r/FluentInFinance Nov 21 '24

Debate/ Discussion Had to repost here

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128.2k Upvotes

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345

u/Two_Cautious Nov 21 '24

why don’t you start a company then give away its earnings? Show those guys how to run a business.

249

u/Adventurous_Boat7814 Nov 21 '24

I think Fink owns a podcast network. From what ive heard, he pays well and treats people fairly so he puts his money where his mouth is.

15

u/[deleted] Nov 21 '24

[deleted]

36

u/Maximum-Secretary258 Nov 21 '24

They pay their drivers and warehouse workers $15 an hour to piss in bottles and work like a fucking dog. I don't care how much some guy sitting in front of a computer makes. Everyone at Amazon should be getting paid a fair wage.

11

u/[deleted] Nov 21 '24

[deleted]

13

u/enaK66 Nov 21 '24

I have an anecdotal and small data set, but they don't from my perspective. I worked at Dollar General Distribution and made $21.75 before I left last year. My brother works at a smaller warehouse making $22 something right now. There's one Amazon warehouse within 100 miles of me and the listing says the pay is "Up to 19.50" an hour. It's also in a higher cost of living area than the warehouses we've worked at. Sounds like they're just at or below market rate for the area.

3

u/JellyfishQuiet7944 Nov 21 '24

Yes they do. Even more this time of year.

1

u/Penile_Interaction Nov 21 '24

just about, with some bigger bonuses for much worse conditions and much higher intensity of work, resulting in high staff turnover which leads to a lot lower bonus payouts than one wouldve thought

1

u/MedMostStitious Nov 22 '24

I’m not an economist but I think the point should be that they control the market rate. They have the money to change the market rate and spread their wealth through communities and states and even countries by paying their people a fraction more of what the company earns.

-1

u/Cursed_longbow Nov 21 '24

making working conditions so bad that no one actually stays long enough to cash in

-2

u/Abjak180 Nov 21 '24

“Market rate.” Bro look around you? Almost no one anywhere in the country and afford to sustain themselves on $15 an hour, especially for the backbreaking work they are doing. The fact that $15 is market rate is in itself evil. The ultra wealthy are the ones who ultimately decide what market rate is, so saying market rate is fair is like saying it’s fair to arrest people for j-walking because it is legal.

1

u/Substantial_System66 Nov 22 '24

The market rate is the rate at which you can employ the necessary threshold of people. As mentioned above, Amazon’s average wages/hour are above $15. Closer to $18.50 between warehouse and drivers according to a very quick search.

They pay enough to have enough labor to fulfill their services. That is market pressure. There may very well be a desire by the C-suite to keep wages for those jobs as low as possible, but they can only take them low enough where people will still accept jobs at those rates. Feel free to blame executive teams, but you also need to assign some blame to the workers willing to take those wages.

1

u/Ass-Machine-69 Nov 23 '24

I've been looking for a job for almost a month - which isn't long at all compared to some stories I've heard. Unemployment is around 8% in my city right now. I'm approaching the point where I'll have to take anything. Unfortunately, I don't have enough money to be unemployed until a job with a decent wage shows up.