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EP 20: POV Amazon's Greed, Whole Foods, Costco Trader Joe's and the Myth of The Good Wage

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Manage episode 202019087 series 1265230
Content provided by Matt Levine NaturalBusinessNews. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Matt Levine NaturalBusinessNews or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

While Amazon's acquisition of Whole Foods has received a lot of media attention, there has been little discussion of the impact on Whole Foods' employees. And the impact has been huge. But while Amazon's gutting of employee profit sharing is just plain greedy, it's nothing new. Ever since the last quarter of the 20th century corporations have been reducing wages, gutting unions and getting richer in the process. And the conventional wisdom about good places to work, places like Costco, Trader Joe's and others, ignores the fact that in 1980 the average grocery store worker, when wages are adjusted for inflation made nearly twice as much as today.

--- Support this podcast: https://podcasters.spotify.com/pod/show/matt-levine0/support
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36 episodes

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iconShare
 
Manage episode 202019087 series 1265230
Content provided by Matt Levine NaturalBusinessNews. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Matt Levine NaturalBusinessNews or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

While Amazon's acquisition of Whole Foods has received a lot of media attention, there has been little discussion of the impact on Whole Foods' employees. And the impact has been huge. But while Amazon's gutting of employee profit sharing is just plain greedy, it's nothing new. Ever since the last quarter of the 20th century corporations have been reducing wages, gutting unions and getting richer in the process. And the conventional wisdom about good places to work, places like Costco, Trader Joe's and others, ignores the fact that in 1980 the average grocery store worker, when wages are adjusted for inflation made nearly twice as much as today.

--- Support this podcast: https://podcasters.spotify.com/pod/show/matt-levine0/support
  continue reading

36 episodes

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