Amazon Pay Raise to $15/Hour Will Benefit 350,000 Employees
After intense scrutiny over Amazon pay rates and worker treatment, is Amazon’s new minimum wage hike a PR move or a sign of a company cultural shift?
Effective next month, all Amazon employees in the United States will earn no less than $15 an hour, the company announced on Tuesday. Full-time staff, part-time staff and temporary staff totaling more than 250,000 employees will benefit from the Amazon pay increase. Another 100,000 seasonal employees will also benefit from the raise.
“We listened to our critics, thought hard about what we wanted to do, and decided we want to lead,” Amazon CEO Jeff Bezos said in a statement. “We’re excited about this change and encourage our competitors and other large employers to join us.”
Some employees already earn $15 per hour, they will also reportedly see a wage increase.
CEO Jeff Bezos had been under intense criticism for the company’s low wages and pay disparity across the U.S. and beyond. Amazon pay rates and treatment of workers were seen as severe and in stark contrast to the wealth of Amazon’s founder. The average Amazon worker earned below $28,500 in 2017. Bezos, on the other hand, is the richest man in the world and worth an estimated $168 billion.
Senator Bernie Sanders in September sponsored a bill which aims to tax corporations for every dollar of benefits their employees receive in government assistance like food stamps and healthcare benefits. The legislation is known as the Bezos Act.
Senator Sanders applauded the Amazon pay increase.
“Today I want to give credit where credit is due,” Sanders said. “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.”
Will the Amazon pay raise kick off a push for raising the federal minimum wage?
Sanders joined Amazon to encourage other major retailers to raise minimum wages for their workers. Amazon also promised to lobby the U.S. government to increase the federal minimum wage.
“We will be working to gain Congressional support for an increase in the federal minimum wage. The current rate of $7.25 was set nearly a decade ago,” said Jay Carney, Senior Vice President of Amazon Global Corporate Affairs. “We intend to advocate for a minimum wage increase that will have a profound impact on the lives of tens of millions of people and families across this country.”
Amazon competitors Target and Walmart have also promised to look into raising their employees’ minimum wages. Walmart said it will raise wages to $11 in January and Target said it will raise it to $15 by 2020.
The wage increase is not only happening in the U.S., it will also be coming up in the UK. Amazon workers in London will have their minimum wage raised to £10.50 ($13.61) and those in other parts of the country upped to £9.50 ($12.31).
It’s about fucking time Bezos did something with his enormous wealth…. he can’t take it with him
Alyson Michie Those employees can thank our Presidents’ economic policies and 45% rise in Amazon’s stocks since Trump’s election.
Gary J. Weber sorry I don’t buy your repug analysis.
Alyson Michie i dont buy that either.
Alyson Michie, Democrats have provided this country with nothing but turmoil, you had better find a brain so you can actually think for yourself
Thanks for sharing this post with us
Perhaps new NAFTA agreement was a piece to this wage puzzle? Anyone want to chime in on this.
want to write about it? We will publish it if you do!
Only because he was forced.
Bezos about time you pay your employees well, they are the backs you made your money off of. It shouldn’t of had to come to the pressure of complaints.
Hopefully this is not the end of showing AMAZON ATROCITIES.
Thank you, Jeff Bezos!
read the fine print…but no more bonuses or benefits
Did I not just read that he instituted a revenge policy? He’s cancelled monthly quota bonuses and stopped stock options to employees?
Obviously he is a take no prisoners style business man.
He can well afford to.
So new employees will be hired at 15 . And my friend whose been there for 8 years only makes 16 . They also cut bonuses and they used to give each employee stock. All gone now. Grrrr.
Amazon employees will also get a free weekly pack of adult diapers!
I been working my job 26 years and just now making 15 bucks an hour and kids want that please I a widow paid of my house took care of my two kids on that .
Who’s fault is it you now only make 15 an hour? Why would you not be glad people make a decent wage?
Has anyone bothered to ask the employees that were in favor of incentive bonuses and stock options how they feel now that those are gone and the shitty workers make just as much as the ones that are motivated and driven to succeed?
Gives with one hand, takes away with the other.
Press Release reprint w no mention of lost bonuses/stock. Noblesse Oblivious.
They have too give up some benefit to get it.
Except they cut out bonuses…..
I think you forgot to mention that their employees benefits will be cut in order to do this. Technically they will lose money
Corporate need is unbelievable!!!!
Not unless 350,000 people happen to be Jeff bezos. #lies #propaganda
Prices will go up, but that’s cool.