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Not sure how Amazon can "step in" and raise wages will somehow save this. Earlier raises in the minimum wage have been largely erased by inflation already. A
by starkd 5y ago
Not sure how Amazon can "step in" and raise wages will somehow save this. Earlier raises in the minimum wage have been largely erased by inflation already. Another round of raises just pushes prices up more.
- throwawaygh 5y agoMore to the point, raising wages (caused by union contracts that pegged wages to inflation) was the root cause of 70s stagflation. OP is horribly confused about basically everything, and to the extent that he's correct about some conclusions it's entirely by accident.