Earlier quoted context omitted.
The biggest confusion I have is everybody seems to approach Amazon and Tesla unionization as "hopefully it happens so workers will get better wages!" I could be wrong but... I'm pretty sure Amazon and Tesla pay great relative to their space. Relatively demanding, sure. I get it. We've all seen the article where some Amazon worker urinated in a bottle because "the job is just so ruthless!". They employ hundreds of tho…
> I'm pretty sure Amazon and Tesla pay great relative to their space. > I'm sure most Amazon warehouse jobs start in the $15-20/hr range. How much better can you really get for what is essentially reading a screen, grabbing something off of a shelf, and putting it in a box? Amazon is also one of the richest companies in the world, largely dependant on the work of each and every one of those warehouse workers. Why is…
So, say Amazon's net income in 2019 was $11.5B, and that they paid employees about $25B. Even if Amazon's scale in 2020 required no additional workers, increasing wages for those existing workers by 84% would have wiped out Amazon's entire profit and more despite a banner year.