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Amazon announces $15 minimum wage for all US employees
Posted on 10/2/18 at 6:05 am
Posted on 10/2/18 at 6:05 am
LINK
quote:
Amazon is raising its minimum wage to $15 an hour for all US employees.
The change takes effect November 1 and applies to full-time, part-time and temporary workers. Amazon (AMZN) says the $15 minimum wage will benefit more than 250,000 Amazon employees, plus 100,000 seasonal workers.
"We listened to our critics, thought hard about what we wanted to do, and decided we want to lead," said Jeff Bezos, Amazon's founder and CEO. "We're excited about this change and encourage our competitors and other large employers to join us."
Amazon also said its public policy team will begin lobbying for an increase in the federal minimum wage, which has been $7.25 an hour since 2009.
38
Posted on 10/2/18 at 6:07 am to The Egg
Well, would you look at that. Didn't need the govt to force them to do it. They did it all by themselves.
Amazing huh?
Amazing huh?
Posted on 10/2/18 at 6:08 am to i am dan
Lol so they caved to Bernie?
Posted on 10/2/18 at 6:11 am to The Egg
quote:
We're excited about this change and encourage our competitors and other large employers to join us."
Smart way to frame it, I’ll admit 
Posted on 10/2/18 at 6:12 am to i am dan
quote:Yeah it's pretty Amazon
Amazing huh?
Posted on 10/2/18 at 6:14 am to The Egg
They can do what they want, but I hate that they chose that arbitrary $15 number that the protesters came up with.
All this does is fuel the fire for others.
All this does is fuel the fire for others.
Posted on 10/2/18 at 6:15 am to The Egg
As long as prices are competitive good for Bezos and employees
Posted on 10/2/18 at 6:28 am to The Egg
quote:
Amazon also said its public policy team will begin lobbying for an increase in the federal minimum wage, which has been $7.25 an hour since 2009.
Pay your people what you want, but keep your nose out of what other companies do. Is that too hard a concept?
Posted on 10/2/18 at 6:35 am to BurningHeart
quote:
but I hate that they chose that arbitrary $15 number that the protesters came up with.
No crap, why not 14, or double the minimum at 14.50.
Posted on 10/2/18 at 6:36 am to The Egg
Amazon has 350,000 people making less than $15. Wtf????
Posted on 10/2/18 at 6:39 am to The Egg
Living wage causes robots
This post was edited on 10/2/18 at 6:40 am
Posted on 10/2/18 at 6:43 am to The Egg
He’s probably replacing at least half of those employees with automated and robotic solutions.
Posted on 10/2/18 at 6:45 am to The Egg
quote:
Well, would you look at that. Didn't need the govt to force them to do it. They did it all by themselves.
Exactly. I have zero issues with a private company deciding to do this on their own.
Posted on 10/2/18 at 6:51 am to The Egg
What was the average wage of those 350k employees before this wage hike?
Posted on 10/2/18 at 6:54 am to The Egg
That is where the prime increase went. He isn’t paying them... your extra $20 a year is.
I am all for companies doing what is best for their business model. However, let’s not kid ourselves that this is a philanthropic give. Doing this will squeeze the labor market tighter in the geographic areas. It will cause small companies to have to raise wages to compete. That will thereby increase costs which get passed along to the consumer.
I am all for companies doing what is best for their business model. However, let’s not kid ourselves that this is a philanthropic give. Doing this will squeeze the labor market tighter in the geographic areas. It will cause small companies to have to raise wages to compete. That will thereby increase costs which get passed along to the consumer.
Posted on 10/2/18 at 6:54 am to ItNeverRains
quote:Future news story, circa 2019:
As long as prices are competitive good for Bezos and employees
quote:
In other news, Amazon has figured out they can function just as well with a 33% less in their workforce. They claim greater efficiency and automation.
Wage hikes rarely are reflected in price. They are generally offset by fewer workers or drastic reductions in hours worked.
Posted on 10/2/18 at 6:56 am to The Egg
quote:
Amazon announces $15 minimum wage for all US employees
Prime membership price increase for 2019.
Posted on 10/2/18 at 6:58 am to The Egg
So I can expect my yearly membership to go to 149 next year
Posted on 10/2/18 at 7:00 am to The Egg
Amazon announces 15% of employees are making $0 an hour
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