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Amazon knows most of that $15/hour will be paid into Amazon - regardless of employer - as they have 51% of American commerce. They're turning America into a hug
by stephengillie 8y ago
Amazon knows most of that $15/hour will be paid into Amazon - regardless of employer - as they have 51% of American commerce. They're turning America into a huge company town.
- bootlooped 8y agoI think that is a bit of an exaggeration. Housing, utilities, groceries, insurance, transportation, education; all major areas where Amazon has zero or negligible presence. eCommerce is not a major family budget item for most households.
- sib 8y agoThey don't have anywhere near close to 51% of American commerce. * Total US Retail sales in 2018: ~$5.4 Trillion * Amazon trailing 12 months revenue as of June 30, 2018: $208B. This is a little less than 4% (and that's assuming all Amazon revenue is US-based and retail sales, rather than AWS or other...) You may be thinking of share of growth of US eCommerce.