Economists: "Are monopolies bad?"
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While i like amazon, its seems only logical that too huge an economic trench and wealth consolidation would stagnate innovation and efficiency
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We don’t need a think tank to figure this stuff out.
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The rich only want to get richer. And keeping the peasants down is something they love to do. Minimum wage will not pay rent buy groceries and pay utilities. It's cruel to expect anyone to try.
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Wages are a function of competition among wage payers for the best workers. If there are just enough jobs for the work force and wages are supplemented by government assistance then there is no draw to seek out higher paying work elsewhere. Either punish companies for having
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too many welfare recipients as a ratio to profits earned, or raise the minimum wage significantly to force the issue.
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Asking whether "superstar" companies and the Amazon effect is changing the economy is a rhetorical question. But are the "superstar" companies really superstars, or are they likely to be short lived?
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The world just got too big for corporations?
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Democrats opened up mass immigration in 1965, flooding the country with tens of millions of low wage workers. Immediately after, wages stagnated. Import more laborers, cost of labor goes down. Simple supply and demand.
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This is exactly what the republican party supports!
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Bezos and the rest of the tech billionaires are Democrats, but good point.
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