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You seem to be approaching this from some sort of market optimization perspective where a race to the bottom is a good thing. Consider what might happen if Ama

You seem to be approaching this from some sort of market optimization perspective where a race to the bottom is a good thing. Consider what might happen if Amazon paid their workforce 5% more than their competitors instead of paying bottom dollar. Competition for that higher wage would improve the quality of their workforce (and then produce a higher quality product). Other employers would them also compete to get quality workers.

twblalock 8y ago
From the standpoint of fairness, why should a worker at Company A make more than someone who does the same job at Company B, simply because the owner of Company A is richer than the owner of Company B? That's what I don't like. I'm sure Amazon would be willing to pay more to well-qualified workers than to less-qualified workers. But that's not the type of argument I was responding to. The parent comment suggested that Bezos should pay his employees more simply because he can afford to. I don't see how it's reasonable to base employee wages on the wealth of the company owner -- if Amazon stock tanked and Bezos lost a lot of money, should he cut employee wages? If not, then why should he increase wages when his personal wealth increases? It would be better for employee wages to be based on the employee's skills, not the employer's personal financial circumstances.
- yorwba 8y ago
  Company A can't directly increase the pay of workers at Company B. But A can increase the pay of it's own workers, making it more desirable than working for B. The increased competition on the labor market requires B to raise their wages as well. All workers win. The equilibrium may still not end up with A and B paying the same, but personally I care more about everyone having enough than everyone having the same, so even unequal wage increases are a positive in my book.
dhruvkar 8y ago
The other side of this 5% increase is that its reflected in labor costs to Amazon, at which point they take their business elsewhere. The justification for the wages being the wages is that that IS what the open market decided.
ekianjo 8y ago
> produce a higher quality product I was not aware Kindles were poorly assembled and subject to low yields in terms of quality currently.
deleted 8y ago
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twblalock 8y ago

From the standpoint of fairness, why should a worker at Company A make more than someone who does the same job at Company B, simply because the owner of Company A is richer than the owner of Company B? That's what I don't like. I'm sure Amazon would be willing to pay more to well-qualified workers than to less-qualified workers. But that's not the type of argument I was responding to. The parent comment suggested that Bezos should pay his employees more simply because he can afford to. I don't see how it's reasonable to base employee wages on the wealth of the company owner -- if Amazon stock tanked and Bezos lost a lot of money, should he cut employee wages? If not, then why should he increase wages when his personal wealth increases? It would be better for employee wages to be based on the employee's skills, not the employer's personal financial circumstances.

yorwba 8y ago
Company A can't directly increase the pay of workers at Company B. But A can increase the pay of it's own workers, making it more desirable than working for B. The increased competition on the labor market requires B to raise their wages as well. All workers win. The equilibrium may still not end up with A and B paying the same, but personally I care more about everyone having enough than everyone having the same, so even unequal wage increases are a positive in my book.

dhruvkar 8y ago

The other side of this 5% increase is that its reflected in labor costs to Amazon, at which point they take their business elsewhere. The justification for the wages being the wages is that that IS what the open market decided.

ekianjo 8y ago

> produce a higher quality product I was not aware Kindles were poorly assembled and subject to low yields in terms of quality currently.

deleted 8y ago

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