Chicago Fanatics Message Board
https://mail.chicagofanatics.com/

Amazon to go out of business soon due to labor costs
https://mail.chicagofanatics.com/viewtopic.php?f=47&t=114380
Page 1 of 5

Author:  Brick [ Tue Oct 02, 2018 7:37 am ]
Post subject:  Amazon to go out of business soon due to labor costs

https://www.cnbc.com/2018/10/02/amazon-raises-minimum-wage-to-15-for-all-us-employees.html

How can they do this? This is going to doom them. Prices will have to double for everything they sell. They are going to have to layoff huge amounts of employees. Everything will be done by robots. This is actually bad for the workers.

Author:  312player [ Tue Oct 02, 2018 7:40 am ]
Post subject:  Re: Amazon to go out of business soon due to labor costs

You can thank Bernie for that.

Author:  Brick [ Tue Oct 02, 2018 7:42 am ]
Post subject:  Re: Amazon to go out of business soon due to labor costs

312player wrote:
You can thank Bernie for that.

He's not all bad. He would have been a horrible President though.

Author:  312player [ Tue Oct 02, 2018 7:43 am ]
Post subject:  Re: Amazon to go out of business soon due to labor costs

He would have been great

Author:  Jaw Breaker [ Tue Oct 02, 2018 7:45 am ]
Post subject:  Re: Amazon to go out of business soon due to labor costs

Best part of the article:

Quote:
Amazon's starting pay varies by location — $10 an hour at a warehouse in Austin, Texas, for example, and $13.50 an hour in Robbinsville, New Jersey. For 2017, the median Amazon employee earned just under $28,500, according to company filings. Bezos earned $1.7 million.


Only $1.7 million! Of course, when you include stock performance, Bezos's net worth is up $95 billion this year.

Author:  Don Tiny [ Tue Oct 02, 2018 7:48 am ]
Post subject:  Re: Amazon to go out of business soon due to labor costs

Boilermaker Rick wrote:
312player wrote:
You can thank Bernie for that.

He's not all bad. He would have been a horrible President though.

We could do worse than Bernie.

Oh yeah ... we did.

Author:  Heisenberg [ Tue Oct 02, 2018 8:59 am ]
Post subject:  Re: Amazon to go out of business soon due to labor costs

Hey Brick, if $15 an hour is great, why not $16 to really help them out. Everyone, regardless of skill, should be able to afford a car, so $20. But they need a house, so $30 makes more sense. And vacations are necessary, so $40.

Why is $15 the right number? Why not more? Amazon has a Trillion dollar market cap. Bezos is one of the wealthiest guys in the world. Why stop at $15?

It should be more fair—to each according to their needs, from each according to their means.

Author:  Brick [ Tue Oct 02, 2018 9:00 am ]
Post subject:  Re: Amazon to go out of business soon due to labor costs

Heisenberg wrote:
Hey Brick, if $15 an hour is great, why not $16 to really help them out. Everyone, regardless of skill, should be able to afford a car, so $20. But they need a house, so $30 makes more sense. And vacations are necessary, so $40.

Why is $15 the right number? Why not more? Amazon has a Trillion dollar market cap. Bezos is one of the wealthiest guys in the world. Why stop at $15?

It should be more fair—to each according to their needs, from each according to their means.

You tell me. Why is the current level correct?

Author:  hnd [ Tue Oct 02, 2018 9:03 am ]
Post subject:  Re: Amazon to go out of business soon due to labor costs

large corporations like amazon are going to $15 per hour hoping it becomes the law. The large corporations can take on that new cost much easier than small businesses which will allow them to either buy them up or let them go out of business thus allowing more corporate rule in our marketplace. exactly how bernie planned it out.

Author:  GoldenJet [ Tue Oct 02, 2018 9:09 am ]
Post subject:  Re: Amazon to go out of business soon due to labor costs

Jaw Breaker wrote:
Best part of the article:

Quote:
Amazon's starting pay varies by location — $10 an hour at a warehouse in Austin, Texas, for example, and $13.50 an hour in Robbinsville, New Jersey. For 2017, the median Amazon employee earned just under $28,500, according to company filings. Bezos earned $1.7 million.


