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this post was submitted on 26 Mar 2024
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Technology
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I'm pretty sure that a large company like Amazon has destroyed far more jobs than created. Because of the efficiency of their operation
That's what I was thinking. A multitude of small businesses are less efficient, so need more people to do the same amount of work as a single large company. And I would imagine that the competition created by many small companies all chasing after the same pool of employees would have a lesser ability to suppress wages: if one business won't pay their employees well, those employees will just go and work for someone else instead.