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I’m sure I’ll catch grief for this but, at the end of the day, does it really make sense to give warehouse workers stock options?
Why not?
You do realize everyone from secretaries, receptionists, assistants and plenty of other support or whatever non-management employees at *MANY* tech firms became instant millionaires when company went public/allowed them to cash in/out.
Facebook, Paypal and many others at the time couldn't pay much or anything for good people, so they gave stock options. When those firms went public and or whatever and people were made very, very, wealthy word got out.
Not saying every tech place now giving out options is going to make rank and file well off, but never the less prospects are tantalizing enough that they usually have no problems attracting talent at any level.
I’m sure I’ll catch grief for this but, at the end of the day, does it really make sense to give warehouse workers stock options?
No it doesn't make any sense. But we continue to believe warehouse workers are walking Dave Ramseys and will spend their new pay raises (or stock options once they sell them) wisely on smart expenses, not financing cars, junk food, tattoos, lottery tickets, and every other expense America's underclass loves to make.
You do realize everyone from secretaries, receptionists, assistants and plenty of other support or whatever non-management employees at *MANY* tech firms became instant millionaires when company went public/allowed them to cash in/out.
Facebook, Paypal and many others at the time couldn't pay much or anything for good people, so they gave stock options. When those firms went public and or whatever and people were made very, very, wealthy word got out.
Not saying every tech place now giving out options is going to make rank and file well off, but never the less prospects are tantalizing enough that they usually have no problems attracting talent at any level.
I get that but they’re no Amazon. Startups are a different animal where people often make the decision based on factors other than salary as you noted. I suspect they’re also relatively small operations compared to the 500,000 plus Amazon employees.
Stock options should be for a select few, relative to the half million, who make the greatest contributions to Amazon’s goals. One of my buddies works for Amazon and he makes the warehouse workers look lazy with the hours he works and pressure he endures. Maybe I’ll ask for his opinion the next time we talk.
Looks like a communism experiment, take away performance incentives and pay everyone a little more.
Bezos lately making 50% smart and 50% dumb business decisions. Eventually it's going to catch up with him because the ratio of dumb-to-smart has been increasing.
Amazon has a reputation for high turnover in the warehouse division. It's really intense all the bs a new hire has to go thru just to be considered. Imagine the delusion of this question: if a roof caves during your shift...who is responsible for that roof blowing off? I answered: well if it's weather ..tornado ...hurricane...foreign object hitting it. It's nature.
I was told. No! The answer is You! Your team for not reporting the roof being unsecure! Good gravy I'm just not that strong to rip off a roof ...or repair it! That's the lunacy that $15 will get you. And yes stock options are not 'title 'bias. I personally would tell any business what they can do with stocks..and it ain't pretty. Try losing 24k
No it doesn't make any sense. But we continue to believe warehouse workers are walking Dave Ramseys and will spend their new pay raises (or stock options once they sell them) wisely on smart expenses, not financing cars, junk food, tattoos, lottery tickets, and every other expense America's underclass loves to make.
Huh. I know a bunch of the guys that work in our warehouse where I work. Most of them have their side hustle. They aren't dumb.
We're a Fortune 500 company, with awesome benefits, and we're one of the top 100 companies people love to work at. Most of us know we landed at a great place.
You're talking about youth. Youth ANYWHERE want their cars, tatoos, don't have families so they don't care about cooking, etc.
(Psssst, your classism is showing.)
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