Only $1.7 million! Of course, when you include stock performance, Bezos's net worth is up $95 billion this year.


I was gonna say...$1.7mil? Per hour?

Author:  FavreFan [ Tue Oct 02, 2018 9:11 am ]
Post subject:  Re: Amazon to go out of business soon due to labor costs

hnd wrote:
large corporations like amazon are going to $15 per hour hoping it becomes the law. The large corporations can take on that new cost much easier than small businesses which will allow them to either buy them up or let them go out of business thus allowing more corporate rule in our marketplace. exactly how bernie planned it out.

Yup. This is a pretty transparent, cynical move by Amazon. Not surprising though.

Author:  Brick [ Tue Oct 02, 2018 9:13 am ]
Post subject:  Re: Amazon to go out of business soon due to labor costs

Heisenberg wrote:
Hey Brick, if $15 an hour is great, why not $16 to really help them out. Everyone, regardless of skill, should be able to afford a car, so $20. But they need a house, so $30 makes more sense. And vacations are necessary, so $40.

Why is $15 the right number? Why not more? Amazon has a Trillion dollar market cap. Bezos is one of the wealthiest guys in the world. Why stop at $15?

It should be more fair—to each according to their needs, from each according to their means.

This does deserve an answer though. I'll give two.

1) The minimum wage has not kept pace with inflation, and it certainly hasn't kept pace with productivity or economic output.
2) I believe as a society it should be a priority that any person who works a full time job should make enough money to feed, clothe, and shelter themselves. I would compare it to how we let companies do a lot to the environment but we do set limits for the good of society on how much damage they can do. We don't live in a country with unrestricted capitalism.

So, $15/hr(with the idea we would adjust it going forward) gets us either to where we need to satisfy those things or a lot closer to satisfying those things.

Author:  Brick [ Tue Oct 02, 2018 9:14 am ]
Post subject:  Re: Amazon to go out of business soon due to labor costs

FavreFan wrote:
hnd wrote:
large corporations like amazon are going to $15 per hour hoping it becomes the law. The large corporations can take on that new cost much easier than small businesses which will allow them to either buy them up or let them go out of business thus allowing more corporate rule in our marketplace. exactly how bernie planned it out.

Yup. This is a pretty transparent, cynical move by Amazon. Not surprising though.

So those people who talked about a Big Mac doubling in price were wrong?

Author:  Heisenberg [ Tue Oct 02, 2018 10:19 am ]
Post subject:  Re: Amazon to go out of business soon due to labor costs

Boilermaker Rick wrote:
Heisenberg wrote:
Hey Brick, if $15 an hour is great, why not $16 to really help them out. Everyone, regardless of skill, should be able to afford a car, so $20. But they need a house, so $30 makes more sense. And vacations are necessary, so $40.

Why is $15 the right number? Why not more? Amazon has a Trillion dollar market cap. Bezos is one of the wealthiest guys in the world. Why stop at $15?

It should be more fair—to each according to their needs, from each according to their means.

This does deserve an answer though. I'll give two.

1) The minimum wage has not kept pace with inflation, and it certainly hasn't kept pace with productivity or economic output.
2) I believe as a society it should be a priority that any person who works a full time job should make enough money to feed, clothe, and shelter themselves. I would compare it to how we let companies do a lot to the environment but we do set limits for the good of society on how much damage they can do. We don't live in a country with unrestricted capitalism.

So, $15/hr(with the idea we would adjust it going forward) gets us either to where we need to satisfy those things or a lot closer to satisfying those things.


1. How do you know the original minimum wage was set correctly?
2. Correct. When I was 16 bagging groceries at Jewel, I deserved to make more. I was full time during the summers. That is your criteria.

