Sen. Bernie Sanders recently came up with a new business to attack: Amazon. Sanders said Amazon didn’t pay its workers enough and because of that, many qualified for government assistance.
At first, Amazon CEO Jeff Bezos defended his company.
That was the right thing to do, says John Stossel. He notes: “It’s not companies’ fault that some workers qualify for handouts. More people would collect them if Amazon were not hiring. By creating jobs, Bezos gives workers better choices.”
But the media rarely mention that. Instead, they bombarded Amazon with negative coverage.
So Bezos caved. He declared that all Amazon workers would now all be paid $15 an hour or more. That higher wage sounds good to most people, but Stossel point out that while the higher minimum is good for workers who have jobs now, it can shut out beginners.
But Amazon did not stop there. It has also begun lobbying for the government to force all its competitors to pay a higher minimum wage too.
Click here for full text and downloadable versions.
Subscribe to our YouTube channel.
Like us on Facebook.
Follow us on Twitter.
Subscribe to our podcast at iTunes.
The views expressed in this video are solely those of John Stossel; his independent production company, Stossel Productions; and the people he interviews. The claims and opinions set forth in the video and accompanying text are not necessarily those of Reason.
from Hit & Run https://ift.tt/2DCosnA
via IFTTT