Um, help workers get off food stamps?
https://www.bloomberg.com/news/features/2020-12-17/amazon-am...
Um, help workers get off food stamps?
https://www.bloomberg.com/news/features/2020-12-17/amazon-am...
If you want companies to not have any employees like that on government assistance, they'll just stop hiring single mothers and disabled people. Their skills aren't suddenly worth $25/hr just because they have children.
The government subsidizing their pay is a good thing, and I hope it happens to more people like those 4000 at Amazon.
The government is really subsidising the money into Jeff Bezos's accounts.
The skills aren't considered worth $25/h because they are not paid according to the value they are providing, which is evident by the grotesque profits that Amazon is making.
Amazon arguably has monopoly power over this type of job, which means there isn't competition for the workers, and they aren't paid correctly.
That should be corrected, rather than subsidised.
Also, Amazon does not have anything near a monopoly on warehouse work. Are you kidding with that?
How is that true? The pool of workers that Amazon employs for warehouse jobs is unskilled which Amazon certainly does not have a monopoly on. Walmart & McDonalds are in this category and are two of the largest employers in the world.
If I understand correctly, you are saying that the value delivered by the robots that perform the automation has nothing to do with Amazon's minimum wage workers. That value can go straight into Jeff Bezos's bank account, and justice will be served, because he is the lawful owner of the robots. He created the company that earned the profits that were reinvested in the R&D that developed and paid for those robots, so he deserves the profits from them.
If you look a little closer, you'll see that every dollar of those profits over time came from the actual work that each minimum wage worker put in for every hour they worked. What they got back was $12 per hour, or $15 per hour even, but what they contributed to Amazon was more like $25 per hour, or $50 per hour, or $200 per hour - it depends on the profit margin of the goods they were transceiving.
The economic system you are familiar with awards all those profits to the owner of the capital, and even demands of him less tax for earnings than it does of the hourly labourer. The minimum wage workers get a fixed amount per hour, whilst the owner of capital gets a variable amount per hour.
That doesn't make it right, or fair, or just. To be fair and just, all of those thousands of minimum wage workers over the last 20 years would have received equity that was proportional to the share of the effort they contributed to build the business.
But the workers received no equity. At least, the unskilled workers received no equity. Equity was only offer to workers higher up.
Why? That's the system.
Why is that the system? It would take a longer discussion than we are having here, in a broader context to really shine a light on it. We can have that discussion whenever you like. In the meantime, don't assume all the value came from Jeff Bezos's sweaty hands. The truth is not as clean as that.
> if those types of workers vanished, Amazon would not have any value.
I disagree, in a world with only higher wage workers, a business like Amazon's would be even more important since they have such a focus on automation. Look at what happened during COVID. A lot of low wage work was shut down and who took their place in the economy? A few large companies.
/s
Those workers are definitely a temporary problem until those warehouses are 100% automated. Once all the people are gone, all the labor concerns are gone as well. No more safety. AC costs are minimized to what is needed for product safety. No more restrooms with no more plumbing. Just machines which ingest goods and distribute goods.
No offense intended. But do you classify yourself as part of humanity? Or one of the good ones?
I mean, I know one or two people who profess to think this, and they admit they themselves are just as disgusting, so at least I can have some respect for their self-reflection.
So it's not so much "good one" vs "bad ones" as brains that optimize for short-term reproductive fitness vs ones that don't. It's not an epic struggle between good and evil, it's just, quite literally, evolution in action. Like all living things, I want "my side" to win. The tricky bit is deciding where "my side" ends and "the other" begins. Everyone has to struggle with that.
I have no problem hiring people, but I want to them to do work rather than other shit. However, people need so much care that it is so draining.
The crazy thing is that these problems don't manifest until a business is reasonably successful and the medium growth spurt happens. That's when you need to get HR, and at the moment the business becomes a prison.
As an engineer, this reading resonates for me to some degree. I'm naturally more interested in engineering problems than I am by payroll, performance management, and hiring.
I accept that I'm a dumb dirty primate.
The problem now feels that we have a minority of very loud people that cause expensive problems.
I can't wait until I have AI to amplify myself.
[0] https://www.theguardian.com/world/2010/jan/11/great-pyramid-...
World hunger is a distribution problem related to the shape of the global politico-economic system, and the politico-economic systems in the places experiencing the most serious hunger; the problems in the latter are the main short-term problem, but they are anchored by the problems in the former which tend to make solutions both difficult and temporary.
Jeff Bezos is rich, but not “overthrow the international politico-econonic regime and institute a just world which would solve the problems creating hunger durably through simple amplication of wealth” rich.
United Fruit Company did not have a carismatic CEO but still managed to overthrow governments and create banana republics.
The main reason that Bezos doesn't end world hunger is that he can't even end Amazon worker's hunger, and he controls them with an iron fist. I agree he should stay off politics and just pay his back taxes.
I think it's *likely a motivated mega-billionaire would be far more effective with 100B than a self-interested bureaucracy.
It’s pretty much impossible to get our human minds around $185 billion, but any which way you spin it, it’s an insane amount of money. His $2bn altruistic fund is sort of like the equivalent of me giving away £1000. It’s a bit generous, but really not very much. Plus, that sort of altruism is utterly skewed to your benefit when you’re that wealthy.
If he gave away 99.99% of his net worth, he’d still have $18.5 million, a figure that’d make anyone on the planet - and their family - blissfully comfortable for the rest of their lives.
Details aside (yeh, I know it’s not actual money, it’s in stocks, yada yada), the point is it is an absolutely obscene amount of money for any individual to possess. I have no understanding how he sleeps at night knowing the world around him is full of appalling poverty that he could help solve.
There's certainly good faith arguments to be made against his choices. But I don't think one needs to imagine he's selectively blind or a hypocrite when different positive values and different time horizons serve to explain.