Amazon workers vote to unionize in New York

  • Another sign of increasing wage-pricing power

Evidently, Amazon is able to appear this ruling so it's not final.

I don't want to read too much into this but you have to wonder if this is a trend. Maybe it's not just unionization but increasing cost pressures on companies to pay higher wages. Between that and rising costs, there is margin compression coming.

The larger question is how long and far this pendulum swings.

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