Thursday, February 20, 2014

Amazon 'Probably Destroyed a Million Jobs'

Shelf Awareness

"Amazon didn't create any jobs. Amazon probably destroyed a million jobs in our economy."

--Nick Hanauer, quoted in a Seattle Times profile that focuses on his political activism, including efforts to raise the federal minimum wage to $15 an hour. Hanauer "was the first nonfamily investor in Amazon.com in 1995, betting all the cash he had at the time--$45,000--on the nascent Internet bookseller. When he sold his Amazon stock in 2000, it was worth more than $100 million," the Times wrote

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