Amazon raises minimum wage to $15 for all employees.
- Thread starter BitchI'llKillYa
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Amazon raises minimum wage to $15 for all US employees
Sara Salinas | @saracsalinas
Published 4 Hours Ago Updated 25 Mins AgoCNBC.com
- Amazon and CEO Jeff Bezos have been facing criticism for its pay disparity.
- The new minimum wage will benefit more than 250,000 Amazon employees — including part-time and temporary employees — and 100,000 seasonal employees.
- Amazon says the effect of the higher pay will be reflected in its forward-looking quarterly guidance.
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.
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.
The announcement comes ahead of Amazon's annual holiday hiring push. Last year the e-commerce giant said it would hire 120,000 temporary employees for the holiday season.
In August, national wage growth posted its biggest increase of the economic recovery, according to the Bureau of Labor Statistics. Payroll gains beat expectations and the unemployment rate held near a generational low of 3.9 percent — making holiday hiring tougher for many retailers.
—CNBC's Tom Rotunno and Jeff Cox contributed to this report. The Associated Press also contributed.
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This just in... Amazon leaves America
Won't work for this business model unless they plan on shipping immigrants to America to deliver them packages.
You're right. Amazon automates and drops half their employees.
You're right. Amazon automates and drops half their employees.
That's not cause and effective. Automation was always the end goal.
See my comment above.
Agreed. It's gonna happen anyway. And as long as the company decided on their own, cool.That's not cause and effective. Automation was always the end goal.
Yep.. they keep hring like crazy here in the Chi.. its a high demand n high turn over rate type if job, but 15 dollars for some with make it a better stay
The more money people make the more willing they are to do their job and stay..been the most obvious thing if you ever ran a business
Then McDonalds niggas work harder
$15/hr is good money depending on what part of the country you live in.
$15/hr is not going to do much living here in Las Vegas. So I know damn well areas in South Cali and the NYC Tri-State area it ain’t worth shit.
If you live in North Dakota or Wyoming, you could live decent on it.
$15/hr is not going to do much living here in Las Vegas. So I know damn well areas in South Cali and the NYC Tri-State area it ain’t worth shit.
If you live in North Dakota or Wyoming, you could live decent on it.
This only made sense
They are one company who can actually afford it
Fast food niggas better not get excited tho lol
They are one company who can actually afford it
Fast food niggas better not get excited tho lol
I see what he's doing thereMaybe the most important thing in the actual announcement is:
"Amazon’s public policy team will also begin advocating for an increase in the federal minimum wage."
U telling me McSloppy's cant afford 15 an hour?
He has been relentlessly attacking Amazon, threatening legislation.
Instead of taxing his company to pay for homeless which he blocked, he setup a non profit taking the money from him which makes more sense. Raising the minimum wage is part of his counter attack.
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I think minimum wage up there is even higher due to low population and recruiting tool
Amazon can definitely afford it.
No....
naa he will be in memphis tonight bragging that he did it...
"For 2017, the median Amazon employee earned just under $28,500, according to company..."
Wow.
Wow.
Pathetic
Clearly not enough when it comes to cooperate America
unless amazon is a private company....then he has shareholders to answer to....and they want to be paid too
Maybe the most important thing in the actual announcement is:
"Amazon’s public policy team will also begin advocating for an increase in the federal minimum wage."
Smart Amazon. Smart.
This is aimed at Wal-Mart. If the federal minimum wage was increased to $15/hr, it eats up as high as 40% of WallyWorld's profits. I'm pretty sure this ties in with Amazon wanting to enter the immensely larger brick and mortal retail market.
They lowered the rates they pay
To the drivers(private contractors) that
Deliver the packages to fund this.
Amazon didnt take it out of their own
Pockets, they just getting over on the
next person.
To the drivers(private contractors) that
Deliver the packages to fund this.
Amazon didnt take it out of their own
Pockets, they just getting over on the
next person.
when i was in seattle we took tours of a lot of the facilities and there are robots zipping around the place moving crates/pallets to designated areas all day
Unless your business hires entry level non-skilled employees who are easily replaceable.
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