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Amazon's War On The House Of Otto, Germany's $18 Billion Family

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101–110 of 114 posts

Re: Amazon's War On The House Of Otto, Germany's $18 Billion Family

#101
post #99
post #9

If you see how Hermes Group, an Otto owned logistics company, (sub-)subcontractors have to handle their daily work load at (often below) minimum wage pay, often with their private cars, it's hard to believe he's that serious about running a morally superior business for any other reason than getting good PR. DHL is not golden either but Hermes is just bad in every aspect. As a private customer in Germany I would try…

There is no such thing as a "minimum wage" in Germany - at least not yet.

At least not outside of a few sectors.

Re: Amazon's War On The House Of Otto, Germany's $18 Billion Family

#102

Earlier quoted context omitted.

Counterpoint: Perhaps government should enact regulation to lift the floor to prevent a race to the bottom. Amazon warehouses shouldn't become the sweatshops of tomorrow. Governments exist to protect their citizens, not their businesses.

That would work in the short term, but in the long term they are just going to get rid of the employees entirely with robots. Which is of course, far worse, and already widely done in other industries, with no one protesting them.

Why is that worse?

Re: Amazon's War On The House Of Otto, Germany's $18 Billion Family

#103
post #101
post #99

Earlier quoted context omitted.

There is no such thing as a "minimum wage" in Germany - at least not yet.

At least not outside of a few sectors.

Your're right. The logistics sector however is not among those few.

Re: Amazon's War On The House Of Otto, Germany's $18 Billion Family

#104
post #101

Earlier quoted context omitted.

At least not outside of a few sectors.

Your're right. The logistics sector however is not among those few.

Yes. It's always funny to see people clamour to minimum wages. Eg they express costs in terms of multiples of minimum wage. Or celebrate raising the minimum wage.

Hong Kong recently raised the minimum wage from 0 to a couple of dollars. (Ie introduced a new one.) Poor People didn't suddenly earn more money.

Re: Amazon's War On The House Of Otto, Germany's $18 Billion Family

#105
post #102

Earlier quoted context omitted.

That would work in the short term, but in the long term they are just going to get rid of the employees entirely with robots. Which is of course, far worse, and already widely done in other industries, with no one protesting them.

Why is that worse?

The employees wouldn't be working there if the alternatives were better. They will go to an even worse job or become unemployed.

Re: Amazon's War On The House Of Otto, Germany's $18 Billion Family

#106

What isn't mentioned in that article is that two other high profile German mail order companies ("Quelle" and "Neckermann") declared bankruptcy over the last couple of years and were mostly liquidated, because their business models had become unsustainable. Otto so far is the last of those former giants standing and probably profiting from the death of its direct competition. An acquaintance of mine actually works fo…

I ordered recently a chair from Otto and was mostly surprised that I couldn't use a credit card. Instead they send an invoice a few days after delivery.

Re: Amazon's War On The House Of Otto, Germany's $18 Billion Family

#107
post #61

Earlier quoted context omitted.

"I guess it depends on what employees are looking for in their career - to be the best they can be, or live a laid back lifestyle." You're not being the best when you burn out. You're killing yourself and your productivity with it. We have decades of research concluding that productivity falls when you're overworked. "The company (in this case, Amazon) got great results from its employee, the employee had a good expe…

>Yes, because companies shouldn't have to work their employees to the bone to extract value from them. A long time ago, we decided that it's cruel, and created labor laws. Where have you been? Who is 'we'? You're wearing clothes and using a computer and probably exclusively using products that were made in nation-states that have virtually no labor laws. Where were you when globalization happened? Regardless of moral…

My comment was about the west. It's tragic that such poor working conditions exist in developing nations. But that should not excuse western companies when they over work their employees, as the original commenter implied.

Re: Amazon's War On The House Of Otto, Germany's $18 Billion Family

#108

Earlier quoted context omitted.

What winners of the Nobel Peace Prize have been the "worst persons that have lived"?

All of the leaders of countries involved in any kind of war during their ruling would certainly meet the criteria. If Yaser Arafat and Barack Obama deserved the Nobel Peace Prize, I guess now it's time for Vladimir Putin to make the list complete?

Really? That's all the criteria for "worst persons to have ever lived"? That's a pretty low bar and seems like it would qualify pretty much every head of state ever.

Re: Amazon's War On The House Of Otto, Germany's $18 Billion Family

#109
post #94
post #58

Earlier quoted context omitted.

Oh, my argument is that corruption (by other people) causes innocent/good people to be poor, and then other people who are self-interested (at least) and potentially altruistic can help those poor people. Although generally my preferred form of helping would involve the corrupt people and some rope; much more efficient.

I think the Chinese govt. is roughly on the same page as you re rope, though I don't know how much of that is actually just a weapon to be wielded against opponents. I wonder how well that's been working at reducing corruption.

Unless it's all a shame, a lot of what the central Chinese government does seems great for China and neutral to good for everyone in the world. Most of the stupidity in China seems to come from provincial or local governments.

Re: Amazon's War On The House Of Otto, Germany's $18 Billion Family

#110
post #20
post #12

(This was nearly impossible to read on mobile) Michael Otto’s family has been as omnipresent in German postwar retail as Wal-Mart, Sears and Target have in the U.S. So what does this 70-year-old patriarch of this $18 billion clan most want to talk about? A factory in Bangladesh. With gusto he describes how he and Nobel Peace Prize- winner Muhammad Yunus hatched a plan to build a humane clothing factory, where all pro…

Corruption is more cause than effect of poverty.

Relevant Books: The Dictator's Handbook Why Nations Fail
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