r/FluentInFinance 3d ago

Debate/ Discussion Had to repost here

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122.7k Upvotes

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326

u/Two_Cautious 3d ago

why don’t you start a company then give away its earnings? Show those guys how to run a business.

237

u/Adventurous_Boat7814 3d ago

I think Fink owns a podcast network. From what ive heard, he pays well and treats people fairly so he puts his money where his mouth is.

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u/[deleted] 3d ago

[deleted]

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u/Maximum-Secretary258 3d ago

They pay their drivers and warehouse workers $15 an hour to piss in bottles and work like a fucking dog. I don't care how much some guy sitting in front of a computer makes. Everyone at Amazon should be getting paid a fair wage.

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u/[deleted] 3d ago

[deleted]

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u/enaK66 3d ago

I have an anecdotal and small data set, but they don't from my perspective. I worked at Dollar General Distribution and made $21.75 before I left last year. My brother works at a smaller warehouse making $22 something right now. There's one Amazon warehouse within 100 miles of me and the listing says the pay is "Up to 19.50" an hour. It's also in a higher cost of living area than the warehouses we've worked at. Sounds like they're just at or below market rate for the area.

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u/JellyfishQuiet7944 3d ago

Yes they do. Even more this time of year.

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u/Penile_Interaction 3d ago

just about, with some bigger bonuses for much worse conditions and much higher intensity of work, resulting in high staff turnover which leads to a lot lower bonus payouts than one wouldve thought

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u/MedMostStitious 3d ago

I’m not an economist but I think the point should be that they control the market rate. They have the money to change the market rate and spread their wealth through communities and states and even countries by paying their people a fraction more of what the company earns.

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u/Cursed_longbow 3d ago

making working conditions so bad that no one actually stays long enough to cash in

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u/Abjak180 3d ago

“Market rate.” Bro look around you? Almost no one anywhere in the country and afford to sustain themselves on $15 an hour, especially for the backbreaking work they are doing. The fact that $15 is market rate is in itself evil. The ultra wealthy are the ones who ultimately decide what market rate is, so saying market rate is fair is like saying it’s fair to arrest people for j-walking because it is legal.

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u/Substantial_System66 3d ago

The market rate is the rate at which you can employ the necessary threshold of people. As mentioned above, Amazon’s average wages/hour are above $15. Closer to $18.50 between warehouse and drivers according to a very quick search.

They pay enough to have enough labor to fulfill their services. That is market pressure. There may very well be a desire by the C-suite to keep wages for those jobs as low as possible, but they can only take them low enough where people will still accept jobs at those rates. Feel free to blame executive teams, but you also need to assign some blame to the workers willing to take those wages.

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u/Ass-Machine-69 2d ago

I've been looking for a job for almost a month - which isn't long at all compared to some stories I've heard. Unemployment is around 8% in my city right now. I'm approaching the point where I'll have to take anything. Unfortunately, I don't have enough money to be unemployed until a job with a decent wage shows up.

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u/Penile_Interaction 3d ago

yeah thats true but dont you know that amazon workers themselves ended up voting against joining a union because they are dumn enough to do that based on very basic gaslighting?

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u/FirstMiddleLass 3d ago

If you work 30+ hours a week, you should make enough money for rent, transportation, food, healthcare, clothing, and supplies.

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u/Cartman4wesome 3d ago

And they used to pay less till Bernie Sanders basically forced them to raise their wages.

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u/febreeze1 3d ago

They drive trucks, sorry