Thread: Amazon ups hourly wage to $15, will advocate for higher pay
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Old 10-19-2018, 02:52 PM   #71
pwalker8
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Quote:
Originally Posted by DuckieTigger View Post
I don't see the problem. They used to undercut everybody else to grab marketshare, right? Why couldn't they do that again? Except this time they are not lowering the prices, but keeping the prices the same as if nothing happened. Don't worry, it will be only temporary until everybody else is forced to increase their prices after Amazon out of the goodness of their heart successfully lobbies for increasing all competitors wages as well.

That is how you stick it to the politician.
Sorry, got side tracked from the important stuff by work.

The technical term is rent seeking, i.e. using the power of government to put you in a more advantageous situation.
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