Bezos Marx

Amazon has decided to offer $15 an hour to all employees and that is a good start but there is more they can do. In the United States they have 250,000 full time employee and 100,000 part time. If the full time people work 40 hours and the part time 20 hours they have 600 million man-hours per year. If they payed them an additional $15 and hour it would cost the company $9 billion annually. Sales this year will be about $200 billion so if they raised their prices by 4.5% they could do this. Bezos could be another Henry Ford. Ford was the guy who discredited Karl Marx when he started paying $5 per day which was enough to allow his employees to purchase a new Ford which cost $250. The workers were able to purchase what they made. Marx said this would never happen. Amazon employee would spend a good portion of their new found money on Amazon products. Another option is that Bezos could give part of his $150 billion personal fortune to the employees. He recently gave $2 billion to charity. Charity begins at home.