Amazon raises minimum wage to $15 for all USA workers

02 October, 2018, 20:58 | Author: Sally Reid
  • Amazon will raise company's minimum wage to $15 for all US employees

Employees who already make $15 an hour will also receive a raise, but Amazon didn't quantify it. Amazon said the additional expense of the wage increase will be incorporated into its earnings guidance, but it didn't detail those numbers in the blog post either.

The pay hike, one of the largest awarded by any major USA company, will affect 250,000 Amazon employees and 100,000 seasonal employees who are hired at Amazon sites during the holiday season.

The increase means it will now pay workers significantly more than the legal minimum wage, which stands at £7.83 in the United Kingdom and $7.25 in the US. Mr Bezos said he encouraged the company's competitors to increase their own minimum wages. The company is led by Jeff Bezos, who is the world's richest man with a net worth of $150 billion, according to Forbes. Walmart, which has 1 million workers, raised its minimum wage to $11 earlier this year.

Bezos is the world's richest man by a large margin-he is worth around $165 billion, according to the Bloomberg Billionaires Index-but past year Amazon's median pay was just $28,446, which works out to around $14 an hour.

Trump takes aim at China, Iran at UN Security Council
Mr Trump reimposed the sanctions after quitting the Iran accord in May, and called on United States allies to comply. Saudi Energy Minister Khalid al-Falih told reporters in Algiers that he does not influence prices.

Workers have been protesting against fast food chains like McDonald's Corp and demanding wage increases since 2012 but conditions at Amazon's warehouses, distribution centers and for its couriers have been drawing media attention and criticism for some time.

The company came under fire for producing an anti-union video that suggested employers push back against efforts to introduce a "living wage".

The retail giant revealed it would hike the minimum wage it pays workers in London to £10.50 an hour from £8.20 previously, and to £9.50 an hour from £8 for the rest of the UK. "The current rate of $7.25 was set almost a decade ago", said Jay Carney, senior vice president of global corporate affairs for the company.

"We will be working to gain Congressional support for an increase in the federal minimum wage".

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