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It's a band aid to bridge the gap between the insane demand in HCOL areas and the inability to find labor in those markets. How can you staff a warehouse for $
by Itsdijital 5y ago
It's a band aid to bridge the gap between the insane demand in HCOL areas and the inability to find labor in those markets.
How can you staff a warehouse for $15/hr in places were a studio starts at $1250/mo?
I wouldn't be one bit surprised of Amazon starts getting into real estate, offering employees monthly "rent vouchers".
- imbnwa 5y agoOr just starts approximating to the future of "Sorry to Bother You" and just builds its own campus where you live and work.
- ghaff 5y agoWhy wouldn't they just pay more? If they're giving you a rent voucher for an apartment whose market rate is $1250 a month, normally that would show up as income on your W2. https://www.thebalancesmb.com/when-is-employee-housing-taxable-to-the-employee-4158182 https://www.thebalancesmb.com/when-is-employee-housing-taxab... There are cases like remote locations where an employer can provide housing tax-free but likely not near an expensive city.
- scotty79 5y agoThey might issue voucher nominally for $1250. But redeem it for $1000. So the landlords might decide if they want to not rent to Amazon employees or agree to take less from them but keep the high listing price for others.