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re: Amazon announces $15 minimum wage for all US employees
Posted on 10/2/18 at 8:26 am to The Egg
Posted on 10/2/18 at 8:26 am to The Egg
Anyone expecting this to be a good faith thing is very wrong.
Bezos is all about money and there is a scheme behind it.
1. They have greatly expanded their automation, so they actually need less human capital to maintain the same profit margins.
2. Placing pressure on brick stores (Walmart, etc.) to match. Their margins are much tighter.
Bezos is all about money and there is a scheme behind it.
1. They have greatly expanded their automation, so they actually need less human capital to maintain the same profit margins.
2. Placing pressure on brick stores (Walmart, etc.) to match. Their margins are much tighter.
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