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The value of Amazon is based on their labour force and their willingness to work under the conditions they do for the pay they get. If you give all of them 22k
by turbinerneiter 6y ago
The value of Amazon is based on their labour force and their willingness to work under the conditions they do for the pay they get.
If you give all of them 22k, a lot of them will use that money to jump ship. The value of Amazon will go down.
The value of a corporation is the _willingness of their staff to cooperate_. For low skill workers, higher pay can enable them to work their way up to higher skill jobs, which reduces their willingness to cooperate at the low wage job, which reduces the value of the cooperation.
I feel like I just earned a nobel price in economics, but I guess a real economist will quickly put holes in my epic bubble^^
- jandrese 6y agoLOL at the "you gotta treat them like slaves for maximum productivity" argument.
- turbinerneiter 6y agoI mean I'm not making the argument that this is a good idea, but if your company runs on low skill workers working very hard for very low pay, keeping them low skill is key to keep them willing to work that job. Maybe I'm being disrespectful to these job, assuming that skilling up won't make them more productive and valuable.