Why are companies like Amazon constantly kicking the shit out of the lowest paid employees!?
Why are companies like Amazon constantly kicking the shit out of the lowest paid employees!?
For some in the upper ranks, applying the whip to lower ranks is the carrot.
Not really. Which do you think is a larger increase in total income?
- Bottom 50% of all wages increase by 5%
- Top 1% of all wages increase by 20%
Average Bottom 50%ile wage = 46K USD. 5% increase = 2.3K Multiply by 50 = 115K
So the 20% increase in top 1%ile represents a 3X increase in total income when compared with bottom 50%ile.
Our current wage growth of ~3% combined with inflation of ~5% means that real wages have been falling at about 2%.
https://www.cnbc.com/2021/07/27/wages-are-rising-but-has-inf...
The WSJ added:
> Average weekly earnings since January are up $15.59, but with inflation surging to levels not seen since the early 1980s, real weekly wages are down $8.99, the largest real-dollar drop in wages since Bureau of Labor Statistics data were first collected in 2006. By comparison, real wages have fallen more in the past seven months than they rose in the final 27 months of the Obama presidency.
https://www.wsj.com/articles/inflation-government-spending-w...
Check out the BLS (bls.gov) for the latest data and hope it doesn't get worse.