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BjornP
- Posts: 3360
- Joined: Thu Dec 01, 2016 9:36 am
- Location: Aalborg, Denmark
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by BjornP » Tue Oct 09, 2018 5:05 pm
While Amazon announced it would be raising its minimum wage to $15 an hour for its 350,000 full-time, part-time and temporary workers earlier this month, there have since been concerns raised that some employees could actually end up earning less in total compensation. That’s because the company is cutting stock options and monthly bonuses for some employees.
If that's true, then... that's just
stupid. If the company's minimum wage hike was primarily for PR and political reasons, they would and should have expected that someone would have gotten a hold of the lowering of stock options and bonuses offset. Might be banking on media not reporting on it or something. I honestly don't get it. Yeah, they won't lose (gain?) money from it, but you'd think they were trying to do some sort of public mea culpa thing by raising their wages.
Fame is not flattery. Respect is not agreement.
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Fife
- Posts: 15157
- Joined: Wed Nov 30, 2016 9:47 am
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by Fife » Tue Oct 09, 2018 5:32 pm
What am I offered to shit in a coffee can?
For the right price, I'll eat meximelts with fire sauce and drink black coffee til your can runneth over.
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Speaker to Animals
- Posts: 38685
- Joined: Wed Nov 30, 2016 5:59 pm
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by Speaker to Animals » Tue Oct 09, 2018 6:28 pm
Fife wrote: ↑Tue Oct 09, 2018 5:32 pm
What am I offered to shit in a coffee can?
For the right price, I'll eat meximelts with fire sauce and drink black coffee til your can runneth over.
I'm thinking it's about fifteen dollars per hour minus taxes.
The problem, however, is that these kinds of labor practices will spread.
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Fife
- Posts: 15157
- Joined: Wed Nov 30, 2016 9:47 am
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by Fife » Tue Oct 09, 2018 6:38 pm
You're at least two decimal places off.
Write your congressperson. Send a donation to Fauxcahontas also. She loves you.
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heydaralon
- Posts: 7571
- Joined: Thu Mar 16, 2017 7:54 pm
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by heydaralon » Tue Oct 09, 2018 6:44 pm
If I was working in that warehouse, I would just wear an adult diaper. At the end of my shift, just walk around the back of the warehouse and hose myself off before getting in my car. nbd.
Shikata ga nai
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DBTrek
- Posts: 12241
- Joined: Wed Jan 25, 2017 7:04 pm
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by DBTrek » Tue Oct 09, 2018 6:50 pm
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SuburbanFarmer
- Posts: 25287
- Joined: Wed Nov 30, 2016 6:50 am
- Location: Ohio
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by SuburbanFarmer » Tue Oct 09, 2018 6:55 pm
BjornP wrote: ↑Tue Oct 09, 2018 5:05 pm
While Amazon announced it would be raising its minimum wage to $15 an hour for its 350,000 full-time, part-time and temporary workers earlier this month, there have since been concerns raised that some employees could actually end up earning less in total compensation. That’s because the company is cutting stock options and monthly bonuses for some employees.
If that's true, then... that's just
stupid. If the company's minimum wage hike was primarily for PR and political reasons, they would and should have expected that someone would have gotten a hold of the lowering of stock options and bonuses offset. Might be banking on media not reporting on it or something. I honestly don't get it. Yeah, they won't lose (gain?) money from it, but you'd think they were trying to do some sort of public mea culpa thing by raising their wages.
Honestly, the fallout from this will be pretty minor. Low-wage American workers have no idea what a 'stock option' is.
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DBTrek
- Posts: 12241
- Joined: Wed Jan 25, 2017 7:04 pm
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by DBTrek » Tue Oct 09, 2018 7:04 pm
SuburbanFarmer wrote: ↑Tue Oct 09, 2018 6:55 pm
Honestly, the fallout from this will be pretty minor. Low-wage American workers have no idea what a 'stock option' is.
Which explains why they follow Bernie’s class envy bait and celebrate a $2 raise while losing options on stock that trades for over eighteen hundred dollars a share.
There’s a reason they’re working in the box-packing plant and not at Boeing.
/shrug
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SuburbanFarmer
- Posts: 25287
- Joined: Wed Nov 30, 2016 6:50 am
- Location: Ohio
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by SuburbanFarmer » Tue Oct 09, 2018 9:26 pm
DBTrek wrote: ↑Tue Oct 09, 2018 7:04 pm
SuburbanFarmer wrote: ↑Tue Oct 09, 2018 6:55 pm
Honestly, the fallout from this will be pretty minor. Low-wage American workers have no idea what a 'stock option' is.
Which explains why they follow Bernie’s class envy bait and celebrate a $2 raise while losing options on stock that trades for over eighteen hundred dollars a share.
There’s a reason they’re working in the box-packing plant and not at Boeing.
/shrug
Well, it's probably for the best. That stock will be worth around half by next year.
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DBTrek
- Posts: 12241
- Joined: Wed Jan 25, 2017 7:04 pm
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by DBTrek » Tue Oct 09, 2018 9:39 pm
... and next year you’ll have another excuse for why reality doesn’t comply with your Zerohedge knowledge, right?