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Amazon will hire fewer people, not spend more on higher wages, wealth manager says
Amazon's company-wide minimum-wage hike won't cost the company more; rather, it will reduce the number of staff, David Bahnsen of private wealth management company Bahnsen Group told CNBC on Tuesday. "They will not end up spending more in wages. They will end up hiring less people," Bahnsen said on CNBC's…
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