RE: Unemployment, Amazon wages
October 9, 2018 at 12:55 pm
(This post was last modified: October 9, 2018 at 12:57 pm by Crossless2.0.)
(October 9, 2018 at 12:43 pm)RoadRunner79 Wrote:(October 9, 2018 at 12:26 pm)Crossless2.0 Wrote: Bernie is voicing the concerns of the long-term employees. They are not his complaints.
So we are not crediting this to Bernie now?
In my first post on the subject (the one you gave a kudos), I said I didn't think the political pressure to raise wages was the primary motivation behind Amazon's decision. I still think that.
However, if Amazon caves to demands that it not screw its long-term employees in the process, that will probably be 100% attributable to Sanders and his political allies, bringing pressure and negative PR to Amazon's doorstep. If Amazon were a union shop, the employees wouldn't have needed to take their concerns to Bernie. But they're not a union shop, and they are availing themselves of whatever leverage they can gain. Bernie has the public profile to help give them that leverage.
(October 9, 2018 at 12:55 pm)alpha male Wrote: Lower taxes (Trump) and less burdensome regulation (Trump) --> greater investment in business --> more jobs --> lower unemployment --> employers forced to bid up wages.
That's a nice non-specific mantra. The proof is in the pudding, and that will vary from industry to industry and from business to business.
Some of this money from lower taxes wasn't reinvested in the businesses but was used for stock buy-backs. That's a very different sort of beast.