Thousands of Amazon Workers "Won" $15 an Hour... Just Another Monetarist Mirage

While many Amazon employees are cheering the news, dark clouds are forming on the horizon. But the MSM look the other way and push for a nationwide $15 minimum wage, echoing Bernie Sanders. We already may assume that Amazon Resource Depts have been inundated with job applications. But Sanders is just parroting a script, as usual. His stance about NAFTA 2.0 is just rhetoric, and his political image more used to socially engineering a class war than anything else.

First, Bezos is not going to use any penny of his personal wealth to compensate his workers, the money will come from more aggressive automation, and eventually hundreds of them will be laid off. But what will also happen in the short term is that prices will go slightly up, to cover employees' minimum wages, as it usually is the case. It is well known that minimum wages do not create more purchasing power but inflation.

Amazon shareholders are also aware that meritocrats just gave corporations another $3tn tax cut deal. So we may rest assured that Bezos' corporation will not suffer any loss. Many big retailers are losing steam and will have to resort to filing for bankruptcy (or closing down branches), adding to the jobless rate which is way higher than the official figures already.

http://www.shadowstats.com/alternate_data/unemployment-charts

Since its launch, Earth Custodians have rationally -- and metaphysically -- demonstrated that monetarism cannot fix poverty, nor prevent competition which fuels poverty and a slave-wage-bottom-class. Not to mention a steadily destruction of the environment.

Amazon' strategies are going to cause more economic dislocations.

Money in itself is not inherently bad when not hoarded, accumulated, because every penny we save is a penny taken from somebody else. At the end of the day, earned money has to be spent completely in order to respect the Law Of Equilibrium.

Silvio Gesell, a German economist, drafted a theory about it called The Natural Economic Order, even penalizing "dormant money". But his theory never went anywhere as it was tagged as "a communist recipe".

But isn't greed one of the 7 Capital Sin? And what is the conclusion of the "Golden Calf" allegory?

With money comes the need for power, and that is where the problems start... so yes, a money-free society is the most peaceful template ever possible on Earth. A money-free society will not be perfect but at least much better than what we have now. The paradigm shift is definitely a rational step.

PS: The Law of Equilibrium is found in the phenomenon of Electricity ruling over the Cosmos and caused by the perfect balance between negative and positive charges. Anode and cathode, equal in their opposition. This Principle is also found in magnets. Sun and Earth are in a state of perfect balance to sustain Life.

FURTHER READINGS:
The Inherent Flaws In Monetarism Will Always Break The Law Of Equilibrium ... http://www.earthcustodians.net/blog/2018/08/13/the-inherent-flaws-in-monetarism-will-always-break-the-law-of-equilibrium/

This Is What It Looks and Sounds Like When Thousands of Amazon Workers Learn They Just Won $15 an Hour | October 02, 2018 |"This is what the political revolution is all about," Sen. Bernie Sanders (I-Vt.)—"What Mr. Bezos has done today is not only enormously important for Amazon's hundreds of thousands of employees, it could well be a shot heard around the world. Mr. Bezos and Amazon are helping to lead the way, but there is no reason why other profitable corporations in the fast food industry, the airlines and retail should not be following suit." ................. MORE: https://www.commondreams.org/news/2018/10/02/what-it-looks-and-sounds-when-thousands-amazon-workers-learn-they-just-won-15-hour

There's a major threat to US retailers that no one in the industry is talking about: Amazon is killing department stores (2016) https://www.businessinsider.com/amazon-is-killing-department-stores-2016-5

Amazon is going to kill more American jobs than China did (2017)
https://www.marketwatch.com/story/amazon-is-going-to-kill-more-american-jobs-than-china-did-2017-01-19

The Unpleasant Realization Of Spending Billions Of Dollars In A Belief System ... Amazon planning to launch up to 3,000 cashierless stores by 2021 speaks volume... https://steemit.com/informationwar/@earthcustodians/the-unpleasant-realization-of-spending-billions-of-dollars-in-a-belief-system

