Amazon is a Rousing US Success Story to be Cheered

Mish

Amazon is on a hiring spree due to a covid-related surge of online shopping.

100,000 $15.00 Per Hour Jobs

Amazon announced Plans to Hire 100,000 Workers in the US and Canada.

Details 

  • The new positions are for full and part-time work across the U.S. and Canada.
  • 100 new package sorting centers and other facilities will open in September.
  • Starting wage of at least $15 per hour.
  • Sign-on bonuses up to $1,000 to new hires in select cities.
  • Amazon’s latest recruitment drive is in addition to an announcement just days ago when it announced the creation of 33,000 corporate and technology jobs.

“We are opening 100 buildings this month alone across new fulfillment and sortation centers, delivery stations, and other sites,” said Dave Clark, senior vice president of worldwide operations at Amazon.

Amazon Chicago

Amazon Dallas and Austin

Rousing US Success Story

I cheer the success of Amazon, Microsoft, Google, Twitter, and Walmart.

These companies could not exist in France or the EU in general.

France is still worried about the demise of mom and pop bookstores serving practically no one.

And in the EU it is impossible to shed employees once they are hired so corporations do not hire or expand easily.

Socialists Moan

Socialists moan about Amazon. They want to break it up. They also moan about founder Jeff Bezos' net worth of about $200 billion.

But socialists don't create jobs. Bezos created over 1,000,000 jobs with another 100,000 on the way.

The Amazon success story is US capitalism at its finest.

Mish

Comments (58)
No. 1-21
bubblelife
bubblelife

I have a few Amazon gripes. Please stop listing products as Amazon Prime and then fail to deliver on time or require shipping payment for returns. At the beginning of the pandemic, Amazon Prime couldn’t deliver on time because they were focusing on essential items yet for months there were no essential items available for sale on their site. No paper towels, no sanitizing sprays/wipes etc.

davebarnes2
davebarnes2

Jeff delivers stuff to us almost every day. I think he likes us. I hope we are special enough to get invited to Thanksgiving dinner this year.

Zardoz
Zardoz

Amazon is a hermit's dream come true, and the endgame for retail capitalism.

Augustthegreat
Augustthegreat

It’s tRump who has been moaning about Amazon and Bezos.

bradw2k
bradw2k

Well said, Mish. Think of the countless hours of human life saved by Amazon's retail revolution. The people hurt worst by this leap in economic efficiency are 13-year-old girls across the country who wish there was a mall where they could go to look at their phones.

Captain Ahab
Captain Ahab

If bricks and mortar stores sell products required to have physical labels showing country of origin, should we not require the same of virtual stories: it is past time to require the COUNTRY of ORIGIN of products on websites.

jivefive99
jivefive99

$15 an hour is $30,000 a year, IF you can get 40 hours a week -- in a country where even the $50,000 per year average isnt a whole lot. Big deal. Bezos worth $200 billion is a travesty, since he's gonna spend it on rockets and vacation destinations on Mars, laughing all the way. By the way, Amazon is just a broker, and brokers (who create nothing) get killed by people inevitably replacing them with better systems. There is NOTHING to be happy about here.

Shaolin69
Shaolin69

I'm not a socialist, but a "devout capitalist". And I bemoan the death of capitalism brought on by the likes of Amazon, who are in league with the government to kill all small businesses and Mom and Pop shops. Create crazy lockdowns to destroy anyone trying to make an independent living, then get cheered by people for hiring 100k wage slaves. Pretty sick IMO.

Webej
Webej

Question:
Are those 1100000 jobs in addition to existing jobs or do they replace other jobs?

From what I've read, working at Amazon is for desperate people who in other times submitted to slavery (Slavery was often offered as an option: Either take an oath or commit suicide).

Of course for libertarians it's all voluntary contracting.
Exploitation is theoretically excluded if there are ‘free markets’ ...

Webej
Webej

"in the EU it is impossible to shed employees once they are hired"

Absolutely not true. People are fired and laid off everyday.
How difficult it is to get rid of people depends on too many factors to mention, but in many cases there are frameworks beyond the personal whim of a manager/employer, although they often to an end run around these. Reorganizations where you get rid of older employees and hire new ones doing the same work but with different function titles are a common trick.

