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Bezos wealth isn’t cash he paid himself that he could have been distributing to the workers. It’s a number based on the value of his ownership stake of the bus
by zepto 6y ago
Bezos wealth isn’t cash he paid himself that he could have been distributing to the workers.
It’s a number based on the value of his ownership stake of the business itself.
- chris11 6y agoIf significantly raising the pay of Amazon's low-paid workers would negatively impact it's value then part of Bezo's wealth comes from keeping Amazon's cost of labor low.
- zepto 6y agoIs it? Or is it part of the reason those workers have jobs that pay more than minimum wage, rather than no job, or a minimum wage job. It’s not a zero sum game. A successful Amazon creates jobs. Presumably if there were better jobs elsewhere, people would not work for Amazon. It’s also part of the reason that low paid workers can shop at Amazon themselves.
- Aunche 6y agoSignificantly raising the pay of Amazon workers would hurt Bezos because it translates to less reinvestment to the company. This would also hurt the million new employees that Amazon hired last year as well as the consumers who increasingly relied on Amazon for goods during quarantine.