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A comment on Amazon raises minimum wage to $15 for all US employees. Parent comment

Re:Amazon raises minimum wage to $15 for all US employees by Kim_Bruning on Tuesday October 02, 2018 @11:40AM (#18122681)
How do you keep the economy running as purchase power goes down? Traditionally, I don't think you can.

Henry Ford was one of the people to point this out; in the general case, you need to pay your workers enough (and keep prices low enough) that they can afford your products; else who can? (other threads have quoted him as well )

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Re:Amazon raises minimum wage to $15 for all US employees by hexane360 on Saturday October 06, 2018 @06:53PM (#18157781)
Note that one of the reasons the great depression was so bad was people underestimated the income elasticity of demand. This especially showed up in car manufacturing, where new car sales were almost entirely replaced by the used and repair markets.
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