Amazon Raises Minimum Wage to $15 for All Employees

Amazon Raises Minimum Wage to $15 for All Employees

That also extends to all Amazon subsidiaries such as Whole Foods.

It will impact more than 250,000 Amazon employees, plus more than 100,000 seasonal staff who work for Amazon over the holiday season.

At the new pay rate, an Amazon employee who makes the new minimum wage would need to work more than three weeks (133 hours) to buy one share of the company's stock, which now sits above $2,000.

Amazon's founder and CEO is encouraging other companies to follow their lead.

Amazon also is encouraging other large U.S. employers to follow its lead and said it would lobby USA lawmakers for an increase in the federal minimum wage, now at only $7.25. The company also said it would use its significant muscle in Washington to lobby lawmakers for an increase in the US federal minimum wage, which is $7.25 an hour.

But the company isn't stopping with raising its own minimum wage. "And I want to congratulate Mr. Bezos for doing exactly the right thing".

Amazon workers in the U.S. now make around $US11 an hour That will jump to $US15 next month. "We're excited about this, and also hope others will join in".

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Amazon had been under pressure for some time over both pay and working conditions at its fulfillment centers and its delivery operations.

Amazon made the announcement on a company blog this morning. Bernie Sanders (I-Vt.) is the first name that comes to mind.

New York state announced similar measures for New York City residents as part of its 2016-17 budget, with large companies - more than 11 people - mandated to raise their wages to $15 by the end of 2018.

Psssttt! While you're here we need your help. "In the USA, the average hourly wage for a full-time associate in our fulfillment centres, including cash, stock, and incentive bonuses, is over $US15/hour before overtime". A rise to US$15 is an increase of 15.4 per cent.

With US unemployment now flirting with historic lows, employers across the country are having difficulty finding enough qualified workers to fill open positions. "(It's a) smart move to win consumers and lawmakers", said Gene Munster, a venture capitalist at Loup Ventures and long-time tech analyst. Walmart announced in January it would raise their wages to $11 an hour minimum and Target wants to hit $15 by 2020.

Amazon says that they will also begin advocating for an increase in the federal minimum wage.

The minimum wage hike at Amazon comes as it is searching for a home for its second United States headquarters, which will employ as many as 50,000 people. Those workers now receive shares of stock if they meet certain conditions.

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