Amazon’s New Minimum Wage

Amazon will hire fewer people, not spend more on higher wages

So says David Bahnsen, wealth manager and founder of The Bahnsen Group.

“Through time, they are going towards an automation process that’s going to be hiring less people. They will not end up spending more in wages. They will end up hiring less people,” Bahnsen said on CNBC’s Closing Bell. Hear more of his thoughts here at CNBC.

bahnsen