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A comment on Amazon warehouse workers 'peed in bottles' fearing punishment for taking breaks. Parent comment

Re:Amazon warehouse workers 'peed in bottles' fearing punish... by gimmeDatCheddar on Monday April 16, 2018 @01:02PM (#16850613)
That's a naive way of thinking about economics, finance, and business. Marxism will never work. You can have robots that increase profit and decrease costs for customers at the same time. Take autonomous driving, for example - it can be both profitable and affordable at the same time, meaning that the average person will be better off.

https://www.freep.com/story/money/cars/general-motors/2017/1...

The average working class American is financing their car. The average car payment is now an insane $500 per month. Over the average working career, that type of monthly payment represents a multi million dollar net worth at retirement. So if people are afraid of shitty jobs, they should prioritize wise financial decisions over short-term spending so that they can build their wealth and get leverage over shitty employment opportunities.

[ Parent | on HN ]
Re:Amazon warehouse workers 'peed in bottles' fearing punish... by learc83 on Monday April 16, 2018 @02:44PM (#16851612)
>The average working class American is financing their car. The average car payment is now an insane $500 per month. Over the average working career, that type of monthly payment represents a multi million dollar net worth at retirement.

This is completely wrong.

1. $500 is the average, averages are easily distorted by outliers. Most people who are worried about shitty jobs don't have $500 a month car payments.

2. Not spending $500 a month on a car doesn't mean you get $500 to invest. Most people need to spend > $0 on transportation.

3. $500 a month doesn't get you a multi-million dollar net worth. $500 a month at a realistic 7% gets you $1.2 million in 40 years. A more realistic $300 a month (from financing a cheaper car) gets you $700k.

[ Parent | on HN ]