Quick estimate: amazon retail had about about 8 billion in operating income for the six months ending in just [0] so estimate 16 billion a year. They also had

Quick estimate: amazon retail had about about 8 billion in operating income for the six months ending in just [0] so estimate 16 billion a year. They also had 1,335,000 employees [0]. At least for the US, their starting pay is $18 an hour [1]. 18 * 40 * 48 is $34,560. If we assume 1 million of those are front line workers, just doubling their pay would increase their costs by 34 billion dollars putting them in the red by 18 billion dollars a year. Obviously pay varies by location so not a perfect estimate. [0]: https://ir.aboutamazon.com/news-release/news-release-details/2021/Amazon.com-Announces-Second-Quarter-Results-2dcdc6a32/default.aspx https://ir.aboutamazon.com/news-release/news-release-details... [1]: https://www.reuters.com/business/exclusive-amazon-hikes-starting-pay-18-an-hour-it-hires-125000-more-logistics-2021-09-14/#:~:text=Amazon%20hikes%20average%20U.S.%20starting%20pay%20to%20%2418%2C%20hires%20for%20125%2C000%20jobs,-By%20Jeffrey%20Dastin&text=Sept%2014%20(Reuters)%20%2D%20Amazon,workers%2C%20an%20executive%20told%20Reuters https://www.reuters.com/business/exclusive-amazon-hikes-star.... > threads