What Amazon, and e-commerce more broadly, is doing is selling goods to consumers at low prices, while giving them more convenience than ever before (rapid delivery to their doorsteps, with the possibility of easy returns) and creating new jobs in the process.
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Lowry: Attacked for providing good jobs to the unskilled
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Since the start of the pandemic, Amazon has hired some 350,000 workers, offering signing bonuses and decent wages. So why are some people complaining about this?RUTH FREMSON /NYT
It’s been a terrible year for the American worker, with a notable bright spot courtesy of one of the tech firms in the crosshairs of regulators and lawmakers.
If someone had said early in 2020, “A company is going to hire hundreds of thousands of non-college-educated workers during the pandemic at well above the minimum wage,” you’d think there’d be huzzahs all around.
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Tyler Cowen, riffing on Michael Mandel’s suggestion that the main economic problem facing the United States is the “massive write-down of U.S. knowledge capital over the past 10-15 years, combined with anti-innovation policies on the part of the government,” offers an intriguing hypothesis: I sometimes think of an imaginary economy with two sectors: music and bathtubs. I believe that my bathtub is over thirty years old, yet for me it works fine and I have no desire to buy a new one. When it comes to music, most people want to listen to what is new and hot, not Bach’s B Minor Mass.