'Amazon has become the poster child for 21st-century corporate capitalism run amok.' RBReich
On Friday, Amazon—America's wealthiest, most powerful, and fiercest anti-union corporation, with the second-largest workforce in the nation , lost out to a group of warehouse workers in New York who voted to form a union.If anyone had any doubts about Amazon's determination to prevent this from ever happening, its scorched-earth anti-union campaign last fall in its Bessemer, Alabama warehouse should have put those doubts to rest.
As its corporate coffers bulge with profits—and its founder and executive chairman practices conspicuous consumption on the scale not seen since the robber barons of the late 19th century—Amazon has become the poster child for 21st-century corporate capitalism run amok. With consumer demand soaring, employers are desperate to hire. This has given American workers more bargaining clout than they've had in decades. Wages have climbed 5.6 percent over the past year.
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