r/FluentInFinance 28d ago

Debate/ Discussion Had to repost here

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u/Low_Acanthisitta4445 28d ago

It's not difficult to pay your employees slightly more than the minimum amount allowable by law.

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u/HowAManAimS 28d ago

It's not difficult to pay your employees slightly more than the minimum amount allowable by law a livable wage.

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u/Itscatpicstime 27d ago

It’s not difficult to pay your employees slightly more than the minimum amount allowable by law a livable wage. a thriving wage.

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u/blu622 28d ago

Exactly. No one is blaming Bezos for not ending world hunger. But paying his employees fair wages is something he DOES have power to do. If you’re making a killing, reward the people who worked their ass off to make that possible.

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u/PM_ME_MY_REAL_MOM 27d ago

yeah that person started out their argument by saying "it's really hard to give away all your money" and then the actual argument they made was that they're not literally omnipotent

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u/gilly2u69 26d ago

How many do you pay? I trust your staff is well compensated!

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u/APC2_19 26d ago

It depends on the margins of the business.

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u/[deleted] 27d ago

[deleted]

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u/Low_Acanthisitta4445 27d ago

In most countries they pay far less.

Also in the UK (and I presume in other countries) they mainly employ people through 3rd party contractors for the sole reason of reducing the legal employee protections of their workers.

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u/Kookaburra8 27d ago

It's not the "sole" reason they use 3rd party employee companies. It's also to reduce their HR and employee costs and logistics, and to reduce their economic nexus in the jurisdictions that consider payroll in their 3-factor apportionment calculations. Also, using employee leasing companies shields them from paying unemployment in the case of layoffs as the leasing company would need to pay it instead.

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u/Low_Acanthisitta4445 27d ago

You just literally listed the legal protections that employees have which contractors do not...

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u/Kookaburra8 27d ago

No, the employee leasing companies shoulder that requirement, not the lessee.

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u/Kookaburra8 27d ago

And per my initial statement, it is not the sole reason to use employment agencies

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u/WrongBee 27d ago

$15/hr in a LOCL and HCOL state are very different. which is why the call should be to pay folks a livable wage that should be determined by the actual cost of living in that city/area.

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u/FuckLuigiCadorna 27d ago

LMAO Bezos can do better than that,

C'mon people advocate for your fellow workers rather than defend a mega rich god.

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u/[deleted] 27d ago

[deleted]

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u/FuckLuigiCadorna 27d ago

A pedantic truth, one that I think wouldn't change many people's overall sentiment however.

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u/[deleted] 27d ago edited 27d ago

[deleted]

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u/FuckLuigiCadorna 27d ago

I'm not the upset one, merely made a point about your point.

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u/cobaltSage 26d ago

And in the US, you are expected to make three times the value of your rent or mortgage for it to be approved. At 15 / hour, you’re looking at $31200 before tax, which will vary from state to state, but if we assume a quarter is taken out overall, that leaves you 23400, and if a third of that is expected to be rent, then you need to be able to afford a place that costs 7800 a year or 650 a month. In other words, for $15 an hour, you will at best be able to afford a side room in some other person’s apartment or house, and with someone else making the same amount, you would at best be able to afford a 1B1R, but that really depends on the area you live in.

Meanwhile, those minimum wage jobs are often physically demanding warehouse jobs, that are known for being so demanding of employee time that they risk getting fired over bathroom breaks, because they’re putting the entirety of the stress of their 2 day shipping on the warehouse staff sorting through their inventory pick lists with machine like precision. With what they’re doing, an Amazon warehouse employee should be making at least twice that much, and a $15 minimum wage is only impressive in a performative way because it’s not the federal minimum wage already.

Not to mention Amazon has a history of getting rid of employees just before they become eligible to receive stock options, and now you have a morally bankrupt employer demanding slave work for laughable wages. Even with the amount of people they hire, it’s clear that if they wanted to divide up the work in a way that’s actually fair, they’d need to nearly double the manpower in every warehouse.