Re:Amazon’s HR Failures
by gumby on Friday June 18, 2021 @10:47AM
(#27550925)
> From a shareholder standpoint, it's an incredible business.
If you're trading the stock, sure. But if it's unsustainable it's not a buy and hold stock to fund your retirement
> From a sustainability, humanity or... really any standpoint that isn't "how much money can I make off of trading this stock/receiving dividends", it's disturbing.
It should be disturbing for shareholders (not "sharetraders") too. "Sustainability" is often thought (in America at least) as an externality (e.g. environmentalism).
But they are strip mining their workforce: when turnover happens in weeks or even days they run the risk of running out of hourly workers -- something it's been reported they worry about (though don't seem to be able to do anything about).
They are also exploiting their own customer base (by trying to permit just enough cheapo and crap/counterfeit products to get their margins up without pissing off the punters).
And while social diversity is also considered by many Americans to be an externality, the reality is that an increasing number of people are graduating who did not grow up with a "just put up with that crap" mentality, which restricts the pool of qualified people available to Amazon for the equally crucial non-hourly roles. If you're a black woman with a CS degree from a good school why would you even interview there?
If you're trading the stock, sure. But if it's unsustainable it's not a buy and hold stock to fund your retirement
> From a sustainability, humanity or... really any standpoint that isn't "how much money can I make off of trading this stock/receiving dividends", it's disturbing.
It should be disturbing for shareholders (not "sharetraders") too. "Sustainability" is often thought (in America at least) as an externality (e.g. environmentalism).
But they are strip mining their workforce: when turnover happens in weeks or even days they run the risk of running out of hourly workers -- something it's been reported they worry about (though don't seem to be able to do anything about).
They are also exploiting their own customer base (by trying to permit just enough cheapo and crap/counterfeit products to get their margins up without pissing off the punters).
And while social diversity is also considered by many Americans to be an externality, the reality is that an increasing number of people are graduating who did not grow up with a "just put up with that crap" mentality, which restricts the pool of qualified people available to Amazon for the equally crucial non-hourly roles. If you're a black woman with a CS degree from a good school why would you even interview there?