If Amazon hired warehouse workers at $25/hr would it still be making massive profits?
Amazon has 1.3M employees in the US and $11B in profit globally.
If you increase the wages at the bottom that pushes everyone up (why would a manager of the warehouse workers make less than the people they manage?).
So if you divide up that $11B in global profit across all 1.3M US workers, you get $8,700 per worker or maybe $500 extra per month after tax. A much appreciated boost by the folks at the bottom, but now global profit is $0.
I’m certainly not arguing against paying warehouse workers more. I’m just saying the “billions in profit” don’t go that far in a company the size of Amazon.