Re:Amazon worker chat app to ban words such as “union”, “pay...
by lupire on Monday April 04, 2022 @10:07PM
(#30914530)
Jeff Bezos's $200B says he's not paying the most he can while still surviving in business.
[ Parent
| on HN ]
Re:Amazon worker chat app to ban words such as “union”, “pay...
by mdorazio on Monday April 04, 2022 @10:29PM
(#30914683)
Let's do some math for fun. Amazon now employs about a million workers in the US. Let's naively assume 3/4 of them work in warehouses and delivery as opposed to corporate. Let's also assume they work, on average, 2000 hours a year (roughly full-time). For Amazon to raise those wages by $1/hr (or lower efficiency demands by ~7%) it would cost them around $1.5B every year.
Now, you're probably thinking that's chump change compared to Amazon's profits, but fun fact: Amazon's online sales segment doesn't make much profit. In fact, it lost $200M in Q4 [1]. So you basically want Amazon to either go deeply in the red, or else they have to raise prices on products to also raise worker wages.
[1] https://www.cnbc.com/2022/02/04/amazons-profit-engines-are-h...
Re:Amazon worker chat app to ban words such as “union”, “pay...
by skinnymuch on Thursday April 14, 2022 @06:20PM
(#31034068)
Amazon doesn’t lose money with what you’re saying. They are moving money around. We need to stop trusting wildly rich and powerful people and corporations so much.
Re:Amazon worker chat app to ban words such as “union”, “pay...
by jodrellblank on Tuesday April 05, 2022 @07:19AM
(#30917583)
If it was really losing $800M/year why would they keep it running at all? Could this be "creative accounting"?
[dead]
Re:Amazon worker chat app to ban words such as “union”, “pay...
by notch656a on Tuesday April 05, 2022 @02:35AM
(#30915937)
Rich man reasonable, but the idea Amazon sales are gross-margin-negative is borderline retarded. Margins on sales are going into other things, like re-investment in the business instead of wages. The loss is engineered to increase future revenue. That may create more jobs in the long run and make Amazon more competitive, but lets call a spade a spade.