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> If that's unrealistic, still: Amazon's profit went up by 84% in 2020. Why shouldn't workers seek for their wages to go up 84% instead? So, say Amazon's net i
by mlyle 6y ago
> If that's unrealistic, still: Amazon's profit went up by 84% in 2020. Why shouldn't workers seek for their wages to go up 84% instead?
So, say Amazon's net income in 2019 was $11.5B, and that they paid employees about $25B. Even if Amazon's scale in 2020 required no additional workers, increasing wages for those existing workers by 84% would have wiped out Amazon's entire profit and more despite a banner year.
- tsimionescu 6y agoYou're right, I made a classic mistake in comparing percentages...