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A warehouse worker doesn't add a lot of value. To be specific, the average profit extracted from one of Amazon's 500,000 workers is 6000$ and that includes all
by zeroname 8y ago
A warehouse worker doesn't add a lot of value. To be specific, the average profit extracted from one of Amazon's 500,000 workers is 6000$ and that includes all the far more profitable business segments.
You also should be properly reading that balance sheet. Those $22 billion in cash stand against $36 billion in short term liabilities, for example. Long term debt is over $37 billion.
- ahje 8y ago> A warehouse worker doesn't add a lot of value. And yet, they are critical to the operation of the company (until their jobs have been automated). If all of them decided to go on strike then Amazon would have fullfillment issues -- at least until the people on strike have been replaced.
- zeroname 8y agoYes, but that is besides the point. These jobs can either be low-paid or non-existing. The money that could make these jobs well-paid does not exist because the value is not there. Going on strike cannot change that either.
- ahje 8y agoThat's exactly the point of the union, isn't it? An individual worker's demands is nothing compared to one demand with all the workers behind it. Since the value of the entire workforce is higher than the sum of the value of the individual workers, thus convincing the business that raising the wages/improving conditions is in their own interest, compared to something like a strike.