Re:NY state tax break is $48k per Amazon HQ job
by edanm on Thursday November 15, 2018 @03:28AM
(#18457731)
> There are laws against paying people $1/hr for a very good reason - because if they could corporations would do that to maximize profits. All the employees would suffer. The corporation would make more money.
And yet lots of companies pay people more than the minimum wage, for some reason. Doesn't that by itself disprove the "race to the bottom" narrative you are suggesting?
A company can't simply dictate how much it pays you, any more than you can dictate how much it pays you. It's a market - in the best case scenario, both sides have lots of alternatives, and the price you get paid is the best that both of you can do (lowest for them, highest for you).
And yet lots of companies pay people more than the minimum wage, for some reason. Doesn't that by itself disprove the "race to the bottom" narrative you are suggesting?
A company can't simply dictate how much it pays you, any more than you can dictate how much it pays you. It's a market - in the best case scenario, both sides have lots of alternatives, and the price you get paid is the best that both of you can do (lowest for them, highest for you).