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In relative historical terms these wages are incredibly low when Amazon has approximately $289,138 per employee in gross revenue. If you had a similar company i
by hamburgerwah 5y ago
In relative historical terms these wages are incredibly low when Amazon has approximately $289,138 per employee in gross revenue. If you had a similar company in 1970 this payscale would be nearly triple what is reflected with similarly situated employees starting at 1.3x revenue per employee instead of 0.55x.
This isn't a criticism of Amazon in particular but to show in general just how unbelievably low we have allowed wages to fall in the face of historically unprecedented gains in per employee productivity.
- andrewmcwatters 5y ago> starting at 1.3x revenue per employee instead of 0.55x. Could you explain this? I don't understand.
- Macha 5y agoThe maximum base pay is $160k for the highest roles (all roles in fact). Their revenue per employee is $300k. that's the 0.55. The parent poster is saying that in the past the top earning employees had a base pay that exceeded the revenue per employee. Since the revenue per employee number is averaged across all employees, it could still be profitable to employ someone for more than that if the value they provided was higher still
- swiley 5y agohigh rent means low savings means no leverage by the worker.
- morpheos137 5y agoYour comment makes no economic sense to me. At what point in time did workers ever get paid in terms of how much revenue their company had per employee? If that were the case grocery clerks should be earning 6 figures.
- deleted 5y ago[deleted]