RE: Unemployment, Amazon wages
October 9, 2018 at 8:45 pm
(This post was last modified: October 9, 2018 at 8:55 pm by Seraphina.)
I'm happy to see that Amazon is raising its wage floor to $15/hour. But I have to wonder if the people who are falling all over themselves to clap for Amazon are the same people who were bitching about California raising its minimum wage to $15/hour in step increases by 2022. I mean, I had working class friends - who will benefit from CA's wage increase - who were complaining about it. Basically spouting the same talking points they heard on tv and online. The loyalty to their conservative overlords is strong, I guess.
-Teresa
Except when companies elect to keep their profits for themselves - like paying their executives millions in compensation - instead of investing their capital. The ability of a business to invest is important but your link from greater investment in business to more jobs is often broken, unfortunately.
Your spending is my income and my spending is your income. But when it's all about garnering as much as possible for a select few, it's the working masses that lose out.
-Teresa
-Teresa
(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.
Except when companies elect to keep their profits for themselves - like paying their executives millions in compensation - instead of investing their capital. The ability of a business to invest is important but your link from greater investment in business to more jobs is often broken, unfortunately.
Your spending is my income and my spending is your income. But when it's all about garnering as much as possible for a select few, it's the working masses that lose out.
-Teresa
.
