MCViewPoint

Opinion from a Libertarian ViewPoint

EconomicPolicyJournal.com: Amazon Makes an Evil Move

Posted by M. C. Fox on October 3, 2018

http://www.economicpolicyjournal.com/2018/10/amazon-makes-evil-move.html#more

Amazon today announced it is increasing its minimum wage to $15 for all full-time, part-time, temporary (including those hired by agencies), and seasonal employees across the U.S.—effective November 1.

This is fine, Amazon should be able to play its employees whatever it wants.

But here is where they turn evil. In a press release announcing the wage hike, the company also states:

Amazon’s public policy team will also begin advocating for an increase in the federal minimum wage.

“We will be working to gain Congressional support for an increase in the federal minimum wage. The current rate of $7.25 was set nearly a decade ago,” said Jay Carney, Senior Vice President of Amazon Global Corporate Affairs. “We intend to advocate for a minimum wage increase that will have a profound impact on the lives of tens of millions of people and families across this country.

This, of course, flies in the face of free markets. If a wage is raised above market rates by government regulation, it will mean increased unemployment as those whose marginal revenue product is below the wage will be unemployable.

Amazon tends to demand statist measures whenever it will hamper competitors.

RW 

Subscriber comment

1) Amazon executives knows it can’t compete with other companies if it raises wages without forcing other companies to do the same.

2) Amazon is ahead of most industries in automation, so the execs figure the minimum wage will hurt other companies in a disproportionate amount to Amazon’s self-inflicted damage.

Be seeing you

Robot stealing your job.

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