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Originally Posted by DuckieTigger
Not? If all you are obsessed about is a number per hour before taxes and before deductions, then maybe not. Getting paid includes benefits. Most people don't see past that number. You can make $2 more an hour and still come out short at the bottom line, because company A had great benefits that included 100% paid medical insurance, and company B lured people in by a higher pay AND monthly insurance payment of $400+ for family. Unfortunately to be competitive means a higher number per hour. The company I work for used to be 100% paid insurance (literally company A in above) and a new distribution center/warehouse (not Amazon) is company B. What my company did was to give everybody already hired in a $1.50 raise, but now we have to pay part of the insurance. New hires can be advertised a little bit higher than before, even though they don't get the extra $1.50. Only so it doesn't look like we weren't competetive in wages.
Benefits count.
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Depending on the state, benefits might be tax-free whereas salary is taxed in most places.
https://www.nolo.com/legal-encyclope...-tax-free.html
So state governments will almost certainly get more money but whether the employees get more money will vary. Veteran employees that had been around long enough to vest into the stock program will very likely see less money down the road.
https://www.nbcnews.com/tech/tech-ne...e-hike-n916466
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part of Amazon’s new pay structure, the company ended its bonus and stock incentive programs for warehouse and customer service workers. Those payments rewarded workers for staying with the company and for working consistently.
"It's a joke," said Amazon warehouse employee Vicki Shannon Allen, who made headlines this summer after she made videos documenting her experience as a homeless Amazon employee. "We get no more bonuses for not missing any work. "
Shannon also said she has concerns over what will happen to the portion of her income that was delivered in the form of stock options.
Amazon drew broad approval on Tuesday when the company announced that it would be setting a $15 hourly minimum wage for its workers. The company had been under pressure from activists and politicians who claimed Amazon warehouses employees were underpaid and overworked.
Amazon warehouse workers who spoke to NBC News on Tuesday said they were supportive of the move, but did note that the stock incentives had provided a significant bump in pay. One said that some workers were frustrated that newly hired employees would be receiving sizable wages that had taken veteran workers years to earn.
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No doubt the numbers will show a boost for this year...
...but stock options are a gift that keeps on giving as long as the stock price keeps on rising, which is why tech startups use options instead of just salary as a recruiting tool.
But at least now the politicians will let up that particular attack. Too bad they didn't ask the workers.