return2ozma@lemmy.world to Work Reform@lemmy.world · 1 month agoAmazon cloud boss says employees unhappy with 5-day office mandate can leavewww.cnbc.comexternal-linkmessage-square73fedilinkarrow-up1348arrow-down15cross-posted to: economy@lemmy.worldtechnology@lemmy.worldantiwork@lemmy.mlnews@lemmy.world
arrow-up1343arrow-down1external-linkAmazon cloud boss says employees unhappy with 5-day office mandate can leavewww.cnbc.comreturn2ozma@lemmy.world to Work Reform@lemmy.world · 1 month agomessage-square73fedilinkcross-posted to: economy@lemmy.worldtechnology@lemmy.worldantiwork@lemmy.mlnews@lemmy.world
minus-squareCryophilia@lemmy.worldlinkfedilinkarrow-up2·1 month agoYou think Amazon is secretly massively investing in local small businesses??
minus-squarepeopleproblems@lemmy.worldlinkfedilinkarrow-up2arrow-down2·1 month agoNo. They invest in funds that own buildings that rent to small businesses. They need businesses to stay so they can charge them rent. The Amazon owned buildings then maintain and grow their value with inflation. Think about inflation - who does it benefit? Only property owners.
minus-squareCryophilia@lemmy.worldlinkfedilinkarrow-up1·1 month agoAmazon is landlords now? I’ve never heard of any of these funds.
minus-squarepeopleproblems@lemmy.worldlinkfedilinkarrow-up5·1 month agoNot directly but any big company that has any form of corporate retirement benefit has it through private equity. I highly doubt any of it is publicly traded. But Amazon itself owns 25 buildings in the South Lake Union area of Seattle.
minus-squareCryophilia@lemmy.worldlinkfedilinkarrow-up1·1 month agoAmazon doesn’t do pensions or any sort of corporate retirement benefit…it’s all 401k like most US companies. Pensions are very rare here.
You think Amazon is secretly massively investing in local small businesses??
No. They invest in funds that own buildings that rent to small businesses.
They need businesses to stay so they can charge them rent. The Amazon owned buildings then maintain and grow their value with inflation.
Think about inflation - who does it benefit? Only property owners.
Amazon is landlords now? I’ve never heard of any of these funds.
Not directly but any big company that has any form of corporate retirement benefit has it through private equity. I highly doubt any of it is publicly traded. But Amazon itself owns 25 buildings in the South Lake Union area of Seattle.
Amazon doesn’t do pensions or any sort of corporate retirement benefit…it’s all 401k like most US companies. Pensions are very rare here.