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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 blazespin on Tuesday October 02, 2018 @06:29PM (#18126254)
The economy is a sort of perpetual motion machine / ponzi scheme. It's based on some common hallucination that the things we buy matter, and it's all backed up by money we loan each other.

The moment we stop investing, borrowing and loaning, it will all come tumbling down. This is sort of what caused the panic of 2008 and why the governments had to step in with QE.

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Re:Amazon raises minimum wage to $15 for all US employees by wallace_f on Tuesday October 02, 2018 @06:44PM (#18126341)
Without population growth, big parts of many national economies become unsustainable. They're like MLM, Ponzi Schemes, or other pyramid schemes in this way.
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Re:Amazon raises minimum wage to $15 for all US employees by notfromhere on Wednesday October 03, 2018 @02:52PM (#18133522)
That's not true. Population growth and economic growth are related, but can happen without the other.
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Re:Amazon raises minimum wage to $15 for all US employees by wallace_f on Wednesday October 03, 2018 @09:46PM (#18136455)
An introduction: https://www.brookings.edu/blog/up-front/2016/05/02/two-solut...

>Aging populations pose a challenge to the fiscal and macroeconomic stability of many societies

Entitlements, leveraged risk-taking, investment. All these things depend on the next generation.

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Re:Amazon raises minimum wage to $15 for all US employees by mac01021 on Thursday October 04, 2018 @12:00AM (#18137089)
I'm not sure that's ever been demonstrated empirically.
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Re:Amazon raises minimum wage to $15 for all US employees by StreamBright on Wednesday October 03, 2018 @06:47AM (#18129057)
https://www.youtube.com/watch?v=FzN0bVvKmQI
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