Another economically illterate article....
... how El Reg has fallen. And how it continues to sink.
"I am very lucky that I feel like I have a mission-driven purpose with Blue Origin that is, I think, incredibly important for civilization long term. And I am going to use my financial lottery winnings from Amazon to fund that."
Ok, so which part of this precisely does the author disagree with?
"What he neglected to mention was that German workers are paid so well because they held multiple strikes to force Amazon to actually pay a decent wage, and were supported by strong national employment laws that allowed them to do so."
If as the author posits, unions are the key to being well paid and driving an economy forward, can he explain how the 1970s were not the golden age of the British economy, what the phrase "Sick man of Europe" means in relation to the British economy, and what it was changed that made the 1980s one of the greatest economic periods in British history?
Your humble hack can't put it any other way. Wages in Amazon's warehouses, and in its other facilities, are low.
Well, yes, because its literally unstacking shelves. That type of work, which I have done myself previously, is never well paid by any employer in any city. Why Because the staff can be replaced in a day, and after a week they cease to become materially better at their job than a new starter. Sorry, but that is what warehouse work is.
Several large companies, including Walmart, are infamous for paying wages so low that the taxpayer sometimes has to fill in the gap.
And why does that state arise? It occurrs because the welfare system tries to bridge the gap between dependence on welfare and the world of work. The overlap can be removed at a stroke, but not without creating a significant disincentive to work. Take this job and keep some benefits (16 hours in the UK), or do nothing and keep them all.
And no doubt someone will chime in to say that if Amazon pays more in taxes and wages then its prices will rise and everyone loses, and obviously this is a moronic train of thought.
You think its moronic because you don't understand economics very well and because this little factoid undermines your entire screed.
You can't spend a dollar twice. If you spend an extra dollar on taxes you can;t spend it on R&D, wages, or business expansion that brings in more dollars. So unless you want to hamper your future growth, you need to minimise the amount of dead money you throw into the tax pit and maximise the amount of R&D you do, which is how come Amazon has been a success.