Amazon is facing a new issue and it's that,
in the relatively near future there might be nobody for
them to hire because they've burned through the entire US workforce.
That seems absurd.
It seems like something out of some sort of dystopic sci fi novel.
But no it's real, they're worried that this could happen in two years.
By the time the next presidential election runs around, they might have to be re
upping employees that they burned through and then they might have to rehire them.
They said according to a research report, if we continue business as usual,
we will deplete the available labor supply in the US network by 2024.
Also calling it the US network just seems so cyberpunk.
Anyway, amazon didn't refute the contents of the report.
This seems to be accurate.
They said that in certain locales the issue is particularly bad
in Phoenix Arizona, they're like by the end of last year they'll have gone through
everyone that could conceivably higher.
The Inland Empire region, which isn't far from here in California by
the end of this year, their attrition rate was 123% in 2019.
It had risen two years ago to 159%.
Which if we could bring up this graphic you'll see is significantly higher than
the usual.
Usually you do burn out a good percentage of your employees but not going
through more than all of your employees per year that is not actually normal.
Now, there are things that can be done to fix this problem.
They consider these novel solutions like raising wages, they also might want to
increase warehouse automation, which I guess is a solution, you don't have
to replace an employee when you've made the employee redundant I suppose.
But anyway, those are some of the levers they're considering pulling on to fix this
problem.
But the big issue Francesca is obviously that it clearly sucks to work there and
isn't worth the money if so many people are quitting every single year.
>> Right, and this is with $15 an hour after Bernie Sanders,
hiring them forever, right?
This is with certain benefits even then Amazon is a crap
place to work and it's just so totalitarian and
insane that accompany that large could burn through a word.
Inland Empire is huge.
There's a lot of people there and
the fact that they could burn through the workforce by the end of the year is crazy.
It's a testament to how horrible they are.
And so, it's just a problem I never considered, I was like,
what does that even mean?
And I think Amazon like so many corporations right now are in a moment,
right where they cannot fully automate AI is so far behind and
whatever else you need to replace actual people.
And we've got, I would say a 20, 30 year gap here and I think workers in the last
years have been showing including workers at Amazon that hell no, that gap is ours.
This is our time to actually rise up and say, we know you're far away
from automating our jobs away and we actually know that automation more so
than immigration is the biggest threat to working class jobs into good jobs.
And we know that you need us.
Hence the ball is in our court right now.
And so, Amazon's pissed.
Like, man, you guys don't operate like robots.
Even the robots, if there were robots, they'd be like, I must cool down.
You know what I mean?
If it were the MacBook would be like we're in the sun too much.
Whatever it says.
>> [LAUGH] >> That's what mine says.
It says, I'm in the sun.
[LAUGH] >> My phone actually shut down
because of that.
Yeah, we don't treat people as well as we treat a phone on a hot day.
>> Yeah. >> Yeah, here's an idea.
Three day prime no more today.
Just make it three.
We can wait, no more same day stuff seriously.
If you need it, same day there are stores, honestly.
And I've used it.
Yeah, I mean, I don't want to cuz you see people when you go to stores, but
I don't know, maybe make the work not so grindingly depressing and
maybe make it so you're not churning through people.
You could actually do that.
And by the way, could you raise the wages?
Yes.
Should you raise the wages?
Yes.
Is that necessarily gonna fix the problem though?
I don't know.
It used to be a thing back when I was in college,
FedEx was the place in place of Amazon.
At that point it was easy.
You could you could go there easily.
You made okay money but you worked there for about three months and
then your body was destroyed.
Okay, it doesn't have to be that way though.
You could switch it up.
We don't need things as quickly as you're sending them.
You've made us used to that, we could get used to the opposite in the same way that
we've gotten used to remote work.
We could get used to no two day prime, maybe.
>> Absolutely, people go to the bathroom when they wanna go to the bathroom and
a million other things.
>> Let them do that.
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