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Sure..but what does that have to do with Bezo's paper net worth?

by nojito 7y ago

TaylorAlexander 7y ago
The media like to focus on Bezos because he’s literally the richest man on earth. But what they’re getting at is that Amazon the corporation should pay its workers more. They’re using Bezos as a talking point, but don’t focus too intently on that. What matters is how little workers are paid for such a lucrative business.
- Polylactic_acid 7y ago
  Focusing on begging bezos to bless his workers with a livable wage seems like the wrong angle. It should be illegal for such a business to operate this way to begin with.
- nojito 7y ago
  On paper sure... But Buffett and Gates are far wealthier than Bezos. >What matters is how little workers are paid for such a lucrative business. What's so lucrative in running a warehouse that packages shipments to people?
  - TaylorAlexander 7y ago
    > What's so lucrative in running a warehouse that packages shipments to people? I had to check the definition of lucrative to make sure I wasn’t missing anything, but it seems to be both something that generates wealth and/or something that generates profit. There can be no question that amazon generates wealth. The company is now worth almost 1.2 trillion dollars [1], and the founder is now on paper the wealthiest man on earth. The company also generates quite significant profits, after its initial long phase of investment in growth. “Amazon annual net income for 2019 was $11.588B, a 15.04% increase from 2018.” [2] Technically you asked what makes the business lucrative, not whether or not it is in fact lucrative. Well I am not qualified to articulate why the business is lucrative but with 11.5B in net income last year and a total value of 1.2 trillion, there is certainly no question that it is somehow quite lucrative. [1] https://www.macrotrends.net/stocks/charts/AMZN/amazon/market-cap https://www.macrotrends.net/stocks/charts/AMZN/amazon/market... [2] https://www.macrotrends.net/stocks/charts/AMZN/amazon/net-income https://www.macrotrends.net/stocks/charts/AMZN/amazon/net-in...

Sure..but what does that have to do with Bezo's paper net worth?

by nojito 7y ago

Sure..but what does that have to do with Bezo's paper net worth?

The media like to focus on Bezos because he’s literally the richest man on earth. But what they’re getting at is that Amazon the corporation should pay its workers more. They’re using Bezos as a talking point, but don’t focus too intently on that. What matters is how little workers are paid for such a lucrative business.

Polylactic_acid 7y ago
Focusing on begging bezos to bless his workers with a livable wage seems like the wrong angle. It should be illegal for such a business to operate this way to begin with.
nojito 7y ago
On paper sure... But Buffett and Gates are far wealthier than Bezos. >What matters is how little workers are paid for such a lucrative business. What's so lucrative in running a warehouse that packages shipments to people?
- TaylorAlexander 7y ago
  > What's so lucrative in running a warehouse that packages shipments to people? I had to check the definition of lucrative to make sure I wasn’t missing anything, but it seems to be both something that generates wealth and/or something that generates profit. There can be no question that amazon generates wealth. The company is now worth almost 1.2 trillion dollars [1], and the founder is now on paper the wealthiest man on earth. The company also generates quite significant profits, after its initial long phase of investment in growth. “Amazon annual net income for 2019 was $11.588B, a 15.04% increase from 2018.” [2] Technically you asked what makes the business lucrative, not whether or not it is in fact lucrative. Well I am not qualified to articulate why the business is lucrative but with 11.5B in net income last year and a total value of 1.2 trillion, there is certainly no question that it is somehow quite lucrative. [1] https://www.macrotrends.net/stocks/charts/AMZN/amazon/market-cap https://www.macrotrends.net/stocks/charts/AMZN/amazon/market... [2] https://www.macrotrends.net/stocks/charts/AMZN/amazon/net-income https://www.macrotrends.net/stocks/charts/AMZN/amazon/net-in...