Author:  Brick [ Tue Oct 02, 2018 10:25 am ]
Post subject:  Re: Amazon to go out of business soon due to labor costs

Heisenberg wrote:
1. How do you know the original minimum wage was set correctly?
I believe the attempt was to try and accomplish the second point but for whatever reason that was chosen and it should at least keep up with inflation if not coming closer to productivity gains.
Heisenberg wrote:
2. Correct. When I was 16 bagging groceries at Jewel, I deserved to make more. I was full time during the summers. That is your criteria.
Sure. Anyone who is working full time for minimum wage isn't doing it for the enjoyment of it. They may be saving for college, or helping their family, or they may just be a hard worker who wants to make money early on. Let them make a decent wage 3 months out of the year too.

Author:  Ogie Oglethorpe [ Tue Oct 02, 2018 10:26 am ]
Post subject:  Re: Amazon to go out of business soon due to labor costs

I'm perfectly OK with companies raising wages as market forces dictate and right now it's a competitive job market so good move by Amazon. Isn't it nice how wages are going up on their own without government interference?

That is precisely how it is supposed to work.

Author:  Heisenberg [ Tue Oct 02, 2018 10:29 am ]
Post subject:  Re: Amazon to go out of business soon due to labor costs

Boilermaker Rick wrote:
Heisenberg wrote:
1. How do you know the original minimum wage was set correctly?
I believe the attempt was to try and accomplish the second point but for whatever reason that was chosen and it should at least keep up with inflation if not coming closer to productivity gains.
Heisenberg wrote:
2. Correct. When I was 16 bagging groceries at Jewel, I deserved to make more. I was full time during the summers. That is your criteria.
Sure. Anyone who is working full time for minimum wage isn't doing it for the enjoyment of it. They may be saving for college, or helping their family, or they may just be a hard worker who wants to make money early on. Let them make a decent wage 3 months out of the year too.


Wow. Ok, so an 18 year old working at Starbucks should make at least $15 per hour? And the Jewel bagger? And your landscaper? Gutter cleaner? Maid?

Holy inflation!

Author:  Brick [ Tue Oct 02, 2018 10:32 am ]
Post subject:  Re: Amazon to go out of business soon due to labor costs

Ogie Oglethorpe wrote:
I'm perfectly OK with companies raising wages as market forces dictate and right now it's a competitive job market so good move by Amazon. Isn't it nice how wages are going up on their own without government interference?

That is precisely how it is supposed to work.
It makes most of the excuses look stupid on why we can't have it be raised.

Author:  Rod [ Tue Oct 02, 2018 10:33 am ]
Post subject:  Re: Amazon to go out of business soon due to labor costs

Does Amazon turn a profit? Or will their profit come when they are the only retail business left?

Author:  Brick [ Tue Oct 02, 2018 10:35 am ]
Post subject:  Re: Amazon to go out of business soon due to labor costs

Heisenberg wrote:
Wow. Ok, so an 18 year old working at Starbucks should make at least $15 per hour? And the Jewel bagger? And your landscaper? Gutter cleaner? Maid?

Holy inflation!
There would be some inflation but that is mostly because minimum wage should have been matching inflation already.

You aren't going to convince me I am wrong by stating that the people that provide me a service are going to be able to feed, clothe, and shelter themselves with the wage they get. I would be happy with that.

Author:  Heisenberg [ Tue Oct 02, 2018 10:37 am ]
Post subject:  Re: Amazon to go out of business soon due to labor costs

Boilermaker Rick wrote:
Heisenberg wrote:
Wow. Ok, so an 18 year old working at Starbucks should make at least $15 per hour? And the Jewel bagger? And your landscaper? Gutter cleaner? Maid?

Holy inflation!
There would be some inflation but that is mostly because minimum wage should have been matching inflation already.

You aren't going to convince me I am wrong by stating that the people that provide me a service are going to be able to feed, clothe, and shelter themselves with the wage they get. I would be happy with that.

You proved my point. At best, you are a socialist. At worst, a communist.

Author:  Curious Hair [ Tue Oct 02, 2018 10:37 am ]
Post subject:  Re: Amazon to go out of business soon due to labor costs

Joe Orr Road Rod wrote:
Does Amazon turn a profit? Or will their profit come when they are the only retail business left?

Amazon loses money on the retail side and makes faaaaaaat stacks on the CDN side.

