Yeah, I know it's Amazon...
But this is a big fucking deal.
Here's the thing.
This is going to put pressure on other companies to do the same.
They also know that with the incredibly tight US labor market right now, they have to do this to make their seasonal bump.
I have always supported Amazon's disruption of the big box stores, as many of them have destroyed communities nationwide... yes, I recognize they don't fix the problem, but they let me get vengeance... which is nice.
This is a big step in the right direction, and we need to recognize that
I don't mean to be preachy here, not the point...
Just that when a company does what is asked, and right, then we need to acknowledge that. There is plenty more about them that needs to be fixed, absolutely.
But this is a big deal.
Change is coming despite USPOL.
Which means social pressure is working.
It means enacting change without the gatekeepers is entirely possible.
@thegibson seeing as that's part of the reason I stopped buying from them, that's good news.
Now they just gotta stop playing municipalities against one another, and a few other things.
@thegibson holy shit this has to be fake
@thegibson amazon busting unions while proving that unions work
@TheGibson My friend Orin likes to say that big box stores are the enemy that should be resisted as fiercely as an enemy occupation.
@thegibson "Amazon said it will also start advocating for an increase to the federal minimum wage." I know that's just because they want their competitors to have to do the same, but I guess sometimes you need to welcome an uneasy ally.
@cstanhope Take the help where you can.
@thegibson wait? Amazon has 250 k employees on minimum wage?
@loke I doubt it, but all employees are getting corresponding raises most likely.
@thegibson I honestly fail to see how this will help in the long term. I don't have anything against it at all (I have zero employees making $15/hr or less, and my employees are not all tech) but it will just increase the M3 in a local area, which will drive prices up. People will be back where they started in a year or two.
@jerephil That is certainly a possibility... no doubt.
@thegibson It's pretty much just math. 🤷♂️
By this reasoning, if the minimum wage were dropped and employees paid less, the cost of manufacture/goods would drop also and general welfare would level out to the same as today. Is that a conclusion you'd support?
Not being aggressive here btw, just curious to scope out your logic. Though, full disclosure, I think you're very mistaken.
@cathal @thegibson No, not at all unfortunately. It doesn't work the other way around due to psychology. In my opinion, most humans have a scarcity mindset, which is why prices rise when costs rise, and why prices don't (usually) go down when costs drop.
We're largely tribal/small group creatures and that influences everything we do, including allocating scarce resources towards one's own tribe. It's something that is pretty easy to spot when studying human history over a long enough timeline.
Happy to see your basis: I share some of the assumptions about behaviour, even though I still disagree about the likely economic outcomes. As another pointed out in the thread, I think the delta between the highest and lowest deciles is more important than the absolute incomes of either. Though even this increased wage will be a miniscule difference at grand scale,I'll grant you.
Minimum wage pol
Also, increased tax revenue and decreased safety net spending means that there'll be more resources for governments to spend elsewhere (including on other people using the safety net), potentially offsetting things there too.
Minimum wage pol
@bhtooefr @thegibson Why wouldn't resources increase in cost? Cost is a function of (raw materials + labor cost). If the people producing the resource - whomever and however that may be - earn more money, than the production cost of the resource has increased. This will result in an increased wholesale cost to distributors, which most definitely gets passed down the line to consumers.
Minimum wage pol
@bhtooefr @thegibson Oh but they do, because the cost of the raw materials is pretty similar math. Even if it's robots mining minerals, there is still the back end business operations people, the folks who deliver water jugs to the office of the company that owns the robots that mine minerals, the people who change the oil filters on the trucks that deliver the water, etc. Not to mention the people that maintain and supervise the robots that build the mining robots...
Minimum wage pol
Money, and raw materials, are inelastic commodities. Money also has diminishing marginal utility.
This money is also not appearing out of thin air, it is being redistributed from a place of low marginal utility (shareholder profits) to a place of much higher marginal utility (the working poor who will buy goods and services).
A bunch of technomancers in the fediverse. Keep it fairly clean please. This arcology is for all who wash up upon it's digital shore.