Amazon Raises Minimum Wage to $15 - The Impact - a podcast by American Pastors Network

Recently Amazon announced an increase in their minimum wage to $15. This will affect 250,000 people and 40% of their worldwide labor force. Why did Amazon do this? Was it a political move to get Congress of their backs? Was it to keep workers who are being lured into other companies?
When companies significantly raise wages, it does two things: 1) helps people to spend more which is good economically; 2) Raises prices for everyone which fuels inflation. If other companies follow suit, what is more likely to occur? Higher inflation or just greater economic growth?What other factors accompany inflation?

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