Slashdot Mirror
Amazon Will Raise Its Minimum Wage To $15 For All 350,000 US Workers (recode.net)
Amazon said Tuesday it's raising the minimum wage for all 350,000 of its U.S. employees to $15, effective next month. From a report: The new pay threshold will go into effect Nov. 1 and impact all full-time, temporary and seasonal workers across the company's U.S. warehouse and customer service teams as well as Whole Foods, the company said in a blog post. It did not disclose what its current minimum pay wage is for U.S. workers, perhaps in part because there is not one set rate. "We listened to our critics, thought hard about what we wanted to do, and decided we want to lead," Amazon founder and CEO Jeff Bezos said in a statement. "We're excited about this change and encourage our competitors and other large employers to join us." Alongside the cash compensation bump, Amazon said it will eventually eliminate its practice of granting stock to these workers and will instead institute a program that allows them to purchase Amazon stock through the company. The announcement comes as Amazon faces increased criticism over its pay and treatment of warehouse workers. Senator Bernie Sanders, in particular, has been relentless in his criticism of Amazon over the last few months, proposing a bill that would tax the company as a penalty for having workers who need food stamps and other public assistance to make ends meet.
https://boingboing.net/2018/09... this was done to short-circuit the high likelyhood of unionization at Amazon factories, which could then risk spreading to the corporation as a whole (unionized developers, SRE's, managers.)
Good people go to bed earlier.
How come no one worries about inflation due to the constantly rising wages of CEOs and Wall Street douche-bags? How come no one worries about inflation due to tax breaks for the wealthy? It's a specious argument anyway, since the employees will have minimal extra spending money to drive inflation. The difference will be that all their money is coming from their employer instead of their wages being subsidized by government programs like foodstamps.
Support Right To Repair Legislation.
So people who live in a populated area, with a lot of job opportunity (high price areas) will move from living in abject poverty to just poverty.
The people who live in a less populated area, with little other job opportunities (low price areas) can now have a comfortable life style.
Perhaps there should be more effort in finding way to lower cost of living in Cities, vs. finding ways to improve property costs (AKA raising the cost of living)
If something is so important that you feel the need to post it on the internet... It probably isn't that important.
in response to wage gains if there aren't matching productivity gains. We've doubled productivity in the last 20 years while wages remained the same or went down. There is a _lot_ of room for wage growth and better standards of living in America.
If I may rant a bit here, I do wish we could get rid of this pernicious lie that raising wages is pointless because it just means prices will go up. It's so obviously wrong on the face of it. If such a thing were true we'd never have gotten out of the gilded age.
Hi! I make Firefox Plug-ins. Check 'em out @ https://addons.mozilla.org/en-US/firefox/addon/youtube-mp3-podcaster/
Wages tend to be a small part of the cost of most goods though. When you look at he volume of bread coming out of factories and the number of people working there, wages don't contribute much to the sale price.
const int one = 65536; (Silvermoon, Texture.cs)
SJW, n: "Someone I don't like, and by the way I'm a fuckwit" - AC
You mean at an age where we don't believe they are mature enough to vote, make decisions about cigarettes and alcohol, or enter into binding contracts?
What's next from you? Making people carry through with what they said they wanted to be when they were four years old?
What of people who were doing everything "right" who got derailed by circumstances beyond their control? Or does that not exist in your odd little world?