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What nonsense. Many thousands of workers will be compensated much better. Other retailers will have to increase their wages. This is a good outcome.
by pm90 8y ago
What nonsense. Many thousands of workers will be compensated much better. Other retailers will have to increase their wages. This is a good outcome.
- chimpburger 8y agoDid you even read the article? Many thousands of workers will be compensated less. The higher wages came at the cost of no more free stocks.
- deleted 8y ago[deleted]
- bryanlarsen 8y agoNobody is going to be compensated less. The "extra" compensation they received before was simply a consequence of the fact that Amazon stock quadrupled in the last three years. So if previously they got $14 + 0.50 in shares their total comp ended up being $16. But they still got paid less than somebody who was paid $15 in cash straight up (who could have then purchased AMZN on the market).
- csharp 8y agoI think OP meant that it will hopefully cause other employers to follow lead and raise wages (e.g. fast food, other retailers, etc).