As an aside, how much does the UK tax payer supplement Amazon's low wages (and their profits) via tax credits?
Because when you are over 25 you have more fiscal responsibility in all areas of life.
As an aside, how much does the UK tax payer supplement Amazon's low wages (and their profits) via tax credits?
Doesn't affect how I feel about Amazon. I shop there for the stuff, not for their treatment of their staff, which is none of my concern.
Sorry if that's a bit honest for some people, but I literally couldn't care less. There's more going on in the world. Those people are employed, it could be a LOT worse. Trust me.
As an aside, how much does the UK tax payer supplement Amazon's low wages (and their profits) via tax credits?
Isn't Amazon UK barely profitable currently?
But if you're doing the same job as someone who is 23, who may do it better than you, why should they get paid less?
Why should you earn more because you are over 25? Why would anyone doing unskilled work bother to try to push themselves and get ahead in life if they were already earning at least £10 an hour? If everyone earnt more then prices would just go up anyway, surely?
As an aside, how much does the UK tax payer supplement Amazon's low wages (and their profits) via tax credits?
Not necessarily.
All Amazon's barely make a profit. That's why there was this hoohar when they turned over 8bn quid last year and would have hardly paid any tax if they were based in the UK. Their business model is bizarre, but then if Twitter is worth 10bn or whatever it is on earnings of 2 bags of peanuts, then then it looks quite sound!
But Amazon is structured to be unprofitable.Agreed however if you start pushing it up then surely there is a point where a company becomes unprofitable ?
I'd love minimum wage. You should try living on £72 benefits.
But Amazon is structured to be unprofitable.
http://www.telegraph.co.uk/finance/...etailer-and-it-doesnt-even-make-a-profit.html
Quarterly sales volume:- $15,700,000,000
Quarterly loss:- $7,000,000
Accumulated profits, since foundation of the company:- NIL
Change in share price over five years:- +500%
It's a cunning trick, but no-one seems to understand how it works, other than by promising unstoppable growth. It's bound to end in tears. But when?
This is something I have an issue with. Obviously the Tory scum are trying to do away with this benefit but it is abhorrant we effectively pay greedy companies wages.
Amazon is unprofitable. Investors are waiting for massive returns which may never come. Then what happens?