That 25% figure is a bit surprising to me, although Amazon at least has pretty thin margins. I wonder if it's because the ‘fight for 15’ branding has moved the Overton window enough that now $9.50 sounds reasonable… The huge stock market gains have had unexpected effects. Yglesias' framing is a bit dark though.
Favorites April 30 2021
Favorites April 30 2021
Favorites April 30 2021
That 25% figure is a bit surprising to me, although Amazon at least has pretty thin margins. I wonder if it's because the ‘fight for 15’ branding has moved the Overton window enough that now $9.50 sounds reasonable… The huge stock market gains have had unexpected effects. Yglesias' framing is a bit dark though.