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A significant portion of Amazon profits comes from AWS. If you remove AWS from the equation, AWS does make money, but not the truckloads you are pointing. And A
by IMTDb 4y ago
A significant portion of Amazon profits comes from AWS. If you remove AWS from the equation, AWS does make money, but not the truckloads you are pointing. And AWS profits are in now way linked to amazon warehouse workers salaries.
If Amazon increases wages - and thus prices - what do you think will happen:
1. People will still buy amazon because they have a higher wage so they ca afford it
2. People will buy more stuff from another store that provides cheaper prices while exploiting Chinese workers instead of American ones.
Of course it's 2.
- kennywinker 4y agoAgain, you’re simply wrong. https://www.shacknews.com/article/128660/amazon-amzn-aws-revenue-was-up-40-in-q4-2021-to-1778-billion https://www.shacknews.com/article/128660/amazon-amzn-aws-rev... 17.78B in 2021, or $11k per employee. That’s less than 10% of the per employee profit. Amazon can increase wages without raising prices.
- lotsofpulp 4y agoThe numbers you are using are wrong, and that article is sloppily written. Revenue and profit (net income) are not the same thing. Redo the math with the correct numbers: https://www.macrotrends.net/stocks/charts/AMZN/amazon/net-income https://www.macrotrends.net/stocks/charts/AMZN/amazon/net-in... And note that Walmart/Target/Home Depot/ and all the other retail public companies have profit margins of low single digits. It is safe to assume Amazon has the same low single digit profit margins from its retail operations.