When Sears flourished, so did workers. At Amazon, it’s complicated.

Source: Nelson D. Schwartz & Michael Corkery, New York Times (Paid Registration)

Half a century ago, a typical Sears salesman could walk out of the store at retirement with a nest egg worth well over a million in today’s dollars, feathered with company stock. A warehouse worker hired now at Amazon who stays until retirement would leave with a fraction of that.

Much as Sears has declined in the intervening decades, so has the willingness of corporate America to share the rewards of success. Shareholders now come first and employees have been pushed to the back of the line.

Read Full Article: When Sears flourished, so did workers. At Amazon, it’s complicated.

 

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