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Even Amazon must heed the basic laws of politics and economics | Larry Elliott

Even Amazon must heed the basic laws of politics and economics | Larry Elliott

6 years ago
Anonymous $oIHRkISgaL

https://www.theguardian.com/technology/2018/oct/02/even-amazon-must-heed-laws-politics-and-economics

Tech giant’s minimum wage rise more to do with looming labour shortage than philanthropy

Amazon is a trillion-dollar company run by the world’s richest man. It has come from nowhere to be an online behemoth in less than one-quarter of a century. Yet even the biggest company, this behemoth of behemoths, is vulnerable to concerted political pressure and has to live with the basic laws of demand and supply.

Even Amazon must heed the basic laws of politics and economics | Larry Elliott

Oct 3, 2018, 9:24am UTC
https://www.theguardian.com/technology/2018/oct/02/even-amazon-must-heed-laws-politics-and-economics > Tech giant’s minimum wage rise more to do with looming labour shortage than philanthropy > Amazon is a trillion-dollar company run by the world’s richest man. It has come from nowhere to be an online behemoth in less than one-quarter of a century. Yet even the biggest company, this behemoth of behemoths, is vulnerable to concerted political pressure and has to live with the basic laws of demand and supply.