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Re: Business & Politics News and Discussions
Posted: Tue Sep 14, 2021 7:28 pm
by weatheriscool
Amazon boosts hourly pay to over $18, to hire 125,000 workers
Source: Yahoo-Reuters
Amazon.com Inc hiked its average starting wage to $18 per hour on Tuesday and said it plans to hire more than 125,000 warehouse and transportation workers in the United States.
Reuters exclusively reported the news earlier on Tuesday.
The world's largest online retailer also said it would pay a sign-on bonus of $3,000 in some locations and the hourly wage could go up to $22.50. Amazon was among the first few retailers to set a $15 an hour minimum wage in 2018.
Amazon had said in May it would pay around $17 in average wages.
Read more:
https://finance.yahoo.com/news/amazon-h ... 35619.html
Re: Business & Politics News and Discussions
Posted: Tue Sep 14, 2021 7:30 pm
by Yuli Ban
weatheriscool wrote: ↑Tue Sep 14, 2021 7:28 pm
Amazon boosts hourly pay to over $18, to hire 125,000 workers
Source: Yahoo-Reuters
Amazon.com Inc hiked its average starting wage to $18 per hour on Tuesday and said it plans to hire more than 125,000 warehouse and transportation workers in the United States.
Reuters exclusively reported the news earlier on Tuesday.
The world's largest online retailer also said it would pay a sign-on bonus of $3,000 in some locations and the hourly wage could go up to $22.50. Amazon was among the first few retailers to set a $15 an hour minimum wage in 2018.
Amazon had said in May it would pay around $17 in average wages.
Read more:
https://finance.yahoo.com/news/amazon-h ... 35619.html
Do more of this, and their reputation might improve and Bezos could be regarded more in line with Henry Ford
Re: Business & Politics News and Discussions
Posted: Wed Sep 15, 2021 4:14 am
by raklian
Why We Need Modern Monetary Theory (MMT) and Why It Needs Universal Basic Income (UBI)
Going from "can we pay for it?" to "can we resource it?" is the mindset shift needed for a human-centered resource-based economy built with a mindset of abundance on a foundation of human rights.
https://vocal.media/theSwamp/why-we-nee ... income-ubi
Re: Business & Politics News and Discussions
Posted: Thu Sep 23, 2021 5:02 pm
by raklian
Re: Business & Politics News and Discussions
Posted: Tue Sep 28, 2021 7:45 pm
by Outlook
Yuli Ban wrote: ↑Tue Sep 14, 2021 7:30 pm
weatheriscool wrote: ↑Tue Sep 14, 2021 7:28 pm
Amazon boosts hourly pay to over $18, to hire 125,000 workers
Source: Yahoo-Reuters
Amazon.com Inc hiked its average starting wage to $18 per hour on Tuesday and said it plans to hire more than 125,000 warehouse and transportation workers in the United States.
Reuters exclusively reported the news earlier on Tuesday.
The world's largest online retailer also said it would pay a sign-on bonus of $3,000 in some locations and the hourly wage could go up to $22.50. Amazon was among the first few retailers to set a $15 an hour minimum wage in 2018.
Amazon had said in May it would pay around $17 in average wages.
Read more:
https://finance.yahoo.com/news/amazon-h ... 35619.html
Do more of this, and their reputation might improve and Bezos could be regarded more in line with Henry Ford
Bezos the virulent anti-semite.
Re: Business & Politics News and Discussions
Posted: Thu Sep 30, 2021 3:16 am
by Yuli Ban
Re: Business & Politics News and Discussions
Posted: Fri Oct 01, 2021 5:49 pm
by Yuli Ban
Might need a "Collapse Watch Thread"
Re: Business & Politics News and Discussions
Posted: Fri Oct 08, 2021 8:00 pm
by caltrek
The Postal Service is a Service - Not a Business
by Jim Hightower
October 6, 2021
https://otherwords.org/the-postal-servi ... -business/
Introduction:
(Other Words) Corporate ideologues never cease blathering that government programs should be run like a business.
Really? What businesses would they choose? Pharmaceutical profiteers? Big Oil? Wall Street money manipulators? High tech billionaires? Airline price gougers?
The good news is that the great majority of people aren’t buying this corporatist blather. Instead, by a 2-to-1 margin, Americans stunned smug right-wing privatizers by specifically declaring in a poll last year that our U.S. Postal Service should not be “run like a business.”
Indeed, an overwhelming majority, including half of Republicans, say mail delivery should be run as a “public service.”
In fact, having proven that this nearly 250-year-old federal agency can consistently and efficiently deliver to 161 million homes and businesses day after day, it’s time to let the agency’s trusted, decentralized, well-trained workforce provide even more services for our communities
Re: Business & Politics News and Discussions
Posted: Mon Oct 11, 2021 5:39 pm
by weatheriscool
Soaring Home Prices Are Roiling Appraisals and Upending Sales
More properties are being valued below their agreed-upon sales prices, causing deals to collapse
About 13% of appraisals of homes came in below the contract price in August, according to housing-data provider CoreLogic.
PHOTO: BRANDON BELL/GETTY IMAGES
By Nicole Friedman
https://twitter.com/nicolefriedman
nicole.friedman@wsj.com
Oct. 10, 2021 5:33 am ET
Jason and Talitha Brooks listed their house in Orange Park, Fla., in June at $320,000. After receiving multiple bids, the couple accepted an offer at $335,000. But the appraiser, hired by the buyer’s lender, valued the home at only $305,000. The Brookses and the buyer couldn’t agree on a new purchase price, and the deal fell through.
“This whole appraisal process, it’s just so subjective,” Mr. Brooks said.
An unusually high number of homes across the country are being appraised below their agreed-upon sales prices, causing a number of deals to collapse.
Home prices have soared in recent months. (1) Buyers are frequently paying above asking price to win bidding wars, and appraisals haven’t always kept up with those rapid price increases. About 13% of appraisals came in below the contract price in August, according to housing-data provider CoreLogic. That was down from a recent high of 19.7% in May but above 7.3% in January 2020, a rate CoreLogic said is more typical for the housing market.
“I don’t remember any time where the frequency of buyers being willing to pay so much more than the market data was this high,” said Shawn Telford, chief appraiser at CoreLogic.
The gulf between contract prices and appraised values highlights the risks to buyers in the current market, especially those stretching their budgets to win a bidding war. Mortgage lenders will typically lend only enough to cover the appraised value of a home. So when an appraisal comes in below the contract price, the buyer has to make up the difference, renegotiate the price or let the deal fall through.
{snip}
(1)
https://www.wsj.com/articles/u-s-home-p ... 1630414873
Re: Business & Politics News and Discussions
Posted: Mon Oct 11, 2021 7:20 pm
by Yuli Ban
It's clear there's going to be a MASSIVE collapse in a few months. I can only wonder what a boring piece of toast like Biden's going to do about it.