News for hackers. Stuff that matters.

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 TheCoelacanth on Tuesday October 02, 2018 @12:07PM (#18122918)
The voluntary interaction argument falls apart in the presence of a labor monopsony.
[ Parent | on HN ]
Re:Amazon raises minimum wage to $15 for all US employees by ttoinou on Tuesday October 02, 2018 @12:24PM (#18123091)
It's not a full monopsony, there's often choice. And increasing minimum wage increases their monopsony power because it favors big companies that can afford it (here, Amazon).
[ Parent | on HN ]