MAGA: Amazon raises wages...

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  • pimpmaster9000
    Too lazy to set a custom title
    • Dec 2011
    • 26730
    #1

    MAGA: Amazon raises wages...

    Workers will make on average 3-6K less per year because amazon eliminates monthly bonuses and stock grants after minimum wage increase

    https://www.theverge.com/2018/10/3/1...onus-warehouse

    Report a suspicious cracker: Click Here
    Tags: None
    • SBJ
      So Fucking Fabulous
      • Apr 2003
      • 11377
      #2
      Originally posted by crucifissio
      Workers will make on average 3-6K less per year because amazon eliminates monthly bonuses and stock grants after minimum wage increase

      https://www.theverge.com/2018/10/3/1...onus-warehouse

      but at least they are getting their $15 per hour?

        Comment

        • slapass
          Too lazy to set a custom title
          • Nov 2002
          • 14625
          #3
          Overall this is good. We are going to see inflation due to this.

            Comment

            • SBJ
              So Fucking Fabulous
              • Apr 2003
              • 11377
              #4
              Originally posted by slapass
              Overall this is good. We are going to see inflation due to this.
              how so? The employees are going to be making less money with no bonuses and taking away stocks

                Comment

                • GAMEFINEST
                  Make STACK$
                  • Nov 2006
                  • 14470
                  #5
                  15 is across the board, I doubt the PT were getting 15.00 hr

                  Most bonus were probably going to Managers etc
                  Compound interest.

                    Comment

                    • SBJ
                      So Fucking Fabulous
                      • Apr 2003
                      • 11377
                      #6
                      Originally posted by GAMEFINEST
                      15 is across the board, I doubt the PT were getting 15.00 hr

                      Most bonus were probably going to Managers etc
                      read the article. The workers were getting bonuses for doing a good job.

                      Several Amazon warehouse employees have criticized the move, stating they would actually be losing thousands in incentive pay. Currently, warehouse workers get two shares of Amazon stock when they’re hired ($1,952.76 per share as of writing), and an additional stock option each year.

                        Comment

                        • onwebcam
                          Fake Nick 1.0
                          • Oct 2005
                          • 27689
                          #7
                          Amazon is ran by a liberal.. This isn't a MAGA move... It's a liberal move.. Notice $15 an hour? hmmm who was pushing that as min?
                          PLEASE WAIT WHILE BIDEN ADMIN UNINSTALLS ITSELF.....
                          ██████████████████▒ 99.5% complete.

                            Comment

                            • kane
                              Too lazy to set a custom title
                              • Aug 2001
                              • 20684
                              #8
                              Originally posted by GAMEFINEST
                              15 is across the board, I doubt the PT were getting 15.00 hr

                              Most bonus were probably going to Managers etc
                              There has been a lot of talk about this on Reddit over the last few days. Amazon pays bonuses to almost all employees. If you work in a warehouse you get a bonus just for having good attendance and you get another one based on how that warehouse as a whole did. You also get stock options that total roughly 1 share of stock per year (it's about $2K per share right now). All of that is going away.

                              Basically, what they said is if you are part time or new it is good for you because you make more, but if you have been there for a while it likely will screw you because most people already at or near $15 won't be getting any new money, but they will be losing the bonuses and the stock options.

                                Comment

                                • onwebcam
                                  Fake Nick 1.0
                                  • Oct 2005
                                  • 27689
                                  #9
                                  Originally posted by kane
                                  There has been a lot of talk about this on Reddit over the last few days. Amazon pays bonuses to almost all employees. If you work in a warehouse you get a bonus just for having good attendance and you get another one based on how that warehouse as a whole did. You also get stock options that total roughly 1 share of stock per year (it's about $2K per share right now). All of that is going away.

                                  Basically, what they said is if you are part time or new it is good for you because you make more, but if you have been there for a while it likely will screw you because most people already at or near $15 won't be getting any new money, but they will be losing the bonuses and the stock options.
                                  So what you're saying is that they get a real World experience in how socialism works here in the US?
                                  PLEASE WAIT WHILE BIDEN ADMIN UNINSTALLS ITSELF.....
                                  ██████████████████▒ 99.5% complete.

                                    Comment

                                    • kane
                                      Too lazy to set a custom title
                                      • Aug 2001
                                      • 20684
                                      #10
                                      Originally posted by onwebcam
                                      So what you're saying is that they get a real World experience in how socialism works here in the US?
                                      In some ways, sure, you could say that.

                                      This is, however, not socialism at its most basic. This is Amazon trying to save money while making themselves look good in the process.

                                      If it were really socialism, they would cut the pay of he top staff and redistribute that money to the lower paid staff. Those on salary or not working in warehouses and customer service won't see any changes.

                                        Comment

                                        • Rochard
                                          Jägermeister Test Pilot
                                          • Dec 2001
                                          • 75733
                                          #11
                                          My brother in law works for Amazon. Medical benefits on day one. He was making bank on the stock options.
                                          Herschel Savage
                                          Brooklyn, NY

                                            Comment

                                            • GFED
                                              Confirmed User
                                              • May 2002
                                              • 8121
                                              #12
                                              A friend of mine that works for Amazon says he makes LESS now since the removal of the bonuses. He also had multiple raises that were not added on top of this increase in hourly wage.
                                              https://www.flow.page/savethechildren

                                                Comment

                                                • CurrentlySober
                                                  Too lazy to wipe my ass
                                                  • Aug 2002
                                                  • 38944
                                                  #13
                                                  MAGA = Make Amazon Great Again


                                                  👁️ 👍️ 💩

                                                    Comment

                                                    • kane
                                                      Too lazy to set a custom title
                                                      • Aug 2001
                                                      • 20684
                                                      #14
                                                      Originally posted by GFED
                                                      A friend of mine that works for Amazon says he makes LESS now since the removal of the bonuses. He also had multiple raises that were not added on top of this increase in hourly wage.
                                                      A guy on Reddit who works for Amazon broke down his situation. He has been there 3 years. He started out at $12/hr and is now at $14/hr. His monthly bonus was around $200 and in those 3 years he has gotten 5 shares of stock. Now the stock options will be gone and he loses the bonuses, but he gets a raise to $15. So he makes roughly $2,000 more a year in salary but will lose about $2400 in bonus about about $2000 in stock each year. This "raise" will end up costing him about $2400 a year plus whatever the stock would bring in the future.

                                                        Comment

                                                        • dyna mo
                                                          just a fucking jerk
                                                          • Dec 2008
                                                          • 68184
                                                          #15
                                                          Originally posted by onwebcam
                                                          So what you're saying is that they get a real World experience in how socialism works here in the US?
                                                          you can't be this glib. millions of medicare and social security recipients also get a real world experience in how socialism works here in the US too and have for decades and decades.

                                                            Comment

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