Amazon raises minimum wage to $15 for all US employees

lajikal

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Aug 6, 2009
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#1
Amazon raises minimum wage to $15 for all US employees

  • 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.
CNBC.com


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 a fraction of 1 percent lower before the market open.

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.

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.

"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.

Amazon said it will also start advocating for an increase to the federal minimum wage.

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.

 

Creasy Bear

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#2
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
It's good to see Obama's economic stimulus policies finally gaining traction.
 

MayrMeninoCrash

Liberal Psycopath
Dec 9, 2004
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#3
How dare a business enact policies absent of government regulation! Bernie must be seething right now over this success of capitalism!
 
Dec 8, 2004
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#4
$15 bucks an hour to throw boxes around...

 
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Stig

Making America So Great You Won't Believe It.
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#6
I've always been against the mandatory $15 minimum wage for a number of reasons. But I think this is a great move for Amazon. I'm sure their people work harder than a 16 year old kid pouring sodas at McD's. And Amazon makes a shit-ton of money, so why not spread it around? This doesn't work for the local mom and pop store.
 

crippledalbino

The God of 42nd Street
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#8
Funny seems some of the ones in jail can't seem to get fambly members to bail them out... but if a new set of sneaks comes out you damn well know those same fabmly members are buying them...

I always knew Amazon was behind... uh... *checks notes* freeing people from Rikers!
 

Sinn Fein

Infidel and White Interloper
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#10
Well, my stepson works for them in a warehouse. I bet he's happy.

Sent from my SM-G935V using Tapatalk
 

Creasy Bear

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#11
I've always been against the mandatory $15 minimum wage for a number of reasons. But I think this is a great move for Amazon. I'm sure their people work harder than a 16 year old kid pouring sodas at McD's. And Amazon makes a shit-ton of money, so why not spread it around?
Because only government laws and regulations will force an E-vile corporation to raise wages. Haven't you read Bernie's manifesto?
 
Dec 8, 2004
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#12
Well they will be paid that $15 an hour right up until someone makes a machine to do their job...

 

Floyd1977

Registered User
Nov 1, 2004
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#13
So, now what happens when the people who were already making 15/hr yesterday want raises.
 

Stig

Making America So Great You Won't Believe It.
Jul 26, 2005
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#14
Because only government laws and regulations will force an E-vile corporation to raise wages. Haven't you read Bernie's manifesto?
No. I'm not a fan of that crazy old hippie.
 

Stig

Making America So Great You Won't Believe It.
Jul 26, 2005
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#16
So, now what happens when the people who were already making 15/hr yesterday want raises.
Well, that's the problem isn't it? if you legislate that across the board for every company, you set off a perpetual motion machine of spiraling costs and prices.
 

Stig

Making America So Great You Won't Believe It.
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#17

Floyd1977

Registered User
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#19
Well, that's the problem isn't it? if you legislate that across the board for every company, you set off a perpetual motion machine of spiraling costs and prices.
Which of course means they're not helping the people they claim they're helping
 

Stig

Making America So Great You Won't Believe It.
Jul 26, 2005
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#20
Which of course means they're not helping the people they claim they're helping
Right. The $15 minimum wage is a total scam to buy votes. If a company is making money hand over fist and the labor warrants it, fine if it's their choice. But a federal $15 minimum would destroy the economy.
 

Stig

Making America So Great You Won't Believe It.
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#21
So you hate him for feelz reasons rather than reals reasons too then... like a bitch.
Hey, I find him to be an abhorrent human being and a national embarrassment. You're one of those people who'd support him if he shot a random child in the street. That's just who we are, man.
 

Creasy Bear

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#22
Hey, I find him to be an abhorrent human being and a national embarrassment.
And you do so for womanly, emotional reasons. Reasons that you refuse to look past to even consider the success of his policies. That's what women do. That's catty bitch shit.
You're one of those people who'd support him if he shot a random child in the street. That's just who we are, man
You're one of those people who'd refuse to support him if he put money in your pocket, which, unlike your asinine and womanly-illogical rhetorical situation, is something that is actually happening right now.

You'll never admit it though, because you're too busy crying bitch tears about Trump shooting imaginary children to thank the Allfather for the bounty he has gifted you in real, actual life.

That's just who you are, woman.
 
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the max

attempted murder? now honestly, what is that?
Sep 28, 2006
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#25
Saw on reddit that instead of people being happy, now they're upset because the company is going to cut their bonuses and just pay them $15 an hour.

Give an inch and they want a mile.