Yesterday, as you probably heard, Amazon announced that it was raising its minimum hourly pay to $15. About 350,000 workers will receive an immediate raise as a result. Amazon also called on other companies to do the same and said it would lobby Washington to increase the federal minimum wage. A tightening labor market no doubt contributed to Amazon’s decision, but politics — avoiding “the chance of regulations that pose a bigger cost down the road,” as The Wall Street Journal’s Dan Gallagher wrote — was the main factor.

This is how democracy and capitalism are supposed to work.

“Jeff Bezos admitted a real degree of failure here and openly stated that the critics were right and he was wrong,” wrote Shaun King, the writer and Black Lives Matter activist. “Thank you @SenSanders,” tweeted John Podesta, Hillary Clinton’s former campaign chairman. Bezos thanked Sanders yesterday as well, in a Twitter exchange.

For more on the importance of changing corporate behavior, I recommend a recent book by Peter Georgescu, the former C.E.O. of a major advertising agency, as well as coverage and analysis of Senator Elizabeth Warren’s new legislation on this topic.

Trump’s tax fraud. If you’re a subscriber to The Times and you’re feeling angry this morning about President Trump’s brazen tax cheating — as uncovered by a long Times investigation — I know how you feel. But I would also encourage you to make room to feel a small bit of pride, as well.

A long journalistic investigation, involving multiple reporters and editors, is expensive. The reason my colleagues in the newsroom are able to pursue such projects is because of the financial support of subscribers. All of us who work here are grateful for that support.

Among the reactions to the investigation:

“If you’re wondering how Trump managed to evade the tax authorities for so long, given the brazen acts reported in that NYT piece, note that we’ve basically stopped prosecuting white-collar crime and tax evasion,” tweeted The Washington Post’s Catherine Rampell.

“Most if not all of the transactions detailed in The Times can be pursued as civil tax fraud by both the federal and New York state governments,” argues David Cay Johnston, a reporter who has covered Trump’s finances for years. “What we need now are serious investigations by Congress, by the IRS and by New York state and city tax authorities.”