Re:Email from Jeff Bezos to employees
by dralley on Tuesday February 02, 2021 @05:15PM
(#26007664)
How are you measuring "efficient allocation of capital"?
Amazon has been very successful at squeezing "efficiency" out of their employees, where "efficiency" is defined largely as abusive conditions and poor wages. While they may be a large employer in raw numbers, vast numbers of their employees depend on public assistance. UPS, USPS, and FedEx seem to pay consistently higher wages. And on top of that, like most "supermassive" companies, they are very "efficient" at dodging taxes.
Yes, this is "efficiency" in the financial sense, but it is by no means net positive at the societal level.
Amazon has been very successful at squeezing "efficiency" out of their employees, where "efficiency" is defined largely as abusive conditions and poor wages. While they may be a large employer in raw numbers, vast numbers of their employees depend on public assistance. UPS, USPS, and FedEx seem to pay consistently higher wages. And on top of that, like most "supermassive" companies, they are very "efficient" at dodging taxes.
Yes, this is "efficiency" in the financial sense, but it is by no means net positive at the societal level.
https://www.seattletimes.com/business/amazon/amazons-turnove...
https://www.ttnews.com/articles/amazon-thrives-fedex-deliver...