General Discussion

LonePirate

(14,366 posts)

110. And stock prices are impacted by business costs (including labor costs) which impact profitability.

Tue Jun 18, 2019, 01:20 PM

Jun 2019

Granted, Amazon was not a profitable company for many years; but it’s stock price soared due to the anticipation that it would be. Holding down labor costs is a huge (but not the only) driver in reaching profitability.

Edit history

Please sign in to view edit histories.

Recommendations

0 members have recommended this reply (displayed in chronological order):

123 replies

= new reply since forum marked as read

Highlight:

Amazon Fires Back at AOC: She's 'Just Wrong' to Say We Pay 'Starvation Wages' [View all] DonViejo Jun 2019 OP

Yeah! It is not starvation wages, it is "decide whether to pay rent or starve" wages. Thomas Hurt Jun 2019 #1

so what is the correct minimum wage then? qazplm135 Jun 2019 #13

I was being sarcastic, and I don't know what the number is... Thomas Hurt Jun 2019 #16

So it is up to the states? former9thward Jun 2019 #20

Who says a federal minimum wage has to be the same number? Thomas Hurt Jun 2019 #44

The Constitution. former9thward Jun 2019 #59

Make your argument, got case law citations. Thomas Hurt Jun 2019 #60

Show me a federal law where standards are changed based on the state. former9thward Jun 2019 #62

A minimum wage law is not a duty or an impost or an excise, those are all taxes... Thomas Hurt Jun 2019 #65

Every state has the same federal income tax rate. former9thward Jun 2019 #97

you left out the actual clause containing the enumerated power, number 3, in Sec. 8 Celerity Jun 2019 #77

And??? former9thward Jun 2019 #96

And????? you tried to answer that poster's question and did Celerity Jun 2019 #115

I made no mistake. former9thward Jun 2019 #116

The Commerce Clause, you knew this I think Celerity Jun 2019 #76

Federal and State minimum wage can be (and often are) different. thesquanderer Jun 2019 #106

And? former9thward Jun 2019 #113

Where I live in Northcentral Florida, $15 per hour for a single person Blue_true Jun 2019 #35

So should we require people with kids to be paid more? Recursion Jun 2019 #71

As a business person, I think that the minimum wage is irrelevant. Blue_true Jun 2019 #34

That struck me too Recursion Jun 2019 #70

Like Walmart, the problem is that many of the.jobs are part time n/t TexasBushwhacker Jun 2019 #54

So you're saying you want more business for WalMart and Amazon Recursion Jun 2019 #74

I'm saying that I think both could offer more full time TexasBushwhacker Jun 2019 #98

"sorry, I meant to say pays no income taxes..." nt msongs Jun 2019 #2

You can afford food working at Amazon Calculating Jun 2019 #3

Don't blame Amazon only...Walmart, among other companies are this same way, ... SWBTATTReg Jun 2019 #4

Blame congress. mobeau69 Jun 2019 #63

Well everyone MyNameGoesHere Jun 2019 #5

No. Caliman73 Jun 2019 #15

Exactly what is a living wage? Blue_true Jun 2019 #37

Wow! Fifteen whole dollars an hour? Every hour? gratuitous Jun 2019 #6

The 50,000 jobs at the NYC "HQ2" NewJeffCT Jun 2019 #14

The key is average. A $3 million per year executive and a lot of people paid much less. Blue_true Jun 2019 #42

Depends on what average they're using. Mean, median or mode? mobeau69 Jun 2019 #64

They always use mean. That is the problem. Blue_true Jun 2019 #66

This message was self-deleted by its author mobeau69 Jun 2019 #69

They're hiring tech workers in DC. They're going to have to pay six figures Recursion Jun 2019 #72

It was only 25,000 (the other 25K were to be in Virginia) and only half were in tech. It also Celerity Jun 2019 #48

$150K was median, at least for Northern Virginia Recursion Jun 2019 #78

The concept of a living wage is nonsensical if we don't have mechanisms Blue_true Jun 2019 #40

+10000 Celerity Jun 2019 #49

Rent can't go down because we told people housing is an investment Recursion Jun 2019 #75

What has to happen is governments have to step into the breach. Blue_true Jun 2019 #119

I agree. The only way housing and childcare can work is public provisioning Recursion Jun 2019 #120

You know that democrats don't leave people to burn, even when people are stupid. Blue_true Jun 2019 #123

Yes, he's a billionaire partly because he pays his workers dirt wages. LonePirate Jun 2019 #7

$15 a hour to start is now "dirt wages"? former9thward Jun 2019 #21

Yes, $15/hr ($30K/yr) is dirt wages. $7.25/hr min wage is subterranean wages. LonePirate Jun 2019 #28

How come you have not been posting against the people calling for $15 a hour? former9thward Jun 2019 #30

Moving from $7.25 to $15 is the first step. It's not the final step. LonePirate Jun 2019 #31

So wages chasing costs? Sounds like a plan. Blue_true Jun 2019 #45

We don't have a society anything like Voltaire2 Jun 2019 #102

Then we should collectively make a choice. Blue_true Jun 2019 #118

Fine but the repeated argument in this Voltaire2 Jun 2019 #121

I was one of the people making that point. Blue_true Jun 2019 #122

Ok, so the starvation wage of $15 a hour is not the "final step". former9thward Jun 2019 #58

