So he will fly his several private jets a dozen times less per month, to compensate? No? Thought so.
Amazon's Jeff Bezos in economy warning: 'Batten down hatches'
81–90 of 105 posts
Re: Amazon's Jeff Bezos in economy warning: 'Batten down hatches'
#82> Growth in the US has already contracted for two quarters in a row, a milestone that in many countries - though not the US - is considered a recession. this again :lol:
Any other Chief executive and they would be getting roasted and hit in the news with Recession news and articles. But the current one for some reason, has less stickiness than "the Teflon Don." Imagine Bush (shudder) or Clinton or Obama or Trump not getting roasted with Recessionary news... They all would have been at the receiving end of the bad news.
Biden hasn't done anything to cause a recession. His party has done the opposite, if anything (although that's complicated and debatable).
The Fed, on the other hand, is trying to move toward recession, or at least lower employment, by raising interest rates. They see low inflation as being preferable to high employment and rising prices.
There is no good outcome when global supply chains and investors have been shocked by a pandemic and then a major land war.
Re: Amazon's Jeff Bezos in economy warning: 'Batten down hatches'
#83Wages need to double, just like everything else has. A new house costs a million, yet some people are forced to strike to get a $3 wage increase.
By a new house do you mean "a new house on land you own", "an old house and the land it's on", or "a new house and the land it's on"?
new house on a new lot in Ontario even in smaller communities now goes for 1 million. Small lot with, a normal house, two car garage, standard obs construction.
New house will often require tons of additional finishing after purchase. With interest it's actually 2 million to pay off. While many professional people, like educational support workers are still stuck in the 50k a year pay bracket for the last decade are getting offered tiny raises in pennies
Re: Amazon's Jeff Bezos in economy warning: 'Batten down hatches'
#84Earlier quoted context omitted.
It makes you poorer and increases inequality.
If assets held by the wealthy fall in value and wages increase, that decreases inequality, and everyone is getting poorer in real terms because inflation sucks.
The fed raise interest rates, so the rich just buy bonds and lend money.. they get that sweet sweet interest.
Re: Amazon's Jeff Bezos in economy warning: 'Batten down hatches'
#85Wages need to double, just like everything else has. A new house costs a million, yet some people are forced to strike to get a $3 wage increase.
>A new house costs a million This is what you get for having a car-based society with no walkability and so much wasted space. The chickens are coming home to roost and it's time for you to pay the piper.
wouldn't you assume by spreading out it costs less to build since more land can be used for building.
the increase is actually exponentially more land...
pie r squared.
Re: Amazon's Jeff Bezos in economy warning: 'Batten down hatches'
#86Its important to note that every leader of a strong company has a financial interest in saying this, regardless of its validity. Growing companies need to "leave the hatches open" (so to speak) to, well, continue to grow; hire, attract talent, invest, raise pay, etc; which is exactly what strong companies don't want them to do. They benefit from pushing the narrative that the times are tough, from the privilege of ha…
Are you suggesting that Bezos believes growing competitors will voluntarily stop growing because he recommends they do so? I don’t buy it.
By the same account Bezos wouldn't say anything if an economic crisis is coming so their competitors wouldn't stop spending money and have less liquidity.
Re: Amazon's Jeff Bezos in economy warning: 'Batten down hatches'
#87Earlier quoted context omitted.
Wages are not rising as fast as prices unfortunately
They’re still rising faster than any investment asset class, so inequality is shrinking.
That's an interesting way to put it.
It does seem possible that a growing economy creates greater differences, as not everyone can succeed to the same degree, whereas a shrinking economy levels the playing field.
Re: Amazon's Jeff Bezos in economy warning: 'Batten down hatches'
#88Earlier quoted context omitted.
Perhaps that explains the increasingly frenetic attempts from AWS recruiters to contact me.
The person you're responding to is talking about their warehouse workers, though it's possible something similar is happening with their engineers.
Something must be going on with their engineers. People who other FAANGs wouldn’t touch with a 20ft pole can get Amazon recruiters in their inbox.
Re: Amazon's Jeff Bezos in economy warning: 'Batten down hatches'
#89Its important to note that every leader of a strong company has a financial interest in saying this, regardless of its validity. Growing companies need to "leave the hatches open" (so to speak) to, well, continue to grow; hire, attract talent, invest, raise pay, etc; which is exactly what strong companies don't want them to do. They benefit from pushing the narrative that the times are tough, from the privilege of ha…
Nothing can “grow” with this kind of inflation and federal spending.
Remember when you have 1T company you don’t think like a typical employee.
Re: Amazon's Jeff Bezos in economy warning: 'Batten down hatches'
#90Earlier quoted context omitted.
And here people are losing jobs going, yup, recession is real. Perspective is everything. If you have a job and continue to make your same salary, the recession isn't nearly the same thing to you. To know people are actively losing jobs and bitching about not become richer as fast as you were yesterday just comes across as very tone deaf.
Currently working for a US company but living abroad and getting paid in a local currency, which is getting hammered compared to the USD. This has had a weird side effect in that I've become a lot cheaper to hire recently. I was told this has made us the least likely to get laid off and we've avoided it so far. Many people I know who are getting paid in USD have been rubbing it in quite hard lately, honestly I'm happ…
For a couple of years now, I've been threatening to live abroad while still remotely working for US companies and getting paid in USD. Taking the digital nomad show international so to speak. You could move around to your advantage where the USD is strong. I have one attachment that is keeping from doing it, otherwise, I'd be typing this comment from a beach on the other side of the globe.