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October 2, 2018 02:10 pm

Amazon Will Raise Its Minimum Wage To $15 For All 350,000 US Workers

Amazon said Tuesday it's raising the minimum wage for all 350,000 of its U.S. employees to $15, effective next month. From a report: The new pay threshold will go into effect Nov. 1 and impact all full-time, temporary and seasonal workers across the company's U.S. warehouse and customer service teams as well as Whole Foods, the company said in a blog post. It did not disclose what its current minimum pay wage is for U.S. workers, perhaps in part because there is not one set rate. "We listened to our critics, thought hard about what we wanted to do, and decided we want to lead," Amazon founder and CEO Jeff Bezos said in a statement. "We're excited about this change and encourage our competitors and other large employers to join us." Alongside the cash compensation bump, Amazon said it will eventually eliminate its practice of granting stock to these workers and will instead institute a program that allows them to purchase Amazon stock through the company. The announcement comes as Amazon faces increased criticism over its pay and treatment of warehouse workers. Senator Bernie Sanders, in particular, has been relentless in his criticism of Amazon over the last few months, proposing a bill that would tax the company as a penalty for having workers who need food stamps and other public assistance to make ends meet.

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