Skip to comments.Amazon's Minimum Wage Hike: Heartfelt Activism, Or Crass Political Opportunism?
Posted on 10/04/2018 8:26:52 AM PDT by SeekAndFind
Amazon, the massive online retailer, announced with great fanfare that it will raise its minimum wage to $15 an hour, and will encourage others across the nation to do the same. Is it unselfish public-mindedness, or political and competitive pressures that's behind the move?
Sorry, Jeff Bezos, but we don't buy the social justice talk anymore. Anytime a multi-billion dollar corporation begins talking about social issues, check your wallet. And then look at who's pressuring them.
That's certainly the case with Amazon, which on Tuesday announced the minimum wage hike.
"We listened to our critics, thought hard about what we wanted to do, and decided we want to lead," founder and CEO Jeff Bezos said in a statement about the pay raise, which goes into effect next month.
"Leading" will be expensive, since a lot of workers will be affected. Some 250,000 people work for Amazon, which plans to hire another 100,000 for the Christmas holiday season.
But the truth is, it's a move not premised on doing "the right thing," as leftist minimum wage activists like to say, but on Amazon keeping its edge as the nation's leading retailing force.
Bezos' Minimum Wage Hike Activism Start with the fact that Jeff Bezos, a bazillionaire from his Amazon holdings (in fact, the richest human on Earth), won't be pulling out his checkbook to pay for this minimum wage hike. Whatever else you might feel about this, you'll pay for it. In fact, you probably already are, since Amazon just jacked up its Amazon Prime subscriptions by $20.
Nor did Amazon's move come from some deep cry of conscience over economic injustice. Rather, it came in response to a brutal political attack on the company by socialist millionaire Senator Bernie Sanders.
(Excerpt) Read more at investors.com ...
Memo to Bezos: When you start taking economic advice from an economically illiterate politician who, among other things, has lauded Venezuela's insanely destructive socialist policies, you might be heading for trouble.
“Whatever else you might feel about this, you’ll pay for it. In fact, you probably already are, since Amazon just jacked up its Amazon Prime subscriptions by $20.”
You would only pay that if you sign up for Amazon Prime.
Otherwise, there is no cost to you.
You can instead shop at Sears.
I vote for Crass Political Opportunism.
Bezos is a snake and the Washington Post is an evil extension of the evil Democrat party.
Bozo can afford paying his peeons $20/hr. Why doesn’t he if he cares soo much.
I wonder if Amazon employees will keep any benefits they have or do those get taken away or reduced to cover this hike.
We should have zero problem with a business owner deciding himself to raise the minimum wage (or median wage, or maximum wage, or deputy wage, or senior wage, or line manager wage) in his own business.
Likewise, we should have zero problem with the business owner deciding himself to place more outlay into advertising, inventory, quality raw materials, air conditioning, parking lot repair, roof fixing, employee uniforms, bigger office space, better tooling, etc.
Our problem should be instead with a THIRD PARTY compelling the business owner how to direct his financial and other resources.
It very will may be the best and most sensible thing for the business owner to raise wages of entry level employees. HE IS IN THE BEST DECISION TO DECIDE AND BENEFIT.
It’s something of a pea and shell game. Increased wage for a cut in benefits and bonuses.
Hard-boiled business strategy.
Force minimum wages up, and the likelihood that any start-up firm will ever get rolling to challenge you decreases significantly.
Jeff’s perfect Socialist model... giving with one hand (raised wages), taking back with the other (no bonuses or stock options). Old Jeff Bezos has learned much from the Libs at the WaPo and the reptiles of the Swamp...
Old Bernie smiles!!! Demand a $15 minimum wage, tax half of it back... where the worker is worse off than before... ain’t Socialism wunnerful!
Based on his personal wealth, Bezos can give away $10 million per day — every day — and not run out of money for over 30 years.
“Force minimum wages up, and the likelihood that any start-up firm will ever get rolling to challenge you decreases significantly.”
Higher wages for workers has an inflationary impact, in the very same manner that higher compensation for corporate executives has an inflationary impact.
It's ironic that decades ago we heard leftist scream how big corporations were evil. Those on the right defended them as pro business. Today big corporations have come full circle and are becoming the evil the left always said they were.
“Amazon has already said that in addition to this they will lobby for the national minimum to be raised to $15.”
Then don’t go online and buy from Amazon, but instead order from your Sears Catalog.
Nope. From an Amazon employee on TV yesterday.....side benefits gone...
“Amazon has an abnormally large profit margin and can absorb a $15 per hour min wage but their competition can’t and they know it. It’s like a predatory pricing attack but using labor costs as the weapon.”
It is not Amazon’s fault that their competitors have slimmer profit margins.
“Today big corporations have come full circle and are becoming the evil the left always said they were.”
In what way is higher wages and prosperity for the American worker evil?
It’s just crumbs to put the schmooze on, according to Representative Botox.
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