Amazon's "Let's raise the minimum wage" advertisement
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Amazon has released an advertisement titled "Let's raise the minimum wage" Amazon. The advertisement can be seen here(https://gyazo.com/660466230a4793b10bd3cac7598f3231). In a tweet by fladdict(https://twitter.com/fladdict/status/1356046952459210759?ref_src=twsrc%5Etfw) on February 1, 2021, it is mentioned that Amazon is advocating for an increase in the Minimum Wage.
According to fladdict(https://twitter.com/fladdict/status/1356048267935535107?ref_src=twsrc%5Etfw), this advertisement suggests that Amazon has a strategic advantage in an environment where the minimum wage is higher. It is stated that with an increase in national income, Amazon would benefit more than other companies due to higher profits flowing towards them. Additionally, Amazon's productivity is said to be significantly higher than that of its competitors. This indicates that Amazon has a strong position that cannot be easily challenged. While this is a positive development, it also poses a threat as Amazon can continue to raise the stakes like in a game of Poker with an Infinite Raise.
Overall, the advertisement by Amazon promoting an increase in the minimum wage has both positive implications and potential risks, resembling a situation of an Infinite Raise in Poker.