On Its 25th Birthday, Amazon Faces Some Challenges
Amazon has a lot to smile about because it celebrates its 25th birthday. However, the groundbreaking company can be dealing with many dispute and issues.
From calls for it’s broken up by high-powered officials to questions on its worker pay and growing rivals, the Seattle-based firm could be facing a quarter-life crisis. Sen. Elizabeth Warren would not like what she sees in Big Tech. The Democratic presidential candidate released a plan to break up big companies like Amazon(AMZN).
She desires to impose new guidelines on certain kinds of tech companies which have $25 billion or more in annual income, and unwind some high-profile alliances such as Amazon’s $13.7 billion purchase of Whole Foods.”Today’s big tech firms have too much energy over our economic system, our society, and our democracy.
They’ve bulldozed race, used our private information for profit, and turned the playing field against everybody else. And in the process, they have damaged small businesses and smothered innovation,” Warren wrote in a Medium blog post published in March. Rep. Alexandria Ocasio-Cortez has pushed Amazon CEO Bezos for being a billionaire while his company pays its warehouse workers what she knew as “hunger wages.”
She later stated in an interview with ABC News that the company’s low worker wage has helped make Bezos the world’s richest person.
In answer to the New York Democrat, Amazon stated she is “simply wrong.” The corporate says it pays a $15 minimum wage and offers full benefits to employees in their first days on the job. It is also noted that it has lobbied to raise the federal minimum wage.
Senator Bernie Sanders has also made similar arguments against Amazon’semployee payment.