Comment on Imagine if Amazon and all jobs out there were cooperatively owned?
shalafi@lemmy.world 23 hours agoInflationary as giving everyone a million bucks would be, this was the 90s. $1M would net you a fair retirement.
Comment on Imagine if Amazon and all jobs out there were cooperatively owned?
shalafi@lemmy.world 23 hours agoInflationary as giving everyone a million bucks would be, this was the 90s. $1M would net you a fair retirement.
Lodespawn@aussie.zone 21 hours ago
Google says $1M in 1990 is worth just under $2.5M today. I guess in the 90s houses were worth more like a 20th to a 10th of that rather than a 5th but I think you’d still have been pretty short sighted to give up working on that kind of windfall. Giving every American $1M is not anything like what the original post is talking about. It’s talking about taking half of Bezos net worth and giving it to Amazon employees, which equates to maybe 2 years of a shitty wage, and would likely only be deliverable as stock in Amazon. The other point about redistributing some of the 1%s wealth to the wider citizens of the USA again only nets each individual 70k. Noones quitting their job over that and most people will be either be dumping it straight back I to the economy or paying down some debt.