House GOP Votes to Give Rich Another $3 Trillion in Tax Cuts (2018)
https://www.alternet.org/nation-transfixed-kavanaugh-monstrosity-house-gop-votes-give-rich-another-3-trillion-tax-cuts

Environmentalists see NAFTA 2.0 as just another ‘corporate giveaway’
https://epeak.in/2018/10/02/environmentalists-see-nafta-2-0-as-just-another-corporate-giveaway/

For Amazon stock to reach $6,000 per share, the company's sales for the 10th year from now must be $938.9 billion, or $1,993.36 per share, using the 471 million shares outstanding at the end of 2015. Starting with per-share sales of $227.19 in 2015, Amazon could reach that level of sales in 10 years only if the company grows its sales at 87.7% annually over the 10 years, an unlikely growth prospect. https://www.investopedia.com/articles/markets/053016/amazon-going-be-worth-6000-share-amzn.asp

Thank You For ALL Your Support!!

Your support will sponsor banners on the internet to spread the word

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

It will get very interesting once Amazon starts making their cryptocurrency plays. Theyve already created a digital currency on twitch and they are working on linking crypto wallets to identities and addresses. In ten years Amazon will be more powerful than most governments.

·

but corporations have always been more powerful than any govs :)

I do not hold my breath about cryptos, because the elites are always so much far ahead, up to 2 generations, so what we think is new today has already been sorted out by them... and most likely it is a trap, as usual...

but cyrpto could help during transition to a money free system. I am open to that... as it may take up to generation to complete the paradigm shift

Thanks @edicted

·
·

Even if crypto doesn't free the world from financial slavery it can still free the early adoptors.

·
·
·

I see what you mean... I have an ethereum wallet, just in case, as I plan a fundraiser next spring.. . (all donations will sponsor existing voluntary projects)

·
·
·
·

Finally! You are converting to the benefits of crypto! Welcome aboard! Pretty cool shit, eh? :-D

·
·
·
·
·

.. you cluster this blog daily, plz stay away when I address somebody else

Upvoted.

·

Thanks a bunch again... I really appreciate.

So your argument is that because Bezos isn't giving up any of his personal wealth, the workers aren't getting paid more? Wow, another argument from you that makes no sense.

Money in itself is not inherently bad when not hoarded, accumulated, because every penny we save is a penny taken from somebody else.

This is so completely and obviously wrong, that I am unable to decide where to begin. How about the zero sum fallacy?
https://yandoo.wordpress.com/2013/06/18/the-zero-sum-fallacy/

Money in itself is not inherently bad

I agree with you here, this is all I have ever said.

The Law of Equilibrium...blah blah blah

Does not exist. :-D

Since its launch, Earth Custodians have rationally -- and metaphysically -- demonstrated that monetarism cannot fix poverty

Except you haven't. Out here in the real world, extreme poverty is being destroyed at an awe inspiring rate. At no other time in human history has life been so good. You are privileged to be a witness to it.

Take off your bleak colored communist glasses and take a peak at our progress.

·

To be clear, you do not teach my readers anything, because they know I am speaking of metaphysics. They all endorse that the unseen drives matter and economics. The moods of the market is a metaphysical phenomenon affecting money. And which economists never speak about because they are clueless, and that people like you cannot wrap their minds around such an abstraction that is very real ...AND A NATURAL LAW... because it is the metaphysical that drives REALITY AND CONSCIOUSNESS.

In fact, you are not talking to me but yourself because you see the cracks in your own paradigm... shaky beliefs

Out here in the real world, extreme poverty is being destroyed at an awe inspiring rate... FROM YESTERDAY: Humanity is prospering more than ever before in history. W have gone from 99% of population living in absolute poverty down to 8-9% in the last few centuries. THANK YOU CAPITALISM!!!! Reality is calling, it is trying to break your delusion

central bank and corporate apologist, the word has a $300 TRILLION DEBT BUBBLE... mass poverty IS COMING, ONE WAY OR ANOTHER.... OR A WAR... Delusion?

