News for hackers. Stuff that matters.

A comment on Leaked Amazon memo warns the company is running out of people to hire. Parent comment

Re:Leaked Amazon memo warns the company is running out of pe... by pardesi on Friday June 17, 2022 @12:34PM (#31780709)
From a recent Bloomberg article: Wealth of bottom 50% doubled between 2020-2022. Top 1% rose significantly. While the remaining 49% didnt budge much. Interpret it for your supply chain concerns.
[ Parent | on HN ]
Re:Leaked Amazon memo warns the company is running out of pe... by JaimeThompson on Friday June 17, 2022 @01:29PM (#31781457)
How much of that wealth increase for the bottom 50% was driven by exploding property / home value increases ?
[ Parent | on HN ]
Re:Leaked Amazon memo warns the company is running out of pe... by mywittyname on Friday June 17, 2022 @03:31PM (#31783145)
The bottom 50% own very little. Home ownership rates in the USA are like 65% and poorer people are less likely to own their homes.

So the answer is likely, a negligible amount. The increase in wealth among poorer people was most likely driven by stimulus money and a bit due to wage increases (which also favored the poor).

[ Parent | on HN ]
Re:Leaked Amazon memo warns the company is running out of pe... by monklu on Friday June 17, 2022 @03:05PM (#31782842)
> the remaining 49% didnt budge much
[ Parent | on HN ]