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by aaomidi
2244 days ago
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By requiring others to do that for you and paying them pennies for what value they're providing. I'd agree with you if the company decided to not take profit during this time and paid the employees the same amount of value they produce. |
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The median wage of an Amazon Warehouse worker is about $60,000 / year, which is above the median wage in the US[1]. The 25th-percentile wage for the same worker is $53,000 — still higher than the median wage, and this is an entry level position that requires no college eduction.
Amazon also provides 401(k) matching for their warehouse workers and provides them the same group health insurance as their software engineers and executives[2][3]. It is quite possibly the most generous set of benefits currently available to an entry-level low-skill worker with no college education.
> I'd agree with you if the company decided to not take profit during this time and paid the employees the same amount of value they produce.
Couple things: 1) I think you're overestimating how much profit Amazon makes on its retail business; the margins are razor thin. 2) profit is just the cost of labor for the managers, I.e. the people that are coordinating the labor and calling the high-level shots. This includes coming up with the policies and systems to ensure the company can continue to operate in the midst of a global pandemic.
Finally, Amazon employed 798,000 people as of 2019, and added 100,000 new jobs in the last month alone, with 50,000 current openings outstanding. A lot of the margin goes into literally providing all of these wages and benefits for nearly 1 million people. This is more than many industrialized nations.
[1] https://www.paysa.com/salaries/amazon--warehouse-worker
[2] https://www.aboutamazon.com/amazon-fulfillment/working-here/...
[3] https://www.glassdoor.com/Benefits/Amazon-US-Benefits-EI_IE6...