouse workers

#203

Post by freehunter »

pjscott wrote: post #34
mulm wrote: post #16

One of the Danish consumer NGOs called tænk recently tested the security of things bought off amazon, wish and other online retailers. More than half of the smoke alarms bought on amazon didn’t work. Around half of the baby toys didn’t meet choking hazard safety. Not sure why anyone still buys things from there. Or anywhere online really, all the other retailers failed as well.

When I buy something from Amazon, typically what I get is exactly what I expected, at a good price, with quick delivery. I bought socks from my preferred brand and got them. I bought a pair of trail running shoes that someone recommended, and they're excellent -- I wore them just yesterday to run on trails. I bought AA batteries and got AA batteries. And so on. This, for me, is the standard Amazon experience. Why wou…

I've had this attitude in the past as well. I never believed people who said they got counterfeit items on Amazon, or blamed them for buying off-brand items. Until one day I got a counterfeit SanDisk SD card. Sold by SanDisk, shipped by Amazon, straight from SanDisk's merchant page. Then I got a counterfeit Swiss Gear backpack. A Xbox controller I bought from Microsoft, shipped from Amazon, and inside the package was a no-brand Xbox controller. It worked, but I paid for name brand and got an obvious knock-off.

You can keep blaming others like I used to do, but someday it might happen to you just like it happened to me. There is a very obvious problem at Amazon and you literally cannot be careful enough to avoid it. At some point, it will happen to you. I hope it's not something where safety is critical, like a smoke alarm. You might not get a chance to leave a negative review.

Re: Amazon raises overtime pay for warehouse workers

#204

Post by cobookman »

chiefalchemist wrote: post #160
kortilla wrote: post #133

Earlier quoted context omitted.

40% of the wealth in the stock market was wiped out over the last few weeks which drastically impacts the upper middle class and rich the most. Negative returns on capital do not promote wealth inequality.

Yes. But that's simply in the short term. A good number of these people have reserves that allow them to buy back in. In the short term, the middle to the bottom lose as well. But since they can't buy back in their piece of the pie falls into the hands of those that can. Like 2007/2008 this will ultimately result in a massive transfer from the Have-less to the Have-more. For example, small businesses will close and A…

they can trade on margin. Making use of low interest rates.

So when the market recovers, which it will. They can see greater gains.

with fed interest rate at 0%. I’m sure the 0.01% can get incredibly favorable loans against their assets to double down.

Re: Amazon raises overtime pay for warehouse workers

#205

Post by jedberg »

tomerico wrote: post #192
mhb wrote: post #93

Earlier quoted context omitted.

Why is it better to get some stock instead of its cash equivalent which could be used to buy stock?

If they provide it to you on a vesting schedule like other companies do, you gain time in market - i.e. you also gain the stock appreciation until they are vested.

No vesting. You purchased the options monthly based on the current price, and they were immediately vested and good for 10 years, whether or not you were employed with the company.

Re: Amazon raises overtime pay for warehouse workers

#206

Post by ars »

jedberg wrote: post #187
TomVDB wrote: post #169

Earlier quoted context omitted.

the option price was 20% of the stock price. 20% off the stock price?

No of. If the stock was at $100 that month, we paid $20.

> If the stock was at $100 that month, we paid $20.

and

> So it had to go up 20% to break even. But if it went up 40% you doubled your money.

Are contradictory. If you paid 20% of the stock prices you made money instantly, you made a TON of money actually.

Re: Amazon raises overtime pay for warehouse workers

#207

Post by mitchty »

1337biz wrote: post #199
all_blue_chucks wrote: post #128

Earlier quoted context omitted.

The "masks don't help" campaign is well-intended disinformation aimed at preserving medical masks for medical practitioners. It is now proven that people with no symptoms spread the virus. Breathing virus into a cotton sheet is obviously safer than breathing on other people, despite being far from perfect.

I believe this 100% to be true. Considering that under certain conditions the virus can stay in the air for up to 3 hours, masks definitely are helpful.

> I believe this 100% to be true.

Based on what evidence exactly?

> Considering that under certain conditions the virus can stay in the air for up to 3 hours, masks definitely are helpful.

Those conditions being using a Goldberg Drum designed to keep aerosols that can't stay airborne for as long as possible? If yes then yeah sure this virus can survive in the air for 3 hours, but that isn't normal reality. It can't stay aloft that long, it will hit a surface.

Goldberg Drum: https://academic.oup.com/aje/article-abstract/68/1/85/188529...

You really only need the mask if you're going out and symptomatic. Even then, as noted, leave the masks for the people that are encountering sick people daily. They need them way more than you do walking around buying groceries.

Re: Amazon raises overtime pay for warehouse workers

#208

Post by all_blue_chucks »

mitchty wrote: post #207
1337biz wrote: post #199

Earlier quoted context omitted.

I believe this 100% to be true. Considering that under certain conditions the virus can stay in the air for up to 3 hours, masks definitely are helpful.

> I believe this 100% to be true. Based on what evidence exactly? > Considering that under certain conditions the virus can stay in the air for up to 3 hours, masks definitely are helpful. Those conditions being using a Goldberg Drum designed to keep aerosols that can't stay airborne for as long as possible? If yes then yeah sure this virus can survive in the air for 3 hours, but that isn't normal reality. It can't s…

Your position is just another that has yet to catch on to the fact of asymptomatic transmission. There are countless sources indicating this is happening. Just take the time to read one.

Re: Amazon raises overtime pay for warehouse workers

#209

Post by jedberg »

ars wrote: post #206
jedberg wrote: post #187

Earlier quoted context omitted.

No of. If the stock was at $100 that month, we paid $20.

> If the stock was at $100 that month, we paid $20. and > So it had to go up 20% to break even. But if it went up 40% you doubled your money. Are contradictory. If you paid 20% of the stock prices you made money instantly, you made a TON of money actually.

The stock is at $100. I purchase the option to buy it in the future at $100. I pay $20 for this option. I'm currently $20 in the hole, because I paid $20 for the option and got nothing.

In the future, when the stock is at $120, I exercise the option and buy the stock for $100 with money borrowed from ETrade, and then sell it for $120. I've spent a total of $20, and gained $20 from the sale after paying back the loan, and am thus even.

In the farther future, when the stock is at $140, I exercise my option and pay $100 for the share with borrowed money. I've paid a total of $20 and I get $40 after paying back the loan. I'm $20 ahead.

Since I paid $20 out of my salary for the option, when it went up 20% I broke even, when it went up 40% I doubled my money.

Re: Amazon raises overtime pay for warehouse workers

#210

Post by decebalus1 »

wilma5 wrote: post #179
decebalus1 wrote: post #99

Earlier quoted context omitted.

Wow.. such bubble, much removed from reality. 78% of Americans live paycheck to paycheck. And spoiler alert: it's not because of buying iphones! Yeah, fuck these people for not having proper financial education and a savings account.

All the paycheck to paycheck people I know are literally taking out loans to buy $2.5k MacBooks which they mistreat and break within a year only to buy another one.. They go through $1k iPhones and Samsung phones every couple of months due to cracked screens and have new car loans of $650 per month which they completely trash.

You created a new account just to share with us that you congregate with irresponsible people? You are aware that the world spans far wider than the circle of people you know, right? And that they're not representative of the working class of this country, right?
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