Do "superstar" companies hold down wages?

Reema Khrais Aug 24, 2018
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An Amazon logo is seen inside the Amazon corporate headquarters on June 16, 2017 in Seattle, Washington.   David Ryder/Getty Images

Do "superstar" companies hold down wages?

Reema Khrais Aug 24, 2018
An Amazon logo is seen inside the Amazon corporate headquarters on June 16, 2017 in Seattle, Washington.   David Ryder/Getty Images
HTML EMBED:
COPY

This week, central bankers, finance ministers and economists from the around the world flew to the mountain resort of Jackson Hole, Wyoming. They’re there for an annual economic symposium hosted by the Federal Reserve Bank of Kansas City. One focus of this year’s event is on so-called “superstar” firms like Amazon, which is a half-million employees strong, and whether these giant companies are partly responsible for holding down wages. 

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