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Leaked Amazon memo warns the company is running out of people to hire

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Re: Leaked Amazon memo warns the company is running out of people to hire

#242

I think this article might bury the lede a bit: >Walmart is offering some workers with past warehouse experience as much as $25 an hour. An Amazon executive told Reuters in late 2021 that the company was bumping the average starting wage for new hires in the US to more than $18 an hour, attributing the decision to intense competition among employers. People used to work for Amazon warehouses in the 2010s because $15/…

> It's funny to see this dynamic at a time when the federal minimum wage is still stuck at $7.25/hr.

Why? It just sounds to me that the federal minimum is age isn’t needed; employers will set the wages necessary to attract the employees that they need and are willing to pay for.

Re: Leaked Amazon memo warns the company is running out of people to hire

#243
post #102

The Fed is about to induce 3 years worth of rising unemployment by their own estimates, so the days of workers not needing to take crap jobs out of desperation will soon be at an end. https://qz.com/2178359/the-fed-predicts-3-years-of-rising-un...

Those idiots! Everyone and their mother knew that printing money since 2008 was going to blow up one day. Technology and unsubstantiated sectors allowed them to print without repercussions for a while and the administration and them also tried to fool people into believing the inflation was transitory... Reckless idiots. And now wage labor is the one to suffer most. 4TT in spending for BBB? Uhhuh! Even Yellen said it…

> 4TT in spending for BBB

Over ten years.

Re: Leaked Amazon memo warns the company is running out of people to hire

#244
post #119

I would not work for Amazon unless my life depended on it (and even then I would have to think twice) but I have to say (reluctantly) that as a customer, both retail and AWS, I absolutely love them. The power that Amazon is acquiring scares the hell out of me, but at the same time, when I need to buy some random thing, no one else even comes close in terms of convenience and reliability. Sometimes I will make an effo…

You should try walmart.com for ordering... they stepped up their game... it's not uncommon for them to do 3 deliveries for a $35 order with free shipping to get you the stuff as fast as possible... Most of the time I wish they would combine items to avoid the waste but that's what they do.

Re: Leaked Amazon memo warns the company is running out of people to hire

#245
post #231

Earlier quoted context omitted.

Shows that a true minimum wage is not something the government can mandate. There is a natural minimum wage that the market determines. It depends on (at least) the nature of the work and the supply of potential employees. For warehouse work, it's apparently over 2x what the government says it should be.

The natural minimum wage that the market determines (absent all regulations) is $0 per hour and is called slavery. Enlightened people have moved passed the idea that the “market” alone should determine the minimum wage.

Exactly. Ever heard of scrip[0]? We have historical proof that companies won't even pay their employees with real money unless the government mandates that they do so.

0. https://en.wikipedia.org/wiki/Scrip#Company_scrip

Re: Leaked Amazon memo warns the company is running out of people to hire

#246
post #124

Earlier quoted context omitted.

It's not the money supply. It's a supply side problem due to Corona shutdowns. All the Fed is about to do is induce a bunch of unemployment.

They primed the pump, stimulated the economy, people had a bunch of money to spend, no where to put it. But aside from that, we're seeing MFGs tell their suppliers to slow their parts deliveries as demand is cooling. Their hands are in this. Corona has a role too, but so does the Fed and the admin. If instead of Biden and it were the Repubs, or, god forbid, Trump, imagine the headlines and finger pointing. we'd be ge…

[deleted]

Re: Leaked Amazon memo warns the company is running out of people to hire

#247

Earlier quoted context omitted.

While the comment you're replying to is wrong, these empirical studies are ridiculous. Every price has some elasticity, but the fact is that if a worker earns an employer $8 an hour in revenue, they're not going to pay that worker $9 an hour, and if the minimum wage was greater than $8 an hour, then that worker would be out of a job, thus making $0 an hour. The studies about the price elasticity of labor also don't b…

> Being unemployed is not better than making a low wage. You're presuming it's a binary choice; consider the systemic effect might not make it a binary choice. Let's accept that it is a binary choice, then no, it's not necessarily better to be making a low wage, because that presumes a value for your time that is effectively zero. In truth, with your own time, you can find ways to feed yourself, provide yourself with…

> with your own time, you can find ways to feed yourself, provide yourself with shelter, etc.

You still have the option to quit your job if you're employed and don't find it worth your while.

> strategically & systemically quite harmful

How?

Re: Leaked Amazon memo warns the company is running out of people to hire

#248
post #108

Earlier quoted context omitted.

I'm not sure that H1B visas are a particularly politically polarized position. I could easily see people on the right arguing against H1B visas on the basis that we should keep American jobs for Americans. I don't think there's broad agreement on H1Bs on the right?

Both the left and the ring wing voters despise work visa programs. There are a few in the US, only H1B's get the hate since it is the most used of all work visa programs, and highly publicized as well.

You should be forthright and acknowledge that H1Bs fill white collar jobs at below market rates. This obviously doesn't apply to agriculture (and other) work visas.

Re: Leaked Amazon memo warns the company is running out of people to hire

#249
They're known to have such crazy warehouse shifts that people unofficially carry piss bottles with them.

They're also known to be a crap place to work at the high end for the educated workforce and the best I have heard is "Get in, get out, pump your resume and leave as fast as you can"

Surprise!

Re: Leaked Amazon memo warns the company is running out of people to hire

#250

Earlier quoted context omitted.

> It's funny to see this dynamic at a time when the federal minimum wage is still stuck at $7.25/hr. If we raise min wage then they'll just fire people to make up the cost, not sure it's going to help

When are they going to start firing people to make up for the actual effective minimum wage being above 15 bucks for some time now? where I live is not even a particularly high COL area but fast food places hire for 16-17 an hour. They aren't hiring fewer people, they are struggling to hire, in fact! There is so much demand for workers that those places can't convince them to work for double the minimum wage given th…

Assuming an even distribution of COVID deaths throughout the 50 states, 20,000 workers per state have died in the last two years. I wonder if that has anything to do with the hiring difficulties fast-food restaurants are facing. The number of deaths is probably also higher among those who would be fast-food workers, since the likelihood of death from COVID was correlated with poverty.
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