Jeff Bezos is sitting on $97 billion because of stuff like this
Amazon made $47B in gross profits in 2016. They have 540,000 employees.
If they gave every employee a $5/hr wage increase and increased their workforce by 10% to reduce time pressures on individual workers, it would cost them between $6B and $9B per year (assuming 40 to 60 hr average work week), still leaving about $40B in gross profits. That’s still a ridiculously huge amount of money being made.
But capitalists always want to squeeze out ever more profits and this is always done by exploiting workers.
THIS is why they strike, and THIS is why we support them. DO NOT BUY ANYTHING FROM AMAZON FOR THE DURATION OF THE STRIKE. BUY ELSEWHERE, and MAKE IT CLEAR that you’re supporting the striking workers.
From the 10th – 17th of July