Re:Amazon to Pay $500M in Bonuses for Front-Line Workers, De...
by myalphabet on Monday June 29, 2020 @12:55PM
(#23679347)
Some numbers to put this into perspective:
A $500 bonus for one month of full time 40/hr/week work comes out to ~$3.20/hr "raise" for the month of June. Amazon minimum pay is $15/hr, so this bonus is effectively a ~20% raise for one month.
Amazon Q1 profits were $2.5 billion, or ~$620 million averaged per month. Spending $500 million on this bonus is ~80% of "monthly" profits.
This is a situation where I suppose I do have to give props to Amazon for giving a bonus that's well above the status quo (a 20% raise and spending 80% of profits on pay raises is nothing to sneeze at), but at the same time, $500 still seems paltry.
A $500 bonus for one month of full time 40/hr/week work comes out to ~$3.20/hr "raise" for the month of June. Amazon minimum pay is $15/hr, so this bonus is effectively a ~20% raise for one month.
Amazon Q1 profits were $2.5 billion, or ~$620 million averaged per month. Spending $500 million on this bonus is ~80% of "monthly" profits.
This is a situation where I suppose I do have to give props to Amazon for giving a bonus that's well above the status quo (a 20% raise and spending 80% of profits on pay raises is nothing to sneeze at), but at the same time, $500 still seems paltry.