Re:Amazon raises minimum wage to $15 for all US employees
by ttoinou on Tuesday October 02, 2018 @04:26PM
(#18125404)
But this company buys products from others company so ultimately an increase in wages will feed through almost all inputs, hence output. Your calculation is wrong
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Re:Amazon raises minimum wage to $15 for all US employees
by joh6nn on Tuesday October 02, 2018 @08:59PM
(#18126904)
Yes, you already said that. You asked what would happen if their supply chain raised payroll (and therefore prices) by $1M/mo. And I answered that question.
Re:Amazon raises minimum wage to $15 for all US employees
by ttoinou on Wednesday October 03, 2018 @04:08AM
(#18128397)
No my question is setting the minimum wage to 1 million USD per month (per employee obviously). Of course 1 million USD / month more in cost is nothing
Re:Amazon raises minimum wage to $15 for all US employees
by joh6nn on Wednesday October 03, 2018 @01:09PM
(#18132367)
Obviously that wage isn't sustainable. The good news is that the majority of people discussing wage increases are making good-faith arguments about sustainable increases, and are not asking for a (ridiculous) $12M/yr minimum wage.
I'm not sure I understand what point you're trying to make by presenting a hypothetical wage that's 5 orders of magnitude larger than the situation being discussed.
Re:Amazon raises minimum wage to $15 for all US employees
by ttoinou on Thursday October 04, 2018 @06:21AM
(#18138576)
That you cannot create money out of thin air, that you are only trying to force increasing the relative value of labor vs. capital / land / moral hazard etc.
If your increase in minimum wage follows productivity then what's the point ? It's like voting for no child labour laws after most of the children are not working anymore