MORGAN STANLEY: Here’s how Amazon can offset $3 billion of wage increases (AMZN)
|10/22/2018||Posted by BusinessMediaguide.Com under General World News||
- Amazon‘s wage hike will take effect in two weeks, and Morgan Stanley says its cost is “manageable.”
- The compensation increase will lift the company’s operating expenses by $2.75 billion, according to Morgan Stanley analyst Brian Nowak.
- Meanwhile, Amazon’s previous investment in warehouse’s Kiva robots will increase its fulfillment efficiency and offset the wage increase, he added.
- Watch Amazon trade in real time here.
Amazon announced earlier this month that it is raising minimum wage for US and UK employees starting in November, and Morgan Stanley analysts say the cost is “manageable” as fulfillment efficiency improves from the company’s Kiva read more >>>