After endless criticism from Sanders toward Amazon and Soros for hoarding wealth at the expense of workers, Amazon announced it's raising minimum wage to 15 an hour.
Originally posted by @vivify https://www.washingtonpost.com/business/2018/10/02/amazon-announces-it-will-boost-minimum-wage-all-workers-after-facing-criticism/?utm_term=.96edec8131d0
After endless criticism from Sanders toward Amazon and Soros for hoarding wealth at the expense of workers, Amazon announced it's raising minimum wage to 15 an hour.
Good news. Bezos is a greedy pig who never would have done the right thing without being pressured.
@whodeysaid Actually it works in his favor. Now that he is the top dog, all he has to do is drive up costs to help keep competitors away.
He now has a monopoly of sorts.
Peter Schiff said the same thing, but he says Bezos will lobby congress to raise minimum wage to do that. If that is what he has planned I don't see a problem with it. At least wages will rise, although it should happen because of increased demand for workers instead of artificially raising wages.
@metal-brainsaid At least wages will rise, although it should happen because of increased demand for workers instead of artificially raising wages.
That's not how corporations work. An increased demand for workers mean less profits. Corporations always have and always will find a way cut costs of human labor.
This is why so man companies outsource to countries where they run sweatshops for pennies a day. This is why Amazon started using drones to deliver packages, or why McDonald's started implementing self-serve kiosks.
Corporations don't care about the people needed to make their company work. If business can find a way to cut out people (or pay them less), they always will. This is why we need people like Sanders; people who care about common person, rather than giving rich people tax breaks, who end up firing thousands of workers anyway.
@vivifysaid That's not how corporations work. An increased demand for workers mean less profits. Corporations always have and always will find a way cut costs of human labor.
This is why so man companies outsource to countries where they run sweatshops for pennies a day. This is why Amazon started using drones to deliver packages, or why McDonald's started implementing self-serve ...[text shortened]... on person, rather than giving rich people tax breaks, who end up firing thousands of workers anyway.
I agree. Outsourcing keeps wages suppressed and so does the VISA Lottery. The elites even have the Federal Reserve System put the brakes on the economy before wages can rise enough to keep up with inflation.
Props to Bernie Sanders
02 Oct '18 14:151 edit
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