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Amazon pays above minimum wage, so the only thing increasing minimum wage will do is reduce the job supply and make people even more desperate to keep the Amazo
by pathseeker 7y ago
Amazon pays above minimum wage, so the only thing increasing minimum wage will do is reduce the job supply and make people even more desperate to keep the Amazon jobs.
- DJHenk 7y agoNo, no. If you pay unskilled workers more, they will spend more and the overall economy benefits. There will be more jobs and everybody will be happy. This is called Spray Up Economics.
- therealdrag0 7y agoYou also price the bottom end out of the market. Sure mega-corps can afford to pay workers more, but half employees work for small businesses which are very sensitive to minimum wages. When wages go up it can be harder for employers to justify hiring teenagers, older, or disabled folk for entry level jobs like being a bus-boy.