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Showing posts with the label Minimum Wage Increase

Why Amazon Really Raised Its Minimum Wage to $15

After months of increased public criticism about its grueling labor practices, Amazon announced Tuesday that it would begin paying all US employees, including part-time, seasonal, and temporary workers, at least $15 an hour and all UK employees at least £9.50 (with higher wages in London) beginning November 1. The move will affect 250,000 Amazon employees and 100,000 seasonal workers, according to the company. In the same announcement, Amazon also said it will begin lobbying Congress to raise the federal minimum wage, which is currently $7.25. Jeff Bezos—the company’s CEO and the richest man in the world—said in a statement that Amazon “listened to its critics,” and “decided we want to lead.” On its face, Amazon's decision to raise wages is unequivocally a good thing, with the power to positively impact the lives of hundreds of thousands of workers who were paid low wages even as their employer amassed enormous wealth. The pay increase also demonstrates the effectiveness of th