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Amazon Proves Capitalism Works

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Published: 08 Dec 2021 › Updated: 08 Dec 2021Amazon Proves Capitalism Works

Amazon Proves Capitalism Works

During his primary campaign, Bernie Sanders waxed poetic about how the government needs to intervene in labor markets to boost worker wages. He also made a similar point about the government's need to provide free college education to every American. Fast forward, and these measures have essentially materialized - though it was the private secrtor that accomplished it, not the government. Amazon's company-wide minimum wage is $17, and they provide college education to their starting employees. To boot, they are also providing value to their customers in the form of convenience and lower prices. In a world where capitalism has accomplished so much, it begs credulity that people still cling to the tired arguements of the socialists.

https://www.wsj.com/articles/amazon-emerges-as-the-wage-and-benefits-setter-for-low-skilled-workers-across-industries-11638910694?mod=hp_lead_pos1

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