Amazon introduced as we speak it could increase its minimal wage for all US workers to $15 per hour. The change will take impact on November 1, and can apply to full-time, part-time, short-term, and seasonal staff. Total, greater than 250,000 Amazon staff will get a pay increase from this, along with greater than 100,000 seasonal workers that the corporate hires at numerous instances all year long.
“We listened to our critics, thought laborious about what we wished to do, and determined we need to lead,” Amazon CEO Jeff Bezos stated in a press release.
The corporate’s public coverage workforce may even be advocating for a rise within the federal minimal wage, which is at present $7.25 per hour. The federal minimal wage hasn’t risen since 2009.
Amazon worker pay relies upon closely on location: hourly staff in some areas of the nation receives a commission $10 per hour whereas others are already making greater than $15 per hour (workers who fall into the latter class can anticipate to see a slight pay bump as properly). Presently, the median annual revenue for an Amazon worker is just below $28,500.
The retail big has confronted criticism for not paying its staff sufficient, particularly in gentle of Bezos’ immense wealth: he is at present thought of the richest individual on the earth with a internet price of about $165 billion. Final month, Senator Bernie Sanders (I-Vt.) launched laws that may tax companies for the price of workers’ meals stamps and different help packages. The invoice’s title is a dig at Bezos himself—”Cease Dangerous Employers by Zeroing Out Subsidies Act,” or the Cease BEZOS Act.
Amazon is not the one firm making strikes to lift wages for its workers. Goal lately vowed to lift its minimal wage to $15 per hour by 2020. Walmart introduced again in January that it plans to lift its minimal wage to $11 per hour.
Amazon’s announcement comes practically one month after the corporate reached an enormous milestone: a market worth of $1 trillion. It hit that mark on September 5, simply weeks after Apple grew to become the primary firm to ever attain a $1 trillion valuation.