Re:Amazon raises minimum wage to $15 for all US employees
by skrebbel on Tuesday October 02, 2018 @02:33PM
(#18124369)
They're comparing 12 weeks of warehouse work to revenue per hour. Why twelve weeks? It still makes no sense.
Re:Amazon raises minimum wage to $15 for all US employees
by shimon on Tuesday October 02, 2018 @03:50PM
(#18125086)
Just trying to put some reasonable bounds on this estimate. I assumed 12 weeks is "the holiday shopping season" where Amazon has a lot of extra workers who would benefit. And I guessed 250k of them getting $3 raises. You could also guess at the total cost in other ways, many of which would be superior.
The overall goal of these lazy estimates is to understand how significant a cost this is for a company like Amazon. Could activists have hoped for more? Are other companies, for whom the costs would be felt quite differently, likely to offer something similar?
Re:Amazon raises minimum wage to $15 for all US employees
by Dylan16807 on Tuesday October 02, 2018 @02:43PM
(#18124466)
You have to use some amount of time to get a number measured in dollars. What amount of time do you want to use?
Re:Amazon raises minimum wage to $15 for all US employees
by celticninja on Tuesday October 02, 2018 @03:21PM
(#18124840)
Think of it like this, 12 weeks of extra labour cost is offset by 17.7 revenue hours, you could also say 1 weeks extra labour cost is the equivalent of just under 1.5 revenue hours.
Re:Amazon raises minimum wage to $15 for all US employees
by developer2 on Tuesday October 02, 2018 @08:37PM
(#18126833)
12 weeks is (approximately) a business quarter. Corporate finances are most commonly aggregated across a quarterly schedule.
They aren't. They're comparing to revenue per hour. It doesn't matter what period of time you calculate revenue per hour with, you always get the same number.