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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

#221

Post by jedberg »

ars wrote: post #218
jedberg wrote: post #209

Earlier quoted context omitted.

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,…

I get it not, thanks for adding the details (it was really not clear from your earlier posts). This https://benefits.netflix.com/united-states/financial says the options currently cost 40% of the stock price, which seems very high to me.

Yeah they doubled it after I left. But in return they give everyone an automatic 5% on top of their salary.

Re: Amazon raises overtime pay for warehouse workers

#222

Post by TeMPOraL »

dahfizz wrote: post #172
TeMPOraL wrote: post #61

Earlier quoted context omitted.

> I'm not sure Amazon warehouses are in the same class as coal mines though... Essential for food security and biosafety? I'd say the same class.

That's quite a stretch. Amazon is not the sole seller of any of it's goods, and calling hand sanitizer essential for national security would not go over well...

Ask yourself again in two weeks whether it's a stretch.

Re: Amazon raises overtime pay for warehouse workers

#223

Post by kortilla »

MegaButts wrote: post #157
asdff wrote: post #136

Earlier quoted context omitted.

Any good financial manager would have went cash or established a short position. Even if you held, as long as you don't realize your losses you will be right back to pre crash levels in 2-3 years, just like in 2008 or any other recession. The wealthy have the capital to take advantage of the stock market, but are also insulated from the effects of downturns due to diversified financial investments and cash on hand. R…

> Even if you held, as long as you don't realize your losses you will be right back to pre crash levels in 2-3 years, just like in 2008 or any other recession. Japan still hasn't recovered from the 80s. At some point the economy is going to stop growing. A lot of growth is driven by debt which needs to be repaid. A lot of growth is driven by an increasing population which will eventually plateau, and what's worse you…

Japan has recovered. The Nikkei is just a piss poor index.

https://tradingeconomics.com/japan/gdp

Re: Amazon raises overtime pay for warehouse workers

#224

Post by rorykoehler »

pmorici wrote: post #11
rorykoehler wrote: post #2

Amazon workers should unionize immediately now that the virus has given them leverage.

People are getting laid off from every other job left and right I would be surprised if they have the leverage you think they do. The increase in pay for people working through this is to compensate for the perceived risk of getting sick which is different than a shortage of workers. When you have record numbers of people applying for unemployment you can certainly replace striking workers quickly and with the curren…

They aren't going fire their entire workforce now

Re: Amazon raises overtime pay for warehouse workers

#225

Post by masonic »

all_blue_chucks wrote: post #128
dehrmann wrote: post #60

Earlier quoted context omitted.

> Plain cotton masks would offer considerable benefits if everybody began wearing them in public This goes against the current WHO recommendation > If you are healthy, you only need to wear a mask if you are taking care of a person with suspected 2019-nCoV infection.

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.

But using general masks to stop a virus is like wearing a volleyball net to stop gnats. (In reality, the size disparity is far more extreme than that.)

Re: Amazon raises overtime pay for warehouse workers

#226

Post by chiefalchemist »

cobookman wrote: post #204
chiefalchemist wrote: post #160

Earlier quoted context omitted.

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.

"I can trade on margin" said no one with the rent / mortgage due.

That aside, you're missing the point. The public stock market best enriches those with the most reserves. Everyone else gets trickled on.

Re: Amazon raises overtime pay for warehouse workers

#227

Post by Klinky »

Consultant32452 wrote: post #202
Klinky wrote: post #201

Earlier quoted context omitted.

>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.

I am not a bad person, just someone who this specific issue impacts personally. I don't get to wait for hypothetical situations to occur to make difficult decisions related to this issue, I actually have to make them. Perhaps think twice before offering to undermine the valid concerns these workers have.

Re: Amazon raises overtime pay for warehouse workers

#228

Post by all_blue_chucks »

mitchty wrote: post #215
all_blue_chucks wrote: post #208

Earlier quoted context omitted.

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.

> Your position is just another that has yet to catch on to the fact of asymptomatic transmission. > Just take the time to read one. This isn't my position, its from virologists. And I'll thank you to not presume I don't already know of those sources. Those aren't relating to aerosols in the air for 3 hours. Listen to practicing virologists on the matter not me: http://www.microbe.tv/twiv/twiv-592/ And as a note, I'm…

The CDC itself says cotton masks (bandanas, scarves) help:

https://www.cdc.gov/coronavirus/2019-ncov/hcp/ppe-strategy/f...

Re: Amazon raises overtime pay for warehouse workers

#229

Post by all_blue_chucks »

masonic wrote: post #225
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.

But using general masks to stop a virus is like wearing a volleyball net to stop gnats. (In reality, the size disparity is far more extreme than that.)

Viruses live in droplets. Droplets are greatly reduced by cotton masks (that's why they feel damp after a while).

Re: Amazon raises overtime pay for warehouse workers

#230

Post by DoreenMichele »

masonic wrote: post #225
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.

But using general masks to stop a virus is like wearing a volleyball net to stop gnats. (In reality, the size disparity is far more extreme than that.)

From what I have heard, a large part of the benefit is that it actively interferes with people casually, constantly and mindlessly touching their face.

Sort of like those cones we put on the necks of dogs to control some of their behavior when they have medical stuff happening.

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