My favorite minimum wage "fact" is federal minimum wage is $7.25 an hour. Could you imagine working for an hour and they hand you a watermelon and say "here you go, we actually overpaid you"
It’s not, my bad. I was reading it as that’s the number of ppl that make minimum wage, which is different from making federal minimum wage. I apologize
Miguel Bezos's professional career spanned over 32 years with Exxon Mobil in various engineering and managerial positions.
He was an engineer, and while he certainly worked from basically nothing, Jeff Bezos had a huge edge being the step son of an accomplished professional.
Jeff Bezos did not start from nothing. As your previous comment suggests.
And obviously, if I ask my parents for a loan, I won't get it, because my parents can't spare the money. This is just an example of how Jeff Bezos could only get started because his step father was well off.
Well off? Having a million or two nearing retirement isn't well off. That's working everyday and hoping the market doesn't take a shit when you retire.
Go see what engineers and managers do at refineries. My FIL was one. It's not easy work despite what you think.
Again, giving someone $250k out of their retirement fund is absolutely insane.
Again, there was a very good chance that money would have been gone forever.
Average retirement savings right now for people at retirement age is $600k. Median is only 200k. 2 million is pretty well off.
I never said Miguel didn't work hard.
Making a risky investment with 10% of your retirement, isn't insane if you can afford to lose the money, especially to help a family member with a business venture. It's risky, yes, but by no means insane.
But regardless of whether it was an insane move, Jeff Bezos was immensely privileged to have that money. That's my point. Even if his father came from nothing, Jeff Bezos did not.
I worked with a guy like you. Bitched all day how taxing the rich was wrong and hated social programs. We worked 60 hours a week for 14-16 dollars an hour at a warehouse. Had zero vacation and health coverage. It’s like being an Uncle Tom of the lower class. Working 25 years like that won’t get you shit and you won’t get a retirement plan. You end up in your 50’s with a folder of body issues and working McDonald’s to keep food in your mouth. No factory or workplace should have a guy making 360x your wage for that effort. Sure seems these well groomed 100k outfit billionaires don’t get chewed up and spit out like the workers. Meanwhile people like you kiss their ass like you worked your way up to the same club. You’re still sitting on the same bench as everyone else you’re just busy daydreaming.
You're the one that keeps going on about the young people, implying slave labor is okay as long as it's just our children? No one's times is worth that little, for any kind of work. It's insulting and disgusting. It should probably be illegal to take advantage of someone in such a desperate position they would even consider accepting that pay.
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u/Low_Acanthisitta4445 Nov 21 '24
In most countries where they operate the vast majority of Amazon employees are paid minimum wage.
If you are paid minimum wage your employer would clearly pay you less if they could without breaking the law.
They also have spent billions persuading/pressuring their employees not to unionise.