Amazon Raises Hourly Wages at Cost of Almost $1B a Year (finance.yahoo.com)

Is this a good thing? Without the economic incentive of profit, job creators won't be able to create more jobs. Then where will we be?

Saw a clip of someone from Idaho as I recall, explaining that his raise was $1.15 total.

For comparison: their revenue in 2021 was $470B, and the net profit was $33B.

So the company isn't exactly risking its bottom line here. They could double those raises and still come down to a rounding error.