Comment by lotsofpulp
2 months ago
>1. Amazon reports 250bn$+ revenue for entire EU in 2025. (of course, revenue != profit) while all 250bn$+ evaporates to somewhere. Their own page [1] reports 225k employees across EU, meaning that each employee returns whopping 1 million plus dollars! While being compensated less than 10% of their value!
An employee's "value" is not revenue / number of employees. There are many businesses where employees are reduced, but revenue does not decrease in direct proportion.
An employee's compensation is only related to what the employer thinks they can pay someone else and what the employee thinks another employer will pay them. Just like how the price of an apple is related to what the grocery store thinks a customer will pay for it and what the customer thinks a different grocery store will sell it for. (Obviously bounded on both sides by the minimum cost to produce and transport the apple, and by the maximum price a customer is able and willing to pay).
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