5 ms·
Keeping in mind that those employees are already making more money than the average person doing a similar job part time. People shouldn't automatically be exp
by microcolonel 7y ago
Keeping in mind that those employees are already making more money than the average person doing a similar job part time.
People shouldn't automatically be expected to pay different prices for the same thing because they have more money.
The back-of-the-napkin calculation from BI they cite to arrive at what Jeff Bezos' "makes" in an hour is tied largely to Jeff's equity in Amazon, which is not really liquid.
You can make all sorts of comparisons of this or that number to another, what matters to me is the principle of it.
If Jeff is being treated to some ill-gotten advantage, let me be the first to criticize it, but the price of part-time retail labour is up to those involved in that transaction, and to a certain extent, up to the law; and both seem to agree with the state of things.
By the same token, we are all entitled to our fair say in what the law has to say about that transaction, and if you believe the minimum price of labour should be arbitrarily increased, that's something you can argue just the same as anyone else. I just won't buy it if the argument is "Jeff's rich, so any company he operates should pay more for labour."
- dlp211 7y agoIf the ability to sell $1.8Billion of your stock 3 days day isn't liquid, I don't know what is. https://www.reuters.com/article/us-amazon-bezos/amazon-chief-bezos-cashes-in-1-8-billion-of-share-pile-idUSKCN1UR4ZR
- microcolonel 7y agoHe has to tell people it's for his other company, so they don't get worried; that's what I mean by not really liquid. If Jeff Bezos attempted to sell a million shares without any indication of a purpose, it would degrade the value of the rest.