MAGA: Amazon raises wages... - GoFuckYourself.com

pimpmaster9000 · 10-03-2018, 07:37 PM

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

SBJ · 10-03-2018, 07:55 PM

Quote:

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?

slapass · 10-03-2018, 08:01 PM

Overall this is good. We are going to see inflation due to this.

SBJ · 10-03-2018, 08:04 PM

Quote:

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

GAMEFINEST · 10-03-2018, 10:03 PM

15 is across the board, I doubt the PT were getting 15.00 hr

Most bonus were probably going to Managers etc

SBJ · 10-03-2018, 10:06 PM

Quote:

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.

Quote:

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.

onwebcam · 10-03-2018, 10:14 PM

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?

kane · 10-03-2018, 11:20 PM

Quote:

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.

onwebcam · 10-04-2018, 05:55 AM

Quote:

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?

kane · 10-04-2018, 10:47 AM

Quote:

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.

Rochard · 10-04-2018, 10:54 AM

My brother in law works for Amazon. Medical benefits on day one. He was making bank on the stock options.

GFED · 10-04-2018, 11:05 AM

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.

CurrentlySober · 10-04-2018, 11:21 AM

MAGA = Make Amazon Great Again

kane · 10-04-2018, 11:27 AM

Quote:

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.

dyna mo · 10-04-2018, 11:31 AM

Quote:

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.

10-03-2018, 07:37 PM	#1
pimpmaster9000 Too lazy to set a custom title Industry Role: Join Date: Dec 2011 Posts: 26,732	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

10-03-2018, 10:03 PM	#5
GAMEFINEST Make STACK$ Industry Role: Join Date: Nov 2006 Location: sexy time Posts: 14,418	15 is across the board, I doubt the PT were getting 15.00 hr Most bonus were probably going to Managers etc __________________ Compound interest.

10-03-2018, 10:14 PM	#7
onwebcam Fake Nick 1.0 Industry Role: Join Date: Oct 2005 Location: Rent free, your head Posts: 27,652	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.

10-04-2018, 10:54 AM	#11
Rochard Jägermeister Test Pilot Industry Role: Join Date: Dec 2001 Location: NORCAL Posts: 72,795	My brother in law works for Amazon. Medical benefits on day one. He was making bank on the stock options. __________________ “The choice is no longer between right or left. The choice is between normal and crazy.” - Sarah Huckabee Sanders YNOT MAIL \| THE BEST ADULT MAILING SOLUTION

10-04-2018, 11:05 AM	#12
GFED Confirmed User Industry Role: Join Date: May 2002 Posts: 8,098	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

10-03-2018, 08:01 PM	#3
slapass Too lazy to set a custom title Join Date: Nov 2002 Location: Earth Posts: 14,627	Overall this is good. We are going to see inflation due to this.

10-04-2018, 11:21 AM	#13
CurrentlySober Too lazy to wipe my ass Industry Role: Join Date: Aug 2002 Location: A Public Bathroom Posts: 38,488	MAGA = Make Amazon Great Again __________________ My AI Handywork... My Dream Gal... XXX 👁️ 👍️ 💩