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I think this is a calculated move against Walmart. Amazon could easily survive in a $15 minimum wage environment, but it'd be a much larger blow to Walmart (wh
by nostromo 8y ago
I think this is a calculated move against Walmart.
Amazon could easily survive in a $15 minimum wage environment, but it'd be a much larger blow to Walmart (which employs many times more low wage workers), which would have to increase prices or reduce profitability.
"Your margin is my opportunity" - Jeff Bezos. This quote also works when thinking about raising your competitors' expenses.