Casual_Observer
Casual_Observer

I wouldnt have a problem with amazon but their business model is double dealing. Watching what sells well and creating an amazon essentials knockoff to sell their own and move the better products to page 10 of the search. They should be prevented from doing both. Amazon is no success story because they get tax money and dont pay net taxes. Their stock price also is an indirect beneficiary of Fed intervention into bond markets. Mish I thought you were smarter than this.

Casual_Observer
Casual_Observer

By the way I know people who work at amazon warehouse and say it's like a sweatshop. They put trackers on your every move. Once Bezos figures out how to replace everyone with machines the job creation wont be the story.

Jojo
Jojo

Success depends on what you are counting as successful.

Dozens of Amazon's own products have been reported as dangerous -- melting, exploding or even bursting into flames. Many are still on the market
By Blake Ellis and Melanie Hicken, CNN
Updated 7:55 AM ET, Thu September 10, 2020

Jojo
Jojo

Amazon would be wise to screen their existing and new employees better.

I have a nearly 20 year relationship with Amazon, having started buying from them back in 2002. Over the years I have had occasion to return products that didn't work, weren't as advertised, didn't fit correctly, etc.

This past June, I returned a set of wireless earbuds that I had paid $50 for. They wouldn't stay in my ears if I moved my head, let alone for the sports I intended to use them for. So I returned them.

Five weeks later, I had not received my refund. I contacted customer service, provided the tracking details, including when the package had been received by Amazon. I was given the refund.

A couple of days later, I received an email from an Amazon "Account Specialist" written in grammatically poor English telling me that the product box was empty and they were pulling the refund until they received the product back. So basically I was being accused of theft! I was also accused of unusual account activity.

I put the product in the box myself and returned it sealed. It was definitely in the box when it reached Amazon, assuming it had not been opened previously.

I went back and forth with the nameless Account Specialist for maybe 4 emails and could not get any definition of exactly what the unusual activities were that I was accused of I was also threatened with account closure for not following Amazon's policies (again undefined).

I then escalated the complaint to Amazon's executive complaints department, which usually resolves problems amicably. That didn't really happen this time around. While I did get the refund reinstated, the 3 different reps in that office that I communicated with all declined to explain what the unusual account activity was or to apologize for accusing me of stealing their stupid $50 product.

The reality is that a large number of people hate working at Amazon. It has a reputation in the warehouses AND in the corporate offices of being a sweatshop. In figures from 2017 (latest apparently available), Amazon warehouses experienced a 100.9% employee turnover! Meanwhile white-collar workers as both employees and management experienced very high rates of attrition.

I wouldn't be surprised if the Amazon theft loss is far higher than industry standards, as this might be the only way for people to strike back at a company known for beating its workers into the ground.

Be careful who you praise!

GTX
GTX

Pure play Capitalism is when companies are allowed to fail. We are crony capitalism in the sense that we will keep bailing out companies. In Amazons case it was more of changing regulations to suit their needs and stifle the competition.

Jojo
Jojo

Yet another negative Amazon story:

Amazon sold items at inflated prices during pandemic according to consumer watchdog
Items sold by Amazon reportedly increased in price by up to 1,000 percent
Sep 11, 2020, 6:23am EDT

Snow_Dog
Snow_Dog

“The Amazon success story is US capitalism at its finest.”

Amazon controls the political content of our news via ownership of The Washington Post as well as the Cloud computing contract for the Central Intelligence Agency.

Yessiree! That makes for capitalism at its finest alright.

BDR45
BDR45

I am not a socialist, but I am concerned that Amazon has grown very large and railroaded out smaller more artisan businesses. And I congratulate Jeff Bezos for his entrepreneurial spirit, but can't there be some better balance between mega corporations and mom and pop businesses? Yes, I know small businesses can sell on Amazon, but why does is seem not quite right?

Sechel
Sechel

I think we need to watch microsoft on the monopoly front

Advancingtime
Advancingtime

I seriously beg to differ from this view of Amazon. It is difficult to quantify all the damage Amazon has done to America as it has burrowed its way into the fabric of society. Amazon is the destroyer of the stores that provide valuable jobs. Giving people "Free" Prime is a huge part of Amazon's engulf and devour strategy to weasel its way into our lives.

The article below explores some of the many ways Amazon has exploited communities by continually telling consumers it is the answer to a "better America" while it feeds at the government teat. It also urges people to consider what kind of community and society they want in the coming years before jumping on the Amazon bandwagon. Again I say, Boycott Amazon!

dr smock
dr smock

What happened to Mish's story on pharmaceutical companies?