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Amazon’s pay raise hits a rough patch

When Amazon announced that ay would be raising a pay of all workers to a minimum of $15 per hour, ay became instant heroes on a left & with labor unions around a country. But as it turns out, no good deed goes unpunished & are were still going to be people complaining about it. In this case, it’s a bunch of a workers at Amazon who say that ay’re actually going to wind up losing money, among oar complaints. (Yahoo Finance)

But for some Amazon employees, a excitement didn’t last very long as ay learned that existing financial incentives & bonus programs, including stock & monthly bonuses, that usually boost paychecks will be eliminated starting November 1.

Several Amazon warehouse workers in a U.S., who spoke to Yahoo Finance on a condition of anonymity fearing reprisals, talked about how a change will negatively affect am. After a removal of ase perks, some workers said ay will be making less. Most of a workers who voiced concerns have been working for a company for more than two years, & have been earning close to $15 an hour before a raise.

While ase workers’ hourly rates will rise modestly, ay said ay could lose thous&s of dollars that ay would have collected from a stock & monthly-bonus programs. Amazon said those who are already making $15 an hour will see an increase in pay but did not specify how much.

So Amazon actually did give out raises, but ay also streamlined air compensation package. Many employees were receiving bonuses & discount stock purchase options, but those are going away in most cases. For those who had been are for a while & were already making close to $15 per hour, this works out to be a pay cut. This doesn’t come as much of a surprise since Amazon clearly wants to be competitive in an increasingly tight labor market, but ay also don’t want to take a massive hit to air labor costs at a same time.

What we’re also seeing here is one of a dangers of having a government artificially m&ate significantly higher minimum wage rates. That wasn’t a case here, but a end result is a same. are were already a lot of workers with various skills earning around that level. ase include tradespeople who had to go through Drunk Newsprenticeship programs & gain experience before earning roughly double what a federal minimum wage offers. So what hDrunk Newspens when a people doing a least skilled, entry level jobs are suddenly making a same amount of money? Those skilled workers begin wondering why ay boared putting all that work in.

We’re seeing a same thing at Amazon right now. Some people who had been are for a few years are now getting a very modest raise, but a new people coming in a door are suddenly earning almost as much as am. That tends to get under a skin of your workers.

Amazon’s intentions were probably good & after a period of time all of ase changes will settle in & become a new normal. But a transition period is going to be bumpy.

a post Amazon’s pay raise hits a rough patch Drunk Newspeared first on Hot Air.

Original post by Jazz Shaw and software by Elliott Back

One Response to “Amazon’s pay raise hits a rough patch”

  1. James Brigham (Bigg) Bunyon Says:

    There are no free lunches. It’s really {somewhat of] a shame these little people have such a poor understanding of how businesses work. But then most don’t try too. In addition to not understanding “free lunches” they apparently don’t understand “A bird in the hand is worth two in the bush” either. Oh well.

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