Author:  Brick [ Tue Oct 02, 2018 10:39 am ]
Post subject:  Re: Amazon to go out of business soon due to labor costs

Heisenberg wrote:
You proved my point. At best, you are a socialist. At worst, a communist.
I don't think so. I just think that capitalism needs relatively minor controls like I mentioned with the environmental example.

Author:  Curious Hair [ Tue Oct 02, 2018 10:43 am ]
Post subject:  Re: Amazon to go out of business soon due to labor costs

Brick gets yelled at me to be more of a socialist and yelled at by this dude to be less of a communist. Can't win.

Author:  Heisenberg [ Tue Oct 02, 2018 10:46 am ]
Post subject:  Re: Amazon to go out of business soon due to labor costs

Boilermaker Rick wrote:
Heisenberg wrote:
You proved my point. At best, you are a socialist. At worst, a communist.
I don't think so. I just think that capitalism needs relatively minor controls like I mentioned with the environmental example.

I am actually an environmentalist. So I’m on board with not letting manufacturers dump toxic waste in rivers. But, we all use their products.

But you are not a free market capitalist. You seem to want a great deal of control over wages, benefits, healthcare, etc.

Who you crappin?

Author:  Brick [ Tue Oct 02, 2018 10:52 am ]
Post subject:  Re: Amazon to go out of business soon due to labor costs

Heisenberg wrote:
I am actually an environmentalist. So I’m on board with not letting manufacturers dump toxic waste in rivers. But, we all use their products.
Why shouldn't they pollute the environment as much as they want?

Heisenberg wrote:
But you are not a free market capitalist. You seem to want a great deal of control over wages, benefits, healthcare, etc.

Who you crappin?
I understand any wage floor is not a true "free market". What should the minimum wage be?

Author:  WaitingforRuffcorn [ Tue Oct 02, 2018 10:53 am ]
Post subject:  Re: Amazon to go out of business soon due to labor costs

When you are designing stores that eliminate most employees $15/hr is no big deal. Also Amazon hires most of it's warehouse workers through staffing companies at a fraction of that rate. It's a nice PR move for them, but it's mostly bullshit.

Author:  Heisenberg [ Tue Oct 02, 2018 11:00 am ]
Post subject:  Re: Amazon to go out of business soon due to labor costs

Boilermaker Rick wrote:
Heisenberg wrote:
I am actually an environmentalist. So I’m on board with not letting manufacturers dump toxic waste in rivers. But, we all use their products.
Why shouldn't they pollute the environment as much as they want?

Ignorrant comment. No one wants to pollute. But some is necessary, like if you want steel or plastic on your car.
Heisenberg wrote:
But you are not a free market capitalist. You seem to want a great deal of control over wages, benefits, healthcare, etc.

Who you crappin?
I understand any wage floor is not a true "free market". What should the minimum wage be?

Author:  Ogie Oglethorpe [ Tue Oct 02, 2018 11:02 am ]
Post subject:  Re: Amazon to go out of business soon due to labor costs

Boilermaker Rick wrote:
Ogie Oglethorpe wrote:
I'm perfectly OK with companies raising wages as market forces dictate and right now it's a competitive job market so good move by Amazon. Isn't it nice how wages are going up on their own without government interference?

That is precisely how it is supposed to work.
It makes most of the excuses look stupid on why we can't have it be raised.

Most companies probably cannot afford to pay $15 an hour for entry level wages. Your mom and pop shops sure can't. Amazon can and wants to attract better employees so they have voluntarily opted to pay that wage. that's how it should work. Amazon's competitors cannot keep up and thus won't employee the best entry level employees.

Amazon is banking on getting better/more productive employees out of a constrained labor market.

Supply is low and demand is high for labor right now which means the price of labor is naturally going up.

Author:  Hatchetman [ Tue Oct 02, 2018 11:03 am ]
Post subject:  Re: Amazon to go out of business soon due to labor costs

Shit if you can find a good cleaning person for $15/hr, give me the contact!

Page 1 of 5 All times are UTC - 6 hours [ DST ]
Powered by phpBB® Forum Software © phpBB Group
https://www.phpbb.com/