Published: Tue, October 02, 2018
Business | By Pearl Harrison

Amazon Makes a Big Move on Minimum Wage

"We listened to our critics, thought hard about what we wanted to do and decided we want to lead", Bezos said in a statement.

Amazon says it will pay all its USA workers at least $15.

Amazon announced Tuesday it would raise its minimum wage to $15 an hour for all its employees, a move that comes after the company faced harsh criticism for paying its workers too little.

Jeff Bezos, Amazon chief executive, said he was "excited" to announce the changes, which he said would impact more than 37,000 employees across the United Kingdom, "resulting in higher pay for them and their families".

The plight of those workers has been a public relations headache for the company for years, with media reports regularly finding grueling working conditions.

"We will be working to gain Congressional support for an increase in the federal minimum wage", said Jay Carney, senior vice president of Amazon global corporate affairs. As Bloomberg News reported in April, "Amazon is now the second-largest private employer in the US behind Walmart Inc". But as Amazon's stock has risen, so has Bezos' net worth - it's now estimated around $165 billion.

Amazon has recently been targeted over its pay by Senator Bernie Sanders, who last month introduced a less-than-subtly-named piece of legislation called the Stop Bad Employers by Zering Out Subsidies-"Stop BEZOS"-Act". Currently, the median annual income for an Amazon employee is just under $28,500. That revelation came from The Intercept, which reported that in four out of the five states that provided data, Amazon was one of the top employers of SNAP recipients. It appears that the company is also eliminating incentive and productivity targets, and will increase the pay of those who were already making $15 an hour. Overall, more than 250,000 Amazon workers will get a pay raise from this, in addition to more than 100,000 seasonal employees that the company hires at various times throughout the year.

The federally mandated minimum pay hasn't risen since 2009. The company has named 20 cities as finalists, including Atlanta, Chicago and Washington, D.C.

Visit HERE to find out more about the new Amazon $15 wage.

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