Amazon’s hourly workers lose monthly bonuses and stock awards as minimum wage increases

Well, you didn’t expect Bezos to let go of his space dreams because he has to pay his workers a bit more did you?

Amazon’s minimum-wage increase for its hourly workers comes with a trade-off: no more monthly bonuses and stock awards.

Amazon confirmed in an email to CNBC that the company is getting rid of incentive pay and stock option awards as it increases the minimum wage to $15 per hour. The company, however, stressed that the wage increase “more than compensates” for the loss in other benefits.

“The significant increase in hourly cash wages more than compensates for the phase out of incentive pay and [restrictive stock units],” Amazon’s spokesperson said in an emailed statement. “We can confirm that all hourly Operations and Customer Service employees will see an increase in their total compensation as a result of this announcement. In addition, because it’s no longer incentive-based, the compensation will be more immediate and predictable.”

42 Lomasney Way

Also known as Boston’s last tenement:

42 Lomasney Way is a tenement brownstone located in Boston’s West End. Built in the 1870s, the building has been called The Last Tenement, as it is the only building that was not demolished during the West End’s redevelopment phase or subsequent construction periods.

Following the redevelopment of the West End, the building was occupied for some time by an associate of the Angiulo Brothers, which was a leading gang in the North End until the Winter Hill Gang decided to run rackets in the area.[3][5][6] Since then, the building has been purchased and redeveloped by a private owner.[3] The City of Boston estimates the property’s value at roughly $700,000 as of 2015.[7] The building has been compared to the 2009 film Up due to similarities between the house in the film and the building.[6]

15 Years of Blogging

Damn. I started this blog on September 28, 2003 because I was finding so much amazing stuff on the internet and wanted to share it. I was also incensed with what was going on in politics with George W. Bush starting a war against a country under false pretenses. I’m so glad the political climate has quieted down since then.

I already did a post back when I returned from retirement about how I, and this blog, have changed in the past 15 years so I won’t bore you with that again. But I do want to thank all of you for putting up with the joys, sadness, mistakes, stupidity, and everything wonderful that I post here from week to week. I would have quit this long ago (permanently!) if it weren’t for you. Thank you so much for everything. Here’s to another 15 years!

Jeff Flake on Trump’s Mocking of Dr. Ford

Use your vote Senator! Use it to denounce Trump and his rapey nominee. Of course Flake will probably end up voting for Kavanaugh come Friday.