Consumers’ votes with our dollars is what drives it all and certainly what attracts (5).
Consider the effect of (2), (3), and (4) upon the worker at the margin: they will all constrict the number of jobs relative to what it is today. Great for the lucky fewer who get in, but the economist must consider both the seen (higher wages for some) and the unseen (unemployment for others).
As to (1), Amazon is at the Walmart end of the market and are driving up affordability; the two go hand-in-hand. Does sufficient demand for a Target or Costco exist?
An anecdote, for what it’s worth: the people I knew who drove their trucks several years ago had the opposite view of how they were treated, particularly about being chronically shortchanged on retirement contributions, leave balances, and other accounting matters. Maybe things have changed since then.
Consider the effect of (2), (3), and (4) upon the worker at the margin: they will all constrict the number of jobs relative to what it is today. Great for the lucky fewer who get in, but the economist must consider both the seen (higher wages for some) and the unseen (unemployment for others).
As to (1), Amazon is at the Walmart end of the market and are driving up affordability; the two go hand-in-hand. Does sufficient demand for a Target or Costco exist?
An anecdote, for what it’s worth: the people I knew who drove their trucks several years ago had the opposite view of how they were treated, particularly about being chronically shortchanged on retirement contributions, leave balances, and other accounting matters. Maybe things have changed since then.