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mazon raises minimum wage to $15 for all US employees
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Amazon said the effect of the higher pay will be reflected in its forward-looking quarterly guidance. Shares of Amazon were trading marginally lower Tuesday morning.
The company and CEO Jeff Bezos have been facing criticism for its pay disparity. Sen. Bernie Sanders last month introduced legislation called the Bezos Act to tax corporations for every dollar that their low-wage workers receive in government health-care benefits or food stamps.
| Today I want to give credit where credit is due," Sanders said in response to the announcement. "What Mr. Bezos has done today is not only enormously important for Amazon's hundreds of thousands of employees, it could well be, and I think it will be, a shot heard around the world."
Amazon said it will also start advocating for an increase to the federal minimum wage.
Amazon's starting pay varies by location — $10 an hour at a warehouse in Austin, Texas, for example,
| and $13.50 an hour in Robbinsville, New Jersey. For 2017, the median Amazon employee earned just under $28,500, according to company filings. Bezos earned $1.7 million.
Amazon is also raising wages for British employees to a minimum of £10.50 ($13.61) for workers in London and £9.50 ($12.31) in the rest of the country.
| "We listened to our critics, thought hard about what we wanted to do, and decided we want to lead," Bezos said in a statement. "We're excited about this change and encourage our competitors and other large employers to join us."
Retail rival Target announced in its holiday hiring release it would raise minimum hourly wage to $15 by 2020. Walmart announced plans in January to raise its minimum wage to $11.
| https://www.cnbc.com/2018/10/02/amazon-raises-minimum-wage-to-15-for-all-us-employees.html
| Now workers can kiss their benefits goodbye, all because the richest man on the planet thinks it costs too much to give workers basic rights
| Can't wait to hear about layoffs to account for this "wage increase" because they'll refuse the idea of putting more money toward workers as a whole...
| >>415296
If I remember right they ware given amazon stock at some point, so thats a major benefit that has been taken
| >>415490
About 3 years after working there.
Amazon has an extremely high turnover rate.
Basically didn't exist
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| Amazon announced Tuesday it's raising the minimum wage for all U.S. employees to $15, effective next month.
The new minimum wage will benefit more than 250,000 Amazon employees — including part-time and temporary employees — as well as another 100,000 seasonal employees, the company said. Some employees who already make $15 per hour will also see a pay increase.