Amazon says it will pay all its US workers at least $15.
Workers sort arriving products at an Amazon Fulfilment Center in Tracy, California August 3, 2015.
- Online retailer Amazon has announced on Tuesday that they are raising their minimum wage to $15 for all us employees, including Full-Time, Part-Time, Temporary, and Seasonal. The median pay for an Amazon employee past year was $28,446, according to government filings, which includes full-time, part-time and temporary workers.
The new wage will apply to full-time, part-time, seasonal and temporary workers.
He said Amazon had "listened" to its critics, "thought hard about what we wanted to do, and decided we want to lead". "We're excited about this change and encourage our competitors and other large employers to join us".
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Amazon's public policy team will also begin advocating for an increase in the federal minimum wage. And that's before taxes and other expenses are taken into account. Amazon employs over 575,000 people worldwide.
Amazon will raise the minimum wage for all employees starting November.
Amazon's market capitalization now stands near $1 trillion; it paid Bezos, its founder and CEO, $1.68 million a year ago. Currently, the median annual income for an Amazon employee is just under $28,500. In the U.S., workers will receive $15 an hour from the start of November.
The Obama administration had called for raising the minimum wage to $10.10, but the proposal went nowhere during an era of divided government. And in that time, the rate "has lost about 9.6 percent of its purchasing power to inflation", the Pew Research Center said previous year. Washington state has the highest minimum wage in the country at $11.50 per hour.
The company, which bought Whole Foods Market in a $13.7 billion deal a year ago, opened a general store in New York City in September after launching a few small grocery shops known as Amazon Go in Seattle and Chicago. And five states have laws that don't require a minimum wage at all, according to the Department of Labor.