Earlier quoted context omitted.
Yes, hourly earning in the US is customarily gross earning (before taxes). The median rule of hourly earnings to yearly earnings is 40 hours/week and 50 weeks/year, which results in every $1/hour == $2000/year in earnings. For $15/hour, that's about $30,000. For a single person in California, without dependents and claiming themselves for one exemption, it would be 4,264.50 (14.22%) in Federal taxes and 579.35 (1.93%…
50 weeks a year? That is only 2 weeks off!
Amazon Warehouse Workers Lose Bonuses, Stock Awards for Raises
211–220 of 245 posts
Re: Amazon Warehouse Workers Lose Bonuses, Stock Awards for Raises
#212Earlier quoted context omitted.
Who cares? If it benefits more people then what difference does it make as to why it was done?
Because it might not actually benefit more people? The posted article is about warehouse workers losing bonuses and stock, which would negatively affect anyone already over $15/hour (which happens to be quite a few who have multi-year tenures). This change has long-term repercussions in total current and future jobs offered, within Amazon, its competitors, and the wider labor market with govt influence. Is is not wor…
People always act like the sky is falling. Minimum wages were higher in terms of actual value many years ago and the world didn't end then and it won't end now.
Re: Amazon Warehouse Workers Lose Bonuses, Stock Awards for Raises
#213Earlier quoted context omitted.
Why should the union decide who gets raises, rather than the manager whose job it is to monitor and grade the performance of his employees?
If the management gets to decide who gets raises, why wouldn't they give it to themselves. You've never seen companies do layoffs right before the end of the quarter so management can get raises, and then immediately go on a hiring spree when the new quarter starts so they can get the work done again?
Re: Amazon Warehouse Workers Lose Bonuses, Stock Awards for Raises
#214Earlier quoted context omitted.
Who cares? If it benefits more people then what difference does it make as to why it was done?
Does it really benefit more people though? Walmart and Amazon are prime examples of centralizing forces that slurp up wealth into urban areas and increase wealth inequality. Sure minimum wage goes up, but at the cost of more money leaving circulation in rural economies. It’s a non-trivial topic.
Why should I care about a dying small town in the rust belt?
Re: Amazon Warehouse Workers Lose Bonuses, Stock Awards for Raises
#215This will help with recruitment, but the sentiment that new workers will essentially get paid the same as older workers is going to immediately be a big sticking point. From watching the Boeing union strikes over many years, I get the sense that once a labor force unionizes they setup their own structure for pay and get that signed off -- where they have seniority and things like that. But it also means the company b…
Re: Amazon Warehouse Workers Lose Bonuses, Stock Awards for Raises
#216Earlier quoted context omitted.
the power of a union is the ability of its workers to withhold labor. this would make unions ineffective and I'm not sure what the upside is other than an aversion to monopolies.
The actual true power of unions is to restrict entry to the trade. A union that is adversarial to employers may achieve some insignificant pay increases. But the only truly successful unions when it comes to improving pay and working conditions have exclusively done so through limiting entry to the profession, think the AMA, ALPA, Bar Associations.
Re: Amazon Warehouse Workers Lose Bonuses, Stock Awards for Raises
#217I’ve always thought the answer to the union “problem” was easy: multiple unions. Mandate that no more than, say, 30% of the workforce may be part of a single union, then let them fight it out. Monopolies suck both when it comes to corporations and the workforce. In my experience corruption sinks in on both sides when people can get away with putting in place policies to protect the status quo. When there are multiple…
"I support unions, but only when a non-plurality of employees can join them and they aren't allowed to work together" is an anti-union position.
Re: Amazon Warehouse Workers Lose Bonuses, Stock Awards for Raises
#218Earlier quoted context omitted.
I guess to me it just seems especially perverse, because the union is supposed to be working in the interest of the worker. The worker even pays the union. Yet sinking the company is not in the interest of the worker. Corporations can sink themselves because they are granted self-determination. That's sort of fundamental, sans bailouts. That said, I would be happy if we could tweak incentives to shift focus away from…
>Yet sinking the company is not in the interest of the worker. It's not necessarily a big deal. The workers can just go and get another job. It's the owners who are really crying. It's not especially perverse for unions to be indifferent to the risk of sinking the company if the people they represent hold no stake in it. Especially since the threats that this will happen from the owners will be overblown.
If that were true, we wouldn't need unions in the first place.
Re: Amazon Warehouse Workers Lose Bonuses, Stock Awards for Raises
#219Earlier quoted context omitted.
The actual true power of unions is to restrict entry to the trade. A union that is adversarial to employers may achieve some insignificant pay increases. But the only truly successful unions when it comes to improving pay and working conditions have exclusively done so through limiting entry to the profession, think the AMA, ALPA, Bar Associations.
I appreciate that you believe that, but that's simply not based in any historical fact. The height of the AFL, IWW, etc. in terms of power was when their power to strike, especially wildcat strike, was the highest. At that time unions had more twice the membership amongst working people than they do now. Hardly a sign of unions winning because they keep workers out (racism aside).
Re: Amazon Warehouse Workers Lose Bonuses, Stock Awards for Raises
#220Earlier quoted context omitted.
>Yet sinking the company is not in the interest of the worker. It's not necessarily a big deal. The workers can just go and get another job. It's the owners who are really crying. It's not especially perverse for unions to be indifferent to the risk of sinking the company if the people they represent hold no stake in it. Especially since the threats that this will happen from the owners will be overblown.
What world do you live in where losing your job is "not a big deal," and anyone "can just go and get another job?" If that were true, we wouldn't need unions in the first place.
The company going out of business is a problem for the employees and is obviously a risk, it's just not a big and existential risk like it is for the owners.