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Also, CostCo. But the king has to be in-n-out -- no one treats their employees better than industry peers. https://www.usatoday.com/story/money/nation-now/2018/
by rsj_hn 8y ago
Also, CostCo. But the king has to be in-n-out -- no one treats their employees better than industry peers. https://www.usatoday.com/story/money/nation-now/2018/01/25/n-out-mangers-make-160-000-per-year-reports-show/1065434001/ https://www.usatoday.com/story/money/nation-now/2018/01/25/n...
But, if I'm allowed to be cute and meaningless, Bezos' wealth comes from Amazon stock, whose value comes from its future earning potential. Pay workers more, and that stock becomes worth less, so there is less to give away. But because Amazon doesn't earn any money today, the present valuation comes from promises of future fat profit margins, so a simple statement by Bezos that he will continue to increase worker wages with revenue would instantly make the stock almost worthless. And of course, Amazon can't really pay workers more today, since it doesn't have fat margins, all it could do is shift expenses down, but that doesn't really end up being so significant. At a 5% discount rate, Bezos networth of, say, 100 Billion, would be enough to pay each current Amazon employee an extra $5 per hour in perpetuity, and over time, inflation would eat away at that.