$15 per hour for a childless, single person where I live is a pretty good wage. Blue_true Jun 2019 #43

15 for a single parent is a nightmare Voltaire2 Jun 2019 #103

Yes, for a parent, that is tough almost anywhere. Blue_true Jun 2019 #117

His billionaire status is largely due to the value of Amazon stock. thesquanderer Jun 2019 #108

And stock prices are impacted by business costs (including labor costs) which impact profitability. LonePirate Jun 2019 #110

She doesn't say what wage she thinks is fair Beringia Jun 2019 #8

She does not know. None of the people mouthing the $15 per hour standard know. Blue_true Jun 2019 #47

Thanks. Beringia Jun 2019 #53

When you make $11 BILLION and pay NO Income Taxes..... ProudMNDemocrat Jun 2019 #9

The company piled up big losses early on. Blue_true Jun 2019 #50

Yeah, and who let on that they plan to automate that facility in 2 years, after getting tax breaks? TheBlackAdder Jun 2019 #10

I would assume those who don't agree with Amazon's wage structure do not do business with them still_one Jun 2019 #11

;) sheshe2 Jun 2019 #52

Word StarfishSaver Jun 2019 #56

after your second billion onethatcares Jun 2019 #12

It's easy enough to look this up on Glassdoor Leith Jun 2019 #17

Anazon is an easy target because of it's recent success. nt Blue_true Jun 2019 #51

Post removed Post removed Jun 2019 #18

If you are a single parent, 15 USD an hour, pre-tax, in NYC, is a joke AND, as Amazon's Celerity Jun 2019 #19

People don't have to work at Amazon Alea Jun 2019 #22

True, but this OP is about Amazon Celerity Jun 2019 #25

Yes, and not working for Amazon because because they "don't pay enough" is about Amazon Alea Jun 2019 #26

If you want to defend them paying less than half of the US average for similar work, knock Celerity Jun 2019 #29

Fortunately that won't be a problem in NYC fescuerescue Jun 2019 #24

Should parents make more than non-parents? (nt) Recursion Jun 2019 #79

non sequitur Celerity Jun 2019 #80

Not at all Recursion Jun 2019 #82

that is another discussion Celerity Jun 2019 #84

Separating the discussions doesn't work Recursion Jun 2019 #85

How does making the MW a decent level (enough to support a family) allow single people to price Celerity Jun 2019 #88

Because if a single person can afford to rent a 3 bedroom, he will Recursion Jun 2019 #89

that is a huge leap, and I would love to see some datasets to back that up now Celerity Jun 2019 #90

Right, $15 is not enough to rent a 3BR Recursion Jun 2019 #91

this is not going to change Celerity Jun 2019 #93

What's changed is that people are single and childless much, much longer Recursion Jun 2019 #94

I wouldn't expect minimum wage to support a 3 BR or 2 BR apartment. thesquanderer Jun 2019 #107

Then we need to stop with the outrage about employees being on public assistance Recursion Jun 2019 #112

Must remember to be grateful Red Mountain Jun 2019 #39

Is that part of Democratic platform? To raise wages to $15? fescuerescue Jun 2019 #23

good luck getting the FMW to even 8 or 10 USD per hour with Rethugs in charge Celerity Jun 2019 #27

I revised your list (see bottom of list) Alea Jun 2019 #36

revise it again to show that Amazon is going to pay less than HALF of the national average for that Celerity Jun 2019 #38

Mississippi's *median* hourly wage is $13 Recursion Jun 2019 #73

They're not literally starving. maxsolomon Jun 2019 #32

not gonna defend AOC on this one AlexSFCA Jun 2019 #33

Amazon pays what they do Red Mountain Jun 2019 #41

It would be interesting to know if Amazon is the employer of AJT Jun 2019 #46

All Fortune 500 companies use temp services to some extent fescuerescue Jun 2019 #114

In my city trev Jun 2019 #55

How many people who criticize Amazon are willing to stop ordering their inexpensive goods StarfishSaver Jun 2019 #57

Why blame working class people? leftstreet Jun 2019 #61

I didn't mention "working class people." Why would you suggest I'm "blaming" them StarfishSaver Jun 2019 #68

We're all working class people leftstreet Jun 2019 #100

Why don't you call and ask them? ChubbyStar Jun 2019 #67

AOC response melman Jun 2019 #81

Somebody making $15/hour needs 3 dependents to qualify for food stamps Recursion Jun 2019 #83

Do you seriously think the reason they don't make people full time is lack of business? melman Jun 2019 #86

Yeah, that's the whole point of "just in time" staffing Recursion Jun 2019 #87

The places they're paying people $15/hour are not SFO and NYC Recursion Jun 2019 #95

Fuck Amazon Tiggeroshii Jun 2019 #92

She is right as usual. nt live love laugh Jun 2019 #99

How do people thinks wages should be determined? kennetha Jun 2019 #101

The federal min wage should set the floor Voltaire2 Jun 2019 #104

you mean that wages would rise automatically, independently of market forces. kennetha Jun 2019 #105

The floor rises with inflation. Voltaire2 Jun 2019 #111

STFU Amazon. I'm on Social Security and still self-employed. This month I returned Vinca Jun 2019 #109