from Hacker News

Amazon Raises Hourly Wages at Cost of Almost $1B a Year

by SamvitJ on 9/29/22, 3:39 PM with 3 comments

• by jfengel on 9/30/22, 5:52 PM

  For comparison: their revenue in 2021 was $470B, and the net profit was $33B.

  So the company isn't exactly risking its bottom line here. They could double those raises and still come down to a rounding error.

• by bediger4000 on 9/29/22, 3:48 PM

  Is this a good thing? Without the economic incentive of profit, job creators won't be able to create more jobs. Then where will we be?

• by togs on 9/29/22, 3:54 PM

  Saw a clip of someone from Idaho as I recall, explaining that his raise was $1.15 total.