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Fixed pie fallacy. There is not a finite amount of dollars to be held. Bezos holding more money does not make other people poorer. Economies are engines and Be

Fixed pie fallacy. There is not a finite amount of dollars to be held. Bezos holding more money does not make other people poorer. Economies are engines and Bezos is the one shoveling in coal. Amazon can almost always find employees and it can do so because it pays a lot more than Macy's or 7-11. Workers choose to work at Amazon because it's better than most other no-skill jobs. The retail giants went out of business because they were taking advantage of their customers and employees. My local department stores went under because they couldn't hire anyone.

JoeAltmaier 6y ago
A company's bottom line IS a fixed pie. The executives spend their meetings calculating how to get the largest fraction for themselves, and leave as little as possible on the table for the employees.
- vorpalhex 6y ago
  It's not at all. A bottom line is a flexible thing and by increasing costs you can increase profits, eg, opening more stores as part of your chain. Executive meetings are mostly about forecasting how the business is doing accurately, and then communicating that to shareholders. It's.. not an exciting meeting in any way, shape or form.
  - JoeAltmaier 6y ago
    Maybe in the 1950-60's. Now its a shark tank and no room for ideas like that. Not in industry anyway. And maybe you're mistaking board meetings for the executive suite?
- fastball 6y ago
  Have you actually participated in these meetings or where exactly does this knowledge come from? Because that does not sound like any C-suite meeting I have ever been party to.
viklove 6y ago
Reducing employee wages doesn't make each employee poorer and Bezos richer? Wow you'll have to show me how you did that math.
- fastball 6y ago
  Bezos isn’t the worlds wealthiest man because his company is the most profitable. In fact it’s very easy to argue the opposite — AMZN is doing so well because for many years of the company’s existence, Bezos chose not to line anyone’s pockets at all, instead putting everything back in CapEx, I.e. hiring more people.
  - viklove 6y ago
    Nice job stepping around the question there. Do you take tango lessons?
    - fastball 6y ago
      ...? I didn’t step around the question. Bezos is not making billions of dollars. If he took a salary of $0 he would still be the worlds wealthiest man, and the pay of a warehouse worker would not change appreciably even if 100% of his salary was allocated to increasing warehouse worker wages. I don’t take tango lessons, no. But I do know basic economics and arithmetic, which you might want to brush up on.

JoeAltmaier 6y ago

A company's bottom line IS a fixed pie. The executives spend their meetings calculating how to get the largest fraction for themselves, and leave as little as possible on the table for the employees.

vorpalhex 6y ago
It's not at all. A bottom line is a flexible thing and by increasing costs you can increase profits, eg, opening more stores as part of your chain. Executive meetings are mostly about forecasting how the business is doing accurately, and then communicating that to shareholders. It's.. not an exciting meeting in any way, shape or form.
- JoeAltmaier 6y ago
  Maybe in the 1950-60's. Now its a shark tank and no room for ideas like that. Not in industry anyway. And maybe you're mistaking board meetings for the executive suite?
fastball 6y ago
Have you actually participated in these meetings or where exactly does this knowledge come from? Because that does not sound like any C-suite meeting I have ever been party to.

viklove 6y ago

Reducing employee wages doesn't make each employee poorer and Bezos richer? Wow you'll have to show me how you did that math.

fastball 6y ago
Bezos isn’t the worlds wealthiest man because his company is the most profitable. In fact it’s very easy to argue the opposite — AMZN is doing so well because for many years of the company’s existence, Bezos chose not to line anyone’s pockets at all, instead putting everything back in CapEx, I.e. hiring more people.
- viklove 6y ago
  Nice job stepping around the question there. Do you take tango lessons?
  - fastball 6y ago
    ...? I didn’t step around the question. Bezos is not making billions of dollars. If he took a salary of $0 he would still be the worlds wealthiest man, and the pay of a warehouse worker would not change appreciably even if 100% of his salary was allocated to increasing warehouse worker wages. I don’t take tango lessons, no. But I do know basic economics and arithmetic, which you might want to brush up on.