(October 9, 2018 at 11:44 am)Crossless2.0 Wrote: The raise may not be the unmixed blessing it initially appears:
https://www.msn.com/en-us/money/companie...spartanntp
From the article:
Quote: But in Amazon warehouses across the country, many longtime workers are fuming that — based on the information they have received so far — they may end up making thousands of dollars less a year.
Yes, Amazon is increasing wages, which will benefit most employees. But it will no longer give out new stock options and monthly bonuses. Some workers believe that means their total compensation will shrink.
Whether Amazon finds a way to close that gap will be closely watched in Washington. On Oct. 4, Mr. Sanders, an independent from Vermont, sent a letter to Jay Carney, who runs Amazon’s public policy, “asking Amazon to confirm how the total compensation of employees who would have received stock options — those with the company for two or more years — will be affected as a result of the recent changes,” according to a copy provided to The New York Times.
Mr. Sanders, who was alerted to the issue by workers, has not yet received a response from Amazon, a spokesman for the senator said. [end quote]
No surprise.
