Amazon said more than 250,000 employees and an additional 100,000 seasonal workers would benefit from the pay changes and announced similar changes for workers in Britain. Deutsche Bank estimated that Amazon’s pay increase “represents less than 1 percent of its projected 2019 revenue.”
So are more people being helped or hurt because of the raise?
I sincerely doubt more than 250,000 are getting a pay cut.
So 350,000 employees will benefit. Man do you ever get tired of being consistently wrong? I guess not, if you can fool yourself into thinking it bolsters your dangerous ideology.
Ironically, it should be bought. They gave a headcount number because they knew people like Zep would stop reading there.
They even go on to say it’s less than 1% of projected revenue. They literally say 'in the end we barely even touched our financials, we’ll still be drowning in cash."
Amazon, a company that started in a garage becomes one of if not the most profitable companies in the world, employing hundreds of thousands of people in the process is your example of my “dangerous ideology”.
So the majority of workers regret getting a pay raise? Are you fucking serious? And when is getting a raise considered a pay cut in the real world? Not the one of make-believe where you live.
The entire movement within Amazon was reliant on getting support from the quality workers (most of whom were already making above 15/hr). Once the change happened, and their bonuses were targetted, they regret helping.
Many of the workers that were making 15-20 saw a net pay decrease
Um, monthly bonuses stopped being paid on Nov 1st… How have they already seen a net decrease?
Amazon’s argument is that the large majority of workers were earning less than that 15-20/hr, and since bonuses where based upon percentage of pay (8% of $10/hr is much less than 8% of 15/hr) , only those “higher earners” see a small reduction, while the large majority see an increase in net pay.
They have seen a decrease in compensation. But as you said, it hasn’t kicked in yet. The workers who got screwed from this deal still know it’s coming, however.
Nope. Amazon’s anti union practices are actually breathtaking