While Amazon announced it would be raising its minimum wage to $15 an hour for its 350,000 full-time, part-time and temporary workers earlier this month, there have since been concerns raised that some employees could actually end up earning less in total compensation. That’s because the company is cutting stock options and monthly bonuses for some employees.
If that's true, then... that's just stupid. If the company's minimum wage hike was primarily for PR and political reasons, they would and should have expected that someone would have gotten a hold of the lowering of stock options and bonuses offset. Might be banking on media not reporting on it or something. I honestly don't get it. Yeah, they won't lose (gain?) money from it, but you'd think they were trying to do some sort of public mea culpa thing by raising their wages.
If I was working in that warehouse, I would just wear an adult diaper. At the end of my shift, just walk around the back of the warehouse and hose myself off before getting in my car. nbd.
You all laugh, but when Wall Street bankers, plumbers, and cable TV repairmen are worked like Amazon fulfillment center workers it won’t be funny. This shit SPREADS! Amazon fulfillment workers today, landscapers tomorrow. Because every business model is pretty much the same and every profession is some variation of packing shit in a box!
While Amazon announced it would be raising its minimum wage to $15 an hour for its 350,000 full-time, part-time and temporary workers earlier this month, there have since been concerns raised that some employees could actually end up earning less in total compensation. That’s because the company is cutting stock options and monthly bonuses for some employees.
If that's true, then... that's just stupid. If the company's minimum wage hike was primarily for PR and political reasons, they would and should have expected that someone would have gotten a hold of the lowering of stock options and bonuses offset. Might be banking on media not reporting on it or something. I honestly don't get it. Yeah, they won't lose (gain?) money from it, but you'd think they were trying to do some sort of public mea culpa thing by raising their wages.
Honestly, the fallout from this will be pretty minor. Low-wage American workers have no idea what a 'stock option' is.
SuburbanFarmer wrote: Tue Oct 09, 2018 6:55 pm
Honestly, the fallout from this will be pretty minor. Low-wage American workers have no idea what a 'stock option' is.
Which explains why they follow Bernie’s class envy bait and celebrate a $2 raise while losing options on stock that trades for over eighteen hundred dollars a share.
There’s a reason they’re working in the box-packing plant and not at Boeing.
/shrug
SuburbanFarmer wrote: Tue Oct 09, 2018 6:55 pm
Honestly, the fallout from this will be pretty minor. Low-wage American workers have no idea what a 'stock option' is.
Which explains why they follow Bernie’s class envy bait and celebrate a $2 raise while losing options on stock that trades for over eighteen hundred dollars a share.
There’s a reason they’re working in the box-packing plant and not at Boeing.
/shrug
Well, it's probably for the best. That stock will be worth around half by next year.
