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Who would have thought that if corporations pay their employees a living wage, it would put less stress on our federal assistance programs and more money in your pocket!

 

  1. Agonizel

    Agonizel

    Also: Happier workers = less turnover = less expensive. Also, better working conditions = + worker implication = + performance/worker = less expensive. Happy worker -> trickle down effect = happy client. Happy client = more consumption = more money.

    There is around a 10-year discrepancy between the industrial & organizational psychology scientific literature and the practices of companies today.
    I don't know why, companies are slow understand how humans work - literally.

  2. Razor Blade

    Razor Blade

    It isn't without consequences. Amazon did eliminate those employee's bonuses and stock options as part of the wage increase.

    https://www.bloomberg.com/news/articles/2018-10-03/amazon-eliminating-bonuses-stock-awards-to-help-pay-for-raises

    It would be interesting to see if the increasing prices of Amazon services as well as elimination of certain premium benefits could have also played a role in offsetting the upcoming massive labor cost increase?

     

    My own opinion on it, I'm all for companies raising their starting wages. But I think it should the company's decision to do so...not the government...

  3. DrMacintosh

    DrMacintosh

    If it was up to Amazon they would keep employees pay at minimum wage. It took a senate bill and public harassment to get them to change. 

  4. Egg-Roll

    Egg-Roll

    Dumb Doug needs to see this...

  5. Razor Blade

    Razor Blade

    Though making business a political issue never seems to turn out well. But it was still the company's decision. They weren't forced to.

  6. ARikozuM

    ARikozuM

    I would like to see all businesses adopt the employee-owned model. If a business floats or bombs, it's all a collaborative effort by its employees. 

  7. BuckGup

    BuckGup

    Minimum wage in my state is still $7. 

  8. Agonizel

    Agonizel

    @Razor Blade I don't agree. The government has to protect it's citizens with rules. If companies don't like them, let them delocalize. At the same time, have your country possess something the delocalizing destinations do not have: a generally highly educated population, for complex jobs. The financial barrier for college in the U.S.A is quite high, so that might be a problem.

    Now could come the usual debate of "state steals money or not". It might be a cultural difference - what could sound like normality for a specific American citizen would sound like outrageously selfish and short-sighted to an average European citizen, but here we usually think the gain (easily accessible college, healthcare, insurance, etc...) vastly surpasses the costs (slightly higher taxes). Even if I wouldn't benefit from the system directly as opposed to others, you still kinda do. If others are taken care of: For example, then I know I'll have better social cohesion in my country (less crime, less socio-economical segregation).
     

    I don't pretend any form of superiority over my fellow american tech enthusiasts, I will not have this arrogance. Just trying to portray the preception of the average European.

  9. Razor Blade

    Razor Blade

    @Beer_Nontitju The reason why the financial barrier for college is so high in America is because the government is guaranteeing loans for people that would never be able to pay them back. So called "prestigious colleges" can keep raising tuition and people will keep paying it. That has nothing to do with how much someone makes with what is supposed to be entry level positions.

     

    Cost of living varies a LOT in the USA. If you looked at a place like Georgia, Tennessee, Kentucky area housing would be almost HALF what it would be compared to a city in California or trying to rent an apartment in New York city. The local Amazon jobs during last Christmas season paid over $13 per hour as it was. So it isn't like Amazon was paying federal minimums anyway. I've held a lot of jobs in my lifetime. I've worked my way through college. I paid off my student loans. I worked my way up from a minimum wage job I didn't try to make a career out of it. I had nothing handed to me. I worked hard, risked everything, and sacrificed so much to get where I am.

     

    This move by Amazon is likely not just trying to gain political favor, but help people forget the horrible PR they so recently had. https://www.businessinsider.com/amazon-warehouse-workers-have-to-pee-into-bottles-2018-4      After all... They're going to need a lot of workers for the holiday season. I hope this move isn't going to turn political though. Amazon stock prices started falling yesterday shortly after the Jeff's little announcement...Amazon stock prices have continued to decline today.

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