Amazon Makes a Big Move on Minimum Wage


In a video posted to Twitter on Tuesday, Dave Clark-Amazon's senior vice president for worldwide operations and customer service-captured the moment he announced to California warehouse workers early Tuesday that Amazon has decided, in the face of intensifying political scrutiny, to raise its entry-level wage to $15 an hour for all of its 350,000 USA workers. The median pay for an Amazon employee past year was $28,446, according to government filings, which includes full-time, part-time and temporary workers.

Amazon on Tuesday said it will raise its minimum wage to $15 in the United States, a response to mounting pressure over its wages and treatment of its warehouse workers. Overall, more than 250,000 Amazon workers will get a pay raise from this, in addition to more than 100,000 seasonal employees that the company hires at various times throughout the year. Today he has raised the minimum wage at Amazon and Whole Foods effective next month.

Amazon's decision to open its wallet a bit should welcomed by workers, but there's a lot left to do to reduce the growing income and wealth gap in America and the ratio of CEO-to-worker pay, at 312-to-1 previous year, up from 58-to-1 in 1989 and 20-to-1 in 1965. Sanders applauded Amazon's announcement but did not comment on the status of his bill, the Stop BEZOS Act, which sought to tax Amazon to cover the cost of federal assistance its warehouse workers receive.

It seems Amazon really does care what people think about the company.

Its founder, Jeff Bezos, is the world's richest man, with a fortune estimated at some $150bn.

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Neil Saunders, managing director of GlobalData Retail, said Tuesday that while Amazon's wage hike is a politically savvy move, it's also a change made out of economic necessity.

One key change however, is Amazon's restricted stock unit program.

Higher wages, Kudlow said, are just another example of a flourishing economy that he often credits to the Trump administration's business-friendly policies. The federal minimum wage has not been raised in almost a decade. "By joining together, speaking out and going on strike, we've convinced companies, politicians and the public that $15 an hour is the bare minimum anyone needs to survive", added Slaughter, among the workers participating in protests Tuesday afternoon in cities including Detroit and Flint, Michigan. The new minimum wage is £10.50 ($13.60) for the London area and £9.50 ($12.30) for the rest of the country. It helps them save money that would be lost as trained workers leave for higher pay elsewhere.

Jeff Bezos is no stranger to criticism, but raising the minimum wage across the board for his organization quieted some of the nay-sayers.

Amazon has announced that it will raise its minimum wage to $15 for all its workers.