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A Study on Whether Amazon Should Increase Employee Pay

In: Proceedings of the 2023 International Conference on Economic Management, Financial Innovation and Public Service (EMFIPS 2023)

Author

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  • Yitian Song

    (RDFZ Chaoyang Branch School)

Abstract

In recent years, numerous employees complain about salaries being relatively lower compared with the past, as people’s living standards raised. The research is aimed at a company-Amazon on whether to increase workers’ wages. This study found that increasing wages can raise employees’ efficiency and productivity, and the firm will have higher competitiveness compared to others as most of the people are willing to get higher salaries. However, some drawbacks occur when wages increased. It may not be useful for those low-income workers as the prices of goods and services may also increase. Overall, Amazon should still increase workers’ wages by differentiating skilled and unskilled workers or raise the salary cap on Amazon. In those methods, the company’s profits will not be affected to a great extent.

Suggested Citation

  • Yitian Song, 2024. "A Study on Whether Amazon Should Increase Employee Pay," Advances in Economics, Business and Management Research, in: Peng Dou & Keying Zhang (ed.), Proceedings of the 2023 International Conference on Economic Management, Financial Innovation and Public Service (EMFIPS 2023), pages 684-691, Springer.
    • Handle: RePEc:spr:advbcp:978-94-6463-441-9_58
    DOI: 10.2991/978-94-6463-441-9_58
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