News for hackers. Stuff that matters.

A comment on Amazon raises overtime pay for warehouse workers. Parent comment

Re:Amazon raises overtime pay for warehouse workers by cobookman on Saturday March 21, 2020 @11:06PM (#22652349)
they can trade on margin. Making use of low interest rates.

So when the market recovers, which it will. They can see greater gains.

with fed interest rate at 0%. I’m sure the 0.01% can get incredibly favorable loans against their assets to double down.

[ Parent | on HN ]
Re:Amazon raises overtime pay for warehouse workers by chiefalchemist on Sunday March 22, 2020 @06:58AM (#22654090)
"I can trade on margin" said no one with the rent / mortgage due.

That aside, you're missing the point. The public stock market best enriches those with the most reserves. Everyone else gets trickled on.

[ Parent | on HN ]
Re:Amazon raises overtime pay for warehouse workers by afjl on Monday March 23, 2020 @02:11AM (#22661637)
Not to mention margin calls if the stock goes down past a given price.
[ Parent | on HN ]