You have a poor economic and philosophical and NO metaphysical knowledge, debating with you is pointless

How Minimum Wage Laws Increase Poverty | Mises Institute

Raising the minimum wage is a formula for causing unemployment among the least-skilled members of society. The higher wages are, the higher costs of production are. The higher costs of production are, the higher prices are. The higher prices are, the smaller are the quantities of goods and services ...

And I said that money is not inherently bad when NOT HOARDED. ACCUMULATED...

SO CATHODE AND ANODE ARE NOT IN A STATE OF EQUILIBRIUM?? HOW DO YOU GET THE CURRENT PASSING THROUGH THEN? BECAUSE IF THEY ARE NOT, NO ELECTRICITY :)

·
·

Out here in the real world, extreme poverty is being destroyed at an awe inspiring rate. And because of this, your whole outlook on life is wrong. You are saying the world is black when it is white.

And yes, I agree that minimum wage laws are bad for an economy.

And yes, electric currents work. But this is not because of your woo woo"law of equilibrium". It flows in one direction, from high voltage to low voltage, and batteries get drained. You need to do work to charge them up again. How is that equilibrium? It is the opposite of equilibrium. If voltage is at equilibrium, no current would flow.

·
·
·

woo-woo... you only can parrot the mainstream... charges oppose but are EQUAL in their opposition ... a battery is not the Cosmos... and that is why batteries are BAD for the environment. Humans must understand better how the cosmos works.. batteries are more profitable. LOL

·
·
·
·

You keep whinging about world debt. But have you ever bothered to look at world net worth? Of course not, because that would be productive, and you are not about productivity, you are about scare mongering.

If you added the value of all the things you owned and then subtracted any DEBTS you have, you come up with a number called net worth. If you own more than you owe, you get a positive number. If you owe more than you own, you get a negative number. Now we simply do that with every single person on earth and guess what? You get a positive number! 280 trillion to be exact. So on average people own twice as much as they owe. And that number increased last year by 6%.

We are creating more wealth every year, and we are destroying poverty every year. Is this what you are mad about? Because that makes no sense, although I guess I should be used to you not making sense by now. :-D

·
·
·
·
·

70% of americans g from paycheck to paycheck... where is the wealth? in the hands of bankers and they corporate pals... of course you call that TERRIFIC, a positive number... IT IS ALL DEBT and you are a central bank apologist. You have no economic knowledge. America has 100 trillion debt, with long term liabilities, and the GDP is a mere 17 trillion... where is the wealth??? The housing bubble is back ti the pre 2008 level... bubbling wealth, right. LOL

You are tiresome and soooooooooooo naive

·
·
·
·
·
·

The net worth of Americans across the board has increased. If we look at the 50% point, the net worth of this individual went from $83,977 in 2013 to $97,256 in 2016. That is an increase of $13,279 over 3 years, or over 5% a year. Not too shabby. This is not corporate wealth. This is the wealth held in the hands of an exactly average American.

Again, you seem to only look at debt which is only part of the equation. Let's look at US numbers. The newest I have is 2014:

Total wealth held by US: 270 trillion
Total debt held by US: 146 trillion
Total positive net worth: 124 trillion
And the net worth number grows every year. That means wealth is growing faster than debt. And every percentile is growing their net worth. Of course, the more money you have, the more you make. Where is the wealth? In everyone's pockets.

You are full of shit and a fear mongerer.

Curated for #informationwar (by @wakeupnd)
Relevance: Sharing the truth.

  • Our purpose is to encourage posts discussing Information War, Propaganda, Disinformation and other false narratives. We currently have over 10,000 Steem Power and 20+ people following the curation trail to support our mission.

  • Join our discord and chat with 250+ fellow Informationwar Activists.

  • Join our brand new reddit! and start sharing your Steemit posts directly to The_IW, via the share button on your Steemit post!!!

  • Connect with fellow Informationwar writers in our Roll Call! InformationWar - Leadership/Contributing Writers/Supporters: Roll Call

Ways you can help the @informationwar

  • Upvote this comment.
  • Delegate Steem Power. 25 SP 50 SP 100 SP
  • Join the curation trail here.
  • Tutorials on all ways to support us and useful resources here