Thu, 4 October 2018
Yeah I know it's shocking but it turns out Amazon isn't just going to eat the cost of increasing wages to $15/hr. Instead, they're ending their stock option program and their incentive-based bonus system.
The changes will hurt those who already made $15 or more the hardest. But shouldn't those people be grateful someone stood up for the little guy? Why are those making more than $15/hr so greedy? :-)
As I said yesterday there are no free rides. Employers don't pay taxes, they don't eat costs. They pass them along. In this case, the employees will be subsidizing their own pay increases. It's a hard economic lesson to learn and I don't feel sorry for any of them.