A Study on Whether Amazon Should Increase Employee Pay

DOI

10.2991/978-94-6463-441-9_58How to use a DOI?

Keywords

Amazon; Minimum wages; Motivation; Salary structure

Abstract

In recent years, numerous employees complain about salaries being relatively lower compared with the past, as people’s living standards raised. The research is aimed at a company-Amazon on whether to increase workers’ wages. This study found that increasing wages can raise employees’ efficiency and productivity, and the firm will have higher competitiveness compared to others as most of the people are willing to get higher salaries. However, some drawbacks occur when wages increased. It may not be useful for those low-income workers as the prices of goods and services may also increase. Overall, Amazon should still increase workers’ wages by differentiating skilled and unskilled workers or raise the salary cap on Amazon. In those methods, the company’s profits will not be affected to a great extent.

Copyright

© 2024 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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TY  - CONF
AU  - Yitian Song
PY  - 2024
DA  - 2024/06/21
TI  - A Study on Whether Amazon Should Increase Employee Pay
BT  - Proceedings of the 2023 International Conference on Economic Management，Financial Innovation and Public Service (EMFIPS 2023)
PB  - Atlantis Press
SP  - 684
EP  - 691
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-441-9_58
DO  - 10.2991/978-94-6463-441-9_58
ID  - Song2024
ER  -