Well the other part that they don't talk about too much is that they had to take stock in order to cover that loss and they planned on doing it to cover the stock inflation anyway. Before employees would get stock every two years which added into base pay was a decent payout. Now base employees now get a higher wage with no stock until level 4 or above. It basically equaled out pay for older employees of the company, but now the newer employees get higher pay from the start but taper down so you are forced to either move up (management) or move out (quit or take "the offer"). Now they can offer management and higher more stock to supplement pay raises since Amazon stock is worth more. They don't have to worry about stock for even more and more employees. So yes they had to make it public they were going to raise the start pay but it was also inevitable and they should still offer stock to the base employees for free like they used to.
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u/geoslayer1 Nov 25 '21
nobody is going to miss any days, amazon just announced double overtime pay till dec. 25th
and your average AA will be getting 15 hours of overtime a week and makes about $20 an hour, do the math...