Amazon may be making record revenues, but they aren’t making record profits.
shipping costs are probably killing them
You are undoubtedly right. Just as worker’s wages aren’t actually dropping, but are the beneficiaries of Biden’s insane inflation.
I have come to the conclusion that inflation needs to be controlled and small, largely so that congenital liars have less to lie about.
We are about to relive the 70’s as if it’s all new.
The key to Amazon’s growth was that they ran at losses for years, putting every possible penny back into the company. In fact, to this day, Amazon has yet to pay a single dividend back to shareholders.
A TRUE statement which NO ONE has the common sense to pay attention to.
According to what I have read Amazon’s profits such as they are come from the sale of digital content. That the digital content is in fact subsidizing the hard goods. I’m not criticizing that. Many companies use more profitable divisions to prop up the less profitable ones. Because they need them both.
It does not take multiple postgraduate degrees in economics to know that there’s no profit involved in delivering $10 items one at a time for no delivery charge. Hell, even if they were charging delivery it wouldn’t be profitable.
Amazon does treat its labor like crap. Works them to death and discards them if they become injured. That said if the people they are treating in this manner feel that climate change is a major demand as employees, then maybe they deserve to get exploited for being stupid.