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by ineedasername
1746 days ago
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There's a difference: Amazon can pay more. As you said, the millennials can't. If there's a millennial out there flush with cash but didn't get the house they wanted despite having $$$ more than needed, then yes-- that would be their own choice. Just like it's Amazon's choice to live with a driver shortage if they can pay more but won't. Based on their 2020 profits, they can pay more. $20B in profits, 170,000 deliverers worldwide. They could take 10% of that and pay those folks an average of about $10,000 more/year. They have the money, so if their business suffers at all as a result of too few drivers, then it's absolutely self-inflicted. |
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But GP was talking about "any shortage", not just amazon's shortage. For the sake of argument I'll let that slide. I'm sure millennials can pay more. It just would involve uncomfortable sacrifices, and most people don't think that's not worth the trade-off for going from renting to owning. Likewise, amazon would like more delivery drivers, but isn't desperate enough to actually raise wages and/or improve working conditions.
>Based on their 2020 profits, they can pay more. $20B in profits, 170,000 deliverers worldwide. They could take 10% of that and pay those folks an average of about $10,000 more/year.
You forgot to include the cost of capital.